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.
Tag Archives: Economy
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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 leaders in agriculture and food systems met in Monrovia, Indiana to discuss opportunities for growing Hemp commercially.
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.
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.
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 interest is emerging. Data has become available and it’s time to start telling the story of the marijuana economy.
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.
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.
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.
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.
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.
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.”
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.
Investors are used to watching oil as a factor in international politics, but cannabis?
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.
It wasn’t too long ago that all any investor could talk about was the red-hot marijuana industry and the skyrocketing stocks.
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.
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.
The budding pot industry is creating a tech boomlet.
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 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.