While the cannabis industry was hoping the U.S. Food and Drug Administration would make some quick tweaks to its policy that would allow edible CBD products to be sold across the country, outgoing commissioner Scott Gottlieb said earlier this week that, consistent with the other bureaucraptastic methods that make up the federal government, it could […]
Category: Cannabis News
Over 800 CVS stores will start carrying CBD products
CVS stores in eight U.S. states will begin carrying CBD topicals this week, according to information released on Wednesday from Curaleaf Holdings Inc. The company announced a deal to sell products with CBD derived from hemp at 800 CVS stores during an earnings conference call with investors.
California is growing so much marijuana it could crash the market
California has too many marijuana farms — growing too much product — and if nothing is done it will devastate the industry, according to a 2019 cannabis harvest projection.
Marijuana is the fastest-growing industry in the US job market, according to a new report
The US added 64,389 full-time legal cannabis jobs in 2018, according to a new report. That outpaces growth in other sectors in the job market. Job openings in the cannabis industry have also surged.
Can legal weed ever beat the black market?
One big reason to legalize cannabis is to wrest the market away from criminal enterprises and tax the proceeds. But in Canada and the US states where weed is legal, the illegal market has proven to be a tenacious competitor – and it’s likely to remain so for years.
Banks don’t want to work with marijuana companies. It’s time for that to change
With thousands of cannabis businesses popping up in states that have legalized marijuana for medicinal or recreational use, one important problem remains: banking access.Since cannabis remains illegal under federal law — and the federal government oversees all US banks and credit unions — banks are often skittish about granting bank accounts to these businesses.
California only made half as much on 2018 marijuana taxes as expected
When California, the most populous state in America, legalized recreational marijuana last year, many had high hopes for the industry, writes Joseph Misulonas. But unfortunately, it appears initial projections for the success of the industry were a little off.
Cutting-edge lighting to lighten energy tab for Liht’s B.C. cannabis facilities
Liht Cannabis Corp. has selected Agnetix’s liquid-cooled, LED lighting system for its cultivation facilities in B.C., a change expected to enhance plant health and slash by more than half energy costs compared to traditional systems.
Federal agencies weigh in on legal status of hemp, CBD
Representatives from the US Food and Drug Administration (FDA) and the US Department of Agriculture (USDA) testified last week with regard to federal efforts to regulate domestic hemp production and the sale of certain hemp-derived CBD products.
Mayor Hancock asks congress to approve marijuana banking
Denver Mayor Michael Hancock is continuing his pledge to support Denver’s marijuana industry, sending a public letter to the United States Congress in support of marijuana banking reform.