Arizona, home of the first U.S. FinTech Sandbox, has admitted another cryptocurrency startup into the program that is designed to ease regulatory burdens for entrepreneurs in the financial technology space. According to a statement released by Attorney General of Arizona, Mark Brnovich, ALTA becomes the seventh firm to be inducted into the regulatory sandbox. On its website, ALTA describes itself...
Cannabis stocks got a boost this week after the US Food and Drug Administration announced it would expedite creating a regulatory framework for CBD. CBD is the non-psychoactive ingredient in cannabis, which allegedly has wellness properties, and can treat a range of various conditions, including pain management. The FDA and CBD Regulation Is All Boxed Up However, the Food and Drug Administration...
By CCN: People have long anticipated the legalization of marijuana, long before 'crypto' became a buzzword. Over 25 states currently have some form of legalization, with several already moving onto full recreational legalization. A similar process played out during the end of alcohol prohibition in the United States. States, one by one, made alcohol legal again. Eventually, a constitutional...
By CCN: Health Canada is fed up with issuing cannabis growing licenses that weren’t actually being used to grow cannabis. As a result, new applicants looking to sell, produce, or process cannabis must already have a complete and compliant facility. The rush to cash in on legalized cannabis, and the ease with which Health Canada licenses could be obtained, led to more than 100 applicants rushing...
By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: "There's something in everybody's mind in the world practically about Coca...
By CCN.com: The widespread adoption of blockchain is taking longer than expected. The slow recovery pace of the cryptocurrency industry is forcing blockchain investors to look for alternative sources of revenue to keep their business afloat. Some blockchain investors are now turning to cannabis to diversify their revenue stream. Tough times call for greener solutions Hong-Kong listed blockchain...
It’s been a great year for cannabis stock investors, but cannabis short sellers are getting burned.
Not only are short sellers enduring heavy paper losses as cannabis share prices surge higher, a new report by financial technology and analytics firm S3 Partners suggests the fees to maintain open short positions are on the rise.
Arcadia Biosciences Inc.’s share price surged 61 percent while trading on the Nasdaq Thursday after the agricultural biotech firm announced plans to dive into the hemp industry. The company’s core business area is producing food ingredients made from wheat and soybeans. The company is jumping into the cannabis space as “with an initial focus on the hemp market,” according to a news release...