I’m often asked to comment on whether or not cannabis will ever truly attain the status of a commodity. While the answer has generally been yes, we have a ways to go. 

First of all, it’s necessary to understand what exactly a commodity is. For our purposes, and in the context of cannabis, we’re talking about a raw material or primary agricultural product that can be bought and sold. Modern examples of commodities include copper and coffee.

A commodity is a raw material or primary agricultural product that can be bought and sold.

Will These Pot Stocks Make Big Gains Next Year?

Investors pinning hopes on cannabis-infused drinks to propel growth of the legal marijuana industry may have to wait a bit longer, as companies struggle to produce and distribute the highly-sought beverages in a profitable way.

Nearly eleven months after regulators allowed their sales, very few brands have been able to reach shelves.

Canada at the start of this year allowed sales of so-called Cannabis 2.0 products, which include edibles, vapes and drinks. The products have been a big hit with customers during coronavirus-induced lockdowns, but producers have struggled to maintain timelines for the launch of the THC beverages.

The pandemic has made more people open to experimenting with alternate health and wellness remedies.

Will These Pot Stocks Thrive on November 3rd?

Politico recently noted that the hemp industry “hasn’t panned out” and that hemp hype has died down. This assertion is naive at best. The article noted that: (1) the USDA had only approved 29 out of 41 submitted state hemp plans; (2) the numbers of acres planted are down; (3) many states had not submitted plans to the USDA; (4) the lack of FDA movement on permanent CBD guidelines.  

Canadian actor Seth Rogen, who recently launched his own cannabis brand in partnership with Canopy Growth, believes that the Canadian government should reconsider its strategy against combating the black market for marijuana.

In an interview with The Canadian Press, the Pineapple Express star described Ottawa’s current efforts as “not incredibly helpful if their actual goal is to destroy the black market.”

According to Rogen, people have less incentive to sell weed legally due to the complex and expensive procedure for setting up dispensaries. 

The United States cannabis industry is poised to grow exponentially. Many states have approved or decriminalized medical cannabis use; several have legalized recreational use. Only a few states have been legislatively silent about public use of cannabis. It is likely some of these holdout states soon will further decriminalize cannabis.

As a result, investment in cultivation and processing facilities has mushroomed. In some respects, the industry resembles a gold rush. Fledgling and mature companies and entrepreneurial individuals are aggressively staking claims on new cannabis-related products and businesses. As in other evolving industries, entrepreneurs would be wise to consider how to protect their market position as a part of prudent due diligence.

Harvesting the crop is a straightforward business, but there are a few things to know before you start the process.

The Harvest

Before beginning, prepare a good, strong elixir of equals parts chilled vodka and water. The vodka (cooled to zero degrees celsius), will shock the roots into closing up and will actually make them stop functioning. This is exactly what you want, since the goal is to dehydrate the plant.

Cannabis is legal to buy in Ontario, but there still is an illegal element that exists.

Provincial Police say they seized over $143 million in pot from 52 large-scale illegal operations around the province this summer.

More than 122,000 cannabis plants were seized, with 7,000 coming from one site alone.

Detective Inspector Jim Walker says some were found in rural parts, including agricultural land, former farms or greenhouse facilities.

Walker adds some of these operations are used to fund other illegal activity such as the production of harder illegal drugs and human trafficking.

He notes says those buying the illegal variety may be getting more than what they bargain for.