Marijuana Business News

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Mon
14
Jan

Aurora to acquire Whistler

Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) announced today that the Company has entered into a letter of intent to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction valued at up to approximately $175 million, including certain milestone payments (the "Transaction").

Mon
14
Jan

Aleafia fulfills first transaction under cannabis supply agreement with CannTrust

Aleafia Health Inc. (TSXV: ALEF, OTC: ALEAF) has sold two cannabis crops to CannTrust Holdings Inc. (TSX: TRST), together, representing the first transactions under the Parties’ previously announced 15,000 kg cannabis supply agreement for 2019.

The two crops purchased by CannTrust were harvested at Aleafia’s indoor Port Perry cultivation facility. They will supplement CannTrust’s offering of high-quality cannabis for its growing medical patient base, which now includes more than 58,000 registered customers, and CannTrust’s four recreational brands: liiv, Synr.g, Xscape and Peak Leaf.

Mon
14
Jan

Stop taxing medical marijuana, says Canadian patient

Medical marijuana is the only doctor prescribed medication in Canada that patients have to pay taxes on, writes Calvin Hughes. 

In Canada patients don't usually have to pay taxes on the prescription medications. That is unless your prescription is cannabis. In those cases you're paying the same tax rates as anyone buying the substance from the recreational market. For some patients, like Rebecca Katz of Saskatoon, those extra fees make purchasing their medication a serious financial burden.

Mon
14
Jan

Medical marijuana hits market in Ohio this week

The state's roll out of medical marijuana has hit plenty of delays. However, the first medicinal marijuana patients are likely to have recommendation filled this week. Here's a look at what to expect.

Editor's note: This is the first of a three-part series examining medicinal marijuana in Ohio, which is expected to be available this week.

The long wait is almost over for supporters of medical marijuana in Ohio.

After months of delays, the first batches of medical cannabis are expected to be sold this week to approved patients.

The state initially wanted marijuana products available in dispensaries by September. But thanks to delays, the state's cannabis growers didn't get started until last summer, and marijuana takes months to cultivate.

Mon
14
Jan

3 Top marijuana stocks to watch in January

With the recent farm bill legalizing hemp production in the United States and even more states moving toward at least partial acceptance of marijuana, marijuana-related businesses are generating new interest among investors. Still, not all stocks in the industry are worth considering investing in, even if the industry ends up growing like the "weed" marijuana is frequently known as.

Mon
14
Jan

Better Buy: Aurora Cannabis vs. Scotts Miracle-Gro

Aurora Cannabis (NYSE:ACB) and Scotts Miracle-Gro (NYSE:SMG) shareholders are probably glad that 2018 is behind them. Aurora's share price fell 35% last year -- although the steep drop stemmed entirely from dilution caused by issuing new shares -- while Scotts Miracle-Gro stock plunged nearly 43%.

It's a new year now, and both stocks have gotten off to a good start. 2019 should be a better year for both Aurora Cannabis and Scotts Miracle-Gro for several reasons. But which is the better pick for long-term investors? 

Mon
14
Jan

Is Aphria (TSX:APHA) stock the most-watched cannabis investment right now?

With leadership changes and a quarterly earnings report that shows considerable year-on-year growth, it’s hard to go a day without seeing headlines that pertain to legal marijuana heavyweight, Aphria (TSX:APHA)(NYSE:APHA). One of the most popular weed stocks on the TSX index, Aphria has become a key stock to watch when gauging the performance of this fascinating new Canadian industry.

Mon
14
Jan

Small businesses won big in Ontario's cannabis lottery

On Friday Ontario announced the winners of the provinces cannabis retail lottery—and the majority of them are mom and pop shops, writes Calvin Hughes. 

Fri
11
Jan

Gomes says he regrets marijuana zoning vote

Councilors stood and debated the future of marijuana in the city Thursday night.

Marijuana motions cluttered the agenda, however Councilor-at-Large Brian Gomes’ motion created the majority of the discussion.

Gomes requested that the City Council forward a letter of request to the Cannabis Control Commission (CCC) as to whether New Bedford is following state law regarding marijuana establishments in the city. The motion further ask that the CCC review the application and the zoning map and report back to City Council as to whether they meet the laws of the state’s Cannabis Commission.

Fri
11
Jan

Massachusetts cannabis board plans to write regulations for marijuana cafes, home delivery by summer

The Cannabis Control Commission hopes to finalize regulations for social consumption and home delivery of marijuana by this summer.

Chairman Steve Hoffman said Thursday that the commission intends to produce draft regulations by April, which will be available for public comment, with final regulations submitted to the secretary of state in June.

Social consumption means the opening of places like marijuana cafes or bars, or movie theaters and yoga studios that also sell marijuana.

Although Hoffman could not say when social consumption sites or home delivery would actually begin in Massachusetts, that appears to be a more aggressive timeline than regulators previously envisioned.

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