Marijuana Business News

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stocks
business
Tue
10
Jul

Canada: Medical cannabis producer Canopy Growth's plan to enter the new recreational marijuana market

As Canada prepares to become one of the few developed nations to legalize adult-use of marijuana, prices of pot stocks in the country have been sky-rocketing over the past year. Given the vast opportunity that the passing of the Cannabis Act will bring starting in October of this year, there seems to be a strong upside potential for these Canadian cannabis stocks.

Tue
10
Jul

A sneak preview of one of Canada’s first legal marijuana stores

Adult use recreational marijuana will be legal in Canada on October 17, 2018.

As we write this, every Canadian province is working to get ready. But one province is leading the pack: the Maritime province of New Brunswick, writes Neil Bonner.

Tue
10
Jul

Holding weed? Your Uber driver can get you banned from the app

Your Uber driver is not your friend. In fact, they may very well be narcing on you right now — and you could get banned from the ride-hail app as a result.

The company's Community Guidelines strictly prohibit "bringing open containers of alcohol or drugs into the car," and that apparently includes weed. Marijuana, of course, is recreationally legal in nine states and the District of Columbia, but that doesn't mean Uber is cool with it. 

Tue
10
Jul

Tree of knowledge is a global CBD opportunity to watch

Although many companies are focused on the production of marijuana that is high in THC, demand for CBD derived products continues to grow.

The surge in demand is not surprising as many people have started to recognize the benefits of CBD, which is a non-psychoactive chemical compound found in cannabis. This means that CBD does not get you high.

We have been focused on companies levered to this burgeoning market and came across Tree of Knowledge (CSE: TOKI), which is focused on the production and sale of CBD products via its subsidiary, EVR Brands.

Tue
10
Jul

Israel's Together to sell cosmetics based on cannabis, Dead Sea minerals

Israel’s Together Pharma said on Tuesday it will set up a new company with Premier Dead Sea to sell cosmetics based on cannabis and Dead Sea minerals.

The firm said the products would be based on CBD, or Cannabidiol — a constitute of the cannabis plant that is used in some health products. Together said it believes that the CBD market is worth hundreds of millions of dollars.

“CBD has a variety of properties that are beneficial to various diseases because of it anti-inflammatory, anti-bacterial, anti-oxidant and anti-aging properties, and its market is expected to grow 700 percent by the year 2020,” it said.

Tue
10
Jul

Music festivals across Canada look to find space for legalized marijuana

By next summer, after cannabis is legalized in three months, the area at the Ottawa Bluesfest for medical-marijuana patients and cigarette smokers will be opened up to anyone who wants to use the drug.

Hidden behind a thicket of porta-potties directly east of the main stage, Ottawa Bluesfest’s first cannabis-consumption zone drew only a few tobacco smokers over the course of several hours on opening night last Thursday.

But by next summer, after cannabis is legalized in three months, the area for medical-marijuana patients and cigarette smokers will be opened up to anyone who wants to use the drug. Organizer Mark Monahan says the so-called “pot garden” is the first of its kind at any music festival in the country.

Mon
09
Jul

Corona owner’s Constellation Brands make $700 million from marijuana investment

Last fall, Constellation Brands invested $200 million in Canadian cannabis producer Canopy Growth.

Less than a year after Corona’s parent company Constellation Brands announced it was investing in Canadian cannabis producer Canopy Growth Corp, the company’s CEO has announced that it has made more than $700 million on the deal, according to Bloomberg.

Mon
09
Jul

The NCAA is quietly softening its ban on cannabis

Cannabis consumption continues to be heavily regulated in the world of professional sports. But, at the college level, things are changing, writes Calvin Hughes.

Mon
09
Jul

These 4 marijuana stocks made the best moves in 2018 so far

Politically, at least, 2018 is turning out to be one heroic year for the cannabis industry. Canada became the first G7 nation to legalize recreational marijuana. Epidolex became the first cannabinoid medicine to earn the approval of the U.S. Food and Drug Administration (FDA). And Canopy Growth became the first cannabis company to list on the New York Stock Exchange.

At the halfway point, it is time to look at which marijuana stocks are coming out ahead. These are the four marijuana stocks with the best move in 2018 so far:

Mon
09
Jul

The single biggest reason why US marijuana sales will skyrocket

There are more U.S. states that allow some form of legalized marijuana than there are states that don't. And the numbers are moving more in that direction. Oklahoma voted just a few days ago to legalize medical marijuana. Voters in Michigan will decide on allowing legal recreational pot in November.

An estimated $8.5 billion was spent on legal cannabis in the U.S. last year, according to "The State of Legal Marijuana Markets" report published by ArcView Market Research and BDS Analytics. But this amount could be only a fraction of what's to come. U.S. marijuana sales are likely to skyrocket over the next several years, and there's one big reason why.

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