Marijuana Business News

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stocks
business
Wed
13
Mar

Cannabis-infused beauty products are going to grab a piece of a $167 billion market

  • Beauty products infused with cannabidiol, or CBD, are going to grab 15% of the $167 billion skincare market in a decade, Jefferies says.
  • CBD has been linked to a range of potential health benefits, and does not get you high.
  • Due to this wellness benefit, retailers are selling CBD-based products like teas, beer alternatives, coffee, supplements, and dog treats. 
Wed
13
Mar

Recreational cannabis isn't the cash cow the government hoped for

This month the federal government sent the first cannabis excise tax payments to the provinces. But almost none of the amounts was disclosed. That’s likely because the cheques were smaller than officials had expected. But perhaps it’s also because medical cannabis clients think the taxes are unfair.

British Columbia is the only province so far to disclose its excise tax revenues: $1.3 million for October to December 2018. It had expected $50 million total this fiscal year, but now will be lucky to get $3 million. Other provinces haven’t disclosed their receipts. Manitoba didn’t even mention cannabis revenues in last week’s budget.

Wed
13
Mar

Quebec cannabis giant HEXO acquires Newstrike Brands in $260-million deal

Quebec cannabis giant HEXO Corp. is acquiring Newstrike Brands Ltd. — the Oakville-based mid-sized cannabis company backed by The Tragically Hip — in an all-stock deal worth $260 million, both companies announced early Wednesday morning.

The deal is the biggest yet to take place between two sizeable Canadian cannabis companies post-legalization in a crowded industry where the top two players — Aurora Cannabis Inc. and Canopy Growth Corp. — control just under 50 per cent of domestic recreational cannabis sales.

Wed
13
Mar

Nosing out the cannabis competition: U.S. patent sniffs IP rights for terpene-based pesticide

Digipath, Inc. reports it has filed a U.S. provisional patent application in a bid to secure “a method of using natural, plant-based, non-toxic compounds instead of chemical pesticides in cannabis and hemp cultivation.”

The patent application relates to “a method of determining terpene-based biocontrol agents for cannabis and hemp,” notes a statement from the service-oriented independent testing laboratory, data and media firm focused on developing cannabis and hemp markets. Terpenes are compounds responsible for the aroma of cannabis.

Wed
13
Mar

Aurora Cannabis strikes oil in Germany, and higher revenue and profit margins should be on the way

Nearly everyone has focused on Aurora Cannabis' (NYSE:ACB) great opportunity in the Canadian recreational marijuana market. The company has gotten off to a pretty good start with that opportunity, capturing a 20% market share in its latest quarter.

But nearly everyone also knows that Aurora's future rides largely on international medical marijuana markets. The largest of these international opportunities right now is Germany. On Tuesday, Aurora Cannabis announced that it had begun selling cannabis oils to German pharmacies. It's a milestone that should mean that higher revenue and profit margins are on the way. 

Wed
13
Mar

Marijuana's dividend giant just boosted its payout -- again

It's no secret that marijuana stocks have drawn the attention of many interested investors. With the rising acceptance of cannabis for its medicinal properties as well as its recreational appeal, cultivators are working hard to boost their production capacity in order to take advantage of newly legal markets in key jurisdictions across the globe.

Wed
13
Mar

Colorado may have cannabis tasting rooms in 2020

Coloradans are a step closer to being allowed to smoke in social settings thanks to a bill that was introduced last week.

 House Bill 19-1230 would allow a regulated system for people to consume cannabis in social settings. With a proper license, it would allow cannabis hospitality establishments to run where there would be some product sales but would ultimately provide a space for people to consume their cannabis.

If the bill is passed, establishments could be allowed as early as January 2020.

Wed
13
Mar

Why marijuana stock Cronos Group has skyrocketed 104% so far in 2019

What happened

Shares of Cronos Group (NASDAQ:CRON) have already more than doubled this year, according to data provided by S&P Global Market Intelligence. The Canadian cannabis producer is benefitting from a host of powerful growth catalysts. 

Tue
12
Mar

What Marijuana REIT Innovative Industrial has to show investors Thursday

Marijuana stocks took a sizable hit in 2018, but they've taken advantage of a fresh start to climb to new heights in the first couple of months of 2019. Many of the best-known cannabis cultivation companies have seen their stocks soar especially high, but one noteworthy player in the marijuana industry has seen similarly strong returns despite having no direct exposure to production or cultivation of cannabis.

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