Marijuana Business News

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stocks
business
Mon
24
Sep

These marijuana stocks are outselling Tilray

Tilray's revenue is growing, but its not nearly as big a cannabis company as its competitors are.

Investors' optimism over marijuana's future has turned Tilray Inc. (NASDAQ:TLRY) into the biggest marijuana stock by market cap; however, Aurora Cannabis (NASDAQOTH:ACBFF) and Canopy Growth (NYSE:CGC) are much bigger companies based on marijuana production and revenue.

Could they benefit more than Tilray from Canada's approaching recreational market?

Mon
24
Sep

Will Oregon be the first state to allow marijuana shipments across state lines?

It’s now common knowledge in the cannabis industry: Oregon’s got a massive surplus problem.

According to the state’s regulatory tracking system, the state has an excess of $1 million dollars of unsold flower—more than three times the amount purchased last year. In Oregon’s overcrowded market, grams go for as little as $4.00 at some Portland dispensaries while licensed growers across the state are going out of business. The Craft Cannabis Alliance—an association of cannabis and allied businesses in Oregon—thinks they have a solution: allow Oregonians to ship their weed to other states that have legalized it.

Mon
24
Sep

Billboards urge Utah to vote for medical marijuana by quoting Mormon scripture

Utah’s Prop 2 is fast becoming a struggle between supporters of medical marijuana and the Mormon church. 

Utahns will have the chance to vote on medical marijuana this November.

In the months leading up to the vote, the battle is heating up.

In particular, the Church of Jesus Christ of Latter-Day Saints (LDS), commonly known as the Mormon church, has become the biggest opponent of Proposition 2. This week, an anonymous, pro-medical marijuana billboard showed up. In voicing support for Prop 2, the ad appears to target the Mormon church specifically.

Utah’s Proposition 2

In November, Utah residents will vote on Proposition 2. If it passes, the initiative would make medical marijuana legal in the state.

Mon
24
Sep

Canada estimates $1 Billion in legal cannabis sales in first three months

Beyond the $1 billion dollar estimate, Statistics Canada is anticipating the illegal market will drop dramatically.

Statistics Canada, the organization behind Canada’s census and hundreds of other crowdsourced data collection programs, is predicting that the country’s legal cannabis sales could reach as high as $1.02 billion from the commencement of the retail market on October 17 through the end of the year.

StatCan derived its Q4 estimates from census population data and statistics from the National Cannabis Survey. And beyond the remarkable sales projection, StatCan is also estimating a dramatic shift away from the illicit market as consumers mass-transition to legal purchases.

Mon
24
Sep

Cannabis and banking: An ongoing impasse for U.S. pot businesses

One of the biggest dilemmas facing America’s legal cannabis industry is the reluctance by most financial institutions to work with pot businesses.

That avoidance is due to the U.S. federal government’s prohibitions on cannabis. And the federal illegality of cannabis has made banks, credit unions and other financial firms shy away from cannabis companies, out of concerns they could open themselves up to federal prosecution.

As a result, most cannabis companies transact business on a cash-only basis; a situation that makes these businesses vulnerable to robbery, money laundering and other criminal acts.

Fri
21
Sep

Feds seeking help to learn more about Canadian cannabis sold on ‘cryptomarkets’

The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions.

In less than a month, Canada will become the first industrialized country to legalize recreational marijuana. The Liberal government has argued the end of cannabis prohibition will prevent criminals and, in particular, organized crime from getting their hands on the lucrative proceeds of Canada’s illicit grass market.

But when it comes to illegal online cannabis transactions, the federal Public Safety Department is seeking outside help to learn more about the prominence of Canadian weed on mysterious platforms on the Internet’s “dark web” — known as “cryptomarkets.”

Fri
21
Sep

A closer look at the effects of Colorado's legal marijuana industry

Many local and state leaders urge Michiganders to vote against legalizing recreational marijuana. West Michigan law enforcement leaders made their case Wednesday September 19, 2018 against legalizing recreational marijuana.

Voters will decide on the issue in November. In their news conference, prosecutors used examples from other states that have legalized pot, to explain why they think it would be bad for Michigan.

Fri
21
Sep

Michigan marijuana legalization proposal does not contain protections against employee drug tests

Michigan voters will almost certainly legalize recreational marijuana this November. And while that may be a huge victory, it turns out the state will not have protections in place for legal marijuana users, writes Joseph Misulonas.

Fri
21
Sep

First medical cannabis dispensary set to open in Brooklyn by end of year

Brooklynites are closer than ever to getting access to legal medical marijuana in their own borough.​

The borough of Brooklyn in New York City is slated to get its first medical marijuanadispensary by the end of this year, according to a release from cannabis company Citiva Medical. The firm is one of ten medicinal cannabis providers licensed by the state of New York.

Amy Holdener, the director of marketing and communications at Citiva Medical, told High Times via email that the company is looking forward to opening its new dispensary.

Fri
21
Sep

Can CBD be a cure for nicotine withdrawal?

Cannabidiol, known affectionately as CBD, can help break nicotine addiction, but can it also help one get through withdrawal periods? The answer is a little more complicated than a simple “yes” or “no”.

CBD works with endocannabinoid system in the body and is known to affect serotonin receptors and others that are known to play a role in addictive behaviors. Although THC is the most well-known cannabinoid, unlike THC, CBD is non-psychotropic in nature with little to no side-effects.

It seems with every year passing, more and more benefits are being attributed to CBD. A compound with many medical benefits and little to no side-effects, of course is an extremely attractive topic for medical research.

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