|Bid||22.00 x 1100|
|Ask||23.00 x 800|
|Day's Range||22.15 - 22.59|
|52 Week Range||22.15 - 26.50|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.74%|
Common statistics about women in the cannabis industry have been regurgitated like a mama bird feeding her nestlings – from the decreasing number of women in executive level positions to the lack of investment going to female founders. Perhaps if 21st century business didn’t resemble forms of 20th century business, then statistics wouldn’t be the same regurgitation. The cannabis industry must do better,’ Tahira Rehmatullah, Executive Director of Hypur Ventures and board member at Akerna Corp (NASDAQ: KERN) commented.
The public debate surrounding cannabis policy often focuses on the fundamental question of legalization, but the details of how cannabis policy is implemented are critical to understanding and forecasting legalization’s social and financial impact. After historic votes to approve the Illinois Cannabis Regulation and Tax Act (HB 1438) in the Illinois House and Senate, Illinois Governor J.B. Pritzker has pledged to sign the bill into law. Unfortunately, the law is terrible for almost everyone in Illinois.
When you are trying to market your business in the cannabis industry, you have to think differently. Google (NASDAQ: GOOGL), Instagram, Facebook Inc (NASDAQ: FB), etc. all restrict advertising cannabis products, as well as accessories. This was a question I found myself asking when I first started marketing cannabis products.
One way to uncover retail insights is by breaking down the consumer basket. Retail sales data can tell us what is purchased - and how much. The majority of cannabis customers are Millennials, with a market share at just over 50 percent, followed by Generation X and Baby Boomers, who each hold around 23 percent of the market.
This is why the Minority Cannabis Business Association and Merida Capital Partners launched the i2 Accelerator, with the goal of empowering and fast-tracking minority-owned cannabis businesses that develop innovative solutions for the fastest growing industry in the world. Need more cannabis news? Recipients will be awarded a minimum of a $50,000 investment, as well as mentorship, access to influencers and other resources provided by Merida and MCBA.
Previous generations witnessed the rise of great sailing ships, steam engines, automobiles, mass production, commercial flight, radio, telephone and television and space travel. The American dream, idyllically portrayed by Norman Rockwell, transitioned from being a company man to one’s own man. When Humpty Dumpty illegality tumbles, opportunities for wealth will grow, mirroring America’s other regulated industries, including energy, telecom, transportation, media, pharmaceuticals, tobacco and alcohol.
A congressional committee is slated on Tuesday afternoon to consider an amendment aimed at protecting state-approved cannabis programs from federal interference. Need more cannabis news? The amendment, by Rep. Earl Blumenauer, Democrat of Oregon, and California Republican Tom McClintock would only protect states from U.S. Justice Department interference over their cannabis programs for a year, because spending bills have to be reauthorized each year.
A recent study focused on cannabis usage amongst older adults revealed noteworthy findings — mostly because the largest increase in cannabis usage was the older adult generation (baby boomers). It was even found that older cannabis consumers used the alternative medicine at least one hundred days out of the whole year. In addition, the majority of older cannabis consumers reported using the plant for medicinal reasons rather than for recreational usage.
It turns out that, like most other companies in the U.S. cannabis industry, CannaCraft was producing a lot of plastic waste. Prior to receiving this certification, the 2 million vape cartridges produced by CannaCraft annually were packaged in plastic, child-resistant tubes to comply with cannabis packaging regulations in California.
A word to states considering marijuana legalization: If you approve using the green plant, you’ll receive green back. Since Colorado adult-use cannabis program begin in 2014, the state has generated more than $6 billion in marijuana sales, according to the Colorado Department of Revenue. To be exact, Colorado has seen $6.56 billion in marijuana sales as of last month.
Back in February, I introduced you to a company called Halo Labs (OTC: AGEEF). This is an Oregon-based manufacturer of cannabis oils and concentrates where it boasts about 20 percent of the Oregon concentrates wholesale market, and has done more than $25 million in revenue. Following its expansion into California and Nevada, Halo has tripled revenues.
Ahead of Canada legalizing recreational marijuana, excitement was high around the industry about the country emerging as a world cannabis leader. As one of only two countries with legal adult-use weed — Uruguay being the other — Canada has had every advantage to building its lead as a leader in research, business, and more. Neil Selfe, the INFOR Financial Group Inc. founder and CEO, told Bloomberg Canada “blew it” with regard to legalization, thanks to severe provincial and marketing regulations placed on the industry, as well as lacking innovative approaches to policy.
Global X is looking to roll out a cannabis exchange traded fund of its own. A recent filing with the Securities and Exchange Commission (SEC) provides details about the Global X Marijuana ETF. That ETF ...
Global X, one of the largest purveyors of thematic exchange traded funds, is looking to add that lineup with a cannabis ETF. Assuming the new ETF comes to market, it will track the Marijuana Index, which is provided by Solactive AG. Solactive provides indexes for several other Global X funds.
Rep. Alexandria Ocasio-Cortez (D-NY) has already aligned herself with cannabis reform, but now she’s pushing forward legislation that would make it easier for scientists to study the medical efficacy of psychedelics. Ocasio-Cortez’s measure would lift a barrier that many researchers claim makes it unnecessarily restrictive to analyze the medical benefits of psilocybin mushrooms, MDMA, and other drugs. “From the opioid crisis to psilocybin’s potential w/ PTSD, it’s well past time we take drug use out of criminal consideration + into medical consideration,” Ocasio-Cortez tweeted.
Last week, Forbes published an article on Redman, a rapper best known for being part of the early crew of Def Jam records — and for his collaborations with massive names in hip hop including Method Man, 2Pac, and Eminem. Redman and Method Man are working on their own cannabis brand. It’s all about helping,” Redman said.
As we head into Pride Month this June, it is a reminder to all of us of the power of inclusion and diversity not just in our own lives, but also in the workplace. Although strikingly different from civil rights, the cannabis industry has had its fair share of trials and tribulations over the years, and as we enter into a new era of legalization and of growth, I call on our leaders to take a stand with me for diversity and inclusion and to set a positive example for generations to come. By honoring pride month, we can look back through our history to see how far we’ve come.
New data compiled by Marijuana Business Daily says that last year Americans spent $10.4 billion on legal cannabis, about the same amount of money that they spent on Taco Bell foods. To help you get some perspective, Taco Bell is the sixth-largest fast food chain in the country. Are people buying weed and then stuffing themselves with Cheesy Gorditas?
Believe it or not, most doctors are ill-informed on the medicinal and therapeutic benefits of cannabis. While marijuana is legal for medicinal use in 34 states and 11 states have legalized adult use, “evidence suggests that many physicians may be unprepared for this reality,” writes Nathaniel Morris, a resident physician at the Stanford University School of Medicine. Published in the highly regarded Journal of the American Medical Association (JAMA) this week, Morris’s op-ed documents how medical institutions have failed to teach clinicians how cannabis could help their patients.
By Brendan Bures New Yorkers love to joke about its little brother New Jersey, ribbing any and all of that state’s shortcomings, but the pair are two peas on a pod when it comes to marijuana reform. Just ...
The Illinois Legislature passed a bill on Friday that legalizes adult-use marijuana businesses. Entrepreneurs who want to start a cannabis business should start preparing now in order to ensure a place in the front of the line. The legislation requires the Department of Agriculture and the Financial and Professional Regulation to begin accepting applications for early approval adult use businesses within 60 days of new law’s effective date.
Thanks in part to the NFL’s announcement it would study cannabis as a pain management tool, the intersection of marijuana and professional sports has entered the mainstream as of late. Curiosity abounds on whether the plant could be used in recovery and possibly preventing traumatic brain injuries for professional athletes. With top-level sports leagues like the NBA and NFL still testing and punishing its players for marijuana use, despite players living in legal states and former players admitting to using cannabis, those leagues are being forced to re-examine their stance on cannabis.
Although Las Vegas was set to open a slew of cannabis lounges in the coming months, giving pot consumers a place where they can smoke weed in a social setting, a bill being pushed through the Nevada Assembly could end up delaying this concept. Its success could mean that the millions of tourists that pour into Sin City may have to wait a few years before they have access to the Amsterdam-style consumption areas that many advocates say are needed right now. It was just last week that lawmakers advanced a bill to the state Senate (39-1) intended to create a Cannabis Advisory Commission and Board.
The relationship between marijuana use and PTSD is one of the most confounding topics in science. Every day, conflicting studies come out with opposite claims on marijuana’s safety and uses. It’s safe to say that marijuana as a treatment for veterans suffering from PTSD remains a highly controversial topic.