Marijuana Business News

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stocks
business
Thu
05
Sep

Top 5 cannabis industry scandals

These five events come complete with drama and intrigue that make the cannabis industry so interesting, if not entertaining.

Every industry has its fair share of scandals. Just look at the pharmaceutical industry and the opioid crisis or Bernie Madoff’s Ponzi scheme or Enron’s accounting fraud. All are terrible and the size of those schemes may make the cannabis industry scandals look like small potatoes. Still, these top five events come complete with drama and intrigue that make the cannabis industry so interesting, if not entertaining, to be a part of.

Wed
04
Sep

US and Canada cannabis market set to be worth over $47.3 billion by 2024

North America’s legal cannabis industry could be worth more than $47.3 (€43.23~) billion annually by 2024.

The North American Cannabis Report finds that despite Canada becoming the first G7 country to legalise adult-use cannabis, US cannabis market growth will greatly exceed its North American neighbour. Currently the most profitable industry in the world, the US, is expected to enjoy triple-digit growth by 2024, despite not having legalised cannabis on a federal scale.

Wed
04
Sep

Why invest in the Jamaican cannabis industry

Jamaica has something no other country in the world does – a synonymous relation with cannabis that is admired and respected. Thanks to reggae and Rasta over the past 60 years, every non-Jamaican wants to experience smoking Jamaican cannabis. This creates both an enviable aura and an amazing prospect of what is possible for Jamaica’s cannabis brand.

Here are four reasons it’s worth investing in the local industry:

ROI

Jamaica has one of the lowest cannabis production costs in the world thanks to its year-round tropical climate. Many leading cannabis producers rely on indoor grow with help of high-wattage bulbs, which means increased power consumption.

Wed
04
Sep

Barbados-based medical marijuana businesses required to ensure local ownership

The Ministry of Agriculture in Barbados is requiring that any foreign cannabis companies that set-up shop in the country must ensure that locals own at least 30% of the business. This Medical Cannabis Bill 2019 was introduced in the House of Assembly in a bid to establish a legal industry. If this bill is adopted, Barbados would permit medical cannabis just as Jamaica, St Vincent & the Grenadines, and Antigua & Barbuda have. The Agriculture Minister gave a presentation on the bill which revealed that international companies have to create subsidiaries for local Barbadians.

Wed
04
Sep

Cannabis industry contributions to State of Nevada break $100 million

Nevada’s cannabis industry has broken the $100 million dollar mark in taxes and fees for the first time. Dispensaries, cultivators, laboratories and producers have paid more than $109 million in taxes and fees in fiscal year 2019.

$99.18 million was paid in taxes compared to $74.7 million last year. How much of that went to education is not yet available from the state. However, changes to the law this year under the leadership of Governor Sisolak mandate that 100 percent of taxes will go to education in future years. For the next two years, the state is projecting more than $100 million per year in tax collections. Cannabis sales were also up from $529 million in fiscal year 2018 to approximately $639 million in fiscal year 2019, an increase of $110 million.

Wed
04
Sep

New BDS analytics report forecasts CBD sales to reach $20 billion by 2024

A new report from BDS Analytics titled “The Global Cannabinoids Market: Will CBD Overtake THC?” is forecasting that CBD sales will reach $20 billion by 2024. This would account for nearly 44%  of the $45 billion total forecasted
cannabinoid market (which includes legal cannabis).

Wed
04
Sep

Hemp cultivation in Europe

Hemp cultivation in Europe is well established with a tradition dating back hundreds of years. Currently, it is estimated that Europe cultivates up to 25% of the world's hemp. France alone accounted for 40% of the European production, with at least 20 other countries contributing to the European Union's total.

European hemp cultivation has been on a major upswing for the last several years, as producers and consumers become more excited about new usage opportunities.

Tue
03
Sep

3 best marijuana stocks of August -- are they buys now?

August was a dismal month for most marijuana stocks. More than half a dozen pot stocks with market caps greater than $200 million plunged 20% or more during the last month. Several others fell by double-digit percentages.

But there were a few exceptions to the August carnage. Three marijuana stocks performed really well last month: 22nd Century Group (NYSEMKT:XXII), Aphria (NYSE:APHA), and The Green Organic Dutchman (OTC:TGODF). Here's what drove these pot stocks higher and whether or not they're good picks to buy now.

Tue
03
Sep

This small African Nation is the key to tremendous growth for pot stocks

Getting in on the ground floor of a potentially revolutionary venture before it explodes is one of the best ways for pot stocks to grow. That growth may be all at once, or it may be slow and steady, but if the whole sector begins turning towards one trend or one factor that reliably leads to profit, the companies that established an early position in that factor will see the greatest benefit.

This is why Canadian companies are so well-positioned in the cannabis industry. Early legalization allowed corporations across Canada to become first-movers in a number of key markets.

Tue
03
Sep

3 top marijuana stocks to watch in September

August wasn't a great month for most marijuana stocks. For that matter, neither was May, June, or July. Ups and downs come with the territory with investing in marijuana stocks, though.

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