Marijuana Business News

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stocks
business
Fri
23
Aug

How this Wall Street Vet became a billion-dollar cannabis success story

The average cannabis consumer may not have heard of Kevin Murphy, but they’ve surely seen the headlines he’s made as the CEO of Acreage Holdings, the largest vertically integrated, multistate cannabis company in America.

Fri
23
Aug

3 of the most de-risked cannabis stocks

It should come as no surprise that one of the most popular investment categories over the past couple of years has been marijuana stocks. With Canada giving the green light to recreational pot in October 2018, and two-thirds of all U.S. states legalizing medical marijuana, the outlook for cannabis stocks continues to point higher. Unfortunately, green arrows haven't been as common for the green rush of late.

Fri
23
Aug

Pot for pets: Unleashing the cannabis-for-pets market opportunity

Research firm The Brightfield Group estimates CBD pet products could grow to an estimated $1.16 billion industry in the US alone by 2022 The green rush combined with the mammoth global pet industry is a promising combo poised for growth

There’s little doubt it’s a growing market segment: cannabis for our four-legged furry friends.

And the green rush combined with the pet industry is a market that is growing – quickly. Natural therapies for pets, such as cannabidiol (CBD) and hemp-based products, from pet treats to oils, ointments and sprays, are now gaining wider acceptance from the public and veterinarians. 

Fri
23
Aug

How renewable energy is being applied to cannabis

When we talk about adding renewable energy to the U.S. power supply, there is often a lot of talk about getting that power from the supply source (the solar farm or wind turbines, etc.) to the local power grid. There is less talk of what happens once that power hits the grid and how buildings may be able to adapt to the influx of power from renewable sources.

Can site managers capitalize on renewable energy inputs to optimize energy consumption?

Thu
22
Aug

Report: Legal cannabis sales in Washington State are displacing illicit market

Adult-use cannabis retailers in Washington sold an estimated 26 metric tons of cannabis and cannabis-infused products between July 1, 2016 and July 1, 2017, according to a report by the RAND Corporation.

The report, prepared for the Washington State Liquor and Control Board, determined that licensed retail sales doubled from the prior year. Nearly 70 percent of all cannabis sales were for marijuana flower.

Thu
22
Aug

4 of the most efficient marijuana stocks

The marijuana industry projects as a big-money business.

Thu
22
Aug

Weedmaps to stop advertising unlicensed pot businesses

The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow black-market businesses to advertise on its site, a decision that could boost California's efforts to rein in its vast illegal market.

State regulators and licensed businesses had been pressuring the company to ban unlicensed businesses. Allowing untaxed, unregulated product on the site alongside the taxed marijuana of licensed and regulated stores undercut the legal market, they said.

Thu
22
Aug

Germany orders 3 million euros of cannabis from Tilray Portugal

The Canadian company, which opened its medical cannabis production plant in Cantanhede in the Coimbra district this year, and recently leased 20 hectares of production land in Reguengos de Monsaraz, near Évora, has signed an initial supply contract of 3.3 million dollars (approximately three million euros) with Cannamedical Pharma to increase the distribution of medical cannabis products to German patients.

The export operation is expected to be carried out in the autumn, being "the first of its kind that Tilray will conduct from its Portugal facility to supply patients in Germany," the company explained.

Thu
22
Aug

Calling all cannabis coders: Jamaica seeks tracking software in open bid invitation

Jamaica’s Cannabis Licensing Authority (CLA) has put out its feelers, globally, in a bid to secure an organization that can provide software capable of tracking all cannabis processes, from seed to sale.

The CLA issued an invitation to bid for hopeful providers to showcase their software, which must be able to track individual cannabis plants as they move through the entire supply chain. This includes cultivation, retail, transportation, processing and research and development.

Thu
22
Aug

The next leader in cannabis cultivation across the continent of Africa

Cannabis cultivation has the potential to help Africa advance in more ways than one, and with increasing legalisation across the world, the continent may unlock potential income.

Africa is emerging as a player in the medical cannabis sphere at a spectacular rate and for good reason. It has been estimated that the legal cannabis industry could be worth more than USD 7.1 bn (~€6.2 bn) by 2023 if legislation is implemented across the continent. Does this mean Africa will join other countries across the world in cannabis cultivation, business and conversation?

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