Marijuana Business News

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stocks
business
Wed
15
May

Analysis optimistic about progress in the Asian cannabis market

Cannabis is deeply rooted in the continent of Asia, where a cultural, medicinal and spiritual relationship with the plant stretches back into remote antiquity. The harsh prohibition regimes in many Asian countries are likely to be pried open over the next years, allowing for fast growth of a regulated cannabis market.

Wed
15
May

How banking challenges impede the growth of the cannabis industry today

With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services.

Until legislation like the SAFE Banking Act, which is currently in the House of Representatives, shifts the headwinds, cannabis companies will continue to have limited access to financial products most businesses take for granted. Here are some of the key challenges presented by the cannabis banking landscape today.

Wed
15
May

3 ways marijuana stocks are tricking investors

Early supply-chain issues in Canada and California aside, the marijuana industry really has the feel of a once-in-a-generation growth opportunity. It racked up $12.2 billion in global legal sales in 2018, and Wall Street investment bank Cowen Group is calling for up to $75 billion in worldwide sales by 2030.

Wed
15
May

Tilray revenue soars nearly 200%, net loss grows in first quarter

Tilray Inc. expects Canada's cannabis supply could become balanced within the next two years, while the cannabis producer ramps up its production and manufacturing footprint in the country.

CEO Brendan Kennedy said Tuesday that the company now believes Canada will reach a supply balance in the next 18 to 24 months. In mid-March, Kennedy had estimated the country would be in oversupply over the next 18 months.

The change comes as the industry continues to struggle at ramping up production in the current regulatory environment, he said during a conference call with investors after the company released its first-quarter results.

Wed
15
May

Marijuana stocks to watch as we enter the second half of May

The year 2019 thus far has been pretty exciting when it comes to cannabis stocks. With so many legislative changes and shifts in the public perception of the substance, it seems as though the potential with cannabis is quite endless. The majority of investments into the industry has been to companies that grow the substance in its raw form. With this in mind, there is also a varying amount of potential with the companies that produce products or offer services to the market. The only rules about cannabis are to not be prejudice about the company and do the proper research before investing.

Wed
15
May

Changing lanes: The legal marijuana impact on the green market

More and more states are proposing to legalize marijuana for either medicinal or recreational use and in some cases both. The results have already been enormous. The legal changes have generated a burgeoning industry of legal cannabis companies, including those which intend to research and develop cannabis-based medical products, those which are operating to distribute marijuana seeds online, and many others. Nowadays, more than half of U.S. states have medical marijuana laws on their registry. Some other states have legalized certain amounts of marijuana for recreational use as well.

Tue
14
May

Colorado marijuana sales in March hit highest monthly total ever

Marijuana sales keep breaking records in Colorado, where dispensaries collected more money in March 2019 than in any other month since recreational pot sales started in January 2014.

According to the state Department of Revenue, legal marijuana products totaling over $142.4 million were sold in March, with recreational pot responsible for the bulk of that. Both recreational and overall sales set records for a single month, beating out the next-highest month, August 2018, by a little over $1 million.

Tue
14
May

Canada’s oldest and largest independent brewer will release a line of cannabis beverages

Canada’s oldest and largest independent brewer is making a big splash in the cannabis industry.

New Brunswick’s Moosehead Breweries, which has been in the beer business for more than 150 years, recently announced plans to release a line of cannabis-infused drinks to the Canadian market through a joint venture with Sproutly – a licensed cannabis producer based in Toronto. 

Tue
14
May

Cannabis stocks join market downturn ahead of major earnings reports

Cannabis stocks were mostly lower Monday, amid a broad market tumble related to a trade fight between the U.S. and China.

Tue
14
May

Americans need to understand the laws surrounding marijuana and hemp

The recent legalization of hemp has brought much confusion to the American public, making it easier to unknowingly commit a crime.

Congress legalized hemp with the Farm Bill Act just a few months ago, and in doing so it also legalized the production of hemp. This made it so that the commercial production of hemp-made CBD oil is legal.

Now, since hemp is federally legalized – unlike its cousin marijuana, it is getting increasingly more important to understand the difference between the two.

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