Investment Opportunities Grow As Cannabis Expands Into New Consumer Markets

For years, friends and family and angel investors were the primary funding sources for cannabis ventures, as only those closest to the industry were willing to take the risks that came with investing in a sector that, while increasingly legal at the state level, was (and is) still illegal federally in the United States. While those early investors continue to be important, we’re starting to see more institutional investors make moves into cannabis. Read more

Tilray To Acquire Cannabis Retailer FOUR20

FOUR20 is a Calgary, Alberta-based cannabis retail operator serving the adult-use cannabis market. The company runs six licensed retail locations and has 16 high-traffic locations in Alberta. Per the agreement Tilray will pay up to CA$110 million ($82.7 million) in the form of CA$70 million in Tilray Class 2 common stock at closing and $40 million in common stock, the company said in a press release. Read more

Industrial Hemp: My Thoughts And Ideas

As I drove home from the South Dakota State Fair in Huron, after attending the Industrial Hemp Panel put on by the South Dakota Farmers Union, I started to go over the past three to four years of the same-old, same-old argument on why South Dakota should wait and NOT legalize industrial hemp in our state. Read more

Feds To Propose Boost In Marijuana Quota For Research, Cut To Opioid Manufacturing Limit

Federal drug enforcement officials want to boost the amount of marijuana that can be legally produced for research in the United States while cutting the number of opioids that can be manufactured in the country. Read more

NCUA Issues Hemp Banking Guidance

Congress passed the Agricultural Improvement Act of 2018 (2018 Farm Bill), amending the Farm Bill which was originally passed in 1933 and has been renewed by Congress every five years. The 2018 Farm Bill included the Hemp Farming Act of 2018 which distinguishes hemp from other cannabis plants such as marijuana. Under the 2018 Farm Bill, hemp is no longer a Schedule I drug under the Controlled Substances Act. Read more

USA 2019 Hemp Season A Stunner

VoteHemp estimates 230,000 acres will have been actually planted and as for what will be harvested, it’s making a guesstimate of 115,000 – 138,000 acres. But being a relatively new crop in recent times, issues such as seed availability and lack of experience play a role in the big difference in numbers. Read more