News and Trends / week in weed

Video: This Week in Weed (August 20-24)

The Feds grow more weed, Wells Fargo says no-go to cannabis-friendly politician, and where to find the cheapest weed in the country!
Entrepreneur Staff
Network Editor at Entrepreneur.com
2 min read

Welcome to Green Entrepreneur's video recap of the cannabis news you might have missed this week, hosted by our dope correspondent Conrad Martin.

Wells Fargo gives Floridian candidate the boot

Wells Fargo closed the campaign account of Florida agricultural commissioner candidate Nikki Fried this week. Fried openly received campaign contributions from medical marijuana lobbyists, which the bank said violates federal marijuana laws.

Related: 5 Routes the Cannabis Industry Could Take to Get Around Federal Banking Restrictions

The DEA wants to grow more weed

In a move that made Jeff Sessions recuse himself from punching a wall, the Drug Enforcement Agency has upped its quota for the amount of cannabis that can be grown legally in the U.S. this year. The agency originally proposed 978 pounds, but this has been upped to 2,500. To make Sessions and his anti-legalization posse even angrier, the DEA proposed a quote of 5,400 pounds in 2019. 

Oregon likes its weed plentiful and cheap

If you want to buy the cheapest weed in the country, head to Oregon! Last fall's outdoor harvest yielded such an oversupply that prices are as low as $398 a pound. Not all silver linings, as the low prices are leaving some growers to die on the Oregon Trail.

Related: Legal Marijuana a 'Powerful Force' in Oregon Economy

Be sure to keep up with all things cannabiz by checking out the newly launched GreenEntrepreneur.com

If you missed last week's episode, check it out here: Lyft Offers Credits For Sober Drivers, and a Dispensary in Hot Water for Prices too Low?!

By Javier Hasse
From retailers to growers, producers, and suppliers, there’s a seemingly never-ending list of startup opportunities in this emerging market. In Start Your Own Cannabis Business, marijuana, biotech, and entrepreneurship reporter Javier Hasse introduces forward-thinking entrepreneurs like you to the industry and shares hard-earned tips and success stories from pioneers and visionaries in the marijuana industry.
Learn More

Latest on Green Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to Queue next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to Queue next to any article to save to your queue.

Podcasts episodes coming soon for GreenEntrepreneur.com

There are no Podcasts in your queue.

Click on the Add to Queue next to any podcast episode on Entrepreneur.com to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). The table below describes in more detail the data being collected. By giving your consent below, you are agreeing to the use of that data. For more information on our data policies, please visit our Cookie Policy.

Name Category
Google Ad Serving, Ad Targeting, Analytics/Measurement, Optimisation
Rubicon Ad Serving
Teads Ad Serving
Nativo Ad Serving
Teads Ad Serving
New Relic Analytics/Measurement
Log Entries Analytics/Measurement
Sailthru Content Customization