Marijuana Business News

Tue
23
Nov

Top Marijuana Stocks To Watch During The Holiday Season

watching stocks on a laptop

 

2 Marijuana Stocks To Watch Before December Begins.

Currently, many marijuana stocks are feeling the downside of the battle with federal cannabis reform. Yet this is not all bad news even with the bulk of the sector facing some pullback. Even though in the first 2 weeks of November the sector was showing more upward consistency. Nevertheless, with the sector back down there is another chance to find top marijuana stocks to buy. With bigger support from all parties of congress, federal reform is on its way. Meaning with each party of congress pushing its own bill. So with that in mind, it’s only a matter of time before cannabis prohibition is over.

Tue
16
Nov

"Walgreens of Weed": How Pot Law's Seedy Start Created Florida's Cannabis Oligopoly

cannabis plant

Something smells funky in Florida's medical marijuana industry — and it's not coming from a smoldering joint.

Back in 2016, an agent for the Federal Bureau of Investigation (FBI) secretly recorded Tallahassee developer J.T. Burnette — who has since married Kim Rivers, CEO of the multimillion-dollar Florida-based cannabis giant Truelieve — boasting that he and his childhood friend, then-Florida house member Halsey Beshears (R-Monticello), tweaked a cannabis bill signed into law in 2014 that governed the state's then-fledgling medical marijuana industry by cordoning off access to commercial licenses.

Mon
15
Nov

2 Cannabis Stocks That Could Double in the Next 5 Years

stock market charts showing growth

Here’s why Canadian cannabis stocks such as Canopy Growth and Auxly can help you beat the market in the future.

Investors who buy individual stocks aim to outpace the broader markets over a period of time. But doing so requires a ton of expertise, patience, and foresight to understand long-term trends. Canadian cannabis stocks touched record highs soon after marijuana was legalized in Canada at the federal level. But these companies have grossly underperformed the broader markets in the last three years.

Mon
15
Nov

Trulieve Delivers Strong Quarter, Admits Accounting Weakness

cannabis leaf

Trulieve Cannabis Corp.  (CSE: TRUL) (OTCQX: TCNNF) announced its results for the quarter ended September 30, 2021, as revenue increased 64% year-over-year to $224.1 million, beating estimates by $2 million. Trulieve also delivered a net income of $18.6 million, although the company did note that it was impacted by $16.4 million of one-time compensation and transaction costs primarily associated with the Harvest acquisition.

Trulieve reported earnings with a basic net income of $0.15 per share and diluted net income of $0.14 per share. This missed the Yahoo Finance average analyst estimates for earnings of $0.24.

Fri
12
Nov

Protecting Your Cannabis Company: Why Artificial Intelligence is a Must

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Revolutionary developments in Artificial Intelligence (AI) technology are finally making it feasible for businesses in the cannabis sector to more efficiently monitor their assets—for a mere fraction of the prevailing cost. With Cloudastructure, you get the best AI-based surveillance system available on the market today.
 
Fri
12
Nov

What's a Marijuana Microbusiness?

cannabis leaf

Marijuana microbusinesses are a hot trend across the country, giving small businesses a better chance of breaking into the lucrative cannabis market.

The marijuana microbusiness is catching fire. Michigan issued its first microbusiness license to Sticky Bush Farms in September 2020. Officials in New Mexico, which has made offering opportunities to as many entrepreneurs as possible a key component of its legal marijuana industry, are considering new rules to allow the state to make loans available to single-location microbusinesses.

New York officials also made microbusinesses part of the state's legal recreational cannabis program. State officials have set a goal that half of all microbusiness licenses will go to social and economic equity candidates.

Fri
12
Nov

Cannabis job fair to help Stockton students, general public get into new industry

cannabis buds in a jar

GALLOWAY TWP. - Stockton University next week will host the Cannabis Career Fair and Business Expo, bringing a slew of industry leaders to the campus to provide insight and talk about open positions at their respective companies.

Beginning at 8:30 a.m. Nov. 17, the expo will feature keynote speakers and former NFL players Dominique Easley and Jordan Reed, who now own cannabis apothecary Legacy Partners. Those in attendance will also have the opportunity to have professional headshots taken as they talk with potential employers.

Fri
12
Nov

3 of the Dirtiest Words to Watch for in Cannabis Earnings Reports

reviewing documents

Cannabis earnings season is here, and there are some terms you should watch out for as they could signal trouble.

Many cannabis companies are reporting their quarterly results in November. And for investors, it can sometimes be difficult to interpret the numbers as cannabis earnings reports are often littered with adjustments and gains or losses, making it challenging to determine whether the company really had a good quarter.

But there are some ways you can quickly scan beyond just how the company did on its top and bottom lines to see whether there are any problems you need to be paying close attention to. Here are three words you don't want to see come up on an earnings report or call.

Thu
11
Nov

Why This Cannabis Operator Is Giving Off Buy Signals

stock charts on a laptop

Could positive Q4 earnings reverse Organigram's recent stock slide?

There's a bit of a conundrum occurring among cannabis companies this year. Quarterly revenue for some  U.S. multistate operators (MSOs) is coming in at record levels. On the Canadian front, New Brunswick-headquartered Organigram (NASDAQ:OGI), one of the leading producers  of indoor-grown cannabis and products made from it, posted double-digit revenue growth in its most recent quarter, alongside significant market share gains this year -- yet its shares have steadily sunk since February. Here's why that market disconnect might give investors a good opportunity to buy in.

Thu
11
Nov

Europe CBD Oil Market Report 2026

CBD oil

Industry Overview, Trends, Growth, Industry Report and Outlook

According to the latest report by IMARC Group, titled “Europe CBD Oil Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the europe CBD oil market to grow at a CAGR of around 23% during 2021-2026.

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