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Hemp Legalization Clears the House

Hemp Legalization Clears the House

In mid-December, the U.S. House of Representatives approved the 2018 Farm Bill, whose provisions include removing hemp as a U.S. Controlled Substances Act. Until now, hemp has been treated the same as its cousin, cannabis. If President Trump signs the farm bill, hemp will become a legal crop for...

Tobacco Giant Investing in Cannabis

Tobacco Giant Investing in Cannabis

We’re all familiar with the iconic Marlboro Man – is he soon to become the Cannabis Man? Richmond, Virginia-based Altria - the parent company of Philip Morris, maker of Marlboro cigarettes - recently bought 45 percent of Cronos Group, to the tune of $2.4 billion.
Cronos Group, a...

Examining California's Recreational Cannabis Supply Stream

Examining California's Recreational Cannabis Supply Stream

California’s cannabis market is a behemoth. Its market is unlike any other legal state market at this time. According to a report from Arcview Market Research and BDS Analytics, California's cannabis market value is expected to exceed $5.1 billion by the end of the year.
The analysis...

Where Does Mexico's Cannabis Regulations Go Under AMLO?

Where Does Mexico's Cannabis Regulations Go Under AMLO?

Continuing on the exciting cannabis news out of Mexico, recently inaugurated President Andrés Manuel López Obrador’s administration has begun. Appointed to the position on December 1, the President often referred to as AMLO aims to take Mexico on a radical change towards leftist policies....

Mexico’s Supreme Court Rules Cannabis Prohibition Unconstitutional

Mexico’s Supreme Court Rules Cannabis Prohibition Unconstitutional

In yet another blow to anti-pot crusaders, the Supreme Court of Mexico has ruled that prohibition of cannabis violates citizens’ rights, arguing that freedom of personal development allows adults to choose the recreational activities they want to engage in - without the government...

North American Marijuana Edibles Market Will Hit $4 Billion by 2022

North American Marijuana Edibles Market Will Hit $4 Billion by 2022

The legal cannabis market is exploding, but it's not just traditional bud attracting enthusiastic consumers. According to marijuana industry analysts The Arcview Group, sales of cannabis-infused edibles will reach $4.1 billion in the United States and Canada by 2022.
Americans gobbled up over...

The State of Play for RICO and the Cannabis Industry

The State of Play for RICO and the Cannabis Industry

It was one of the greatest courtroom dramas the weed industry has seen so far. Parker Walton, a Colorado marijuana grower, was sued by owners of a neighboring ranch over what they claimed were “pungent, foul odors” from his property. They claimed it harmed them by reducing their...

Lack of Product and Black Market Affecting California Cannabis Businesses

Lack of Product and Black Market Affecting California Cannabis Businesses

The first year of legal recreational cannabis is California is off to a somewhat rocky start. That’s expected in any new industry, but most industries don’t have to compete with a long established black market in their products. Along with those who continue to distribute and sell...

This Little Known Pot Stock Could be a Big Hit

This Little Known Pot Stock Could be a Big Hit

Investing in cannabis companies has reached a fever pitch, with shares of big names like Aurora, Tilray, and Canopy Growth being gobbled up a rate reminiscent of that of the tech boom in the late 1990s.
According to one analyst, however, one company about to go public on the Canadian stock...

Francis Ford Coppola Enters High-End Cannabis Market

Francis Ford Coppola Enters High-End Cannabis Market

At a private cannabis-infused dinner party in San Francisco last month hosted by the Herb Somm (aka expert chef and sommelier Jamie Evans) and attended by the industry’s top insiders and socialites, legendary film director turned winemaker Francis Ford Coppola debuted his latest gift to...