Marijuana Business News

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stocks
business
Mon
18
Mar

Buy this, not that: The marijuana stock edition

There's little doubt that the fast-paced marijuana industry has the undivided attention of Wall Street and investors. This year alone, global sales growth in the industry is expected to clock in at 38%, with revenue expected to hit as high as $75 billion by 2030, up from less than $10 billion globally in 2017.

On the surface, it would appear as if nothing could possibly go wrong for the cannabis industry. After all, support for legalization in the U.S. is at an all-time high, and Canada became the first industrialized country in the world to greenlight recreational weed in October. This move by Canada is a blueprint that other developed nations can potentially follow.

Mon
18
Mar

3 marijuana stocks with a killer advantage

Let's face it: Marijuana is a commodity. That makes it challenging for marijuana businesses to differentiate themselves from the competition. But it's not impossible to do so.

Actually, three marijuana stocks appear to be in great shape to stand out from the pack for a long time to come. You could even say that Canopy Growth (NYSE:CGC), Cronos Group (NASDAQ:CRON), and Scotts Miracle-Gro (NYSE:SMG) have a killer advantage. Here's why.

Mon
18
Mar

Edibles legalization fraught with hurdles, lack of clarity, companies say

From the classic pot brownie to cannabis-infused cotton candy, there is no shortage of options for edibles at an illicit dispensary in downtown Toronto.

Among the people lining up to browse and buy, one 34-year-old IT worker chooses gummy bears for what he says is his first-ever edibles purchase. The Toronto man, who did not want to be named, said he preferred edibles over smoking cannabis because he can avoid the pungent smell and partake indoors.

“These are more convenient,” he said, adding that among his friends who are cannabis users, half of them say edibles are their form of choice even though they aren’t legal in Canada yet.

Mon
18
Mar

German battle nearing endgame as Aurora ramps up medical marijuana imports

Germany’s medical agency is preparing to announce the results of its cannabis licensing tender later in the coming months, with 13 cultivation and supply bids due to be approved.

The European Union’s largest market has thus far made a pig’s ear of its licensing process, having legalized medicinal cannabis in 2017, but indications are the courts will side with the government over the application process and allow business to resume.

Fri
15
Mar

Construction to start this summer on N.W.T.'s 1st cannabis production facility

The man who aims to become one of the Northwest Territories' first players in Canada's fledgling cannabis industry hopes to break ground on his new facility this summer.

Jordan Harker wants to grow and make cannabis products, such as oil and edibles, in Yellowknife's Engle Business District.

To do this, he needs a cultivation licence and a processing licence from Health Canada, security clearance from the RCMP and development permits from the City of Yellowknife.

Harker, who has not settled on a name for his company, passed what he calls an "important milestone" this week, when he received warm reception about his plans from Yellowknife city council.​

Fri
15
Mar

Shut-down meatpacking plant to be reopened as medical cannabis facility

In an example of the opportunity that legal cannabis can offer economically depressed communities, a former meatpacking plant in Michigan that has sat idle for almost 25 years will soon be reopened as a medical marijuana facility. OrganiLife, located in Saginaw County in Chesaning, Michigan, will begin operations later this month at its cultivation and processing facility in a 30,000 square foot building growing 4,500 plants. The site also has 16 additional buildings that could eventually house 500,000 plants if business conditions warrant the expansion, according to property owner Beau Parmenter.

Fri
15
Mar

An interview with Dinafem Seeds: Europe’s king of feminized seeds

The evolution of cannabis genetics around the world is at a pinnacle. And with many advancements in breeding projects, the technology to produce feminized seed is now a reality. Producing top quality seeds is easier said than done, however. High Times sat down with Professor OG (not his real name) from Dinafem Seeds, a renowned European seed bank best known for their feminized, auto-flowering, and CBD seeds, and talked to them about breeding projects, working with CBD lines, upcoming releases, and how popular feminized seeds are across the pond.

Fri
15
Mar

A greener green: Solar power the best option for cannabis sustainability

Most cannabis producers would consider themselves ecologically responsible. They strive for sustainability by embracing organic grow practices whenever they can. They take pride in supplying a natural product that comes directly from the earth.

Even those who aren’t thinking about sustainability will at least pay it lip service. They know that the environmentally aware crowd is well represented among cannabis consumers and advocates. Eco-conscious investors are increasingly including cannabis stocks in their green portfolios.

Fri
15
Mar

Washington lawmakers give hemp room to grow

Nearly identical hemp bills have passed the Senate and House, giving Washington farmers the chance to catch up with growers in some other states.

The Senate voted 49-0 on Tuesday to lift restrictions on where hemp can be grown, where seeds can be obtained and how harvested plants can be used. The House last week embraced the same policies in a 95-0 vote.

“I’m excited. I’m still letting it sink in,” said lobbyist Bonny Jo Peterson of the Industrial Hemp Association of Washington. “I’ve been confident, but I’m still amazed it’s going the way it’s going.”

Fri
15
Mar

Ontario unlikely to meet promise of 25 cannabis shops by April 1, analysis shows

Ontario is unlikely to meet its target of having 25 privately owned cannabis shops open by April 1, an analysis of licence applications shows.

Four of the lottery winners who won the right to apply for the coveted first wave of licences haven’t even announced their locations yet.

For those four, from Toronto and the GTA, the deadline looks impossible. The public is allowed 15 days to comment after locations are posted. Lottery winners have five days to reply to those comments. That’s a total of 20 days, and as of Thursday there were only 17 days remaining until April 1.

For another five stores, the public comment period ends between March 19 and March 27, which is tight timing.

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