Marijuana Business News

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stocks
business
Mon
08
Jul

Connecticut pot growers finally finding some banks open to holding their cash

Faced with a dilemma that has caused major headaches in most states which have adopted legal forms of marijuana, Connecticut growers and dispensaries have developed a work-around for a problem any business would love to have:

What to do with the piles and piles of cash that have been accumulating?

Mon
08
Jul

Tilray speeds expansion in Europe

Tilray Inc. is expanding its European leadership team and setting up a hub in Portugal, deepening its planned international reach.

The company appointed five senior members to its European team, according to a statement Friday. Arne Wilkens, a former executive at the German pharmaceuticals company AiCuris, will take on the role of vice president of business expansion in Europe.

Mon
08
Jul

Is this marijuana stock worth the long haul investment?

Canopy Growth Corporation (NYSE:CGC) is one of the leaders in the marijuana stock market over the past year. The size of the company, however, has not been able to counteract high volatility. Volatility with the company is not anything new by any means but it is something to watch out for.

Mon
08
Jul

CannTrust warns of cannabis shortages after Health Canada finds greenhouse facility non-compliant

Cannabis producer CannTrust Holdings Inc says customers may experience temporary shortages after Health Canada found that its greenhouse facility in Pelham, Ont. is non-compliant with regulations.

The regulator found that cannabis had been grown in five unlicensed rooms between October and March of this year during which time CannTrust was applying for licences and that inaccurate information was provided to the regulator by CannTrust employees. The rooms received licences in April.

Mon
08
Jul

Italy’s ‘cannabis light’ creates buzz even if the pot won’t

It’s been called the Italian “green gold rush.” Mild, barely there marijuana dubbed “cannabis light” has put Italy on the international weed map, producing hundreds of stores that sell pot by the pouch and attention from investors banking the legalization of stronger stuff will follow.

The flourishing retail industry around cannabis light — weed so non-buzzy, it’s essentially the decaf coffee of marijuana — surfaced as an unintended by-product of a law meant to restore Italy as a top producer of industrial hemp. Now, storefronts that peddle chemically ineffective hemp flowers in varieties such as “Chill Haus” and “Black Buddha” are getting blowback that some Italians fear will nip business in the bud.

Fri
05
Jul

How will history judge Canopy Growth’s founder as a dealmaker?

Bruce Linton’s run as Canada’s foremost cannabis entrepreneur may be over — at least for the time being — but it could be years before the Canopy Growth Corp. founder’s legacy as a dealmaker is decided, good or bad.

Fri
05
Jul

The growing green rush towards hemp CBD oil

Interest in the cannabis component CBD, or cannabidiol, is growing quickly, and more and more companies looking to take advantage of related opportunities seem to be jumping on the bandwagon. Along with that green rush, however, comes a stream of products that all have their own individual ways of using the cannabinoid.

If exhibition floor buzz at March’s Natural Products Expo West is any indicator, CBD is all the rage. That said, one major trend is developing: hemp-derived CBD oil rather than CBD oil from cannabis.

Fri
05
Jul

Cannabis is a control issue in the Bahamas

THE Cannabis conversation we are having right now in The Bahamas is all about control.

Fri
05
Jul

3 marijuana stocks to avoid in July

After a pretty awful May, marijuana stocks as a whole had a much better June, with the Horizons Marijuana Life Sciences ETF crawling higher by 2%. There's potentially $75 billion in annual sales on the line by 2030, and investors don't want to miss out on their chance for once-in-a-generation-type growth.

Thu
04
Jul

Should cannabis investors switch over to CBD stocks?

It must surely be occurring to marijuana investors en masse that the projected demand estimated by Statistics Canada pre-legalization may now seem a little optimistic. The next big thing will likely be ancillary products, such as vaping products, cannabis-infused drinks, and edibles. However, there’s a chance that this market will take even longer to settle into profitability, let alone predictability.

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