Marijuana Business News

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stocks
business
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Mar

Top Marijuana Stocks to Watch Right Before April

The coronavirus has caused quite a big stir in the world’s financial markets as well as the cannabis industry in particular. With marijuana stocks shooting down and then back up very quickly, it is clear that now is an extremely volatile time for any investment. With that in mind, we as investors have a few options. For starters, owe can use this lapse in time to begin refining our strategies. The cannabis market is undeniably shifting. Because of that, it may be time to shift our strategies more toward what the future of the industry will look like. The second option we have is reserved for the more advanced investors.

Mon
30
Mar

Why The Black Market Continues To Thrive — And What Is Being Done About It

Cannabis grown indoors is considered better quality and sells for 40% more than greenhouse cannabis, according to an agricultural economist.

While the black market is thriving in nearly every market where cannabis is sold — it was 60% of second quarter sales in Canada in 2019 — it appears to be particularly troublesome in California, where a lack of enforcement, a lack of oversight, and regulatory burdens on legal businesses has allowed it to grow.

Mon
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Marijuana sales up 50% in New York City amid coronavirus pandemic, dealer says

The city has gone to pot. Marijuana, that is.

Since the coronavirus hit, sales of marijuana have gone through the roof in both the United States and Canada. Between March 16 and 22, sales of recreational cannabis rose by 50 percent across states including California, Colorado and Oregon, while medical marijuana sales jumped 41 percent from the same period a year ago.

Despite recreational pot still being illegal here, New Yorkers are helping fuel the trend.

Mon
30
Mar

Why CBD Oil is Bringing Cannabis Products Mainstream

Cannabis has been around for a long time. People often associate cannabis with the illegal marijuana drug. However, an increasing number of people are starting to learn that cannabis can produce some legal products which can make you feel better. There is no more need to take the legal risk of smoking or eating marijuana.  

Mon
30
Mar

Coronavirus and Cannabis: “Every Single Day has been Busier than 4/20”

Nothing in the brief history of legal marijuana has ever spurred sales quite like coronavirus preppers, and now a week after its record day, the industry looks back at a wild run of days and wonders what the future holds. 

Last Monday, it quickly became apparent that, as word of pending lockdown orders started to spread across California, consumers were rushing to dispensaries. Unsure of what would happen to the cannabis supply chain in that moment, they bought huge amounts of pot.

“Every single day has been busier than 4/20,” an employee at People’s OC dispensary in Santa Ana told L.A. Weekly.

Mon
30
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Marijuana legalization could help states recover financially after COVID-19 pandemic

The economic toll of the coronavirus outbreak could lead to more U.S. states legalizing recreational marijuana, according to analysts at DataTrek Research.

Amid growing talk of a recession, or even a depression, countries battling the deadly virus have moved to pass stimulus measures in order to stabilize their economies as the global death toll from COVID-19 surpassed 25,000.

In New York, the epicenter of the outbreak in the U.S. with nearly 40,000 recorded cases, officials have already warned of severe budget issues due to the coronavirus.

At one of his daily COVID-19 briefings earlier this week, New York Governor Andrew Cuomo said that the estimated loss of revenue for his state stands between $10 to $15 billion.

Mon
30
Mar

The coronavirus has caused a rise in cannabis prices in Spain

There is no freedom of movement, there is no justification for being on the streets and the distribution of goods creates numerous problems. That is why, at the moment, hashish and cannabis cost twice to three times as much as they did just ten days ago. If at that time one gram was around €5 or €6, now it easily exceeds €10 and even reaches €15.

The main reason for the price increases is the lack of merchandise

Currently it is much more difficult to move large or small quantities of hashish or cannabis. Drug traffickers have a hard time making a deal without attracting attention. In fact, the Civil Guard has thwarted two shipments on Malaga’s beaches since the state of alarm began nine days ago.

Mon
30
Mar

State extends pot business application deadline amid COVID-19 pandemic

State officials have once again extended the deadline for applications for certain recreational cannabis business licenses amid the ongoing COVID-19 pandemic.

Gov. J.B. Pritzker signed an executive order Saturday extending the deadline to submit applications for cannabis infuser, craft grower and transporter licenses from March 30 to April 30, according to a statement from the Illinois Department of Agriculture. All applications must be submitted by certified mail.

Fri
27
Mar

Are Marijuana Stocks On Their Way Back Up In The Market?

The cannabis industry has been extremely up and down over the course of the past three weeks. Although the coronavirus still seems to be very much in effect, it appears as though investors are becoming more and more comfortable with the idea of investing marijuana stocks. The past three weeks have been mostly filled with losses in the whole of the stock market, but many of the leading pot stocks have actually shown gains in the past three days. March 26th, helped to cement three days of very solid gains. 

Fri
27
Mar

As The Economy Falters, Will Demand For Cannabis Continue To Rise?

Just a few months ago, the cannabis industry was going through a sizeable dip. Now with consumers grappling with the coronavirus, sales are at an all-time high.

We talked to researchers at both BDS Analytics and Flow Hub to understand what is happening in the current market place, why, and what it means for the cannabis industry in the future. 

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