North America

Tue
19
May

How To Catch The Next Big Wave In Weed

In 2015, Leandro Pasztor found a pound of misplaced marijuana. He’d set it aside two years prior, and one day it appeared like an unpaid parking ticket, demanding attention. 

As a marijuana grower, Pasztor wasn’t in the habit of losing product. And at the time of his discovery, he was planning to launch a line of medicinal oils extracted from cannabis plants. Out of curiosity, he threw the old weed in with a batch of plants he’d prepared for a local testing lab in Irvine, California, and a month later, his phone rang. 

“Do you know what you have here?” the technician asked. Pasztor was stumped. “THC oil?” he guessed. In fact, the full answer was more interesting.

Mon
18
May

The Future of Hemp-Fed Meat

Prior to the demonization of all-things-cannabis in the United States, hemp grew freely across North America. Animals, both wild and domesticated, could graze on naturally growing hemp before the plants were largely eliminated from the landscape under federal prohibition.

Mon
18
May

4 Ways CBD Brands Can Market Responsibly Right Now

The COVID-19 epidemic has affected businesses of all kinds. But CBD-based businesses have seen an unprecedented upsurge in demand for their services, as more and more leaders and lawmakers declare CBD business an essential service. These tacit approvals plus the sheer realization of the value of CBD products have seen the market for CBD products soar. A new survey from Brightfield Group of consumers who have used CBD in the past 12 months shows nearly 50 percent have stocked up or plan to stock up on CBD products. 

Fri
15
May

These cannabis companies have been handling the pandemic better than others

“The writing was on the wall,” says Harrison Stoker, vice-president of brand at Donnelly Group, a 20-year-old company that owns nine Hobo Cannabis stores across Canada. “We knew businesses were going to shut down, even if that didn’t happen right away, there was bound to be a cultural shift that would lead to the inevitable.”

Thu
14
May

Trial And Error: Cannabis And The Big Four Sports Leagues

It seems likely that cannabis will end up like alcohol, only monitored for actual abuse with corresponding treatment options and monetary fines depending on number of offenses.

Anyone who knows me knows that I really enjoy sports of all kinds. I was a college soccer player and played competitive club soccer in Florida before that from the age of 7 onward (and I now play in an adult co-ed league in Los Angeles). Unfortunately, COVID-19 has put the damper on watching live professional sports on TV, and clearly no one can attend any sporting events right now or likely anytime soon. Pro athletes have time on their hands now to train and/or rest up accordingly, which got me to thinking about our pro leagues’ treatment of cannabis and how it has evolved over recent years.

Wed
13
May

Expect at least a dozen pot companies to go bankrupt in 2020: Tilray CEO

The COVID-19 pandemic is likely to force at least a dozen cannabis companies to file for bankruptcy as available liquidity dries up, according to Tilray Inc.'s chief executive officer. 

"I've actually been surprised by the dozen bankruptcies that have already happened," said Tilray CEO Brendan Kennedy in a phone interview with BNN Bloomberg. 

"Based on the calls that I'm getting, I'm expecting another dozen more as funding has dried out,” he added. “If companies haven't already strengthened their balance sheet, they've got a hard road ahead."

Wed
13
May

How The Cannabis Industry Pivots, Shows Resilience In The Face Of Uncertainty

The cannabis industry is a dynamic industry that is used to operating in times of uncertainty. Over the past decade, a widespread stigma around cannabis and regulatory limitations have slowly eased to produce a growing industry that is expected to hit nearly $74 billion by 2027. Despite what appeared to be an unstoppable run in recent months, the cannabis industry has not been immune from the economic impacts of the COVID19 crisis. 

Mon
11
May

3 Top Cannabis Stocks to Buy in May

Many of the high-flying pot stocks of not too long ago are now among the biggest losers in today's volatile market. However, there are still promising picks in the cannabis industry for long-term investors.

There are three marijuana stocks that look especially appealing right now. Here's why Innovative Industrial Properties (NYSE:IIPR), Scotts Miracle-Gro (NYSE:SMG), and Green Thumb Industries (OTC:GTBIF) are top cannabis stocks to buy in May.

Tue
05
May

The cannabis sector is still hiring and the number of applicants looking for work has exploded

Unlike many industries, the cannabis sector is still hiring during the pandemic. Yet the number of open positions has dwindled as layoffs become more common and many of the jobs that do exist are temporary.

Vangst, which runs the Gigs site for temporary pot jobs and recently launched a platform for full-time positions, is filling about 600 jobs a week. That’s a slight decrease from pre-COVID-19 levels earlier this year, mostly because companies are employing fewer in-store staff as they switch to delivery or curbside pickup. Meanwhile, the number of job candidates on the platform surged by 300 per cent between March and April, according to Karson Humiston, founder and chief executive officer of Vangst.

Thu
30
Apr

Canopy to lay off another 200 amid latest cost-cutting measures

Canopy Growth Corp. is laying off 200 people in its Canadian, U.K. and U.S. operations as the pot giant continues to refocus its business and cut costs. 

The company confirmed to BNN Bloomberg Wednesday that the workforce departures come on top  of previous layoff announcements that were part of a broad strategy that began after Canopy's new chief executive officer, David Klein, took on his role in January. 

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