Marijuana Business News

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Wed
10
Jun

Ontarians spent $20M on Cannabis 2.0 items in first three months of sales: OCS

Ontarians shelled out almost $20 million in the first three months that edibles and other products in Canada's second wave of legalization were available for sale — and experts believe that number will only grow.

Cannabis vapes, topicals, concentrates and edibles such as gummies and chocolates hit store shelves in January with beverages following in March, but roughly $19.3 million worth of those products were sold in Ontario in the 12 months ending at March 2020.

The province's distributor, the Ontario Cannabis Store, said vapes were the most popular products in the second wave of legalization, known as Cannabis 2.0. About $14.8 million worth of vapes were sold in the first three months they were available.

Wed
10
Jun

4 Reasons Cannabis Companies Are Moving to an Enterprise Solution

To say 2020 could be a defining year for vertically integrated cannabis companies is an understatement.

It will be. And those driving execution in this complex, regulated industry with an enterprise-level solution will prove to be the leaders. 

This year, the cannabis industry has been thrust into yet another transitional period. Legalization legislation is potentially off the table for the foreseeable future, and many are dealing with a shrinking economy for the first time. 

Wed
10
Jun

Two Marijuana Stocks That Are Showing Consistent Gains

The months of May and June have already shown a great amount of positive gains for many leading marijuana stocks. As we continue to traverse into the summer, it looks like these cannabis stock gains are becoming more and more consistent. There are several reasons as to why the cannabis industry is showing so much upward propensity right now. For one, the cannabis industry has recorded more percentage gains and on a more consistent basis than most other areas of the stock market. This has been one of the main reasons that so many investors are attracted to the cannabis industry.

Wed
10
Jun

What Does The Future Hold For Jamaica's Cannabis Industry?

Jamaica, an island nation most consider extremely cannabis-friendly, has experienced difficulties with its legal cannabis industry. New marijuana export regulations were under consideration just as the coronavirus pandemic hit. The coronavirus has delayed those new regulations, which were due in April. This delay may have caused some investors to pull out of the market.

Tue
09
Jun

Washington May Redefine What It Means To Own A Marijuana Business

On May 20, 2020, the Washington State Liquor and Cannabis Board (LCB) held a virtual listen and learn forum on 

Tue
09
Jun

June Gloom Can’t Keep Marijuana Stocks Down

Marijuana stocks have without a doubt had a tough time in the past six months. With the coronavirus fighting off positive market sentiment, it seems as though in the past few weeks, pot stocks have begun to fight back. During that time, we have seen a continual increase in leading marijuana stock prices. It seems as though cannabis stocks are working to keep up with market demand as the desire to purchase cannabis continues to increase. Although the cannabis industry does still have a long way to go, it seems as though cannabis stocks are here for the long term.

Tue
09
Jun

Mike Tyson to Open Tyson’s Ranch Under Antigua’s New Cannabis Regulation

Mike Tyson is known as an eccentric guy. From youngest heavyweight boxing champion, to the guy who bit another guy’s ear off, to pro-wrestler, to author… Tyson has most recently styled himself as a businessman and an entrepreneur in the field of cannabis tourism. With the help of new regulation legalizing cannabis use in Antigua, Tyson is looking to set up his next Ranch in the Caribbean.

Tue
09
Jun

COVID-19 Highlights Critical Flaws in Cannabis Supply Chain

The recent outbreak of COVID-19 has exposed critical vulnerabilities in national governments and business operations around the world.

The virus is significantly disrupting supply chains and consumer habits on a global level that will reverberate across every industry in the coming months.

The aftershocks of the crisis could last for years.

While the legal cannabis industry is theoretically recession-resistant in the same way alcohol and pharmaceutical sales have been impervious to historical downturns, cultivators must take necessary measures to safeguard their long-term financial safety.

Tue
09
Jun
Tue
09
Jun

Let's talk about celebrities and their weed brands. How do they get around Health Canada's marketing rules?

When Dan Aykroyd’s Crystal Head Vodka made its Canadian debut more than a decade ago, the Liquor Control Board of Ontario banned it. It wasn’t because Akroyd was promoting the “clean” and “premium” nature of the product, or using his celebrity status to sell booze. No issues there. It was the skull-shaped bottle that had them worried. 

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