Category: Capitalism: The New Cannabis Economy

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.…

Starting 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…

Best 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…

The DOOBIE Act (Dismantling Outdated Obstacles and Barriers to Individual Employment) could have a significant positive impact on marijuana stocks by aligning federal employment policies with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…

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…

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…

On 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…

In 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…

Have 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…