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(Reuters) — The U.S. cannabis business has a very particular cashflow problem — too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia for medical use and in 15 of them and in D.C. for recreational purposes. But it's still illegal on a federal level, meaning most banks won't service the industry in case they fall afoul of money laundering laws. With the Covid-19 pandemic and increasing legalization driving a surge in cannabis use, the sector's producers, manufacturers and retailers are awash in cash, adding risk and costs to the most basic busin...

February 1, 2021 By Chloe Aiello Supermodel-turned-entrepreneur and philanthropist Kathy Ireland launched her long-awaited line of CBD infused wellness products. Ireland said she hopes the line of serums, butters, and rubs will offer consumers some much-needed self-care amid the ongoing COVID-19 pandemic. "Our products, while they're beauty products, we really look at them as health care," Ireland told Cheddar. "In the time of COVID, what people are calling beauty, we consider this really to be personal care." The kathy ireland Health & Wellness CBD Solutions line, announced in May 2020, laun...

New York is finally expected to legalize cannabis in 2021 as Gov. Cuomo goes all in MarketWatch 1/26/2021 CANNABIS WATCH If the third time really is the charm, then 2021 will be the year that New York finally legalizes cannabis for adult recreational use, creating a major market that’s expected to help invigorate the push for an end to federal prohibition. New York Gov. Andrew Cuomo’s efforts to legalize have been thwarted for the past two years by lawmakers who could not agree on legislation that would ensure the inclusion in a new legal sector of those communities that suffered dispr...

By Reuters Staff 2 Min Read (Reuters) - Shares of HempFusion Wellness Inc rose 50% in their debut on the Toronto Stock Exchange on Wednesday, giving the hemp-derived health and wellness products maker a market value of about $176 million. The hot debut could set the tone for a wave of cannabis companies eyeing initial public offerings this year in the United States and Canada. The companies hope to cash in on renewed investor interest after the coronavirus pandemic created massive demand for cannabis’ relaxative properties. Hemp-based health products maker Vertical Wellness told Reuters in ...