Marijuana Business News

Synonyms: 
stocks
business
Thu
20
Jun

CannTrust to enter U.S. CBD market via hemp joint-venture in California

CannTrust Holdings Inc. (TRST.TO) plans to enter the U.S. market for CBD, starting with a hemp production joint-venture in California, it said on Wednesday.

The Vaughan, Ont.-based licensed producer has signed a non-binding letter of intent with Elk Grove Farming Company to secure hemp with high cannabidiol (CBD), the non-intoxicating compound found in cannabis and hemp.

Under the deal, the joint-venture will secure a long-term lease for more than 3,000 acres of farmland designated for hemp production in Southern California. It adds that it will process, formulate and sell hemp-derived CBD products.

This is the "first step" in CannTrust's development of "full-scale" U.S. operations, the company said.

Thu
20
Jun

A deal to form world’s largest marijuana company just took a big step forward

Canada’s leading marijuana producer Canopy Growth said Wednesday that shareholders approved its deal to acquire the American cannabis chain Acreage Holdings—contingent on the U.S. legalizing the growth, sale, and possession of the drug. While legal in the states where Acreage operates, marijuana is still illegal under U.S. federal law.

Thu
20
Jun

Canada’s HEXO gets Greece medical marijuana license

The Canadian company HEXO because the latest company to get a medical cannabis license in Greece although it’s stock was falling following after the company posted quarterly revenue below analysts’ forecasts.

The company said the license, issued by the Greek government, allows the company to establish cultivation, processing and manufacturing facilities in the Thessaly region of the country with HEXO hoping to boost its presence in the European Union.

Thu
20
Jun

3 marijuana stocks that are breaking the mold

Marijuana isn't just another growth industry. It has the potential to be a once-in-a-generation growth opportunity for patient investors who have a keen eye for this fast-paced industry. Between 2018 and 2030, various Wall Street firms have called for a fourfold to sixfold increase in global sales, which should be more than enough to create some big-time winners in this space.

Thu
20
Jun

1 hot marijuana stock to buy in June

No industry is as hot as the marijuana industry right now. Within the U.S. alone, sales of state-regulated cannabis will grow to more than $22 billion by 2022, according to the Arcview Group, up from $8.6 billion in 2017. And this doesn't account for the possibility of federal legalization during this time.

Within this explosive market, one company, in particular, is delivering scorching gains to shareholders.

Thu
20
Jun

Is corporate cannabis taking over the industry?

In California, where Prop. 64 was expected to protect small-business owners, many are being pushed out by ‘Big Cannabis’.

The legal industry in the Golden state is growing exponentially. Last year it was valued at $2.51 billion, making it the largest cannabis market in not just the US, but the entire world. There are also an estimated 64,000 people are employed in the California cannabis industry. Prior to adult-use legalization, most of the dispensaries were mom and pop shops that were owned and operated by families, individuals, or a few select business partners.

Thu
20
Jun

Charlotte's Web increases hemp crop by 187% to meet demand

Charlotte’s Web Holdings, Inc.  (TSX:CWEB)(OTCQX:CWBHF) reported its final hemp planting for its 2019 growing season. The company said that in order to meet growing demand the total acres planted for 2019 has been increased to 862, an 187% increase from 300 acres planted in 2018.

Thu
20
Jun

The role of the budtender is 'antiquated', cannabis industry experts say

In order for weed to really go high-end, the cannabis industry has to ditch the budtender, according to speakers at the 2019 World Cannabis Congress in Saint John, New Brunswick, Canada, writes Calvin Hughes

Thu
20
Jun

Switzerland witnesses huge cannabis demand

The legalization of marijuana in many parts of the world has been responsible for the creation of one of the fastest growing industries in the world. The latest report from the Swiss government regarding its tax revenue due to legal marijuana sales for 2018 was published recently. The report shows that the demand for legal cannabis in Switzerland rose to new highs.

Thu
20
Jun

Canada: Governments earned $186M in pot taxes in 5.5 months of legalization

Federal and provincial governments earned $186 million in cannabis-related revenue in the first 5 1/2 months since legalization in October, Statistics Canada said Wednesday.

The Ottawa-based agency said revenue came from product-specific excise taxes and general taxes on goods and services, such as the Harmonized Sales Tax, directly related to the sale of cannabis.

The federal government drew $19 million in excise taxes, while provincial governments got $79 million from excise taxes and related adjustments.

Pages

Subscribe to RSS - Marijuana Business News