Hemp and Cannabis News

March 29, 2019

Among the bills scheduled for markup by the U.S. House Committee on Financial Services is the Secure and Fair Enforcement (SAFE) Banking Act, which would provide federal protection for banks serving state-legal marijuana businesses. The legislation, which has been dorm...

March 27, 2019

Exclusively from our Test Kitchens CBD Chili Powder-Mexican Chocolate Cookies; takes 35 minutes and with the receipt creates 12 to 14 hot and tasty cookies.

INGREDIENTS
1¾ cups all-purpose flour
⅓ cup unsweetened Dutch-process cocoa powder
2 tsp ground chili powder
1...

March 26, 2019

Our "Wait 'til After the Election" article of March 22nd rung true.  After months of intense debate and lobbying from both sides, legislation that would have legalized adult-use cannabis in New Jersey failed.  Gov. Phil Murphy, a Democrat who campaigned hard on legaliz...

March 25, 2019

Signed into federal law, the Agriculture Improvement Act of 2018, better known as the 2018 Farm Bill, includes numerous programs and policy changes, not all of which are related to agriculture. Legalizing hemp had bipartisan support in both the House and Senate.  Hemp...

March 22, 2019

With Evalon closing its CBD merchant accounts, what’s next for the uncertain Evalon, a subsidiary of U.S. Bank? Today, the institution pulled out of all CBD business accounts.

Evalon had  quietly began offering merchant services to hemp-derived CBD businesses last fall...

March 22, 2019

March 25th is legal weed vote day for the bill that was endorsed by the Assembly Appropriations and Senate Judiciary committees. Based on our SP+GTM algorithm tacking such events, it appears likely not to pass in its current form.  Meanwhile, Governor Murphy wants it n...

March 21, 2019

Legal adult use marijuana is still new, but enough history has transpired to access the data and reach certain conclusions. With the support of our proprietary SP+GTM algorithm, a subset of programs has determined specific findings from Colorado that can be applied for...

March 21, 2019

Cannabis companies are growing revenue but still losing lots of money. Our SP+GTM algorithm has flashed that signal since 2014, and the red light is getting brighter. Recent numbers from Tilray, Canopy Growth, and Aurora Cannabis have led to significant stock price dec...

March 20, 2019

A full-committee vote will happen in the next two weeks from efforts by the House Financial Services Committee, led by Rep. Maxine Waters (D-CA). Originally convened on the February 13th, the subcommittee has jump-started the process to move the marijuana banking bill...

March 19, 2019

Tilray Inc. (TLRY) trading lower ($70.75 - $1.75 posted a wider-than-expected fourth quarter loss, even though sales nearly tripled in a growing global market for medical marijuana.

TLRY said earnings for the three months ending in December were pegged at a net loss o...

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