Even though a clear majority
of marijuana companies mentioned Trump's name, they account for only 4 % of filings where the president's name gets mentioned in a discussion of risk factors, according to Sentieo.
Six
of the marijuana companies filed documents mentioning Attorney General Sessions specifically, who has been outspoken in his opposition to legalized cannabis.
Former House Speaker John Boehner — Nixon's ideological opposite in many ways — announced on Wednesday that he is joining the board
of a marijuana company.
Not exact matches
«There is a material risk that if the Obama era policies regarding cannabis are not followed, our business could end and investors could lose their total investment in our
Company,» wrote The
Marijuana Company of America.
According to data from Sentieo, nearly 75 %
of publicly traded
companies with some stake in the
marijuana industry deemed Trump's election important enough to mention it as a risk factor to their shareholders.
Trump's name shows up in filings
of less than 14 %
of all
companies, but the stakes are much higher for firms that have bet on the federal government taking a hands - off approach to
marijuana policy.
Companies are boosting
marijuana inventory in anticipation
of legal recreational sales in July, and have much more weed than can possibly be sold at this point.
In its 2017 State
of Cannabis report released earlier this year, California
marijuana delivery
company Eaze reported that edible sales have increased as more people learn best practices for proper dosing.
The leader in
marijuana edibles in Colorado, the
company is run by Nancy Whiteman, a 59 - year - old entrepreneur and mother
of two.
The
company has a goal
of his own: finding out if
marijuana can become an effective pain management medicine that replaces opioids.
Brendan Kennedy, the cofounder
of Privateer Holdings, which owns various
marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, says his
companies are expanding abroad while the U.S. Drug Enforcement Agency and the Food and Drug Administration debate whether or not to treat the plant as a medicine or keep it in the same category as heroin.
Back in November 2016, John Hudak, a senior fellow at the Brookings Institution, said that if Sessions became attorney general, he would have the power to rescind the Department
of Justice memos issued under the Obama administration that have allowed
marijuana companies to exist without fear
of DEA raids.
Dozens
of companies selling ancillary products and services in the
marijuana industry were purged from mainstream payment processors like PayPal, Stripe, and Square in January and February.
«I don't think it's realistic for Trump to wage an all - out war against recreational
marijuana,» says Aaron Herzberg
of CalCann Holdings, a portfolio
of cannabis
companies and brands in California.
According to PayPal, Square, and Stripe's terms
of service,
marijuana and ancillary
marijuana companies are banned from using the platforms.
Companies like Quest Diagnostics (DGX), for instance, reportedly tests millions
of urine samples every year and, along with other firms, is ramping up a lobbying push to block
marijuana reform.
He founded his
company Weedmaps, a sort
of Yelp for
marijuana dispensaries, in 2008, and now serves on the board of directors for the National Cannabis Industry Association, the Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as t
marijuana dispensaries, in 2008, and now serves on the board
of directors for the National Cannabis Industry Association, the
Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as t
Marijuana Policy Project and the National Organization for the Reform
of Marijuana Laws, which most people know as NORML and for which he also serves as t
Marijuana Laws, which most people know as NORML and for which he also serves as treasurer.
Even though medical
marijuana is legal in California, cannabis
companies are still at risk
of being shut down because the laws are still being developed.
(In the fragmented, state - regulated cannabis market, it is illegal for
companies to ship
marijuana products out
of state.
When you hear about innovative
companies leveraging hydroponics systems, you might first think
of marijuana growers or urban farms.
No
companies in the U.S. can sell
marijuana products outside
of the state they operate in.)
Look at any category governed by heavy regulations — e-cigarettes, medical
marijuana, drones, wireless services, even unpasteurized milk — and you'll find a trail
of failed also - rans for every
company that's still standing.
Smoke also blanketed huge swaths
of Northern California last week, which presents a more widespread concern for the
marijuana industry, according to Nick DiNicola, whose
company, DiNicola Insurance Services, brokers insurance for
companies in the cannabis space.
Although selling
marijuana is now legal in 24 states and the District
of Columbia, doing business as a legal
marijuana company is a logistical nightmare.
Tamar Maritz, regional director for California at
marijuana data insights
company BDS Analytics, said Californians could expect to see prices rise as much as 10 to 20 % in the aftermath
of the fires.
The software connects to the cannabis
company's point -
of - sale system as well as the state's seed - to - sale system, which follows
marijuana plants from the grow house until they're sold to a customer, to monitor the business and ensure compliance.
The organic soap and body care products
company, which uses hemp and hemp oil in many
of its products, announced it will financially support organizations working to legalize
marijuana in five states
Aside from technology, the
company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for cannabis sales online and in stores as part
of its plan to be the province's sole distributor
of legal recreational
marijuana.
The announcements Wednesday sent shares
of the
company, which produces and distributes medical
marijuana, down as much as 30 per cent on the Canadian Securities Exchange to $ 1.70 per share from Tuesday's closing price
of $ 2.49.
Tradiv is in the process
of partnering with Hypur, a software system that audits
marijuana companies to help persuade banks to accept high volumes
of cash from the industry.
CreditCards.com (2013) reported, «nearly all banks and credit card
companies, reluctant to run afoul
of federal drug and banking laws that remain on the books, refuse to do business with even state - licensed sellers
of marijuana.
Lynwood will become «one
of the first large - scale cultivation and manufacturing opportunities in L.A. County,» Aaron Herzberg, who helps
marijuana businesses find real estate through his
company CalCann Holdings, told L.A. Weekly.
Claim: The defendants accuse Bhakta
of smoking
marijuana on
company premises while conducting business.
But the
company is also developing products that use pharmaceutical cannabinoids, a synthetic version
of marijuana.
Brendan Kennedy, the cofounder
of Privateer Holdings, which owns various
marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, explains how Tilray is already exporting
marijuana to countries like Croatia and Australia for use in clinical trials.
Tied for the largest single donation to Arizonans for Responsible Drug Policy, the campaign against the state's recreational
marijuana proposal, was $ 500,000 from Insys Therapeutics, a pharmaceutical
company known for selling the painkiller fentanyl in the form
of a sublingual spray.
The
company has signed up about a third
of the roughly 200,000 medical
marijuana customers in Canada, and Linton said he expected some 3 million Canadians to use legal non-medical pot next year.
And proponents say they're already hitting such speed bumps, including municipalities that have confined
marijuana companies to tiny industrial districts on the edge
of town, or have implemented large buffers around schools and day cares that, drawn out on a map, cover nearly all
of their territory.
Marijuana companies will be banned from a majority
of cities and towns in Massachusetts when recreational sales begin this summer, a Globe review has found, the latest indication that there will be fewer pot stores in the early going than many consumers expected.
Second Cup's
marijuana move — which is only a small part
of its overall strategy, according to Bregman — is the latest in a string
of attempts to turn the struggling
company around, including everything from store redesigns to management shuffles.
Myclobutanil, a chemical that is also prohibited for use on legal cannabis in Colorado, Washington and Oregon because
of health concerns, was found in product recently recalled by Mettrum Ltd., a Toronto - based medical
marijuana company.
He switched to Greenito, a Denver - based
company that sells a form
of voucher to customers who use it as credit at participating
marijuana dispensaries.
The quarterly dip was driven in part by increased expenses, some
of which the
company said were tied to preparations for Canada's coming recreational
marijuana market, which the federal government has aimed to legalize by July 2018.
The administration's remarks also took a toll on shares
of Innovative Industrial Properties, which invests in
marijuana - growing facilities and is one
of the few publicly traded cannabis
companies.
The comments have set off alarm bells for Chuck Smith, co-founder
of Dixie Brands, a Denver - based
company that manufactures tinctures, topicals and treats infused with THC, the active ingredient in
marijuana.
Canopy Growth Corp. reported Tuesday that it took a $ 1.6 - million loss in its fiscal second quarter, a slip that comes as the Smiths Falls, Ont. - based medical
marijuana company gears up for Canada's planned legalization
of recreational cannabis and basks in a ground - breaking deal with a U.S. - based beer giant.
Legal
marijuana was the fastest growing industry in the country last year, but since most large
companies won't associate themselves with the plant, there's an unusually diverse set
of opportunities to develop products and services.
Surterra, one
of seven
companies licensed to distribute medical
marijuana in Florida, is opening a dispensary in South Beach.
The former House speaker announced his views on cannabis had evolved and, in support
of legalization, he was joining the board
of directors
of New York - based
marijuana company Acreage Holdings.
new innovation in the past and has gone ahead
of other exchanges, listing new startups in the cryptocurrency and blockchain sectors as well as new medical
marijuana companies.