Marijuana Business Archives

Federal Cannabis Legalization Won’t Happen Soon, Analyst Predicts

Federal Cannabis Legalization Won’t Happen Soon, Analyst Predicts

WASHINGTON DC - Further consolidation of the cannabis industry and more cross-border transactions and listings on the Toronto Stock Exchange are likely over the next 18 months, but full U.S. legalization is not, cannabis analyst Pablo Zuanic said Monday. “We do not expect major breakthroughs at the federal level in the U.S. before the third

By Staff Writer|2023-07-24T19:04:51-04:00July 24th, 2023|Marijuana Business, News|

Actress Gwyneth Paltrow’s THC-Infused Sparkling Water Brand Raking In $750,000 Monthly

Actress Gwyneth Paltrow’s THC-Infused Sparkling Water Brand Raking In $750,000 Monthly

SAN FRANCISCO - The cannabis industry is rolling out the red carpet for actress-turned-wellness guru Gwyneth Paltrow, who is quietly "dominating" California's market alongside other stars after backing an increasingly popular THC-infused sparkling water brand. Cann sells cannabis-infused sparkling waters in a number of unique flavors including blood orange cardamom – a favorite with nearly 160

By Staff Writer|2023-07-23T16:20:22-04:00July 21st, 2023|Featured, Marijuana Business, News|

Study: Cannabis Use Enhances ‘Runner’s High’ During Exercise

Study: Cannabis Use Enhances ‘Runner’s High’ During Exercise

WASHINGTON DC - The use of cannabis prior to running is associated with greater feelings of enjoyment and tranquility, according to data published in the journal Cannabis and Cannabinoid Research. Study participants ran an average of 3.88 miles. Participants reported “a more positive exercise experience” when they ran immediately after having used cannabis as compared to when

By Staff Writer|2023-07-19T08:55:38-04:00July 18th, 2023|Marijuana Business, News|

NBA Removes Cannabis From Prohibited Substances List

NBA Removes Cannabis From Prohibited Substances List

NEW YORK - League officials and the NBA Players Association have signed a collective bargaining agreement that drops cannabis from its list of banned substances. The new agreement codifies changes first implemented on a temporary basis in 2020 limiting the ability of league officials to randomly screen players for cannabis and to punish those who test positive. Under

By Staff Writer|2023-07-09T15:05:48-04:00July 9th, 2023|Marijuana Business, News|

Report: Only 24.4 Percent Of U.S. Cannabis Businesses Are Profitable

Report: Only 24.4 Percent Of U.S. Cannabis Businesses Are Profitable

LONDON, UK - Whitney Economics, a cannabis economics data, consulting and research firm, has published its second annual Cannabis Operator Sentiment and Business Conditions survey report. The survey measured shortages and surpluses in materials, services and labor inputs against future expectations. Expected revenues, profits, margins, costs and other basic business measurements are also revealed. Key

By Staff Writer|2023-06-30T13:54:24-04:00June 30th, 2023|Featured, Marijuana Business, News, Uncategorized|

Cannabis-Friendly Credit Card Processing Offered By Desert Creek Ventures

Cannabis-Friendly Credit Card Processing Offered By Desert Creek Ventures

ANN ARBOR - The Michigan cannabis community has had difficulty getting approval by credit card companies to pay for cannabis. Now with a new product from Desert Creek Ventures, a binary credit card processing system will let anyone use credit cards to pay for their purchases. William Shaw is introducing this legal financial process to

By Mike Brennan|2023-06-12T09:11:03-04:00June 12th, 2023|Marijuana Business, News|

iHemp Michigan Seeks To Rebuild Hemp Industry, Seeks State Help

iHemp Michigan Seeks To Rebuild Hemp Industry, Seeks State Help

ANN ARBOR - The Hemp industry in Michigan thrived 80 years ago. Then prohibition came. Under the 2018 Farm Bill Hemp was made legal to grow again, but the rebirth has been rocky at best. Dave Crabill, president of iHemp Michigan, appears on MITech TV to talk about what's need to make Hemp thrive once

By Mike Brennan|2023-06-11T12:51:46-04:00June 11th, 2023|Marijuana Business, mitechtv, News|

Living Coffin Turns Human Flesh Into Compost

Living Coffin Turns Human Flesh Into Compost

LONDON, UK - Want to become part of the environment when you die? Loop Living Cocoon has an answer, the world's first living coffin that enriches nature by biodegrading in just 45 days and gives human nutrients back in the most natural way. Yup. Sounds like the premise for a horror movie. The Loop Living

By Staff Writer|2023-05-30T08:31:55-04:00May 27th, 2023|Featured, Hemp, Marijuana Business, News|

SAFE Banking Act Finally Appears Headed For Vote In U.S. Senate

SAFE Banking Act Finally Appears Headed For Vote In U.S. Senate

WASHINGTON DC - Marijuana companies could secure financial services and confusion over banking for hemp operators could be clarified after the reintroduction of the Secure and Fair Enforcement (SAFE) Banking Act in the U.S. Senate. The measure, which is strongly supported by both Republican and Democrat lawmakers, has passed the House of Representatives seven times

By Mike Brennan|2023-05-04T15:32:24-04:00May 4th, 2023|Marijuana Business, News|

Ben & Jerry’s Urges Gov. Whitmer To Grant Clemency For Cannabis Convictions

Ben & Jerry’s Urges Gov. Whitmer To Grant Clemency For Cannabis Convictions

LANSING - Ben & Jerry’s is turning its attention to half-baked marijuana legalization, focused on Michigan where cannabis use is legalized, but many are still serving time or have long-standing records for cannabis-related convictions, the company said in a press release. As legalization has swept across the nation, those convicted and incarcerated for cannabis possession

By Staff Writer|2023-04-21T13:36:09-04:00April 21st, 2023|Featured, Marijuana Business, News|