North America

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Wed
15
May

How banking challenges impede the growth of the cannabis industry today

With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services.

Until legislation like the SAFE Banking Act, which is currently in the House of Representatives, shifts the headwinds, cannabis companies will continue to have limited access to financial products most businesses take for granted. Here are some of the key challenges presented by the cannabis banking landscape today.

Wed
15
May

3 ways marijuana stocks are tricking investors

Early supply-chain issues in Canada and California aside, the marijuana industry really has the feel of a once-in-a-generation growth opportunity. It racked up $12.2 billion in global legal sales in 2018, and Wall Street investment bank Cowen Group is calling for up to $75 billion in worldwide sales by 2030.

Wed
15
May

Does using CBD to treat your anxiety work?

A quick Google search yields thousands of stories where users have seen success in treating anxiety with cannabidiol (CBD), a therapeutic compound in cannabis. CBD has become increasingly popular as people tune in to its non-intoxicating, therapeutic effects. One online survey of 2,409 CBD users found that 62% were using it for a medical condition, and using it to treat anxiety was one of the top three responses. More comprehensive studies need to be done before we’ll know exactly how CBD helps anxiety, but promising research suggests it may.

Wed
15
May

4 ways Hemp plastic can help save our planet

It’s no secret that plastic pollution is rapidly destroying our planet. Plastic Oceans say that of the 300million tonnes of plastic we produce every year, 50% of it is single use plastic. And from all the world’s plastic produced, only about 9% of it has ever been recycled.

Wed
15
May

Tilray revenue soars nearly 200%, net loss grows in first quarter

Tilray Inc. expects Canada's cannabis supply could become balanced within the next two years, while the cannabis producer ramps up its production and manufacturing footprint in the country.

CEO Brendan Kennedy said Tuesday that the company now believes Canada will reach a supply balance in the next 18 to 24 months. In mid-March, Kennedy had estimated the country would be in oversupply over the next 18 months.

The change comes as the industry continues to struggle at ramping up production in the current regulatory environment, he said during a conference call with investors after the company released its first-quarter results.

Wed
15
May

From AI to machine learning: How these tech platforms are pushing cannabis into the future

Today's cannabis industry can best be described as pioneering, writes Natan Ponieman. No word is a better fit to describe the spirit of a now-booming industry that’s had to fight its way to legality through decades of activism and self-determination. As the cannabis industry hurdles into the future, innovative cultivators and scientists have been developing new technologies to accommodate the ever-expanding commercial market and the regulations it must abide by.

Wed
15
May

Marijuana stocks to watch as we enter the second half of May

The year 2019 thus far has been pretty exciting when it comes to cannabis stocks. With so many legislative changes and shifts in the public perception of the substance, it seems as though the potential with cannabis is quite endless. The majority of investments into the industry has been to companies that grow the substance in its raw form. With this in mind, there is also a varying amount of potential with the companies that produce products or offer services to the market. The only rules about cannabis are to not be prejudice about the company and do the proper research before investing.

Tue
14
May

Men’s cannabis use increasing twice as fast as women’s. Here’s why.

The amount of men in Canada using cannabis since legalization is increasing at almost double the rate of women, according to a recent government survey.

Since legalization took place this past October, the percentage of men in Canada who’ve used cannabis in the past three months increased by 3.3 percent. The increase for women was 1.7 percent.

The report also shows the overall rate of men using cannabis to be 57 percent higher than the rate of women.

Tue
14
May

Cannabis education an early casualty of legalization, say industry insiders

Legalization may be making it harder for cannabis users to truly understand what they’re putting in their bodies, industry insiders say.

That’s because the legal recreational industry has been limited in terms of what it can tell consumers about the properties of pot, so it’s turning to catchy — but vague and often meaningless — branding instead.

Tue
14
May

Cannabis stocks join market downturn ahead of major earnings reports

Cannabis stocks were mostly lower Monday, amid a broad market tumble related to a trade fight between the U.S. and China.

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