Marijuana Business News

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stocks
business
Wed
17
Jul

Senate schedules hearing on marijuana business banking access

In one of the clearest signs of marijuana reform's growing momentum on Capitol Hill, a Republican-controlled Senate committee has scheduled a hearing for next week that will examine cannabis businesses' lack of access to banking services.

Tue
16
Jul

1 top cannabis stock you can buy and hold for the next decade

The cannabis industry is expanding at a torrid clip. Investment bank Cowen expects global cannabis sales to grow to $75 billion by 2030, while Bank of America analysts believe the marijuana market could one day generate $166 billion in annual sales.

One marijuana company, Aurora Cannabis (NYSE:ACB), is particularly well positioned to capture a substantial portion of the industry's profits in the coming decade. Read on to learn more about it.

Tue
16
Jul

Company looking to ‘brew’ cannabinoids secures $50 Million investment

On Thursday, one biotechnology company in the San Francisco Bay Area announced that it had just completed a massive fundraising round and secured $50 million, thanks to the fact the company has genetically modified brewer’s yeast so that it can ferment sugar into cannabinoids.

Tue
16
Jul

Canadian cannabis: entering the European and global markets

Discover how Canadian cannabis producers like Aqualitas are helping to bridge the gaps between patient needs and the continent’s currently limited cannabis production.

Tue
16
Jul

4 little-known cannabis stocks making big gains in 2019

When you think of cannabis companies, the first names that come to mind are likely the most publicized ones, such as Canopy Growth Corporation, Aurora Cannabis Inc, and Aphria. Since there are more than 100 marijuana stocks in the market, there are some that fly under the radar. Today we have discovered four lesser-known cannabis stocks that have made big moves so far in 2019.

*Share prices as at close Thursday, July 11, 2019, data obtained from S&P Capital IQ

Tue
16
Jul

The flowering of the U.K. underground

Tue
16
Jul

Cannabis will be a $200B industry by 2029, says Wall Street Analyst

Some analysts are very confident that the global cannabis industry will rake in a ton of cash within the next ten years, writes Calvin Hughes.

Predicting growth of any industry or market isn't an exact science, and depending on who you ask, you're likely to get very different forecasts on the future. The global cannabis industry is no different. But one thing that analysts do agree on is that the market has no where to go but up.

Tue
16
Jul

Will the rise of outdoor cannabis cultivation create more opportunities for small farmers?

Thanks to marijuana's history of prohibition, and growers' need to hide their crop, many people think of cannabis cultivation as an indoor operation with bright lights, in a nondescript location. While it's true that a lot of cannabis is grown this way, the plant also has a long history of outdoor cultivation, including and especially mom-and-pop farms in places like northern California, writes Christine Giraud. 

Outdoor cultivation is making a comeback in the legal market, but tough regulations and a lack of capital, among other things, are making it hard for small-scale outdoor farmers to get licensed and be profitable.

Mon
15
Jul

Leading cannabis brand Bhang Corporation goes public

Florida-based cannabis company Bhang went public on Thursday, with shares in the company beginning trading on the Canadian Stock Exchange. Shares in the company are listed under the ticker symbol BHNG and were up more than 70 percent in Friday morning trading.

Bhang currently owns a family of eight active brands with more than 100 cannabis and hemp products including cannabis edibles, beverages, oral sprays, pre-rolls, terpenes, and hemp-derived CBD consumer goods. The brand’s products are manufactured, sold, and distributed by the company directly and through licensing agreements with partners in jurisdictions with legal cannabis.

Mon
15
Jul

The 3 most profitable marijuana stocks you can buy right now

In 2019, the vast majority of licensed cannabis producers have been losing money at a time investors were expecting the profits to start rolling in. Among those with at least $20 million in annual sales, all but a handful reported losses in the most recent quarter. 

The Public Cannabis Company Revenue Tracker at New Cannabis Ventures currently lists just seven companies in North America with operations that squeaked out a profit during their most recent quarter. Here's how the top three performers have been able to make money while their peers report accelerating losses. 

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