Tag: US


These States Are Voting On Cannabis Legalization This November


In 2016, the US election resulted in a green wave as cannabis legalization measures passed in eight out of nine states. Now, the industry and its supporters are hoping for another big win in November. This year, voters in five states will decide whether to adopt either new medical or recreational cannabis laws — or, perhaps, both in the case of one state. As it stands now, 33 states have legalized medical cannabis, and of…


Method Man Launches Cannabis Venture to Support Black Business


Method Man, the actor and rapper known for his work with Wu-Tang Clan, is launching a cannabis business that aims to bring more black ownership to the industry. Tical, named after his 1994 solo debut album, will start selling marijuana to four black-owned dispensaries as soon as this weekend, said spokesman Neal Kwatra. The company, whose name stands for “Taking Into Consideration All Lives,” has raised US$300,000 with New York-based JLS Fund for its initial…


Using Cannabis While Pregnant Does Not Impair Children’s Cognition, Decades Of Studies Suggest


Across the US, children and their parents routinely face separation and other forms of punishment due to legal and medical policies around prenatal cannabis exposure, and the notion that cannabis use during pregnancy may harm children’s development. But according to a review of research to date, there’s no evidence to support this belief about cannabis, nor the inarguably harmful policies which rely on it. After nearly six years of comparing study results, researchers at Columbia…


Cannabis Companies Are Seeing a Quarantine-Fueled Edibles Boom


Sundries to stock in one’s cupboard during the coronavirus pandemic: canned tuna, honey, rice, and weed gummies. Cannabis sales skyrocketed in the days leading up to stay-at-home orders to stem the spread of the coronavirus in the US. Now, cannabis analysts have found that an unusually high proportion of those sales can be attributed to edibles. Recently, concentrates such as dabs and vaporizers been the fastest-rising stars, fueling much of the cannabis industry’s growth, but…


Oaksterdam University: The Cannabis College, Explained


In 2019, legal cannabis firms generated $15 billion in sales and employed 340,00 people, while 13,000 — 18,000 cannabis businesses operate in the US every day. By 2025, cannabis research firm New Frontier Data predicts that legal cannabis sales will reach $23 billion. Given the industry’s upward trajectory and current market environment, weed is going to need a lot of workers. Fortunately, cannabis universities are out there, ready to train students from the career-oriented to…


Cannabis Bankruptcies Start to Roll in as Pandemic Halts Financing


The weakest companies are succumbing and even relatively healthy firms are showing signs of strain. The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, the industry is now facing a pandemic-related collapse in stock markets and ever-shrinking financing options. Pot companies completed two capital raises worth just US$5.6 million the week ended March 27,…