Policy


Square Launches Beta Program for CBD Retailers

May 24th, 2019 - Ryan Allway

Cannabidiol, or CBD, has become increasingly ubiquitous in health food stores and online shops since the 2018 Farm Bill removed hemp from the Controlled Substances list. But, one of the most popular payment processors used by smaller merchants was unwilling to support CBD products — until now. Square recently launched a pilot program to accept […]

Legalization Momentum Falls Short in Critical States

May 23rd, 2019 - Ryan Allway

Cannabis legalization received widespread support during the last election cycle, but in many states, efforts have been delayed or canceled for this legislative session. States like New York, New Jersey, and Illinois have Democratic legislatures and widespread public support for legalization, but the proposals encountered a lot of pushback and time is running out to […]

Study: CBD Could Capture Nearly Half of the $45 Billion Cannabis Industry by 2024

May 22nd, 2019 - Ryan Allway

Cannabidiol, or CBD, the non-psychoactive component of the cannabis plant, could generate upwards of $20 billion in annual sales by 2024, according to a new report by BDS Analytics and Arcview Market Research, capturing nearly half of a wider market that’s expected to reach $45 billion. “We’re witnessing CBD maturing from a cannabis sub-category into […]

Cannabis Startups Could Draw Over $2 Billion in Venture Capital in 2019

May 21st, 2019 - Ryan Allway

Venture capitalists have already invested more than $1.2 billion into U.S. cannabis startups in 2019, according to PitchBook data, which already surpasses the $836 million invested in 2018. At this rate, Tech Crunch’s Kate Clark believes that investment could hit $2.5 billion this year. There are many different catalysts behind these trends. The most obvious […]

The Cannabis Industry is (Quietly) Becoming a Massive Job Creator

May 20th, 2019 - Ryan Allway

Cannabis may not be federally legal in the United States, but Leafly’s 2019 Cannabis Jobs Count suggests there are more than 211,000 full-time workers in the industry and nearly 300,000 workers when including indirect jobs, such as lawyers, accountants and other professionals helping cannabis businesses. Let’s take a closer look at these dynamics to see […]

This City Looks to Become the ‘New Amsterdam’

May 17th, 2019 - Ryan Allway

Las Vegas will become one of the few municipalities in the country to license cannabis consumption in lounges — a move that could transform the city into the ‘New Amsterdam’. The Las Vegas City Council recently approved an ordinance that authorizes the so-called ‘social use venue’ licenses. Under the new ordinance, existing licensed cannabis businesses […]

Why Canada’s Cannabis Shortage Could Get Worse Before It Gets Better

May 14th, 2019 - Ryan Allway

Canada announced new requirements for aspiring licensed producers earlier this month that could worsen the cannabis shortage by constricting supply over the coming years. The new regulations require applicants for cannabis cultivation, processing, or sales licenses to fully build out their site before they apply. With more than 600 applications in its queue, the new […]

New Cannabis Study Points to a Surprising Trend in Edibles

May 13th, 2019 - Ryan Allway

A new study found that fewer Canadians are interested in trying cannabis edibles compared to a year ago — a troubling development for many companies that hedged their bets on edibles prior to their legalization in October of this year. The Dalhousie University survey found that only 36% of Canadians said they would purchase cannabis-infused […]

Big Banks Snub Cannabis Banking Bill

May 10th, 2019 - Ryan Allway

The SAFE Banking Act is making its way through the legislative process, but many big banks still plan on avoiding cannabis clients, according to a Wall Street Journal report. In fact, no major bank publicly supports the bill’s passage and any content between Congress and the bill were initiated by Congress. While the SAFE Banking […]

Lookout Canada: This Country Is Quietly Becoming a Leading Supplier of CBD

May 9th, 2019 - Ryan Allway

Canada has become the de facto leading producer of cannabis after legalizing recreational and medical use on a federal level. With several billion-dollar cannabis producers, the country is leveraging its position to export to the United States, Europe, Australia and other key markets. But, Canada’s cannabidiol (CBD) producers could see some competition in the near […]

These Are Jefferies’ Top 5 ‘Buy’ Rated Cannabis Stocks

May 8th, 2019 - Ryan Allway

The analyst firm, Jeffries, began coverage of the cannabis sector earlier this year. Analyst Owen Bennet believes that the legal cannabis industry could reach $50 billion per year over the next decade, which marks a significant improvement from the $17 billion expected this year. Under a ‘realistic’ bullish case, he estimates that the industry could […]

This Marijuana Sub-Sector Will Grow from ‘Negligible Revenue’ to $260 Million by 2022

May 7th, 2019 - Ryan Allway

There’s no doubt that the cannabis industry has experienced tremendous growth over the past several years. In fact, Grand View Research projects that the global market will grow at a 34.6% annual growth rate to reach $146.4 billion by 2025. But some sub-sectors of the cannabis industry are growing faster than others. Cannaccord analyst Bobby […]

What is the Cannabis Control Commission?

May 6th, 2019 - Ryan Allway

Back in 1969, a full 84 percent of Americans felt that marijuana should remain illegal. As the benefits of this plant became more apparent – and fear-based propaganda diminished – public perception completely reversed. In fact, two-thirds of Americans now believe weed should be legalized. This explains why Massachusetts residents voted to decriminalize marijuana, and […]

How and Where to Buy Medical Marijuana in Arkansas

May 6th, 2019 - Ryan Allway

Arkansas passed the Arkansas Medical Marijuana Amendment in November of 2016, but regulations and licensing have been slow to roll out. The first medical marijuana sales in the state did not begin until May of 2019, and before this time even medically licensed patients did not have a place to legally purchase marijuana in the […]

Medical Marijuana in Ohio: What You Need to Know

April 22nd, 2019 - Ryan Allway

Ohio became the 25th state in the country to legalize marijuana for medicinal purposes with the passage of House Bill 523 in June of 2016. But actual sales only started in the beginning of 2019. Recreational marijuana use remains illegal, although 2020 legislation may change that and possession of up to 100 grams has been […]

Everything You Wanted to Know About CBD & Hemp, But Were Afraid to Ask

April 16th, 2019 - Mark Collins

San Diego Cannabis Industry Association (SDCIA) shines some southern California sunshine on the vexing issue of Cannabidiol (CBD). From left to right. Patrick Murphy from the Law Office of Kimberly R Simms; Kelly Hayes from Greenspoon Marder, Josh Swider from Infinite Labs, at the San Diego Cannabis Industry Association. (Photo Author’s Own). When President Trump signed the 2018 […]

Marijuana in Michigan: What You Need to Know

April 15th, 2019 - Ryan Allway

While recreational marijuana use legalized in Michigan in 2018, legal frameworks are not expected to be complete until 2020. The state has had a medical marijuana landscape in place since 2008 however, so a thriving dispensary scene is already in place. In this article, we will look at the prevalence of cannabis use in Michigan […]

6th Annual NoCo Hemp Expo Brings Sold Out Crowd to Denver

March 31st, 2019 - Rachelle Gordon

The signing of the Farm Bill in late 2018 opened the floodgates for the hemp and CBD industry. According to analysts, this booming space will be valued at a whopping $10.6 billion within six short years. At the recent NoCo Hemp Expo in Denver, Colorado, a sold out crowd of 10,000 entrepreneurs, thought leaders, and […]

Marijuana in Minnesota: What You Need to Know

March 25th, 2019 - Ryan Allway

Cannabis legalization has been sweeping the United States, but the Midwest has been slow to change. Minnesota’s marijuana laws and medical marijuana program are somewhat progressive, but the legalization of recreational marijuana in the state won’t occur until 2020 at the earliest. In this article, we will take a look at Minnesota’s marijuana laws, recreational […]

What is the Ending Marijuana Prohibition Act?

March 22nd, 2019 - Bethan Jenkins

The Ending Federal Marijuana Prohibition Act of 2019 was filed by Reps. Don Young (R-AK) and Tulsi Gabbard (D-HI) on Thursday, March 7, 2019. Created to catapult cannabis into the mainstream market, the bill boasts a total of 39 co-sponsors, the names of whom you can view here. In addition to normalizing cannabis consumption and […]

Does The European Parliament Vote On Medical Cannabis Mean Anything?

March 20th, 2019 - Marguerite Arnold

It is easy to be cynical about the impact of international bodies on things like cannabis reform. First of all, such decisions are never fast – certainly not when shaking off policies that have been part of the lexicon since such organizations were founded. In the case of both the UN and the European Parliament, […]

Boston’s Marijuana Market: What You Need to Know

March 20th, 2019 - Bethan Jenkins

Every September, Bay Staters from all areas of Massachusetts gather in Boston for the annual Freedom Rally. Boston’s biggest event promoting cannabis legalization has helped steer Massachusetts in the right direction, what with residents voting to legalize the recreational use of cannabis for people aged 21 and older back in 2016. The law legalizing recreational cannabis in […]

What is the SAFE Act & How Will It Impact Cannabis?

March 19th, 2019 - Kelly Weimert

Despite marijuana’s growing legality at the state level, the fact that it’s still illegal at the federal level poses major problems for both the banking and marijuana industries. The Problem With Cash-Only Cannabusinesses Federal illegality means that most banks are unwilling to perform transactions with marijuana businesses for fear of federal prosecution for crimes such […]

Who is Raphael Mechoulam & Why Is He Known as the Godfather of Cannabis

March 18th, 2019 - Bethan Jenkins

Giving someone credit for unearthing the cannabis plant’s medicinal powers is like trying to name the person who invented chocolate. Our ancient ancestors have been using weed to treat a whole host of ailments and medical conditions for thousands of years. Way back in 4,000 BC, weed was considered one of the “five grains” in […]

What is the Marijuana Justice Act?

March 13th, 2019 - Kelly Weimert

The Marijuana Justice Act was first introduced by 2020 presidential hopeful, Senator Cory Booker (D-NJ), in August of 2017. The bill is designed to federally decriminalize marijuana while promoting restorative justice for populations that are disproportionately affected by cannabis prohibition, such as people of color and low-income communities. Changes That the Marijuana Justice Act Would Enact […]

Where Innovators Meet Investors—The Annual Emerald Scientific Conference

March 11th, 2019 - Mark Collins

Sunny San Diego hosted this year’s 5thannual Emerald Scientific Conference – one of the industry’s marquee events.  The Emerald Conference is a highlight in the increasingly crowded cannabis events calendar. This year’s conference was again San Diego where it has resided recently since the conference’s original inception in San Francisco in 2015. CFN Media caught up with […]

CannaVest: NCIA’s Institutional Capital Forum – Critical for Both Investors & Operators

February 11th, 2019 - Ryan Allway

Cannabis conferences are a great way to keep up with the latest industry trends and make valuable industry connections. While there are many different conferences to choose from, NCIA’s Seed to Sale Show has become a staple among cannabis professionals every year. Register for Seed to Sale Show Use Code CFN15 to Save 15% Prices […]

WHO (Barely) Moves The Needle On Cannabis Reform: But What Does This Really Mean For Investors?

February 8th, 2019 - Marguerite Arnold

The World Health Organization (WHO), the UN’s medical body, essentially, has issued its latest recommendations on how to deal with cannabis. The report, cautious and delayed since December, essentially states the obvious. Particularly given how many member states (and not just in the Western Hemisphere, let’s not forget) are jumping into the global cannabis market […]

Everything You Need to Know About the STATES Act

February 5th, 2019 - Kelly Weimert

In January of last year, then-Attorney General Jeff Sessions, someone with a long record of opposing marijuana, rescinded the Obama-era Cole Memo. The Cole Memo essentially stated that the federal government would take a laissez-faire approach to enforcing federal marijuana laws in states where cannabis is legal. In response to this move by Sessions, Democratic Senator […]

Understanding The European Cannabis Industry

February 5th, 2019 - Marguerite Arnold

Europe as a medical cannabis market is opening in 2019. That is an easy prediction to make given all that is afoot. The European Parliament is debating the issue. That in itself is also pushing the UN. Individual countries across Europe have begun to make declarations, even if not so definitive as Luxembourg (see Switzerland, […]


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