For New York state, 2018 has brought optimism and some fresh perspective for lawmakers debating the legal status of marijuana. In his Wednesday address regarding the 2018 Executive Budget Plan, Governor Andrew Cuomo (D) delivered remarks on “revenue raisers” – new taxes and fees that can potentially infuse ~$1B into the New York economy. Among several proposals put forth to accomplish this, the Governor made it apparent that he is open to the idea of legalizing recreational use of marijuana as a major revenue generator. Read more
Vermont made history today by becoming the first state to legalize recreational marijuana through a legislative process, as opposed to voter initiative. Vermont Governor Phil Scott (R) signed into law House Bill 511, which makes it legal for adults over 21 to possess up to one ounce of cannabis or five grams of hash, and removes penalties for possession and cultivation of up to two mature marijuana plants and up to four immature plants and home. Read more
2017 has been a tremendous year for the cannabis industry, leaving us with a lot to be thankful for this holiday season. Tax revenue from retail marijuana sales is supporting state infrastructure and education, marijuana arrests are down nationally, cannabis technology companies across all verticals are seeing increased traction and investment, and more Americans than ever are in favor of marijuana legalization and regulation.
Raphael Mechoulam is not a breeder or a seedbank owner, Mechoulam is not either a grower, a businessman or Cannabis advocate, as a matter of fact, the professor does not even use the Cannabis plant himself. Raphael Mechoulam is the scientist who discovered THC, the CBD molecule and the very existence of the Endocannabinoid system. Mechoulam has been studying Hashish and Cannabis flowers in an Israeli lab with a team of scientists over the last 54 years.
Almost ten years ago, bitcoin fueled the dark web, where illegal drugs and illicit goods were sold on the Silk Road black market. Today, blockchain technology could bring much needed transparency, legitimacy, and security to the legal cannabis industry. Here’s how: Read more
While their industry remains illegal on a federal level, many marijuana growers and retailers fear something completely different: Big Tobacco. Large tobacco companies have garnered expertise in lobbying, marketing, and manufacturing that have huge implications for competition within the cannabis industry. With estimated total revenue of $45B Cannabis sales are above both wine and chocolate consumption. Bloomberg Intelligence analyst, Ken Shea spoke of this as “an extremely compelling opportunity for the tobacco companies to look at closely.” Read more
Due to the federal government’s stance on cannabis (schedule I drug), most cannabis business owners operate without access to traditional banking services. A Colorado-based credit union may have the solution. They have created software that allows for secure cannabis banking and are creating a network of financial institutions that are looking to cash in on cannabis banking. Read more
As we passed around spectacular booths with live plants, incredible light designs, or even the classical booth babes… we were attracted by the smell of a particular cheese smell, strange accents and accordeons: We found the French Corner.
So we stopped-by and met with the French Cannabusiness guys, Victor French Touch Seeds was the first one of them.