Marijuana Business News

Synonyms: 
stocks
business
Fri
22
Nov

With Israel as partner, Africa can turn cannabis into an economic game changer

Africa is asserting itself as a high-potential emerging region for large-scale cannabis grow operations. With South Africa leading the continent’s entry into the market along with the Kingdom of Lesotho and Zimbabwe, savvy investors are jockeying for position. But the future health of the African cannabis industry faces several challenges: maintaining consistent, sustainable product quality, overcoming regulatory uncertainty and promoting social justice are long-term considerations that should inform current decisions.

Fri
22
Nov

Cannabis stocks rally for a second day after House passes bill aiming to lift federal ban on weed

Cannabis stocks rallied for a second day Wednesday, buoyed by a historic congressional committee passage of a bill that aims to lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss.

Curaleaf’s U.S.-listed shares CURLF, -4.85% CURA, -5.67% were last up 15%, as investors shrugged off its revenue miss.

Fri
22
Nov

3 beaten-down cannabis stocks likely to bounce back in a big way

A not-so-long time ago, cannabis stocks were sizzling hot. Many of them were also overhyped. This led to the inevitable industrywide decline as cannabis stocks fell out of favor. Investors realized that the sky-high sales and profits they expected could take longer to be achieved than they hoped.

Thu
21
Nov

Wave of layoffs strikes legal cannabis

Legal cannabis was supposed to mean jobs and tax revenue as an enormous illicit market slowly gave way to regulated cultivation and sales.

That may yet happen, but so far, both sales and the accompanying tax haul have been lower than promised. And with companies missing sales and revenue goals, that means layoffs for the worker.

Multiple major brands in cannabis have announced cutting more than 10% of their workforces this fall. Joining software delivery platform Eaze and ad-platform Weedmaps, both of whom announced workforce cuts around  20% last month, are California brands Flow Kana, Cannacraft, and would-be national power player MedMen.

Thu
21
Nov

Can these marijuana stocks continue to climb?

While the past few months have not been especially kind to marijuana stocks, it seems as though companies are beginning to find their stride once again. The past week or so has seen some big gains come back into the pot stock market, but many are wondering if they are only short term. One of the key things to note about pot stocks is that the market is very heavily based in volatility. This is due to how infants the industry is overall in addition to other factors. One thing is for sure; pot stocks should continue to grow into the near future.

Thu
21
Nov

Here’s how much money people in Massachusetts spent on (legal) marijuana in the first year of sales

Exactly one year ago, people in Massachusetts spent more than $440,000 at the state’s first two recreational marijuana on their opening day of sales.

And since then, the total amount has only continued to soar.

Thu
21
Nov

Big marijuana embraced convertibles. Now they're under water

The bear market in pot stocks has left billions in convertible debentures underwater, meaning cash-starved companies may have to “creatively restructure” their debt or pay a bill they didn’t expect would come due.

Cannabis companies hopped into convertibles in the last three years when their stock prices were soaring and traditional debt markets were largely closed to the untested, unprofitable and stigmatized sector. Issuers that tapped the U.S. markets included Canadian pot giants Canopy Growth Corp., Aurora Cannabis Inc., Tilray Inc. and Aphria Inc.

Thu
21
Nov

5 safe banking alternatives for cannabis companies

Every month, staffers at NUG, a vertically integrated cannabis company in California, have to physically transport cash, accompanied by a licensed and armed security guard, via an inconspicuous company vehicle to a Pacific Gas and Electric office -- to pay their utility bill. 

Wed
20
Nov

Marijuana stocks make a swift comeback

For anyone who invests in marijuana stocks, they know that the past few months have not been especially kind to the industry. This is due to a variety of factors including a general uncertainty of the future of the market, as well as some issues with future plans. One of the main reasons for the high level of volatility comes inherently with the infancy of the market. With any infant market, oftentimes people are trading off of speculation rather than the true value of a given business.

Wed
20
Nov

Billion dollar CBD: CBD sales predicted to top $1 billion in 2019

Thanks to exploding interest in the supplement, the U.S. now features a billion dollar CBD market according to a recent report.

According to predictions in the 2019 Hemp & CBD Industry Factbook from Hemp Industry Daily, CBD sales could reach up to $1.3 billion this year. CBD, short for cannabidiol, is a massively popular supplement made from industrial hemp. Consumers take CBD to relieve a host of diverse symptoms. It’s believed to help balance the human endocannabinoid system when used regularly.

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