Marijuana Business News

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Wed
31
Mar

Western Australia Hemp Trial Update

Western Australia’s Department of Primary Industries and Regional Development says crops associated with its latest round of industrial hemp trials are in the ground.

The trials, now in their second year, will examine the potential for growing hemp in the state for grain production. This year, the research has been expanded beyond the Manjimup Research Facility to include a site at Busselton in the southwest of the state and another site much further north at the department’s Kununurra Research Facility.

Wed
31
Mar

All Those Fears About Marijuana Legalization Never Materialized

A new survey of recent research into the impact of marijuana legalization shows that many of the fears used to argue against legalization never happened. For example, concerns about increased crime, more traffic accidents, and more people missing work? None have come to pass. In fact, legalization may have helped reduce claims on state workers' compensation programs by giving older workers a way to manage pain better.

Tue
30
Mar

Is Self-Checkout the Next Big Thing In Cannabis Retail?

How much easier would self-checkout at grocery stores be if the entire shopping experience took place at a kiosk that takes the order and payment and then an employee handed over a cart full of groceries?

That is essentially what AUSA Corporation’s new Cocoon kiosks do for customers looking for an expedited shopping experience.

Tue
30
Mar

Cannabis in Greece: The Nevada of Europe?

A new draft law currently on the desk of the Ministry of Development and Investment is likely to change the equation in not only Greece itself on the cannabis question, but the rest of Europe.

Tue
30
Mar

Cannabis Industry Growth in 2021

There is no doubt the cannabis industry has experienced rapid growth in the last few years. The industry has gained legalization in many locations, while other states are trying hard not to affirm it. This industry's dynamic growth sets its peak into 2021 as cannabis is gaining legalization globally, spreading its tentacles worldwide. Some factors aid the growth of this industry, helping it achieve more ground as time passes. Some of these factors are;

Rules and regulation in the States

Mon
29
Mar

Regulatory and taste issues slow CBD formulation efforts

hemp seeds

KANSAS CITY — Knowing regulatory requirements and getting rid of unwanted tastes will prove crucial when working with cannabidiol (CBD), a hemp extract.

COVID-19 had a negative effect on sales last year, but the CBD category still shows promise. The total US hemp-based market stood at $912 million in 2020, up 0.4% from 2019, according to New Hope Network/Nutrition Business Journal, which expects sales growth to pick up in the middle of 2022 and forecasts the market to reach nearly $1.4 billion in 2023. The food and beverage category made up 0.5% of the US hemp/CBD market in 2020.

Mon
29
Mar

Hexo Stock: Should Investors Buy As This Cannabis Player Expands Into Europe?

marijuana plants

Canadian legalization of cannabis has resulted in an absolute boom in pot stocks in recent years. Indeed, this past year has been no different. Canadian-listed cannabis stocks have more than doubled from March 2020 lows.

That’s a great thing for cannabis investors looking for a move with tonnes of upside. However, some analysts believe these moves have resulted in cannabis valuations getting ahead of their valuations right now.

Mon
29
Mar

Is There a Market for Delta-8 Hemp Flower?

marijuana plant

By 2025, Delta-8 products may triple in the market, leading to more choices in products for consumers.

Many CBD products are available today, but not many people know about Delta-8. In this article, we’ll explore Delta 8 hemp flower as well as market size, and future forecasts for the compound.

What are Delta-8 Flowers and Do They Exist?

Delta-8 Tetrahydrocannabinol is a psychoactive compound of specific molecules that are found in the cannabis plant. Delta-8 is usually found in Delta-9 (the psychoactive compound of molecules we all know, THC). Delta-8 has a slightly different “high” effect than Delta-9 THC.

Mon
29
Mar

Cannabis Stock Watchlist: New York, Aphria, Sundial Growers

stock market charts

See how cannabis stocks like Sundial Growers, Trulieve and Tilray performed last week after New York agreed to a deal to legalize marijuana use.

The cannabis sector was down this past week as investors turned their backs on speculative stock plays and looked at reopening stocks to buy as the U.S. gets closer to fully reopening its economy.

Cannabis stocks received a boost this past week when New York agreed to a deal to become the 16th state to legalize recreational marijuana. 

Cannabis stocks were pointing towards starting the week higher with the benchmark ETFMG Alternative Harvest ETF  (MJ) - Get Report rising after closing out Friday's session down 0.4%. Shares are down Monday.

Mon
29
Mar

3 Leading Cannabis Stocks Posted Blowout Earnings Last Week, but Their Stocks Fell Anyway

screen display of stock fluctuations

Time to pounce?

Last week was a big one for U.S. cannabis companies, with several leading multistate operators (MSOs) posting their fourth-quarter earnings results. Three leading MSOs -- Green Thumb Industries (OTC:GTBIF), Trulieve Cannabis (OTC:TCNNF), and Cresco Labs (OTC:CRLBF) -- all beat revenue and earnings expectations handily.

Yet each cannabis stock was down for the week, some materially so. That was despite not only good company results, but also positive developments on U.S. federal and state regulations. So is the post-earnings dip a buying opportunity for these companies?

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