Marijuana Politics

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Mon
24
Sep

Marijuana stocks hope this will make their shareholders rich

Advocacy for the cause has paid dividends already and will continue to do so. Investors always like winning stocks, and over the past month, the most fertile ground for big winners has come from the marijuana industry.

Mon
24
Sep

Wall Street’s marijuana madness: ‘It’s like the internet in 1997’

Tilray, a startup with just $20 million in first-half revenue, was briefly worth $20 billion during a wild ride last week.

Shannon Soqui just quit his Wall Street job to go after what he thinks is a bigger business: selling marijuana the way Mary Kay Inc. sells cosmetics.

The 51-year-old banker wants to focus on Qind, his San Francisco startup that organizes home parties to sell cannabis products, to get a piece of what he says could sprout into a $100 billion annual business in the U.S.

Mon
24
Sep

Which of the big cannabis companies has a better competitive advantage?

So far, nine states in the U.S. and the District of Columbia have legalized cannabis for consumer use and 31 states allow the medical use of marijuana. In addition, the date of the legalization of recreational marijuana in Canada is fast approaching on October 17.

It’s not just North America, either. With a growing population with legal access to marijuana around the world, the cannabis industry looks like it’s here to stay.

If you’re thinking of investing in the group, keep in mind that the stocks have been no less of a roller coaster ride. Buying on big dips and selling on pops can be very profitable, but deciding on how big of a dip to buy may be more art than science.

Mon
24
Sep

Tallahassee should fulfill voters’ wishes on medical marijuana, influencers say

Nearly two years after Florida voters approved the use of medical marijuana, Tallahassee needs to implement the policy more effectively, but state officials should not take the extra step of legalizing the drug completely.

Mon
24
Sep

These marijuana stocks are outselling Tilray

Tilray's revenue is growing, but its not nearly as big a cannabis company as its competitors are.

Investors' optimism over marijuana's future has turned Tilray Inc. (NASDAQ:TLRY) into the biggest marijuana stock by market cap; however, Aurora Cannabis (NASDAQOTH:ACBFF) and Canopy Growth (NYSE:CGC) are much bigger companies based on marijuana production and revenue.

Could they benefit more than Tilray from Canada's approaching recreational market?

Mon
24
Sep

Canada: Will legalization change social norms around marijuana?

From a 1930s propaganda film calling it "the burning weed with its roots in hell" to massive companies such as Coca Cola and Molson now looking to cash in on the emerging marijuana market, attitudes towards the drug have shifted dramatically over the past century.

Those social norms are soon likely to change again as Canada prepares to become the second in the world to legalize recreational pot use next month.

Mon
24
Sep

Will Oregon be the first state to allow marijuana shipments across state lines?

It’s now common knowledge in the cannabis industry: Oregon’s got a massive surplus problem.

According to the state’s regulatory tracking system, the state has an excess of $1 million dollars of unsold flower—more than three times the amount purchased last year. In Oregon’s overcrowded market, grams go for as little as $4.00 at some Portland dispensaries while licensed growers across the state are going out of business. The Craft Cannabis Alliance—an association of cannabis and allied businesses in Oregon—thinks they have a solution: allow Oregonians to ship their weed to other states that have legalized it.

Mon
24
Sep

Timeline for marijuana legalization in the United States: How the dominoes are falling

What you need to know about the past, present, and future of marijuana legalization nationwide.

Going green has taken on a new meaning in the United States. Less than two decades ago, marijuana was illegal in all 50 U.S. states. With Oklahoma passing a ballot initiative in June 2018 to legalize medical marijuana, 30 U.S. states now have broad legislation in place that allows of the use of marijuana.

Mon
24
Sep

Canada estimates $1 Billion in legal cannabis sales in first three months

Beyond the $1 billion dollar estimate, Statistics Canada is anticipating the illegal market will drop dramatically.

Statistics Canada, the organization behind Canada’s census and hundreds of other crowdsourced data collection programs, is predicting that the country’s legal cannabis sales could reach as high as $1.02 billion from the commencement of the retail market on October 17 through the end of the year.

StatCan derived its Q4 estimates from census population data and statistics from the National Cannabis Survey. And beyond the remarkable sales projection, StatCan is also estimating a dramatic shift away from the illicit market as consumers mass-transition to legal purchases.

Mon
24
Sep

Federal government to comb social media for Canadian’s behaviour, attitudes toward marijuana

The federal government is looking to scour social-media platforms to find out what Canadians really think about pot as the country enters its new era of legalized weed.

With only a few weeks to go before the end of recreational marijuana prohibition, Ottawa is seeking an outside contractor to help the government learn more about Canadians’ attitudes and behaviours when it comes to legalized cannabis.

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