ATHENS, Greece, Feb. 7, 2018 /Weed Wire/ — Tabled today in Parliament the Draft Law “Provisions for the Production of Finished Products Pharmacy Hemp” which regulates the field of production, control and distribution of formulations containing pharmaceutical cannabis in order to promote productive investment in this sector and generate development benefits to the economy and the State.
Tag Archives: Economy
Hertzberg Introduces Legislation to Establish Framework for Cannabis Banking
SACRAMENTO, Jan. 25, 2018 /Weed Wire/ – Sen. Bob Hertzberg, D-Van Nuys, introduced legislation today to help financial institutions safely conduct transactions with cannabis businesses.
The Biggest Opportunity Yet to Buy Canopy Growth Corp. Starts Now
Over the past year, investors have been anxiously following the progression of marijuana stocks such as Canopy Growth Corp, which offer the promise of significant growth from the new, emerging segment of the economy.
Deal-Making in the Cannabis Industry Hits an All-Time High
If it seems like there’s been a spurt of deals and potential deals going on in the cannabis industry lately, it’s because that’s exactly what’s happening.
This Is Why Statistics Canada Is Going to Study Recreational Cannabis
On Nov. 21, 2017, Statistics Canada announced that it is preparing the country’s statistical system to capture economic and social data on the use of recreational cannabis.
Greece Hopes Its Economy Can Get High From Medical Weed
Investors in medical cannabis projects are focusing on Greece, where a warm, sunny climate and potentially favorable future legislation could help the government deliver on a promise to pull the country out of a seven-year economic crisis.
5 Things You Didn’t Know About the Canadian Marijuana Economy
Canadian Prime Minister Justin Trudeau introduced legislation to legalize recreational marijuana throughout the country, which plans to be in effect on Canada Day (July 1) 2018. Now, many experts have predictions for the Canadian marijuana economy as a result of the cannabis industry becoming legal.
Rona Kobell on the Resurgence of the Hemp Industry
In this C-SPAN video watch Rona Kobell on the Resurgence of Hemp Industry. Kobell discussed her piece in October’s Reason Magazine, which looked at the return of the hemp industry in Kentucky.
Puerto Rico’s Medical Marijuana Industry Takes a Hit From Hurricane
Puerto Rico’s fledgling legal marijuana industry is struggling to recover as the devastation delivered by Hurricane Maria may have cost the island trade millions of dollars in damage.
Prince Edward Island: Public Input Sought on Cannabis Legislation
CHARLOTTETOWN, Prince Edward Island, Aug. 31, 2017 /Weed Wire/ — The provincial government wants Islanders’ thoughts on what cannabis legislation should look like for Prince Edward Island.
Lawmaker Calls Arkansas Medical Marijuana Business “Wild, Wild West”
Future medical marijuana growers and sellers in the Natural State can’t take their money to the bank, for now, that is. After doing his homework, the state lawmaker who crafted the new cannabis laws has learned more money, more problems when it comes to doing business without banking assistance.
Puerto Rico Betting on Medical Marijuana to Ease Crisis
Jesus Aponte pushes a door open to reveal hundreds of aromatic, spiky green plants, a crop that Puerto Rico hopes will help it ease a grinding economic crisis by generating millions in revenue and tens of thousands of jobs.
First Look at Wisconsin Marijuana Legalization Bill Aimed at Jumpstarting Economy
Wisconsin marijuana legalization has been given new life. On July 13, 2017, Wisconsin Rep. Melissa Sargent held a press conference to announce the introduction of a bill aimed at legalizing both medical and recreational marijuana in the state, marking the third time a marijuana legalization bill has been introduced in the Wisconsin State Legislature.
Struggling Towns Turn to Medicinal Marijuana
A former steel town in Pennsylvania has turned to medical marijuana for an economic boost, taking direction from a Canadian town that made a similar move.
Indiana Event Brings Attention to Commercial Hemp Uses
Indiana leaders in agriculture and food systems met in Monrovia, Indiana to discuss opportunities for growing Hemp commercially.
Minnesota Lawmaker to Introduce Recreational Marijuana Bill
On Feb. 8, 2017, Minnesota State Rep. Jon Applebaum announced that he would be introducing a bill to legalize and regulate recreational marijuana in the state.
NCIA Statement on Confirmation of Sen. Sessions for Attorney General
WASHINGTON, Feb. 9. 2017 /Weed Wire/ — National Cannabis Industry Association executive director Aaron Smith issued the following statement in response to Senator Jeff Sessions’ confirmation as new U.S. Attorney General.
Rep. Applebaum Introduces Bill to Legalize Marijuana in Minnesota
ST. PAUL, Minn., Feb. 8, 2017 /Weed Wire/ – Deputy Minority Leader, State Rep. Jon Applebaum (DFL – Minnetonka) today announced plans to introduce a bill to legalize the personal, recreational use of marijuana in the state of Minnesota. Under the legislation, the state would regulate marijuana in a similar fashion to alcohol, with purchase, possession, and use only permitted by those aged 21 or older.
Institutional Cannabis: An Economic Timeline
Institutional interest is emerging. Data has become available and it’s time to start telling the story of the marijuana economy.
The Hidden Poverty in Marijuana’s Black Market
Rural Trinity County is home to 13,500 people in Northern California and marijuana production is rampant there. Along with Humboldt and Mendocino counties, Trinity comprises California’s “Emerald Triangle,” a region known for its prolific marijuana farming.
Conversations in California: Sonoma County Talks Medical Cannabis Regulations
On July 27, 2016, the County of Sonoma in California will hold the first of three medical marijuana town hall meetings to receive input on marijuana regulations in Districts 3-5 of unincorporated Sonoma County.
Hawaii Medical Marijuana Dispensaries Could Pull in $38 Million in First Year
A report from the Hawaii Dispensary Alliance says the state’s medical marijuana dispensaries could produce revenues between $12 million and $38 million during their first year of operation, according to an Associated Press article. By 2018, dispensaries could bring in $80.5 million as registered patients grow from 14,000 to as many as 40,000.
How Much are People Making in Humboldt’s Black Market Cannabis Economy?
Many people who work in the emerald triangle’s underground economy think of it as just a job. However, for the majority of people outside the cannabis industry there is a lot of mystery.
Jamaica Setting Stage for Medical Marijuana
On May 12, 2016, during the opening of Jamaica’s 2016/17 Budget Debate in Parliament, Finance Minister Audley Shaw announced that Jamaica will move forward in creating a medical marijuana industry that can boost the country’s economy.
Oregon Cannabis Jobs Report: Retail Sector Boosting State Economy
On April 12, 2016, Economist Beau Whitney and cannabis industry consultant Sam Chapman announced the release of their new cannabis industry report, “Oregon Cannabis Jobs Report: Retail Sales and Job Creation in Oregon’s Burgeoning Cannabis Sector.”
Is the Marijuana Industry Recession-Proof?
Some in the marijuana industry, based on their experiences on the job in the period between 2009 and 2013, believe that this industry vertical is actually anti-recessionary, even if it is not entirely shielded by “market correcting” events.
Fighting ISIS with Legalization in Lebanon
Investors are used to watching oil as a factor in international politics, but cannabis?
Friday: First Trading Day of 2015!
Cannabis stocks enjoyed their first day of 2015 with a majority of the sector rallying. It is not too surprising to see a bounce with tax-loss harvesting behind us.
Interview with 420 Investor’s Alan Brochstein: Why Have Marijuana Stocks Gone Up in Smoke?
It wasn’t too long ago that all any investor could talk about was the red-hot marijuana industry and the skyrocketing stocks.
Nevada’s Take on Tokes: as much as $10M
CARSON CITY — Preliminary estimates suggest that Nevada’s medical marijuana program could generate as much as $10 million in excise taxes to the public schools in the upcoming two-year budget.
7 States That Would Earn the Most Money by Legalizing Marijuana
Some of us are still processing this whole marijuana legalization deal. For many people, it’s kind of hard to believe legalization is actually really happening — it’s no longer simply a topic of discussion marijuana smokers debate over, it’s right here.
‘Bud’-ding Pot Industry Lights Up a Whole New Economy
The budding pot industry is creating a tech boomlet.
Colorado’s Cannabis Attracts Homeless
There have been a lot of projections about the effects of legalizing cannabis. Proponents predicted that it would boost the economy, create jobs and lower crime. Opponents predicted rampant crime, drug addiction and the utter ruin of the American family (or something to that effect). Yet with all of those predictions and accusations, there was one impact few experts saw coming: an increase in the homeless population.
Washington’s Pot Tax Revenue Falls Short
Washington state’s marijuana market looks like it is off to a slow start, or at least that is according to a new report released by Moody’s, a credit rating agency. It appears that high taxes, low supply and easy access to medical marijuana have led to a lackluster performance thus far; and analysts project that sales taxes collected from the sale of recreational cannabis will fall short of the projected $51.2 million.