Marijuana Politics

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Fri
21
Sep

Retail investors in Canadian cannabis are 'buying air,' analyst says

Canadian marijuana stocks are overvalued, because they are still just commodities, Sean Stiefel, founder and cannabis portfolio manager of Navy Capital, told CNBC on Wednesday.

"We think things have gotten a little bit silly," Stiefel said on CNBC's "Closing Bell." "Valuations now have truly gotten ahead of themselves, and the retail investor here is now buying air, effectively."

Stiefel's comments come amid volatility in medical marijuana company Tilray's stock. The company on Tuesday announced that the Drug Enforcement Agency approved its efforts to export a cannabinoid study drug into the United States from Canada for a clinical trial.

Fri
21
Sep

Toronto company offers cash to ‚Äėcannabis connoisseurs‚Äô to smoke marijuana

Getting paid to smoke pot is no longer a toker‚Äôs daydream. A cannabis firm is looking to hire five pot aficionados from across the country to sample the company‚Äôs wares and get paid to do it. Toronto-based company AHLOT is offering up to $1,000 a month to five ‚Äúcannabis connoisseurs‚ÄĚ to sample various strains of marijuana.

With legalization scheduled for Oct. 17, the bud brain trust will form the company’s officially titled Cannabis Curation Committee, reporting back on characteristics and quality. The canna-committee will help determine what pot products go into its sample pack, which will comprise several strains from various licensed producers, says the company, which is starting recruitment this week.

Fri
21
Sep

Canadian doctor charged for writing improper marijuana prescriptions

A key professional organization alleges that the doctor in question failed to follow guidelines for prescribing medical marijuana. A Canadian medical marijuana doctor has come under fire recently and is now being accused of improperly writing prescriptions. The allegations have not yet been proven and an investigation is ongoing.

Medical Marijuana Doctor Facing Charges

At this time, the doctor’s name has not been made public. But according to Canadian news sources, he used to be a doctor at a medical marijuana clinic in Saskatoon called Natural Health Services.

Thu
20
Sep

The 1 thing every marijuana investor needs to know

Stocks have soared lately, but perhaps not for the reasons you think.

Investors are rushing into marijuana stocks, as the prospects for explosive growth in the cannabis industry loom in the immediate future. With pot slated to become available for recreational use in Canada by the middle of October, those seeking to profit from the marijuana producers that want to supply the budding Canadian market have caused share prices to soar.

Thu
20
Sep

Canada: Meet the men marijuana made into millionaires and billionaires

Marijuana is starting to pay off.

A surge in the share prices of cannabis companies have made millionaires, and even billionaires, out of investors.

The pot-stock boom is expanding across the industry, with the most extreme example, Tilray Inc., seeing its shares catapult about 13-fold in the months since its July initial public offering. Now these marijuana men are worth millions -- or at least on paper. Given the volatility of stocks in the sector, their fortunes may be fleeting.

Thu
20
Sep

Insurance for cannabis businesses is becoming more available as legalization spreads

Because of a lack of insurance options, cannabis businesses are particularly vulnerable.

Federal law keeps the cannabis industry from flourishing. Aside from a lack of banking, cannabis businesses are also prohibited from being fully insured, thus making them extremely vulnerable.

Thu
20
Sep

Quebec to crack down on black market with cannabis police force

A 54-person police squad will be working to squash any remnants of the black market in Quebec once cannabis becomes legal next month, writes Calvin Hughes.

Thu
20
Sep

Legalization will mean a boost to Canada's GDP - But how big of a boost?

Statistics Canada will begin considering the new cannabis market in their economic calculations once the substance becomes legal in a few weeks, writes Calvin Hughes.

According to Toronto-Dominion Bank (TD), the legalization of cannabis adds somewhere around C$8 billion (US$6.2 billion) to the country's economy. This will inevitably lead to an increase in Canada's GDP as reported by Statistics Canada.

Thu
20
Sep

Would a new marijuana tax crush Canada's cannabis stocks?

Marijuana stocks have been on fire in the past month as investors race to avoid missing out on one of the hottest trends in the investing world.

Thu
20
Sep

Should Canadians avoid marijuana stocks to avoid a potential sticky situation at the US border?

As a Canadian, if you‚Äôve smoked cannabis, invested in pot stocks, or worked in the cannabis industry for a firm like¬†Canopy Growth(TSX:WEED)(NYSE:CGC), you could be at risk of a receiving a lifetime ban from the U.S.A. This potential ban is courtesy of a U.S. Customs or Border Protection Officer who may, at his or her discretion, question you about the cannabis to try to make you admit your cannabis ‚Äúsins.‚ÄĚ

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