California Passes Law That Enables Cannabis Employees To Unionize More Easily

California Gov. Gavin Newsom signed a new law that requires cannabis dispensaries to allow employees to form a union if they want to obtain a state license, according to GreenRushDaily. Read more

Hemp Licenses Issued by State 2019

The 29 U.S. states having reporting licensed hemp cultivation acreage total nearly half a million acres in combined cultivation land area, a massive increase over 2018’s combined U.S. total of just over 100,000 acres. Read more

Cannabis Funding: Holistic Industries Raises $55M

The vertically integrated cannabis company Holistic Industries announced Thursday that it has closed a $55-million funding round. The company began operating on the East Coast, and soon after reached Midwest and West Coast, with business in Maryland, Michigan, Washington D.C., California and Pennsylvania. Read more

Mexican Senate Leader Says Marijuana Will Be Legalized This Month

There are numerous pieces of legalization legislation already on the table, but Sen. Ricardo Monreal of the MORENA party said his chamber is nearly done crafting a new reform bill that will be the product of weeks of public forums and open-session debates. Members of the other half of Mexico’s legislature, the Chamber of Deputies, will be invited to weigh in on the bill. Read more

Pennsylvania Governor Comes Out In Support Of Marijuana Legalization

Pennsylvania Gov. Tom Wolf (D) said on Wednesday that he now supports legalizing marijuana, and he called on the legislature to “seriously debate” passing legislation to that end while also taking more immediate steps to decriminalize possession of cannabis and expunge prior records. Read more

Analysis: German Sales Of Insured Medical Cannabis Soar In Second Quarter

Sales of medical cannabis covered by insurance continue to increase in Germany, reaching new highs in the second quarter, according to newly released data. The steady growth in sales in the world’s largest importer of medical marijuana is a good sign for the global industry, and it comes as several countries are gearing up to start large-scale MMJ exports. Read more 

One Year Later: How Every Major Cannabis Stock Has Performed Since Canadian Legalization

Oct. 17 marks one full year of legalized cannabis in Canada — and the road to this moment could have been smoother. “Canada’s rollout of legalization has been hampered by a number of things,” Alan Brochstein, author of 420 Investor, said this week on Benzinga’s PreMarket Prep show. Read more

Mile High Labs Acquires State-Of-The-Art Pharmaceutical Facility in Broomfield, Colorado

Mile High Labs, the largest manufacturer of CBD isolate in the world, today announced the purchase of a 400,000 square foot pharmaceutical production facility in Broomfield, Colorado. The transaction was closed on June 19 and includes the land, labs, building, and ready-to-use finished products manufacturing equipment. Read more 

New Report Says CBD Sales Could Surpass $1B In 2019, $10B By 2024

A new report produced by the editors of Hemp Industry Daily says retail sales of CBD in the United States are on track to surpassing $1 billion in 2019. This would imply 133% growth over 2018 sales. Read more 

Tobacco Farms Cashing In On CBD Craze

More farmers are planting hemp as the popularity of the crop continues to grow. NBC’s Kerry Sanders reports for Weekend TODAY. Read more

U.S. Hemp Farmers Are Leaving Canada In The Dust

Struggling American family farms are praising a cash crop worth more than US$45,000 per acre. According to projections by market research firm Brightfield Group, the hemp-derived CBD boom isn’t cropping up nearly as much attention in Canada. Read more 

Investors Are Pouring Money Into Marijuana Software. Here’s the Latest Startup to Get Funding

“During the gold rush it’s a good time to be in the pick and shovel business,” Mark Twain reportedly said. That’s certainly true in the modern gold rush that is the cannabis industry, where it’s not just weed sellers seeking a fortune but also the companies that supply them. Read more

Paraguay Will Start Producing And Selling Marijuana For Medical Purposes

2% of all received marijuana will go to the Ministry of Health, after that patients in need will get it for free. In particular, the drug will facilitate the condition of patients with epilepsy and Parkinson’s. In 2017, a law launched a national program in Paraguay. The program is about the use of cannabis herb and its derivatives for medical purposes. At the same time, the State began to procure cannabis oil for medical purposes. Read more 

UK Farming Union Urges Growing Hemp For Building Materials