Marijuana Business News

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stocks
business
Fri
21
Sep

3 Beverage giants that should be looking for a cannabis partner

Sluggish sales could coerce these well-known beverage makers to turn to the green rush.

Whether you realize it or not, marijuana is big business. In our neighbor to the north, recreational weed is set to be legalized in 27 days. When the curtain is finally lifted, demand is expected to overwhelm the market, and in the process put loads of cash into the pockets of businesses up and down the cannabis supply chain. But this growth isn't lost on companies outside the cannabis industry. The past two months have featured no shortage of deals in the marijuana arena between brand-name companies and the pot industry.

Fri
21
Sep

New Jersey’s new adult-use cannabis bill just might pass

New legislation proposes lowest weed tax in nation.

In January of this year, Phil Murphy became governor of New Jersey for a slew of reasons, not the least of which was his promise to legalize weed in the Garden State within his first 100 days in office. That benchmark has come and gone, but lawmakers continue to work on it and now a new legalization bill is finished, polished and ready for possible implementation.

Fri
21
Sep

Law enforcement blasts relaxed rules on marijuana home delivery

Nearly a year into marijuana legalization in California, top law enforcement officials are fighting a proposed rule allowing pot deliveries anywhere in the state. Meanwhile, one cannabis industry leader agrees with their concerns.

Matt Lucero of Buddy’s Cannabis in San Jose has been in the business for nearly a decade. And business is booming for him, even as state and the county pass new laws on the industry. “It’s a steady, continued growth,” Lucero said.

While Lucero said he makes certain to follow the law, he’s aware that many others are not. “The black market is alive and well. And right now delivery drivers are the way that the black market is getting their product to folks,” Lucero told KPIX 5.

Fri
21
Sep

It's high times for soaring marijuana stocks on Wall Street

Reefer Madness has gripped Wall Street.

Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill.

Fri
21
Sep

3 Canadian cannabis stocks to watch going into the weekend

The cannabis sector has become a major topic discussion with mainstream financial media outlets and this is a trend that we are watching.

The interest was driven by some high-flying stocks and we are monitoring how the sector closes out the week. Today, we wanted to highlight 3 companies that have been highlighted on CNBC and provide an update on these leading Canadian opportunities.

Tilray: Watching the Decline

After trading as high as $300 a share, Tilray (TLRY) has been trending lower is trading near the $160 level this morning. The Canadian cannabis producer has been one of the hottest stocks to watch and mainstream media has been all over this story.

Fri
21
Sep

Could these 3 marijuana stocks be on their way to $100 billion market caps?

Profiting from widespread global use of marijuana could result in pot stocks with valuations of more than $100 billion someday.

Shares in marijuana stock Tilray (NASDAQ:TLRY) are surging on optimism it could capture a significantly larger share of the emerging marijuana market. Its market cap is already flirting with $20 billion, but that could still undervalue this company's opportunity if a recent projection by Tilray CEO Brendan Kennedy pans out.

Fri
21
Sep

‘Cannabis is sexy’: Marketers are ditching traditional companies for the weed industry

Chris Melillo spent 10 years at Nike, working his way up to senior director of stores before joining medical marijuana startup Curaleaf as svp of retail. For Melillo, the move was personal as well as professional. While working at Nike, his mother died of cancer, and he wished she’d been able to use cannabis to ease her pain. He saw how he could use his skills to make dispensaries welcoming environments for consumers.

Fri
21
Sep

Growing pains: License delays, enforcement issues irritating marijuana businesses in Alaska

Two years after the state’s first cannabis entrepreneurs received their licenses, business owners are still wrestling with hangups in the regulatory system.

Fri
21
Sep

Retail investors in Canadian cannabis are 'buying air,' analyst says

Canadian marijuana stocks are overvalued, because they are still just commodities, Sean Stiefel, founder and cannabis portfolio manager of Navy Capital, told CNBC on Wednesday.

"We think things have gotten a little bit silly," Stiefel said on CNBC's "Closing Bell." "Valuations now have truly gotten ahead of themselves, and the retail investor here is now buying air, effectively."

Stiefel's comments come amid volatility in medical marijuana company Tilray's stock. The company on Tuesday announced that the Drug Enforcement Agency approved its efforts to export a cannabinoid study drug into the United States from Canada for a clinical trial.

Fri
21
Sep

Marijuana museum opens in Las Vegas to celebrate all things cannabis

A glass bong taller than a giraffe. Huggable faux marijuana buds. A pool full of foam weed nuggets. Las Vegas’ newest attraction — and Instagram backdrop — is a museum celebrating all things cannabis.

Nobody will be allowed to light up at Cannabition when it opens Thursday because of a Nevada ban on public consumption of marijuana, but visitors can learn about the drug as they snap photos. It’s a made-for-social-media museum where every exhibit has lights meant to ensure people take selfies worthy of the no-filter hashtag.

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