United States

Synonyms: 
USA
the states
the US
Thu
14
Feb

Cannabis Canada Daily: U.S. House holds initial hearing on cannabis banking bill

U.S. House holds hearing on cannabis banking legislation

Thu
14
Feb

Cannabis stocks climb ahead of congressional hearing on bank access

Cannabis shares were higher Wednesday ahead of a congressional hearing on the obstacles facing cannabis companies when it comes to opening and maintaining bank accounts.

A subcommittee of the Democratic-controlled House Financial Services Committee will meet to hear testimony on the topic at 2 p.m. Eastern time. For now, cannabis companies are unable to hold accounts at federally backed banks, because weed is still subject to a federal ban, another issue that is hampering the development of the sector in those states that have legalized cannabis for medical or recreational use.

Thu
14
Feb

US edibles company seeks entry to Canadian market

Bhang Corporation will host two “educational sessions” on Friday (February 15) and Saturday (February 16). to offer consumers a closer look at the Bhang product line and to familiarize themselves with the best approach to edible product consumption.

“We are excited to bring future Canadian consumers the opportunity to learn more about the benefits and safe usage of our edible products,” Scott Van Rixel, CEO of Bhang, said on Wednesday (February 13).

Thu
07
Feb

3 hemp, CBD stocks flying under the radar

Passage of the U.S. Farm Bill has ended a five-decade-long ban on industrial hemp (defined as cannabis with less than 0.3% THC), allowing nationwide legal hemp production in all 50 states. Importantly, this should allow companies to deduct business expenses against their taxes (IRS Section 280E), which should significantly increase the bottom line of most companies that carry hemp products.

The Farm Bill also lifts restrictions on banking, advertising, and marketing. Hemp/CBD companies will also be able to accept other forms of payment other than cash, including debit and credit cards. Today, we have identified three little-known hemp CBD stocks that have significant upside potential from the passage of the U.S. Farm Bill.

Wed
06
Feb

Cannabis news briefs: No pot shortage in Canada, WHO chills out, cannabis improves autism-related symptoms

Canada’s minister for the Cannabis Act said Wednesday there is plenty of pot to go around. According to an official report, supply increased for the third consecutive month and represented far more inventory than the country is projected to sell in the coming months.

“Building on our considerable experience with medical cannabis, and with 147 Health Canada licensed producers, the data is clear: there remains sufficient supply to meet and exceed existing demand,” read the report.

Wed
06
Feb

Cannabis Beverages: Four stocks quickly disrupting the industry in 2019

Cannabis reform is quickly sweeping across the U.S.

Ten states and Washington, DC have now legalized marijuana for recreational use.

In addition, a total of 33 states have legalized it for medicinal use.

Now, it appears more states are jumping on the cannabis bandwagon, including West Virginia, New Mexico, Minnesota, Wyoming, South Carolina, Kentucky, and Connecticut.

However, that's just one key catalyst for the future growth of cannabis.

Mon
04
Feb

The U.S. won't legalize marijuana in 2019. Here's why.

The legal cannabis industry had itself a year to remember in 2018. Although marijuana stocks were a mixed bag, the weed industry gained validation like never before following the legalization of recreational marijuana in Canada. Rolling out the red carpet for cannabis will mean billions of dollars in added annual revenue, and it demonstrates that the cannabis industry is in no danger of disappearing.

Mon
04
Feb

California's ridiculous marijuana tax calls for drastic action

Few, if any, industries are growing as quickly as legal cannabis. According to a co-authored report from Arcview Market Research and BDS Analytics, global marijuana sales rose to $12.7 billion in 2018, and they're on track to hit $16.9 billion this year, representing 38% growth. By 2022, worldwide revenue is forecast to top $31 billion.

Mon
28
Jan

How the U.S. market could send Aurora Cannabis Inc (TSX:ACB) stock soaring

The United States is a vast and growing marijuana market, both for illicit vendors and, increasingly, legitimate producers. Ever since 2012, when Colorado and Washington took the plunge, U.S. states have been legalizing cannabis at a rapid pace. Although recreational cannabis is only legal in 10 states right now, medical marijuana is legal in 33, making the legitimate U.S. market a sizable one. And with many more states considering legalization, it’s set to grow larger.

Mon
28
Jan

3 pot stocks that benefit if New York legalizes recreational marijuana

The marijuana industry has been growing like a weed for years, but it brought something new to the table in 2018: legitimacy.

Following years of promises from Canadian Prime Minister Justin Trudeau, and months of debate in the Senate, Canada became the first industrialized country to give the green light to adult-use weed in June, with sales officially beginning on Oct. 17, 2018. Rolling out the red carpet for cannabis signifies that this is a valid business model that could potentially make investors very rich over the long run.

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