Marijuana Business News

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stocks
business
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%.

Thu
01
Aug

Dutch can no longer claim to be world leaders on cannabis

Amsterdam, long known as Europe’s most sinful playground, may be seeing some welcome changes to its antiquated system of coffee-shop regulation very soon.

Although the Netherlands was the first country in the world to regulate the sale of recreational cannabis, it has never created a system to regulate the production of the cannabis that is sold out of coffee shops. Only the production of medical cannabis is regulated, and it’s sold exclusively under prescription, with police typically turning a blind eye to “backdoor” acquisitions of unregulated black-market cannabis products by coffee shops.

Thu
01
Aug

Feds want GPS coordinates for hemp growers

Industrial hemp is once again legal in the United States. But as with any good thing in this country that insists it is still the “Land of the Free,” there is always a trade-off somewhere to compensate for the illusion of rights. Perhaps this is the reason that some citizens do not trust their Uncle Sam. But on the flip side, that old, wrinkled, fire-breathing icon of the American institution does not trust us either. So, while the suited soldiers of the federal government may have unleashed the idea of bringing hemp production around again after more than eight decades, they are also forcing all of the farmers who get into the cultivation of this revisited cash crop to forfeit their privacy. Welcome to agriculture 2.0 inside the Paranoid States of America.

Thu
01
Aug

Snapchat and Twitter cannabis ads risk government crackdown

Snap Inc. and Twitter Inc. are gambling that they can profit off the growing marijuana industry by running ads for cannabis products from licensed Canadian producers, testing restrictive laws in Canada on marketing weed.

Regulators in Canada declined to comment on an ongoing investigation into ads Hexo Corp. ran on Snapchat, the app run by Snap Inc. SNAP, +2.85%.

Thu
01
Aug

These Oklahoma marijuana dispensaries are suing Facebook

Facebook can’t decide if it loves or loathes cannabis. Around this time last year, reports indicated Facebook was “shadow-banning” companies associated with legal cannabis sales and advocacy.

Thu
01
Aug

ViaBill allows cannabis companies to accept all major credit cards

If you’re in the business of cannabis – be it THC or CBD products – you’ve likely come across some issues when it came to accepting payments.

Following the Elavon issues from June, when they announced that their service will no longer accept Visa payments for the cannabis industry, many companies have since been scrambling to find a way to sell their products online. This was a huge hit considering Visa is the largest credit card issuer in the entire world. 

Thu
01
Aug

Digipath Seeks to Expand Beyond Testing, Pursues New Revenue Opportunities

Each month new regulatory walls crumble and more growers enter the marketplace, looking to secure their place among the myriad producers of cannabis, CBD, Hemp and a vast array of derivative products and market uses. If you’re reading this article, you already know this. One company trading in the public markets is positioned quite differently to benefit from this growth, having fashioned itself as a service provider in a unique manner.

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