Marijuana Business News

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stocks
business
Fri
15
Mar

Vancouver chefs craft cannabis-infused dining experiences

When it comes to weed, munchies have always been a part of the consumption experience. If a few drags of a joint or a bong rip is considered the first course, a bag of chips is the entree, followed by an entire pint of ice cream for dessert—or some such variation on treats.

For chefs, however, the appetite-stimulating substance is a doorway into a new culinary art. And Canada is finally in the game.

“It’s been an absolute whirlwind. I could have never predicted the response,” chef Travis Petersen tells the Georgia Straight, reflecting on a weed-infused-dining series he started on 4/20 last year.

Fri
15
Mar

Banks don't want to work with marijuana companies. It's time for that to change

With thousands of cannabis businesses popping up in states that have legalized marijuana for medicinal or recreational use, one important problem remains: banking access.
Since cannabis remains illegal under federal law — and the federal government oversees all US banks and credit unions — banks are often skittish about granting bank accounts to these businesses. The failure to find a policy solution at the federal level has created several economic challenges and costly unintended consequences. Congress needs to pass legislation that makes clear that banks can work with marijuana companies in states that have legalized it without fear of penalty or costly red tape.
Fri
15
Mar

The largest U.S. marijuana deal in history was just announced

Big things are afoot in the marijuana industry. Following the legalization of recreational pot in Canada this past October, the legal weed industry has been validated like never before. As a result, global sales projections for cannabis are going through the roof. Some investment banks on Wall Street predict that annual sales could hit as high as $75 billion by 2030.

Fri
15
Mar

Cannabis player EnWave posts revenue growth of 73%

EnWave (TSXV:ENW) (NASDAQOTH:NWVCF) recently reported first-quarter results for fiscal 2019. Revenue soared 73% year over year, and, as with last quarter, earnings per share came in at breakeven.  

The Canada-based company makes all-natural dried cheese snacks and licenses, manufactures, and installs equipment for dehydrating organic materials, including cannabis. Its stock is listed on Canada's TSX Venture Exchange (along with the Frankfurt Stock Exchange), and also trades over the counter (OTC) in the U.S. 

Fri
15
Mar

Did this deal just make marijuana stock HEXO a bargain?

Canada's biggest marijuana stocks get the most attention. But the global marijuana market is worth $150 billion annually, and that suggests there's plenty of room for smaller pot stocks, including HEXO (NYSEMKT:HEXO). HEXO has been running under the radar compared to Goliaths Canopy Growth (NYSE:CGC) and Aurora Cannabis (NYSE:ACB); however, that could change following HEXO's decision to acquire Newstrike Brands for $263 million in shares. Is HEXO now a bargain worth buying?

Thu
14
Mar

Hemp is a new opportunity for Massachusetts farmers -- but current state law is locking them out

Growing hemp is now legal in Massachusetts, and in the United States. But many Massachusetts farmers still cannot grow hemp due to a barrier posed by state law relating to the definition of agricultural land.

Lawmakers are considering whether to change that law through a provision that could emerge soon for a final vote.

“We see farmers very interested in trying to diversify their crops,” said Sen. Adam Hinds, D-Pittsfield, who introduced a bill to change the law. “This stands to be a profitable crop as well. It’s useful for the commonwealth and for farmers trying to make a living.”

Thu
14
Mar

The case for allowing interstate trade among marijuana-legal states

Although marijuana has been illegal under the Controlled Substances Act since 1970, that will inevitably change. With two-thirds of the country currently in favor of legalizing recreational use—a remarkable shift, rivaled only by polling trends on same-sex marriage—Congress is beginning to read the smoke signals. Late last month, for example, Sen. Cory Booker (D-NJ) reintroduced the Marijuana Justice Act, which would legalize cannabis as a matter of federal law and expunge federal marijuana convictions.

Thu
14
Mar

Manitoba has potential vendors wanting to sell cannabis in rural areas

The Manitoba government says nearly 100 organizations have pre-qualified for the expansion of retail cannabis sales.

While it’s not known how many will be approved, the government is opening the door to new stores that it hopes will eat into the black market.

“Our goal remains for 90 per cent of the population to have access to retail (cannabis) within a 30-minute drive, within two years of legalization,” Blaine Pedersen, minister of growth, enterprise and trade, said in a written statement Wednesday.

“The ultimate goal is to move to an open market through a streamlined application process in order to ensure Manitobans can access safe, regulated cannabis supplies.”

Thu
14
Mar

What you should know about investing in cannabis

Saving for retirement doesn't have to be boring—especially now that you can trade honestly in the same commodity you bought from a guy in a van in your high school parking lot.

With cannabis rapidly going legal, experts say it's a rare chance to invest in a brand-new industry that is already known to be lucrative.

"People are viewing it as analogous to the end of alcohol prohibition," says John Torrens, professor of entrepreneurial practice at Syracuse University's Whitman School of Management. "In our lifetimes, we might not see a bigger opportunity than this. We're seeing a whole new industry born right in right of our faces."

Thu
14
Mar

In battle of hoop houses, cannabis wins

To the extent the battle over hoop houses is, in reality, a showdown between wine growers and a new wave of outdoor cannabis growers just now discovering the sublime virtues of the Santa Ynez Valley, Sara Rotman should be regarded as a warrior queen for Santa Barbara’s newest yet oldest industry ​— ​marijuana. In previous incarnations, Rotman had successfully invented herself as an icon of iconhood, a one-woman hi-glam fashionista branding machine. Over the years, she became world famous as the ass-kicking, globe-trotting, but brutally down-to-earth triple-A-plus personality marketing executive. Her company ​— ​My Own Damn Company (MODCo) ​— ​had offices in New York, Los Angeles, and Buenos Aires.

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