Marijuana Business News

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Tue
18
Sep

Class is in session at Canada's first 'pot school'

Niagara College offering instruction on growing weed. The school year may be two weeks old, but there's still a buzz at one college in southern Ontario over a program not available anywhere else in the country. "I never thought five years ago, maybe even two years ago, that we'd be here in this classroom starting a course on commercial cannabis production," said professor Bill MacDonald.

MacDonald is the head of Niagara's College's new cannabis program. On the first day of school, he not only had students huddled around him, but also reporters and cameras. The root of the excitement is that Canada is just over a month away from making pot legal for recreational use, and licensed cannabis producers across the country are hiring greenhouse staff as they ramp up operations.

Tue
18
Sep

Canada: Quebec retailers will not be allowed to sell anything decorated with a cannabis leaf

Cannabis will be legal in Quebec next month, but the image of the cannabis leaf will remain prohibited in the Canadian province, writes Calvin Hughes.

Earlier this week, the provincial government announced plans to make Canada's already restrictive cannabis packaging regulations even more so.

Tue
18
Sep

Tilray receives approval from U.S. government to import a cannabis study for California medicinal cannabis research

Tilray Inc. (NASDAQ:TLRY) today announced that the U.S. Drug Enforcement Administration (DEA) has granted approval to import a cannabinoid study drug into the United States from Canada for a clinical trial at the University of California San Diego (UC San Diego) Center for Medicinal Cannabis Research (CMCR) examining its safety, tolerability and efficacy for Essential Tremor (ET).

Mon
17
Sep

Coca-Cola is eyeing the cannabis market; report says in talks with Aurora

The world's largest beverage company says it is interested in developing drinks containing CBD — the non-psychoactive ingredient in marijuana.

The world’s largest beverage company may be the next industry giant to jump into the cannabis drinks business.

Coca-Cola Co. says it’s monitoring the nascent industry and is interested in CBD — the non-psychoactive ingredient in marijuana — for beverages as soda consumption slows. The Atlanta-based soft drinks maker is in talks with Canadian marijuana producer Aurora Cannabis Inc. to develop the drinks, according to a report from BNN Bloomberg Television.

Mon
17
Sep

Lift & Co., Canada's premier cannabis resource, commences trading on the TSX venture exchange

Lift & Co. announces that its common shares are set to commence trading following the opening of the market today under the new ticker symbol "LIFT" on the TSX Venture Exchange ("TSXV").

Mon
17
Sep

Black market marijuana is a big problem, and this new survey proves it

California's cannabis market is leading by example. However, it's not a good example.

The marijuana industry is just over a month away from making history. Following the passage of the Cannabis Act by Parliament on June 19, our neighbor to the north, Canada, is set to become the first industrialized nation to legalize recreational marijuana on Oct. 17. When fully legal, adult-use weed is expected to add billions in annual revenue to the industry.

Mon
17
Sep

The first country to legalize pot is taking it slow

The first country to legalize recreational marijuana is still going through growing pains in setting up its market.

Uruguay, which legalized the drug nationally in 2013, is in no rush. The Latin American country wants to do it the right way, and that means, at least initially, a lot of restrictions.

"They're very aware that they're the first in the world to do this," said John Walsh, director for drug policy and the Andes at the Washington Office on Latin America. "They've run with a tightly controlled model to show the world that they have control over the system."

Mon
17
Sep

Marijuana legalization in New York State is inevitable

The question “Should NY legalize marijuana sales to persons 21 years of age or older?” has already been decided. The public is in favor — 63 percent of us say yes. Those who agree represent all political parties, genders, races and ethnicities.

New York state has invested time and resources to study the health, social and economic impacts of legalization in states where marijuana is legal. Economists have run the numbers estimating sales and tax revenue and jobs creation potential for New York state. Conclusions overwhelmingly support legalization in New York state.

Mon
17
Sep

3 Top marijuana stocks Wall Street expects to drop at least 25%

The green rush may soon have investors seeing red.

The big day is rapidly approaching. In just over a month, on Oct. 17, recreational marijuana will go on sale in licensed dispensaries throughout Canada. When fully legal, the sale of adult-use weed is expected to usher in high demand and big dollar figures for the industry.

In anticipation of this legalization -- and the big profits that are projected to follow -- marijuana stock investors and Wall Street have pushed the valuations of many pot stocks into nosebleed territory. Some of these marijuana stocks are still valued modestly below Wall Street's consensus price target per share.

Mon
17
Sep

Marijuana use is suddenly "booming" with this group of people

This is what you call "turning over a new leaf".

The green rush is officially on. In 32 days, Canada will lift the curtain and allow recreational marijuana to be legally sold in licensed dispensaries. Although Uruguay became the first country in the world to legalize adult-use pot, Canada is set to make history by becoming the first industrialized nation to do so. And with this legalization comes the expectation of billions of dollars in annual sales flooding into the industry.

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