Marijuana Business News

Synonyms: 
stocks
business
Wed
16
Jan
Wed
16
Jan

Study: Cannabis legalization hasn’t hurt liquor sales in the U.S.

Although there has been a lot of debate over whether marijuana is hurting the alcohol industry, liquor sales are actually doing quite well in some states where weed is now legal for recreational use. It seems most hardcore drinkers are not switching to weed and, well, cannabis users typically do not have a voracious appetite for booze. Industry experts say they feel confident that their sliver of the inebriation culture would not suffer at all if cannabis were made legal at the federal level.

In Colorado, Oregon and Washington, it’s business as usual for the alcohol trade. In fact, hard liquor sales are actually up in those jurisdictions, according to the Distilled Spirits Council.

Wed
16
Jan

Global recreational cannabis market projected to reach $32 billion by 2022

The 6th edition of the State of Legal Marijuana by ArcView and BDS Analytics projects that the global cannabis market will grow to $32 billion by 2022.

The State of Legal Marijuana is one of the most anxiously awaited prospects of the cannabis industry. This report covers the global cannabis market but it mostly focuses on the places where marijuana was recently legalized—the United States and Canada.

Wed
16
Jan

Marijuana stocks: Tilray stock falls as IPO lockup expires; AG nominee won't 'go after' marijuana companies

Tilray stock tumbled on Tuesday after the Canadian cannabis producer's IPO lockup expired. Investors looked past a deal the company struck to market and supply cannabis products with a firm that boasts a huge retail presence and scores of household-name brands as partners. While Tilray (TLRY) fell, other marijuana stocks were mixed.

Meanwhile, Attorney General nominee William Barr said he would not "go after" cannabis companies operating in states where it is legal.

Wed
16
Jan

Canopy Growth to build first U.S. hemp production facility in New York

Canopy Growth Corp. will spend as much as US$150 million to build its first production facility in the U.S. after the Canadian cannabis company was granted a hemp license by New York state.

The U.S. farm bill legalized hemp and hemp-derived cannabidiol last month, creating a rush among Canadian pot firms that were previously unable to enter the U.S. market. Canopy said Monday it’s been granted a license by New York to process and produce hemp and plans to establish a hemp industrial park in the state focused on extraction and product manufacturing.

“I applaud the political leadership at the federal and state level that has allowed today’s announcement to become reality,” Canopy Chief Executive Officer Bruce Linton said in a statement.

Wed
16
Jan

Pot retailers forced into waiting game after Ontario's licence lottery

Some of Ontario's potential cannabis retailers say they are in wait-and-see mode after the province awarded 25 potential retailers the right to apply for cannabis retail licences on Friday.

The country’s largest cannabis retailer – National Access Cannabis Co. (META.V) - was among the many companies shut out on Friday and its CEO viewed the lottery as a flawed process.

“Taking 25 would-be, hopeful retailers, bringing them in and hoping that they’re going to be successful? That’s very low probability,” said Mark Goliger, the company’s CEO, in an interview with BNN Bloomberg on Monday.

Wed
16
Jan

Will this unique marijuana stock raise its dividend in 2019?

Marijuana stocks have taken the investing world by storm, and after a rough year in 2018, many cannabis-related companies have gotten out to a roaring start in 2019.

Tue
15
Jan

What makes a hotel 420-friendly? Portland's jupiter hotel might have the answer

Despite the cannabis industry’s multi-million-dollar boon, the hospitality industry has been anything but hospitable to cannabis, even in legal states, writes Courtney Eldridge.

Tue
15
Jan

Michigan companies are 'gifting' marijuana, at least until legal pot stores open

While Michigan voted to legalize recreational marijuana in 2018, there are, of yet, no licensed stores from which to buy it in the state. Consequently, companies are turning to other options for distributing the substance within their borders, writes Brandon Hicks.

Tue
15
Jan

UConn’s new cannabis course brings scientific rigor to the art of growing

Beginning next week, students at the University of Connecticut have the chance to take a pioneering new course in cannabis horticulture. The course, titled “Horticulture of Cannabis: from Seed to Harvest,” aims to train students in all aspects of the cannabis cultivation process.

Importantly, this course represents progress on multiple fronts. For starters, it is part of an increasing focus on bringing scientifically-proven and evidence-backed processes to the world of cannabis cultivation. Additionally, the course is part of a growing trend in which colleges and universities are beginning to train students to enter the legal cannabis industry.

Pages

Subscribe to RSS - Marijuana Business News