Marijuana Business News

Synonyms: 
stocks
business
Mon
05
Aug

Earnings estimates are plunging for these 12 pot stocks

Whether you realize it or not, the marijuana industry is a big-money business. Although "only" $10.9 billion in legal sales were recognized in global licensed cannabis stores last year, we know that tens of billions of dollars in sales are occurring in the black market. As more and more countries legalize, it provides an opportunity for consumers to be moved from illicit to legal channels.

Mon
05
Aug

3 best cannabis stocks of July -- Are they buys now?

Awful. Bad. Crummy. Dreadful. A-B-C-D. I probably don't have to finish going through the alphabet to paint the picture for just how horrible the month of July was for cannabis stocks. But there were some cannabis stocks that actually delivered nice gains in July.

Neptune Wellness Solutions (NASDAQ: NEPT), Charlotte's Web Holdings (OTC: CWBHF), and Scotts Miracle-Gro (NYSE: SMG) jumped by double-digit percentages last month while most cannabis stocks tanked. Here's why these three stocks outperformed all the rest and if any of them are smart picks to buy now. 

Fri
02
Aug

These Marijuana Stocks Continue to Bring in Good News to the Industry

The marijuana stock market has seen some ups and downs in the past few months. With companies returning to their pre-volatility numbers, marijuana stock investors have begun to take a second look at the industry. While most tend to look at the companies at the top of the pot stock market, this denies the potential for the small to mid-cap marijuana stocks.

Fri
02
Aug

OSC has opened formal investigation into CannTrust, company confirms

The Ontario Securities Commission has opened an investigation into embattled licensed cannabis producer CannTrust Holdings Inc., the company confirmed in a statement Thursday.

“Today, staff of the OSC advised the Special Committee’s legal counsel that an investigation has been opened into matters and parties related to CannTrust and the investigation has been assigned to the Joint Serious Offences Team of the Enforcement Branch of the OSC,” the statement read.

Fri
02
Aug

Arkensas marijuana sales total $4.01 million

In the 82 days since medical marijuana sales began in Arkansas, the six open dispensaries have sold a total of 574 pounds of marijuana, earning a total of $4.01 million, the Department of Finance and Administration announced today. (That averages, I think, to nearly $49,000 a day, but check my math.)

Here’s the rundown by most product sold (though not averaged over days open):

Green Springs Medical, opened May 12, Hot Springs, 305.15 pounds.

Doctors Order’s, opened May 10, Hot Springs, 104.25 pounds

Native Green Wellness, opened July 2, Hensley, 64.40 pounds

Arkansas Natural Products, opened June 20, Clinton, 48.89 pounds

Fiddler’s Green, opened July 11, Mountain View, 26.50 pounds

Fri
02
Aug

5 cannabis stocks executing on the Colombian cannabis opportunity

Read entire artile here.

During the last year, we have seen a significant increase in the number of companies that are focused on the international cannabis opportunity and this is a trend that our readers need to be aware of.

Earlier this week, we published an article that highlights 5 leading Israeli cannabis companies and today, we are following up on this article by highlighting 5 companies that are executing on the Colombian cannabis opportunity. The reason why we are favorable on these two markets is simple; economics.

Fri
02
Aug

SkipTheDishes for cannabis: Pineapple Express Delivery expands in Saskatchewan.

In many parts of the province, cannabis users no longer need to walk in to a store for fast access to their favourite retailer’s products as same-day cannabis delivery service Pineapple Express Delivery rapidly expands across Saskatchewan.

Similar to the popular food delivery service SkipTheDishes, Pineapple Express Delivery plays the middleman between the retailer and the customer.

“We pick up the product at the retailer or licensed producer and then we deliver it to the customer on the same day that they pay for it,” said Madelaine Higgins, the Ontario-based company’s director of customer experience.

“There’s some times that we’re even faster than your pizza guy.”

Thu
01
Aug

What goes into choosing the perfect cannabis store name? A lot

The GrowthOp talked to insiders in Canada’s cannabis and marketing industries to get their takes on what works, what doesn’t and how to lock down a winning retail store name.

A lot is asked of a retail name: it needs to indicate the service or product, be recognizable, be distinctive and, hopefully, reflect business values. Add the challenge of being cannabis-related—which elicits some oft-repeated monikers—and putting a name to it can be tough.

Thu
01
Aug

2 tanking weed stocks to sell in August

It’s a scorching-hot summer with record-high temperatures being recorded around the world. But don’t tell that to weed stock investors, who’ve been left out in the cold after a series of disappointing earnings reports and regulatory scandals. In the past two months, all major producers have seen their share prices fall, while marijuana stocks as a class are down about 11%.

With that said, the weed industry’s current woes aren’t affecting all stocks equally. While some are way down, others are still up for the year, and many are actually in fairly good shape compared to where they were last fall. However, there are definitely some major weed producers that are struggling right now. The following are two you can consider selling in August.

Thu
01
Aug

5 brand-name companies involved in the marijuana industry

Even though cannabis stocks have languished badly of late, sales in the global marijuana industry are thriving. After registering $10.9 billion in global sales in 2018, according to Arcview Market Research and BDS Analytics, worldwide licensed pot-store sales should top $40 billion by 2024. That's a compound annual growth rate of better than 24%.

Pages

Subscribe to RSS - Marijuana Business News