Marijuana Business News

Synonyms: 
stocks
business
Thu
16
May

CBD E-commerce up in the air as Visa halts payment processing

Payment processors for the CBD industry recently notified all of their e-commerce customers who sell cannabidiol that they will no longer be able to process Visa Payments.

As of this morning, May 15, many CBD business had yet another obstacle thrown in their path when they were notified that they could no longer accept Visa payments on their sites. Some companies received less than 8 hours of notice before these changes took place and others were forced to stop accepting Visa payments weeks ago.

Thu
16
May

Aurora Cannabis sold 9 tons of marijuana last quarter

Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact.

Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to a slow start in Canada, but on Tuesday evening the Edmonton, Alberta-based Aurora Cannabis reported that its net revenue grew 20% from the December period, to reach 65 million Canadian dollars (or US$48.5 million) for the March period. Aurora’s recreational sales grew 37% sequentially.

Thu
16
May

Big box retailers are eyeing CBD from afar

Following in Walmart’s footsteps, multiple large chain stores are prepping for the inevitable day that CBD products will be filling their shelves.

A few weeks ago, Walmart signed a deal with New Age Beverages and, love them or hate them, Walmart has always been good at staying ahead of the trends. Now, other big box retailers are taking heed and working on securing their own contracts for CBD products. Some of these companies include Target, Kroger, and Safeway.

Thu
16
May

Many cannabis companies underperformed in the last quarter

Many cannabis companies have reported smaller sales than expected, and the market is trading down in the light of several mishaps this week.

Cannabis companies in Canada have released their quarterly financial reports, and by the looks of it – things are not going great for some of them.

The stocks of many cannabis companies have been going down this week. Some industry insiders are attributing this to the general downturn of the market affected by the trade war between the U.S. and China.

Industry experts have also pointed out that the supply problems are constantly obstructing the growth of the cannabis market.

Thu
16
May

Aurora doesn’t expect much appetite for cannabis-infused beverages

Aurora Cannabis Inc. (ACB.TO) isn’t planning to invest heavily in cannabis-infused beverages amid concerns about demand for the product, company executives said on Wednesday.

During a conference call with analysts, the Canadian cannabis producer’s executives downplayed the company’s efforts in investing in the pot drinks space as they anticipate “low market share” when the sale of such products becomes legal in Canada later this year.

Wed
15
May

Marijuana stocks continue to show why they’re so popular

The marijuana stock market has been fueled by a large amount of upward momentum over the course of the past year or so. In that time, we have seen the market shift completely to allow for one of the friendliest investor spaces to be seen. With so much changing in terms of the public opinion of the substance as well as the legislation that surrounds it, it seems as though now is a better time than ever to take a second look at the world of cannabis.

Wed
15
May

Report: Unlicensed LA dispensaries are selling dangerous knock-offs

Burdensome and irksome, arbitrary and protectionist, the many webbed network of laws governing commercial cannabis in California are there for at least one reason even hardcore libertarians should grudgingly appreciate: They are meant to prevent consumers from purchasing knock-off products that have the potential to do them harm. This is noble and good.

Wed
15
May

The future of cannabis: Trends to watch out for

The value (and fun) in data analysis is its capacity to help divine the future and ascertain where best to invest time, energy and money. A new year hints at what’s coming—giving a clearer view of things ahead.

Wed
15
May

Mary Jane: How the cannabis industry can win women over

The cannabis wave that is washing over the U.S. is finally starting to eschew one of the most egregious stereotypes that the plant is just for men. We know this to be untrue by merely looking at the facts. In 2018 the total number of female cannabis consumers grew by 92 percent. Women currently make up 38 percent of cannabis users, but that is expected to increase to 50 percent by 2022.

Pages

Subscribe to RSS - Marijuana Business News