Marijuana Business News

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stocks
business
Tue
17
Jul

Medical marijuana sales are dropping in recreational states

In states that have both an active medical marijuana program and a legal recreational market, medical sales are dropping as many patients are now opting to get their cannabis through the easily accessible retail system, where prices tend to be lower and the range of available cannabis products is broader, writes Calvin Hughes.

Tue
17
Jul

California agencies release proposed permanent marijuana rules

Last Friday, July 13, 2018, all three agencies overseeing California’s implementation of the Medicinal and Adult-Use Cannabis Regulation and Safety Act (“MAUCRSA“) dropped proposed permanent regulations that will eventually replace the readopted emergency regulations that are active now.

Tue
17
Jul

7 Canadian cannabis headlines you need to know

The cannabis sector was under pressure yesterday, and Canadian cannabis stocks traded lower during this time. Over the last week, selling pressure has accelerated and we are monitoring this trend.

Earlier this month, Canada’s senate passed legislation to allow for the sale of recreational marijuana (starting on October 17th) and the cannabis sector traded on higher on this.

The market has given up its gains following this milestone and today, we have highlighted 7 important company updates following this:

Mon
16
Jul

California: Pot delivery, edibles and ads could change under new, permanent rules

Cannabis retailers soon may be able to deliver marijuana anywhere in California, no matter what city or county rules say.

Also, it’s likely that medical marijuana patients will be allowed to buy edibles infused with cannabis more potent than currently permitted under state law.

And on another front, the rules for what companies can and can’t say when advertising cannabis products soon could become more strict.

All three shifts are among the new rules listed Friday by state regulators in their long-awaited draft of permanent regulations for California’s cannabis industry.

Mon
16
Jul

Cannabis advocates and illicit growers have burning questions about government contracts

The B.C. liquor board’s announcement last Thursday of the cannabis companies it will partner with come Oct. 17 has small-business advocates raising red flags while some of B.C.’s illicit growers are decidedly indifferent.

A comparison of the liquor board’s list of suppliers alongside Health Canada’s records of the licensing status of those cannabis companies reveals five of the 31 partners announced by the liquor board have yet to obtain “sales” licences allowing them to provide cannabis to a retailer.

Mon
16
Jul

Marijuana mayhem: Drivers in Canada set up to get busted for stoned driving

“It’s like shooting fish in a barrel.” – Unknown

While the Canadian stoner class eagerly awaits the official launch of the nation’s recreational marijuana market, law enforcement is devising a semi-evil plot to bust motorists -- potentially innocent ones -- for stoned driving. It is a situation that is bound to spawn an uprising in controversy, lawsuits and heaping piles of unwarranted convictions.

Mon
16
Jul

Brazil is mulling over marijuana legalization

The largest country in South America is mulling over marijuana legalization. Earlier this week, Brazil's socialist Worker's Party has introduced a bill that would legalized medical as well as recreational cannabis in the South American country. And while support for legalization is high among voters, the opposition to marijuana reform remains strong in Brazil, writes Calvin Hughes.

Mon
16
Jul

A drive-thru cannabis dispensary just opened up in Washington State

The first drive-thru cannabis dispensary just opened for business in Washington state. And the staff of Joint Rivers are thrilled to be following in the footsteps of the Nevada-based shop Cannabis Marketplace, which became the very first drive-thru dispensary when it opened in November 2017, writes Calvin Hughes.

Mon
16
Jul

The 3 biggest problems with marijuana's Schedule I Classification

Although 30 states have legalized cannabis in some capacity, the federal scheduling of pot is a major headache for businesses and medical patients.

Practically everywhere you look, legal cannabis is expanding at a breakneck pace. For instance, Canada passed the Cannabis Act (officially bill C-45) on June 19, setting up Oct. 17 to be the first day that adults can legally purchase recreational weed. Canada is also the first industrialized country in the world to have given the green light to adult-use cannabis.

Mon
16
Jul

Aurora Cannabis selects Shopify to power global eCommerce platform

Aurora Cannabis Inc. announced today that it has reached an agreement with Shopify Inc. ("Shopify"), one of the world's leading multi-channel, online commerce companies, to leverage the Shopify platform as Aurora's ecommerce engine for medical and recreational cannabis distribution globally.

Working closely with Aurora Cannabis' industry-leading software engineering team, Shopify will assist in transitioning Aurora's current ecommerce site to a new, Shopify-developed platform, improving the customer experience for Aurora's current medical and future adult consumer use customers. One of the key benefits of the Shopify platform is its rapid and seamless scalability as Aurora executes on its domestic and international expansion strategy.

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