Marijuana Business News

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stocks
business
Fri
12
Jul

Africa’s budding cannabis market

A valuable market is emerging as countries across the world legalise cannabis for medical and recreational use. Shoshana Kedem reports on the opportunities for growers and investors in Africa.

Cannabis has been employed in traditional African herbal medicine since time immemorial. Today, much of the world is playing catch-up.

The multi-billion dollar global cannabis industry is booming as companies cite the benefits of medical marijuana for treating pain and inflammation and possibly even soothing mental illness and addictions. The global legal cannabis market could be worth $272bn by 2028, according to the 2018 European Consumer Staples Report from Barclays. 

Fri
12
Jul

THC Global racks up another Australian Cannabis Licence

THC Global (ASX:THC) announced on Tuesday subsidiary THC Pharma Pty Ltd has been awarded a Manufacture Licence from the Australian Office of Drug Control.

This licence is in relation to its facility in Southport, Queensland. CEO Ken Charteris claims it is the most significant licence granted in Australia so far as the company has the largest bio-pharma extraction facility in the Southern Hemisphere. Product validation activities at the Southport Manufacturing Facility are expected to be completed in the final quarter of this year.

Thu
11
Jul

Marijuana's "big four" stocks will likely lose money in 2020

The cannabis industry is likely to be a major moneymaker in the years to come. A new report from Arcview Market Research and BDS Analytics estimates that worldwide licensed-store sales -- which excludes cannabinoid-based pharmaceutical sales and cannabinoid sales in general retail stores, such as supermarkets -- could hit more than $40 billion by 2024, up from less than $11 billion in 2018.

Thu
11
Jul

Marijuana stocks fueled by alternative cannabis products

Alternative cannabis products have been the talk of the town for quite some time now. In only a short period of time, a series of new health and wellness products have almost taken over parts of the cannabis stock market. Many companies have begun to research and develop these products as the pot market demand becomes increasingly high. The demand for these innovative products remains very high. For this reason, now is more the time than ever to take a look at these marijuana stocks.

Thu
11
Jul

3 things to know before starting a cannabis business

With the ever-changing scope of the cannabis industry, there are many challenges to entry and success.  Here are a few tips from the founder of a collection of cannabis wellness shops that may help you assess your decision to get involved.  

1. Be prepared to face new challenges each and every day.

When I opened the first 7 Leaf Clover in 2017, council advised us not to use the term “CBD.” Not on our website. Not on our signs. Nowhere. We didn’t even say it in store. We said the whole word: cannabidiol.

Thu
11
Jul

More Canadians are flocking to the illicit cannabis market for lower prices

As legal cannabis continues to try to secure its footing in Canada, prices of illicit cannabis continue to drop while prices of legal cannabis continue to increase. Statistics Canada released a report earlier this week stating that, in some cases, legal cannabis costs 80 percent more than cannabis on the illicit market.

Statistics Canada said in their quarterly report that a gram of cannabis from the illegal market is on average $5.93 in the second quarter, fallen from $6.23 in the previous quarter. Legal cannabis has only become pricier, increasing to $10.65 from $10.21 in the previous quarter. This makes most legal cannabis in the country close to 80 percent more than cannabis on the illicit market.

Thu
11
Jul

CannTrust pot products pulled from Ontario stores amid Health Canada fracas

CannTrust Holdings Inc.'s (TRST.TO 6.31%) recreational cannabis products have been pulled from the shelves of Canada's biggest pot market, the latest blow to the company after Health Canada said it was non-compliant with certain regulations. 

Daffyd Roderick, director of communications for the Ontario Cannabis Store, the province's online retailer and wholesale distributor to pot stores, confirmed that CannTrust's products weren't available for sale. 

"Due to the Health Canada temporary hold on certain CannTrust cannabis products, OCS has voluntarily removed all affected products from distribution pending the outcome of the investigation," Roderick said in an email to BNN Bloomberg. 

Thu
11
Jul

American Eagle to start selling cannabis-based products this year

American Eagle Outfitters Inc will start selling cannabidiol (CBD)-infused personal care products in the United States later this year, entering a fast-growing market for daily consumer goods made with cannabis derivatives.

The apparel retailer will sell CBD-infused lotions, muscle balms and aromatherapy products developed and supplied by Green Growth Brands Inc, the Toronto-headquartered cannabis company said on Thursday.

The market for cannabis-based personal care is already crowded. French luxury goods maker LVMH’s Sephora beauty chain has been selling CBD-infused products since 2018 and ULTA Beauty Inc launched sales of similar products earlier this year.

Thu
11
Jul

2 cannabis stocks under $5 to buy right now

If you’re looking for stocks that have the potential to rise in value, then buying shares that are trading at low prices is one way to help improve those odds. With a low price, a stock can become more appealing to investors to own, as affordability is not an issue. It’s one of the reasons companies choose to use stock splits, so that share prices do not become too high that they impact liquidity. The two stocks listed below won’t have to worry about that anytime soon, as they trade below $5 and could be solid buys today.

Wed
10
Jul

Jay-Z partners with cannabis company as brand strategist

Jay-Z is heading into the legal marijuana industry as a chief brand strategist in partnership with a California cannabis product company.

The rapper said in a statement Tuesday that he entered a multiyear deal with San Jose, California-based Caliva. His role will consist of driving creative direction, outreach efforts and strategy for the brand.

Jay-Z says he also wants to increase the economic participation of people returning from incarceration through job training and workforce development.

The rapper called Caliva "the best partners for this endeavour."

Caliva operates a farm and two stores in Northern California. It also distributes its branded products in roughly two dozen other retail outlets in the state.

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