--- title: Your Top 5 News Stories - August 5, 2021 description: How to Successfully Launch a Legal Cannabis Business, Three Pot Stocks to Avoid Like the Plague in August, and more! image: https://blog.newfrontierdata.com/hubfs/Canabis-Insight-Daily4.jpg --- [![](https://blog.newfrontierdata.com/hs-fs/hubfs/logo-ondark.png?width=431&height=233&name=logo-ondark.png "logo-ondark.png")](https://newfrontierdata.com/) # Your Top 5 News Stories - August 5, 2021 August 05, 2021 [In Sight Daily](https://blog.newfrontierdata.com/topic/in-sight-daily) [![4f528f28-606e-4754-a619-23c8a915e165](https://blog.newfrontierdata.com/hs-fs/hubfs/4f528f28-606e-4754-a619-23c8a915e165.jpg?width=1025&name=4f528f28-606e-4754-a619-23c8a915e165.jpg)](http://newfrontierdata.com) [![Best-in-class-Equio782x90-1](https://blog.newfrontierdata.com/hs-fs/hubfs/Best-in-class-Equio782x90-1.gif?width=720&name=Best-in-class-Equio782x90-1.gif)](https://newfrontierdata.com/equio-features/) --- ![wild card](https://blog.newfrontierdata.com/hs-fs/hubfs/wild%20card.jpg?width=720&name=wild%20card.jpg) | [![Screen Shot 2021-08-05 at 1.45.36 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-08-05%20at%201.45.36%20PM.png)](https://appinventiv.com/blog/legally-establishing-a-cannabis-business/)   | [**How to Successfully Launch a Legal Cannabis Business**](https://appinventiv.com/blog/legally-establishing-a-cannabis-business/) As New Frontier Data estimates that the U.S. cannabis industry employs more than a quarter-million people, some due diligence is required.  | | --- | --- | --- ![finance](https://blog.newfrontierdata.com/hs-fs/hubfs/finance.jpg?width=720&name=finance.jpg) | [![Screen Shot 2021-08-05 at 1.46.34 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-08-05%20at%201.46.34%20PM.png)](https://www.fool.com/investing/2021/08/04/3-pot-stocks-to-avoid-like-the-plague-in-august/)   | **[Three Pot Stocks to Avoid Like the Plague in August](https://www.fool.com/investing/2021/08/04/3-pot-stocks-to-avoid-like-the-plague-in-august/)** While New Frontier Data projects industry growth averaging 21% annually past $41 billion in mid-decade, some trends are worth considering.  | | --- | --- | --- ![tech science innovation](https://blog.newfrontierdata.com/hs-fs/hubfs/tech%20science%20innovation.jpg?width=720&height=58&name=tech%20science%20innovation.jpg) | [![Screen Shot 2021-08-05 at 1.47.53 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-08-05%20at%201.47.53%20PM.png)](https://www.leafly.com/news/industry/weed-sorting-machine-grades-440-pounds-hour)   | [**Watch This Machine Sort 440 Pounds of Weed Per Hour**](https://www.leafly.com/news/industry/weed-sorting-machine-grades-440-pounds-hour) New Frontier Data figures that some 30 million pounds of cannabis is harvested annually, but new tech offers a cotton-gin-style advance.  | | --- | --- | --- [![NXTecK-DMP-782x90](https://blog.newfrontierdata.com/hs-fs/hubfs/NXTecK-DMP-782x90.gif?width=720&name=NXTecK-DMP-782x90.gif)](https://newfrontierdata.com/nxteck/) --- ![hemp](https://blog.newfrontierdata.com/hs-fs/hubfs/hemp.jpg?width=720&name=hemp.jpg) | [![Screen Shot 2021-08-05 at 1.48.53 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-08-05%20at%201.48.53%20PM.png)](https://www.chestercounty.com/2021/08/03/364574/hemp-alternative-acres-of-new-opportunity)   | [**Hemp-Alternative: Acres of new opportunity**](https://www.chestercounty.com/2021/08/03/364574/hemp-alternative-acres-of-new-opportunity) A health-care IT expert and New Frontier Data investor is investigating alternative solutions for geriatric patients and their chronic pain.  | | --- | --- | --- ![social cultural](https://blog.newfrontierdata.com/hs-fs/hubfs/social%20cultural.jpg?width=720&name=social%20cultural.jpg) | [![Screen Shot 2021-08-05 at 1.49.47 PM](https://blog.newfrontierdata.com/hubfs/Screen%20Shot%202021-08-05%20at%201.49.47%20PM.png)](https://www.forbes.com/sites/emilyprice/2021/08/05/exclusive-cannabis-ice-cream-is-coming/?sh=1a7f671b5bd7)   | [**Cannabis Ice Cream Is Coming. Here’s The Scoop on How to Get It**](https://www.forbes.com/sites/emilyprice/2021/08/05/exclusive-cannabis-ice-cream-is-coming/) Even if too late for this summer, Massachusetts consumers may yet be screaming before year’s end for the coolest of cannabis confections.   | | --- | --- | --- ![event](https://blog.newfrontierdata.com/hs-fs/hubfs/event.jpg?width=720&name=event.jpg) [![Cannabis-infused-products-2-1200x630-FBLI-1](https://blog.newfrontierdata.com/hs-fs/hubfs/Cannabis-infused-products-2-1200x630-FBLI-1.jpg?width=600&name=Cannabis-infused-products-2-1200x630-FBLI-1.jpg)](https://newfrontierdata.zoom.us/webinar/register/WN_I6TwxChzQ7y9T0v-2RevFA) --- [![SIN blue](https://blog.newfrontierdata.com/hs-fs/hubfs/SIN%20blue.png?width=389&name=SIN%20blue.png)](http://newfrontierdata.com) [![NFDLogoBlueAquaStacked](https://blog.newfrontierdata.com/hs-fs/hubfs/NFDLogoBlueAquaStacked.png?width=155&name=NFDLogoBlueAquaStacked.png)](http://newfrontierdata.com) [NewFrontierData.com](http://newfrontierdata.com) ![61734b2a-5216-4ab5-a33f-e6179eeccc23-2](https://blog.newfrontierdata.com/hs-fs/hubfs/61734b2a-5216-4ab5-a33f-e6179eeccc23-2.png?width=110&name=61734b2a-5216-4ab5-a33f-e6179eeccc23-2.png) ![1954288e-d406-47de-8f36-55e27d3d8433](https://blog.newfrontierdata.com/hs-fs/hubfs/1954288e-d406-47de-8f36-55e27d3d8433.png?width=586&name=1954288e-d406-47de-8f36-55e27d3d8433.png) - [Tweet](https://twitter.com/share) [In Sight Daily](https://blog.newfrontierdata.com/topic/in-sight-daily) Share this post: - [Tweet](https://twitter.com/share) - [In Sight Daily (146)](https://blog.newfrontierdata.com/topic/in-sight-daily) ###### Gain access to actionable insight for the cannabis industry today! ![](https://newfrontierdata.com/wp-content/uploads/2021/05/equio-screen-national.png) [Free Trial](https://newfrontierdata.com/equio-features/) **LOCATIONS** HEADQUARTERS 1400 I Street NW, Suite 350 Washington, D.C. 20005 [info@newfrontierdata.com](mailto:info@newfrontierdata.com) 844-420-D8TA (3882)   Copyright © 2014-2021  Frontier Financial Group, Inc. 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