Marijuana Business News

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stocks
business
Fri
22
Mar

Over 800 CVS stores will start carrying CBD products

CVS stores in eight U.S. states will begin carrying CBD topicals this week, according to information released on Wednesday from Curaleaf Holdings Inc. The company announced a deal to sell products with CBD derived from hemp at 800 CVS stores during an earnings conference call with investors.

CVS is the largest pharmacy chain in the U.S. with nearly 10,000 locations. A CVS spokesman confirmed in an email to MarketWatch that the company was entering the CBD market and began selling creams, sprays, roll-ons, lotions, and salves last week.

Fri
22
Mar

Canopy Growth acquires American hemp company AgriNext USA

Canopy Growth Corporation  (TSX: WEED) (NYSE: CGC)  has acquired American hemp company AgriNextUSA in a cash deal for an undisclosed amount.  The company did note that purchase was not material to its current cash position and that the transaction would speed up Canopy Growth’s entry into key markets in the United States.

AgriNext is a hemp enterprise led by CEO Geoff Whaling, that has been at the forefront of hemp advocacy and building a vibrant hemp sector in the USA.

Fri
22
Mar

Calgary leads the country in cannabis retail as city grapples with costs

Calgary is leading the country in cannabis retail with 24 licensed pot shops — more than twice as many outlets as the next highest jurisdiction — despite the province’s decision last fall to stop issuing further store licences.

“We’ve had remarkably little problem with the retailers here,” Mayor Naheed Nenshi said Thursday. “We have 24 private retail outlets in Calgary, which is by far the largest in the country.”

The mayor said that despite the city’s free-market approach to regulation, the province’s decision last November to halt licensing due to a shortage of cannabis supply has left some Calgary entrepreneurs in limbo.

Fri
22
Mar

Isracann announces plan to raise capital

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Fri
22
Mar

3 marijuana stocks to consider buying in April

Heading into April, the marijuana industry is once again on the rise. After a terrible end to 2018, Canada’s pot stocks are going up, with many of them approaching last year’s highs. Following encouraging Q3 results from Canopy, there’s a renewed sense of optimism about the marijuana industry. This time, however, it’s not necessarily Canopy that’s stealing the spotlight.

If you’re looking to add some marijuana stocks to your portfolio in April, the following three rising stars could make excellent picks.

Fri
22
Mar

Cannabis community is not impressed with OrganiGram CEO's latest comments

Greg Engel, CEO of licensed producer OrganiGram Holdings Inc., has infuriated the cannabis community with comments published earlier this week on Yahoo! Finance Canada in which he called on the federal government to take action to eradicate the illicit cannabis market.

Fri
22
Mar

A California-based company has released chewing cannabis

A new cannabis company, Cannadips, is selling a line of chewable cannabis pouches modeled after old fashioned chewing tobacco, or snus. Composed of monk fruit, essential oils, and a dry cannabis tincture enclosed in a small coconut fiber pouch, the cannabinoids absorb through the mouth’s lining and directly into the bloodstream, bypassing the liver altogether, allowing for a faster high that also doesn’t last as long.

Fri
22
Mar

MedMen gets $250 million from Gotham Green Partners

MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF)  has signed a binding term sheet for a senior secured convertible credit facility of up to $250 million from funds managed by cannabis investor Gotham Green Partners.  MedMen said that it thinks this is the largest investment to date by a single investor in a publicly traded cannabis company with U.S. operations.

Fri
22
Mar

Africa’s legal cannabis market could be worth over $US 7.1 billion annually by 2023 – Report

Africa’s legal cannabis industry could be worth more than $US 7.1 billion annually by 2023 if legislation is introduced in a number of the continent’s major markets, European-based market intelligence and strategic consultancy firm Prohibition Partners has found in its latest report, released today.

The African Cannabis Report™, published today, finds that countries across the continent could generate significant economic benefits through the development of legal cannabis markets.

Thu
21
Mar

The cannabis industry’s top 12 U.S. multi-state operators

Multi-state operators are cannabis companies that span across multiple legal cannabis states. They have many significant advantages over single-state operators within the cannabis industry. Multi-state operators own cultivation facilities, extraction/processing facilities, and cannabis retail venues in some of the most highly populated, affluent cities across the states that have legalized cannabis for medical or recreational use.

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