Marijuana Business News

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stocks
business
Fri
13
Apr

Canada: These junior marijuana stocks backed by TD Bank could be worth watching

Investors are taking a closer look at a pair of lesser-known cannabis stocks recently backed by Toronto-Dominion Bank in hopes of finding the next best bet in the marijuana market.

TD gave clearance for its investment advisers to recommend Emblem Corp. and Emerald Health Therapeutics Inc., which analysts and the companies’ executives believe is in part because they aren’t involved in the legally murky U.S. cannabis market. The two TSX Venture Exchange-listed companies also believe their strong operations and more modest valuations, compared with peers’, may have helped.

Fri
13
Apr

Canada: Marijuana firms use creative marketing tactics to skirt strict regulations

At a gallery in Toronto’s west end, people sip champagne, dine on canapés and listen to a panel discussion on mindfulness; the product they are here to fete is nowhere to be found, but brand elements are peppered everywhere, including mugs held by the panellists.

“Did you ever think that you would be at a cannabis brand launch?” said Linda Burlison, director of digital marketing and commercialization for licensed producer MedReleaf at the launch of its newest recreational brand, AltaVie, last week.

“Fifty years from now, you can tell your kids, your grandchildren, that you were right there at that very moment that was at the cusp of when prohibition ended in Canada.”

Fri
13
Apr

Nevada pros share tips on marijuana edibles consumption

Open a pack of convenience store gummy candies and it's hard not to grab a handful at a time to satisfy your craving.

But doing the same for a tube of marijuana gummy candies purchased at one of Las Vegas' legal pot dispensaries could leave users on the floor.

Marijuana edibles have quickly become a hot seller in the first seven months of legalized pot in Nevada, with as much as 45 percent of all weed sales being edibles, according to figures from several dispensary owners.

The extreme potencies, however, have forced dispensaries and lawmakers to be proactive in educating many first-time Nevada users on how ingest pot properly.

Fri
13
Apr

Colorado cannabis workers lack safety training, survey shows

Nearly half of workers in Colorado’s legalized cannabis industry have received minimal or no workplace safety training, according to a recent study from the Colorado State University Department of Psychology.

Researchers surveyed 214 workers who had daily contact with cannabis plants or products.

Findings showed that 46 percent of respondents had been given little to no on-the-job training since beginning employment, creating “an imminent need to establish formal health and safety training to implement best practices.”

Fri
13
Apr

Is New Mexico too "poor" to legalize weed?

According to Representative Steve Pearce, New Mexico can't afford "to pay for more drug addiction, more jails, and more law enforcement."

In a statement last week, Republican Congressman Steve Pearce of New Mexico — a candidate in the state’s current race for governor — suggested that relatively poor states could not afford to legalize marijuana. "I do not see how in combating poverty you can put one more obstacle in front of people who are struggling to get out of poverty," he said, "so I don't see where I would support recreational marijuana."

Fri
13
Apr

Mitch McConnell has officially filed his promised hemp farming bill

Today, the Senate Majority Leader has made good on his words.

Mitch McConnell has officially filed his promised hemp farming bill.

Senate Majority Leader Mitch McConnell has officially filed his promised hemp farming bill on Thursday.

This bill, if passed, would legalize the cultivation of hemp and remove the plant from the list of controlled substances banned under federal law. The move would make good on McConnell’s promise to farmers who view hemp as a potentially lucrative crop.

Fri
13
Apr

Feds create toxic mess by destroying marijuana grows

Pesticides from black market cannabis grows are poisoning public lands, but federal agents are failing to properly rehabilitate these sites after busting them.

A new report by the U.S. Department of Agriculture (USDA) has found that federal agents tasked with busting illegal cannabis grows have been failing to properly clean up these sites, as reported by Marijuana Moment.

Fri
13
Apr

Exclusive: Second Cup reveals partnership with marijuana firm to turn cafés into cannabis shops

By: Celia Carr, Staff Writer for 420 Intel

Canada’s second largest coffee distributor announced Thursday that they will be diversifying by entering the cannabis retail market.

Second Cup has entered into a strategic alliance with National Access Cannabis Corp (NAC) to operate NAC branded recreational marijuana dispensaries in Canada.

NAC is a health-care company that works with patients to get them access to the medical marijuana they need. They currently have nine locations in six provinces: three in Calgary and one in Victoria, Saskatoon, Winnipeg, Toronto, Ottawa and Halifax.

Thu
12
Apr

One of the US's biggest cannabis companies just laid out its plans to trade publicly

One of the highest-valued US cannabis companies is going public.

MedMen, a cannabis retail company based in Los Angeles that operates a chain of slick, high-end marijuana dispensaries, announced it is going public through a reverse takeover of OutdoorPartner Media Corporation.

Thu
12
Apr

Canada: Locations of Ontario’s first four recreational cannabis stores announced

The locations of Ontario’s first four provincially run cannabis stores have been announced.

The Liquor Control Board of Ontario and the Ontario Cannabis Store say the shops will be in Guelph, Kingston, Toronto and Thunder Bay.

The agencies say the locations comply with local zoning rules, minimize proximity to schools and factor in where illegal dispensaries are currently operating.

Forty stores are expected to open this year and another 40 by July of next year. In total, the province plans to set up roughly 150 standalone cannabis stores by 2020.

Ontario was the first province to announce a detailed plan to sell and distribute recreational marijuana and will set the legal age to purchase it at 19.

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