Marijuana Business News

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stocks
business
Thu
02
Jul

Jamaica To Allow Online Medical Cannabis Sales

Jamaica has a very long history with the cannabis plant. Cannabis is a big part of the culture in Jamaica, is used for religious purposes throughout the country, and grows very well there.

Some of the best cannabis on the planet is cultivated in Jamaica, and the island nation is home to an emerging medical cannabis industry.

Adult-use cannabis remains illegal in Jamaica; however, a growing number of suffering patients are able to find relief through Jamaica’s medical cannabis program.

Soon, patients in Jamaica will be able to purchase cannabis in a new way that harnesses technology.

Thu
02
Jul

Marijuana industry using tobacco’s old tactics of preying on kids, study says

The unethical choices the tobacco industry made decades ago marketing its addictive and harmful products to kids and the lax government oversight that allowed it to happen are playing out again in California’s legal weed industry, according to

Thu
02
Jul

Novel Food Consortium to protect Europe’s hemp industry

The European Industrial Hemp Association has launched an industry consortium to share the burden of Novel Foods applications.

Wed
01
Jul

It’s Complicated: Can You Sell Cannabis Online?

The legal cannabis market is growing exponentially every single year.  Experts estimate that the industry will be worth more than $73.6 billion by 2027. Despite its popularity, this swiftly growing sector is missing out on one of its biggest potential markets — e-commerce. Can you sell cannabis online?

Wed
01
Jul

What's in a name? Canadians ignoring pot branding, survey finds

It's been almost two years since Canada legalized cannabis and pot producers have spent millions of dollars marketing their wares in the hope that consumers would know their Tweeds from their Trailblazers. 

Most of that money may have been completely wasted, according to a new survey that looks at how well Canadians can identify some of the brands available at legal pot shops across the country. 

The survey, published by Brightfield Group, polled 3,000 Canadians in the first quarter of the year. It found that brand awareness remains low, which is confusing consumers and resulting in "decision fatigue." Roughly two out of every five respondents said they were aware of Canopy Growth Corp.'s Tweed brand, while 17 different brands had less than 20 per cent name awareness.

Tue
30
Jun

Pot slump creates distressed opportunities

Cannabis stocks have lost about a quarter of their value in the first half of 2020, compounding a 50 per cent drop in 2019.

The upside for investors? There’s never been a better time to do distressed deals, according to Codie Sanchez, managing director at private equity firm Entourage Effect Capital LLC.

Liquidity in the sector has been diminishing since the first quarter of 2019 but now that trend is “on steroids,” with private companies’ access to capital almost completely dried up, Sanchez said at a virtual conference hosted by Prohibition Partners last week.

Tue
30
Jun

Two Marijuana Stocks To Watch Heading Into July

Will Next Month Produce Gains For These Marijuana Stocks

Tue
30
Jun

Another Cannabis Founder Is Out At Aurora Cannabis

It’s been a rough road for some of the OG’s of the cannabis industry. Today, Aurora Cannabis (NYSE:ACB) said its Co-Founder Terry Booth had retired from his role as Director of the Company, effective June 26, 2020. Mr. Booth was the Chief Executive Officer of Aurora from December 2014 through February 2020 and served on Aurora’s Board of Directors since December 2014.

Tue
30
Jun

Hemp Futures: a growing hemp producer in Estonia

Stephen J Wyatt, founder and CEO of Hemp Futures, based in Estonia, tells MCN about the importance of customer engagement and accountability.

Estonia-based CBD producer Hemp Futures was founded in 2019 with the goal of creating ‘clean, green and organic’ products; and operates across more than 68 hectares of certified organic land.

Tue
30
Jun

The bright future of the CBD market and the impact of COVID-19

SovereignPort CEO Sarah Roberts Yetman speaks to MCN about the future of the global CBD market and fears over the long term impact of COVID-19.

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