Marijuana Business News

Synonyms: 
stocks
business
Mon
17
Sep

Massachusetts credit union to provide banking services for cannabis companies

GFA Federal Credit Union will begin working with MA weed businesses on October 1.

Massachusetts’ retail cannabis market is perhaps a week or two away. For Massachusetts’ cannabis consumers and business owners, the official start of retail sales has been a long time coming. For regulators and law enforcement, however, several major concerns remain unsettled.

Mon
17
Sep

This has to be the most ridiculous reason ever for a pullback in marijuana stocks

There are good reasons why marijuana stocks could fall, but a border ban for cannabis investors isn't one of them.

Major Canadian marijuana stocks opened significantly lower on Friday after dropping in after-hours trading Thursday evening. High-flying Tilray (NASDAQ:TLRY), for example, opened 16% below its previous close. Canopy Growth (NYSE:CGC) opened 7.5% lower than its closing price on Thursday.

Mon
17
Sep

Heirs to alcohol fortunes turn their attention to weed

Adolphus Busch V—who in addition to having one hell of a name is also the great-great-grandson of the founder of Anheuser-Busch—isn’t betting on beer.

Instead, the New York Post reports, he’s putting his bucks behind legal weed with a new marijuana vape-pen company called ABV Cannabis. And he’s not the only one: Heir to the Jim Beam jackpot, Ben Kovler, recently took his cannabis company public in Canada. So why are these alcohol successors ditching booze for bud?

Fri
14
Sep

Florida: Legal battles mount over marijuana licenses

As the values of medical-marijuana operations skyrocket, wrangling over Florida’s limited number of pot licenses continues to escalate. Five wannabe operators who got shut out of the state’s first round of medical-marijuana licenses three years ago and recently were shot down a second time are asking a judge for help.

But first, Administrative Law Judge G.W. Chisenhall has to settle an even more basic argument: How many licenses are up for grabs?

Florida Department of Health officials maintain only two licenses are available under a 2017 law aimed at implementing a voter-approved constitutional amendment that broadly legalized medical marijuana. The 2017 law was also intended to curb litigation related to the highly sought-after licenses.

Fri
14
Sep

She left tech to start a cannabis-based line of female self-care products

Cannabis is a new industry but women have to overcome a lot of the same old barriers. Cyo Ray Nystrom, founder and CEO of Quim Rock, left her startup life in tech to launch a line of cannabis and CBD centered female self-care products. Her mission is to create plant-based products that enhance pleasure and foster sustainable practices for vaginal health.

Fri
14
Sep

‘We charge way too much’: Why Nevada’s pot prices are expected to drop

Marijuana prices in Nevada could soon decrease to fall in line with those in more affordable marijuana legal states like Oregon and Colorado, a leader in Nevada’s marijuana industry said Thursday.

Speaking to a crowd of more than 100 at the Las Vegas Medical Marijuana Association’s monthly luncheon, Acres Cannabis CEO John Mueller said price reductions could come as early as next year when up to 42 additional state dispensary licenses are issued for new pot stores to open across the state.

“We charge way too much money for this stuff,” Mueller said. “It’s going to come down.”

Fri
14
Sep

Better marijuana stock: MedMen Enterprises Inc. vs. CannTrust Holdings Inc.

Which stock wins in a matchup between a U.S. marijuana retailer and a Canadian cannabis grower?

Marijuana stocks aren't all alike. MedMen Enterprises Inc.(NASDAQOTH:MMNFF) and CannTrust Holdings Inc. (NASDAQOTH:CNTTF) prove the point. Their business models are very different. MedMen is a U.S.-based company, while CannTrust is headquartered in Canada.

So far this year, CannTrust has turned in a better stock performance than MedMen has. But which of these two marijuana stocks is the better pick for investors now? Here's how MedMen and CannTrust stack up against each other.

Fri
14
Sep

Are hasish edibles legal under medical marijuana laws? Arizona Supreme Court will decide

Attorneys for a Yavapai County resident are asking the Arizona Supreme Court to overturn a lower court decision which makes criminals out of medical marijuana patients who choose to use edibles and liquids rather than smoking the plant’s dried flowers and leaves.

In new filings, the lawyers contend the state Court of Appeals got it wrong earlier this year when it concluded in a 2-1 ruling that a 2010 voter-approved law that legalized the medical use of marijuana does not cover products made from hashish and other extracts of the plant. The majority concluded that hashish, essentially the resin of the cannabis plant and the products made from the resin are legally not the same as the plant itself and its possession remains a crime, even for medical marijuana users.

Fri
14
Sep

Canada’s maturing big cannabis targets Europe for expansion funds

A favourite of do-it-yourself stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by boosting efforts to woo European funds as countries across the region approve marijuana for medical use.

For some time, companies including Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. have been signing export deals with European governments, buying local companies and opening production facilities in the region.

This year, they have also stepped up pitching their businesses to European funds at conferences and road shows, betting their size and first-mover advantage will help replace fickle retail investors with more stable institutions.

Fri
14
Sep

Medical marijuana users may seek ‘alternative’ sources in event of Canada Post work stoppage, Canopy Growth says

Canada’s largest licensed producer of medical marijuana says a work stoppage at Canada Post could leave many of its customers without their medications, resulting in some looking for unregulated, black market sources of cannabis to fill the void.

“What ends up happening is that people either go without their medicine or they find an alternative source,” said Jordan Sinclair, vice president of communications at Canopy Growth Corp.

“Those are the choices people have. There is no other legal means of getting cannabis in Canada, aside from through the mail.” The company has written to Canada Post and federal Health Minister Ginette Petitpas Taylor as it prepares contingency plans for a possible strike or lockout at the Crown agency.

Pages

Subscribe to RSS - Marijuana Business News