Marijuana Business News

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Tue
19
Mar

Selection of THC-infused products to launch in Michigan provisioning centres by month’s end

Dixie Brands Inc. has executed a definitive agreement with Michigan’s Choice Labs that will see a selection of THC-infused products available for sale in the state’s provisioning centres by the end of the month.

The agreement—which runs for 10 years, with two five year options to renew—relates to the joint venture licensing agreement the two companies announced on Feb. 6, 2019, notes a statement from Dixie Brands, a consumer packaged goods company that services the cannabis industry. Choice Labs, for its part, is a medical cannabis company licensed by the State of Michigan to grow, process and sell cannabis.

Tue
19
Mar

A detailed look at how Aurora Cannabis can produce 700,000 kilograms a year

The marijuana industry is growing like a weed. According to various Wall Street prognostications, the global cannabis industry could be generating upwards of $50 billion to $75 billion in annual sales roughly one decade from now. That's a boatload of cash, and all the more reason for pot growers to double down on capacity expansion.

Although there are 11 growers that are currently on pace for more than 100,000 kilograms in peak annual output, according to their respective management teams, none stands out more than Alberta-based Aurora Cannabis (NYSE:ACB).

Tue
19
Mar

Cannabis café a hazy relic as marijuana's new retail paradigm takes over

Peter Horvath does not particularly like the idea of a cannabis cafe. He does not like a lounge either — or a bar, or any place to buy and sit and use cannabis.

“It sounds like a repulsive experience to me,” the chief executive of Green Growth Brands, a cannabis producer with a burgeoning retail division, said over the phone from Columbus, Ohio.

Low-margin cafes and smokey consumption lounges, Horvath said, are just impractical. “So how do you make money?” he asked. “It’s like saying, ‘I want to own bars.’ Have you ever watched a Bar Rescue episode? What a mess bars are.”

Tue
19
Mar

Tilray Stock rises in after market trading on earnings

Tilray Inc. (TLRY) delivered its full year and fourth quarter results on Monday after the closing bell. The stock initially dipped, but then reversed course to move higher by 3% to lately trade at $74.50.

Fourth Quarter

Revenue increased to $15.5(C$20.9) million, up 203.8% compared to the fourth quarter of last year and beating the Yahoo! Finance analyst average estimate for $14.15 million. The company said that revenue was driven by bulk sales, inaugural sales in the Canadian adult-use market and accelerated wholesale distribution in export markets.

Tue
19
Mar

Jefferies expects CBD beauty market to reach $25 billion in 10 Years

After initiating coverage of the cannabis industry Feb. 25, Jefferies analysts have followed up with their take on the CBD segment, particularly CBD beauty products. The research firm estimates that the CBD category could reach $25 billion globally in the next decade and will amass 15 percent of the total skincare market.

Tue
19
Mar

The man behind Jelly Belly is launching a new cannabis-infused candy

When it comes to cannabis-infused candies, the first things that come to mind are chocolate bars and gummi bears. But one famous candy maker is hoping to change that by introducing a line of cannabis-infused jelly beans, writes Calvin Hughes.

Tue
19
Mar

Marijuana is the fastest-growing industry in the US job market, according to a new report

The US added 64,389 full-time legal cannabis jobs in 2018, according to a new report.

That outpaces growth in other sectors in the job market. Job openings in the cannabis industry have also surged.


Forget the energy industry. Marijuana appears to be the fastest-growing job sector in the US.

The US added 64,389 full-time legal cannabis jobs in 2018, according to a new report from the cannabis website Leafly and the consultancy Whitney Economics. That represented a 44% increase in total positions, which rose to 211,000.

Tue
19
Mar

Will Ontario cannabis shops be ready for April 1? For some owners it’s touch and go

When Clint Seukeran spotted the email revealing he would be among the first Ontarians to get the chance to open a cannabis store, he thought the missive was spam.

Then his brother took a peek and pointed out it was real.

“My first reaction was shock, but then I realized we have a lot of work to do,” said Seukeran, who owns a coconut water distribution company, but has never dabbled in the cannabis business.

“I knew I was a fish out of water.”

He quickly set to work, choosing a Brampton plaza for his Ganjika House store, but with under three weeks until opening day, he said finishing construction and hiring staff were still on his to-do list.

Tue
19
Mar

5 big predictions for cannabis this year

Just a few months into 2019, and it’s proving to be another wild year for the cannabis industry. More states will legalize cannabis both for medical and recreational use, and pressure is mounting on the federal government to follow suit. 

Here are some trends to watch. 

Tue
19
Mar

3 marijuana stocks to watch this spring

The cannabis stock sector is currently the hottest sector, and you can make big money by buying pot stocks. However, while there are many companies that are trading publicly to choose from, you should be careful, because not all of them will survive in the long term.

To help you in your choice, I’m presenting three promising pot stocks that could boom in the coming months.

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