Author: Kevin Huhn

Business

Hemp industry sees rising yields, prices after sharp declines

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[ad_1] Is the U.S. hemp industry experiencing a turnaround? After years of wild fluctuations for domestic hemp growers, prices and acreage in many states are stable or growing, according to the National Hemp Report released Wednesday by the U.S. Department of Agriculture. It was a welcome development for an industry that has known little stability since Congress legalized hemp in 2018. “There was the big boom, then the big falloff, and this year everything is sort of leveling out,” said Joshua Bates, a USDA statistician who wrote the National Hemp Report – the first version since the agency added hemp…

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MJBizDaily closed for US, Canada holidays

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[ad_1] MJBizDaily is not publishing today in commemoration of Presidents Day in the United States and Family Day in Canada. MJBizDaily closed for US, Canada holidays is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs [ad_2] Source link

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Business

Rescheduling marijuana would liberate plant-touching firms from Section 280E

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[ad_1] (This story is part of the cover package in the November-December issue of MJBizMagazine.) As the co-founder and CEO of Capitol Wellness Solutions in Baton Rouge, Louisiana, Randy Mire runs one of only 10 companies awarded a license to sell medical marijuana in the southern state. A change in state law that went into effect last year means the number of dispensaries – or pharmacies, as Louisiana’s brick-and-mortar marijuana retail locations are called – allowed in the state might triple. As for the ability to pay less in taxes to the federal government and retain more capital to scale his business, Mire might…

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Business

Minnesota adds ‘fast-acting’ medical marijuana delivery method

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[ad_1] Minnesota medical marijuana dispensaries might get a boost next August, when they’ll be allowed to sell ” fast-acting” dry herb vaporization products. The delivery method was approved Thursday by the state’s health commissioner, according to a news release. Dispensaries may sell dry herb vaporization products beginning Aug. 1, 2024. The new method will join three other fast-acting options in the state’s program: Combustible smoking. Oil-based vaporizers. Sublingual tinctures. Despite the Minnesota MMJ industry’s victory with the dry herb vaporization approval, the state health department’s Office of Medical Cannabis “rejected petitions for plants, concentrates, oil and weed nuggets, and rosin…

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Business

Sahani replacing Dumas de Rauly as CEO of The Blinc Group cannabis vape maker

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[ad_1] There’s a change at the top for The Blinc Group, a cannabis vape manufacturer based in New York City. Pete Sahani, who has been Blinc’s chief operating officer since 2022, will succeed Arnaud Dumas de Rauly as CEO, effective Dec. 1, according to a news release. Dumas de Rauly, who co-founded Blinc in 2017 with current Chief Innovations Officer Sasha Aksenov, will remain with the company as chief experience and science officer and as a board member. In his new role, Dumas de Rauly will focus on growing the company through strategic partnerships and innovation. According to the release,…

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Business

Regulator’s goof could adversely affect Georgia’s medical marijuana operators

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[ad_1] Dispensary owners in Georgia’s low-THC medical marijuana program have far fewer customers to serve than anticipated after state health officials said they dramatically overstated the number of patients in the program. After previously reporting there were 50,000 MMJ patients in the state, the Georgia Department of Public Health is now saying that number is only about 14,000, according to Atlanta TV station WXIA. Officials told WXIA that the mistake was made because the state MMJ system included: Expired patient registrations. Duplicate cards. Patients counted as caregivers. Roughly 3,400 patients who had died but not been removed from the registry.…

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