Marijuana Business News

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stocks
business
Tue
17
Apr

How a cannabis company is taking a page out of the pharmaceutical playbook

In the weed world, Big Pharma is typically seen as an enemy. It’s the industry that pushed opioids over a potentially safer solution to chronic pain. It’s the industry that has scored Schedule II and III status for synthetic THC, while naturally occurring THC in cannabis plants remain in Schedule I.

Tue
17
Apr

Jeff Sessions trumped -- Are marijuana stocks about to skyrocket?

President Trump once ranked his own The Art of the Deal as his second favorite book. However, he just might have learned something about the art of the deal from Sen. Cory Gardner (R-Colo.). 

Sen. Gardner vowed to block all of the president's nominees to the U.S. Department of Justice in January. This move came after Attorney General Jeff Sessions overturned the Obama administration policy that prevented federal law enforcement officials from interfering in states that had legalized marijuana. In 2012, Gardner's home state of Colorado voted to legalize recreational use of marijuana. 

Tue
17
Apr

Canada to measure marijuana use by testing sewage

As a bill that would legalize recreational marijuana works its way through the Canadian Parliament, the government is gearing up to track cannabis consumption more closely than it has before.

Statistics Canada has begun to do city-scale drug screening ÂŤby monitoring what Canadians flush down the toilet.

Six cities have agreed to contribute samples from the place where all drains congregate — their wastewater treatment plants. Toronto, Montreal, Edmonton, Alberta; Vancouver and Surrey in British Columbia; and Halifax, Nova Scotia, will participate. All told, the network would capture data on drug use from about a quarter of Canada's total 36 million inhabitants.

Mon
16
Apr

The week in marijuana deals: Emblem gets fired up, while Sundial looks south

After another down week for cannabis stocks, the final hours of trading on Friday saw a flurry of enthusiasm, following news that U.S. president Donald Trump may support efforts to protect states that have already legalized marijuana.

The United States Marijuana Index, which tracks 17 publicly listed companies with operations in the U.S., was up 13.7 per cent, while the Canadian Marijuana Index climbed 6.5 per cent.

Friday’s move followed announcements on both sides of the border earlier in the week, that point to the increasing normalization of marijuana.

Mon
16
Apr

Canada: Cannabis job fair highlights opportunities for women, people with cannabis experience

Danielle Jackson, a cannatherapy consultant and edutainer also known as Miz D, says the legalization of cannabis will provide opportunities for women to show leadership through compassion. Jackson said there are therapeutic uses for cannabis for baby boomers and seniors. 

The budding cannabis industry presents opportunities for women and people looking to use their experience with cannabis when it becomes legalized in Canada later this year.

That’s according to those in the industry at the CannabisCon job fair held at the Shaw Conference Centre in Edmonton on Saturday.

Mon
16
Apr

Israel's Together gets Canadian deal for five tonnes of cannabis oil

Israel’s Together has agreed to sell 5 tonnes of cannabis oil to an unnamed Canadian company that will potentially bring revenue of hundreds of millions of shekels.

The Canadian company will buy from Together subsidiary Globus Pharma 50 tonnes of dried inflorescences of cannabis each year, which is equivalent to five tonnes of medical cannabis oil.

The two companies will also collaborate in the field of research and development and promoting technologies in the medical cannabis sector. They have estimated sales will amount to $3.17 to $4.7 per gram of inflorescence.

Mon
16
Apr

Canada: Aurora Cannabis gains rights to orally dissolvable thin film wafer technology

Aurora Cannabis Inc., CanniMed Therapeutics Inc. and CTT Pharmaceutical Holdings, Inc., announced today that further to the CanniMed/CTT news release of February 17, 2017, the companies have entered into a three-way agreement that provides Aurora, through its ownership of CanniMed, with joint exclusivity on the distribution in Canada of CTT's novel, patented drug delivery technologies.

This collaboration includes the licensing by CTT to CanniMed and Aurora of six patents related to cannabinoid delivery for pain management that will enable CanniMed and Aurora to exclusively develop and commercialize this unique, sub-lingual (beneath the tongue) wafer, drug delivery system in Canada.

Mon
16
Apr

Marijuana: A $75 billion market by 2030?

The "green rush" has fully gripped Wall Street and investors. Even with a recent pullback, many of the largest publicly traded marijuana stocks by market cap have seen their share prices soar by more than 1,000% over the trailing-two-year period.

Instrumental to this surge in pot-stock market caps is a steady shift in the way the public views the drug. Gone are the days where cannabis was considered too taboo for discussion.

Mon
16
Apr

5 Ways to make the cannabis industry more sustainable

There are a variety of ways to make the cannabis industry more sustainable. Here are some to consider.

The cannabis industry has exploded, growing an unprecedented 30% in 2016 to $6.7 billion in early 2017. This profit gain happened largely as the legal markets expanded, allowing marijuana users in many states to purchase the drug recreationally.

But forget the money for a second. With all this production, both by individuals and industrial growers, the environment has certainly taken a hit. Many lawmakers have sought to make sure states make their residents comply with environmental standards through more enforcement.

Mon
16
Apr

HP's retail tech integrated into US startup Flowhub's platform for legalised marijuana market

A US software startup as integrated its retail management platform with HP's point-of-sales system to help Americans quickly set up their own marijuana dispensary.

Based in Denver, Colorado, Flowhub's platform combines its own business management and transactional process tools with the new HP ElitePOS hardware.

The system is aimed at keeping new dispensaries compliant with state laws and regulations and up to date with reporting rules for the booming marijuana industry in the US.

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