Category: Capitalism: The New Cannabis Economy
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Hurricane Helene and Its Potential Impact on Trulieve Cannabis Corp (TCNNF)
Read more: Hurricane Helene and Its Potential Impact on Trulieve Cannabis Corp (TCNNF)As Hurricane Helene rapidly approaches Florida, all eyes are on how this massive storm will impact critical sectors of the state’s economy, including the cannabis industry. Trulieve Cannabis Corp (TCNNF), one of the largest cannabis companies in the U.S., with a major operational footprint in Florida, could face significant disruptions as the storm makes landfall.…
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Getting In On The Action – Best and Worst States to Start a Cannabis Business
Read more: Getting In On The Action – Best and Worst States to Start a Cannabis BusinessStarting a marijuana or hemp business in the U.S. can be a complex process due to varying state regulations, social equity programs, and business climates. Here’s a breakdown of states with the best social equity programs, states that make it easiest to start a cannabis business, and those that are more challenging. States with the…
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Cannabis Tourism – A Budding Industry – Worldwide to Stateside
Read more: Cannabis Tourism – A Budding Industry – Worldwide to StatesideBest Countries for Cannabis Lovers (and their Economies) 1. The Netherlands – Amsterdam’s Coffeeshop CultureBest For: Iconic cannabis cafes and a chill, accepting atmosphere. Amsterdam remains one of the biggest cannabis tourist destinations in the world, with its famed “coffeeshops” attracting millions of visitors annually. Cannabis tourism alone generates significant revenue for local businesses. Studies…
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The DOOBIE Act Moves Forward – What’s Next?
Read more: The DOOBIE Act Moves Forward – What’s Next?The DOOBIE Act (Dismantling Outdated Obstacles and Barriers to Individual Employment) could have a significant positive impact on marijuana stocks by aligning federal employment policies with modern marijuana laws. The bill, which recently passed through the Senate Homeland Security and Governmental Affairs Committee, aims to eliminate the federal government’s ability to disqualify job applicants and…
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Bipartisan Presidential Support and Rising Marijuana Consumption – Is Now The Time To Buy Marijuana Stocks?
Read more: Bipartisan Presidential Support and Rising Marijuana Consumption – Is Now The Time To Buy Marijuana Stocks?With both Harris and Trump backing federal marijuana reform, the cannabis industry seems poised for a breakthrough. However, despite the bipartisan support and the growing consumption of marijuana in the U.S., cannabis stocks remain volatile. Investors are left wondering: Will stocks go lower before they surge, or is this truly the beginning of a sustained…
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Hemp History and American Cars: How Realizing Henry Ford’s Hemp Vision Could Benefit The Economy
Read more: Hemp History and American Cars: How Realizing Henry Ford’s Hemp Vision Could Benefit The EconomyIn the 1940s, American industrialist Henry Ford envisioned a future where cars were not only made to last but were environmentally sustainable. Ford’s groundbreaking work with hemp was part of his effort to develop a vehicle that was both stronger and lighter, using plant-based materials rather than metals. His famous “hemp car,” created in 1941,…
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When Americans Consume More Weed Than Alcohol, Why Doesn’t The GOP Support the MORE Act?
Read more: When Americans Consume More Weed Than Alcohol, Why Doesn’t The GOP Support the MORE Act?The Marijuana Opportunity Reinvestment and Expungement (MORE) Act has been lingering in Congress, ignored by republicans, introduced by Representative Jerrold Nadler and supported by over 94 House Democrats, seeks to decriminalize marijuana at the federal level, expunge past marijuana-related convictions, and reinvest in communities disproportionately impacted by the War on Drugs. A glaring issue with…
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Rep Betty McCollum Becomes 129th Co-Sponsor to SAFER Banking Act
Read more: Rep Betty McCollum Becomes 129th Co-Sponsor to SAFER Banking ActOn September 6, 2023, McCollum co-sponsored the SAFER Banking Act (Secure and Fair Enforcement Regulation), which seeks to address critical banking issues related to the legal cannabis industry. As the cannabis industry has expanded across the United States, businesses operating in states where cannabis is legal have faced significant challenges due to federal restrictions on…
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Glasshouse Brands Glass House Brands Eyes Hemp as Strategic Expansion Opportunity Amid Record Q2 Results
Read more: Glasshouse Brands Glass House Brands Eyes Hemp as Strategic Expansion Opportunity Amid Record Q2 ResultsIn an industry-shaping move, Glass House Brands (GLASF) announced record-setting financial results for Q2 2024, with $53.9 million in revenue, driven by a robust cannabis production output. However, amid California’s fluctuating marijuana prices, the company is actively exploring the hemp market to diversify its portfolio. CEO Kyle Kazan emphasized that entering the hemp space would…
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Global Hemp Production – America Last
Read more: Global Hemp Production – America LastHave American Hemp farmers become too focused on CBD and not focused enough on the rest of the plant? Here’s a breakdown of where America stands on Hemp production globally. 🇨🇳 China: First Place. Unquestionably the heavyweight champion. While exact figures are debated, China is estimated to account for roughly 50-70% of global hemp…