Marijuana Business News

Synonyms: 
stocks
business
Mon
21
Jan

Marijuana edibles and infused beverages should go on sale in Canada by October

The marijuana industry blossomed before our eyes in 2018, with the cannabis movement taking steps toward legitimacy like never before.

Fri
18
Jan

Retail marijuana is becoming big business

MedMen (NASDAQOTH:MMNFF) unveiled preliminary fiscal second-quarter results on Jan. 17 showing that California's retail marijuana market is accelerating. The company's soaring sales show that marijuana retailers are poised for significant growth, but this company's still got a lot of work to do before it's likely to reward shareholders with earnings instead of losses.

 

 

Fri
18
Jan

Slow start to recreational cannabis sales not a concern, GMP says

Health Canada has released market data on cannabis sales for November, the first full month of the legal market. The numbers suggest a run rate of about 5,400 kg monthly or 65 tonnes annually, which is lower than expected, says analyst Martin Landry of GMP Securities, but potentially reflective of a sluggish start to the industry.

As part of the system to prevent legal cannabis from being diverted into the illegal market, the federal government operates a Cannabis Tracking System with a mid-month deadline for license holders and provincial bodies to submit their monthly reports.

Fri
18
Jan

Ohio medical cannabis dispensaries sell $75,000 of product on first day

Ohio’s medical marijuana program are finally up and running after a long waiting period. The first four medical cannabis dispensaries that opened on Wednesday sold through $75,000 of dried cannabis product on the first day.

That number accounts for nearly 8.7 pounds and works out to being approximately $538 per ounce. The Shops did not sell out on the first day.

The four dispensaries that opened Wednesday are:

  • CY+ Dispensary, 180 Main St. in Wintersville
  • The Forest Sandusky, 1671 Tiffin Ave. in Sandusky
  • Ohio Valley Natural Relief, 840 Canton Rd. in Wintersville
  • The Botanist, 3840 Greentree Ave.. SW in Canton

Ohio plans to eventually have close to 60 medical marijuana shops with seven in Greater Cincinnati.

Fri
18
Jan

FoliuMed kicks off 70-ton hemp and cannabis cultivation in Colombia

Expectation is cultivation site offers one of the more favourable grow conditions in the world

Cannabis producer FoliuMed has completed the construction of its first greenhouses on a 16 hectare grow site close to Bogota, where the company will produce more than 70 tons of medicinal hemp and cannabis plants in 150 greenhouses.

“The plants will be processed into oils and sold as pharma-grade ingredients to international producers of cannabis medicine for stress, anxiety and sleep disorders,” notes a press release issued by Spring Capital, an investment firm that specializes in both international gaming and cannabis operations in regulated markets.

Fri
18
Jan

‘People are asking for millions’: Inside the legally fraught mad scramble to woo Ontario's pot lottery winners

A web of lawyers, consultants, investors and entrepreneurs are working around the clock to design and facilitate complex deals between many of the 25 largely unknown winners of the Ontario retail cannabis lottery and entities that consider themselves veterans of the cannabis industry who are intent on participating in the province’s cannabis retail system. 

But structuring these deals is proving to be more complicated than first believed, given stringent ownership requirements laid out by the Alcohol and Gaming Commission of Ontario (AGCO) that prevent lottery holders from ceding any kind of control over the future ownership of a cannabis retail store at least until the lottery period is over in December 2019.

Fri
18
Jan

Cannabis Canada Daily: Marking the three-month anniversary of legal pot

The rough start of legal pot in Canada

Fri
18
Jan

U.S. beer giants push into cannabis market thirsty for growth

The makers of Budweiser, Coors and other large-scale brewers are placing their bets on cannabis as a way to fight saturated markets and shifting consumer trends.

For years, the industry's largest players have struggled with stagnating markets and shifting consumer tastes. Anheuser-Busch InBev (BUD.N), Molson Coors (TAP.N) and Corona brewer Constellation Brands (STZ.N) have responded by buying up fast-growing craft brews. Anheuser-Busch's 2011 purchase of Chicago's Goose Island is one of the most emblematic examples of this strategy, which has helped big brewers maintain revenue and profit steady. But concerns over growth continue to hang over the industry.

Fri
18
Jan

Neiman Marcus will start selling cannabis cosmetics in select States

The Dallas-based high-fashion retailer Neiman Marcus is the latest in a line of established luxury brands taking the plunge into the cannabis beauty trend, writes Calvin Hughes
.

CBD is quickly becoming one of the biggest trends in upscale beauty products. The non-intoxicating cannabis extract can now be found in just about any skin-care product you can think of and is often marketed for its ability to relieve stress and pain without getting you high. Now shoppers can find CBD-infused cosmetics at luxury department store chain Neiman Marcus.

Pages

Subscribe to RSS - Marijuana Business News