Hemp is grown in many states in the U.S. It has dozens of applications with long histories, such as rope, textiles, shoes, paper, and insulation. It is cheap to grow and very durable in finished goods. Hemp is a form of cannabis, but it must contain less than 3 percent THC. It cannot be easily […]
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FLORIDA – One of the leading cannabis providers in the nation, Curaleaf, opened its newest dispensary in Englewood, marking it’s 47th retail store in the state and 140th dispensary in the United States. According to the Sarasota Herald-Tribune, the dispensary opened on May 5 at 1920 South McCall Road, just west of Placida Road. This […]
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NEW YORK – Members of New York’s Cannabis Control Board approved 36 new conditional cannabis cultivator licenses during a meeting on Thursday, May 5th. According to a local news report, with the first 52 farms approved during last month’s meeting, the newly issued licenses bring the total number of farms permitted to grow cannabis in […]
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In 2018, cannabis industry financing was the domain of private companies that acquired equity in cannabis companies in exchange for financing dollars. The fourth quarter of 2018 had the largest total investment capital the industry had seen to date, with private investors raising 86 percent of capital funding of $1.3 billion. Major cannabis companies raised […]
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LOS ANGELES, CA – The inaugural Green Street Festival, an event organizers are calling a “cannabis-infused South by Southwest,” is set to kick off next weekend in historic downtown Los Angeles. According to a High Times report, the festival was announced in January, and is being put on by local entrepreneur Gary Vaynerchuk and his […]
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Eighteen states and Washington D.C. have legalized recreational cannabis. CBD is legal in every state except Iowa and Idaho. Some definitions are in order if we wish to discuss the competing business models for CBD, or cannabidiol, and THC-based products like marijuana, edibles, etcetera. THC-based products are developed, designed, and sold for one primary purpose: […]
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ALASKA – The Alaska House voted in an overwhelming majority to seal the criminal records of 8.500 Alaskans who were convicted of cannabis-related crimes, Cannabis Business Times reports. House Bill 246, which passed in a 30-8 vote on April 20th, aims to eliminated the stigma against Alaskans convicted of non-violent cannabis crimes prior to 2014. […]
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TOPEKA, KS – On Wednesday, lawmakers in Kansas met for the first time regarding the legalization of medical cannabis in the state, KSNT reports. The state is drafting the plan under Senate Bill 12, which includes regulations for distributing and selling cannabis. Senator Bob Olson (R-Olathe), chair of the Senate Federal and State committee, told […]
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WASHINGTON, DC – President Joe Biden pardoned three people and commuted the sentences of 75 people convicted of non-violet federal drug charges on Tuesday, according to a report by Marijuana Moment. The action comes after the Biden administration was pushed repeatedly for clemency by lawmakers and advocates since taking office last January. Although it is […]
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Data compiled from dispensary POS systems across the country revealed this year’s 4/20 was one of the biggest days for marijuana sales, blowing past the numbers from years past. According to a report by Green Entrepreneur, cannabis retail software company Cova, sales across the United States reached an estimated $128 million on April 20th alone. […]
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