Marijuana Business News

Synonyms: 
stocks
business
Tue
23
Jul

1 incredibly cheap pot stock worth buying now

Pot stocks have been outstanding growth vehicles for the better part of the past two years. The legalization of adult-use marijuana in Canada, the slow but steady march toward widespread legalization in the United States, and the 2018 Farm Bill -- that essentially legalized hemp -- all helped to drive valuations higher across the industry during this period.

Tue
23
Jul

‘Historic’ U.S. Senate hearing on banking for legal cannabis businessess set for today

The House Financial Services Committee already has passed legislation to allow federally regulated banks to offer credit cards, savings accounts and other financial services to legal marijuana businesses.

Now the Senate Banking Committee is taking up the issue.

Tue
23
Jul

Marijuana in California is changing quickly

California is widely regarded as the largest marijuana market in the world. With so many marijuana stocks to buy coming out of the singular market, California seems to be the hotbed for cannabis sales in the U.S. and abroad. Although the industry is one of the largest, this does not mean it’s immune to the issues of marijuana stocks. Many companies have seen oversupply problems as well as issues with the black market.

Tue
23
Jul

Quebec and B.C. top country's weed sales in May

Recreational weed sales in Canada enjoyed a significant boost in May — up 14 per cent — according to data from Statistics Canada.

“Sales improved to $85 million in May, up from $74 million in April and $60 million in March,” Marijuana Business Daily reports. British Columbia recorded the biggest sales growth in May with a 37 per cent increase thanks to improved access via the opening of a number of new dispensaries.

Tue
23
Jul

Canada: Everything you need to know about marijuana legalization 2.0

Last year, Wall Street and investors witnessed history being made many times over. In the U.S., we observed additional states legalize medical marijuana, pushing the total number of states to have given the green light to cannabis in some capacity to 33, and saw the Food and Drug Administration approve the very first cannabis-derived drug. Meanwhile, Canada became the first industrialized country in the world to approve the sale of recreational weed in October.

Tue
23
Jul

CBD-infused beauty products: The next big thing in Asia

Beauty and wellness products infused with cannabidiol (CBD), a non-psychoactive compound found in the marijuana plant, is expected to become the next big thing in skincare worldwide. South Korea, China and Japan are moving to grab leadership in this new market segment in Asia.

But they’ve got to legalize marijuana use first.

Worldwide, the market for beauty products made from CBD is projected to be worth $25 billion by 2029, or 15 percent of the total global beauty market over the next 10 years, according to financial services company Jeffries Group LLC.

Tue
23
Jul

4 reasons why community relations is critical to cannabis industry

There’s no denying that the cannabis industry is experiencing a boom. While it feels a bit like the wild west, many organizations are riding a wave of (mostly) positive publicity as opportunities increase for cannabis products and distribution.

From a public relations standpoint, relying on this initial excitement, however, is shortsighted at best. As regulations allow for increased competition in many markets such as cannabis dispensaries, manufacturers, and distributors, we must find new ways to creatively garner positive attention while staying within regulation.

Mon
22
Jul

CannTrust vows to take 'appropriate actions' to restore trust

CannTrust Holdings Inc. (TRST.TO 1.66%) confirmed that it filed a response to Health Canada last week, after the Vaughan, Ont.-based pot firm was found to be non-compliant with certain regulations at one of its facilities in Ontario.

In a release Monday, CannTrust said it filed a report to the regulator July 17, that its special committee’s investigations and deliberations are ongoing, and the company will take “appropriate actions” to address its compliance culture and restore trust. 

Mon
22
Jul

Research: Most U.S. cannabis cultivators choose to compete on quality rather than cost

Many wholesale cannabis growers choose to compete on quality, even while market forces favor growers who can reliably supply low-cost cannabis.

Nearly half of U.S. cultivators are attempting to make high-quality flower their key differentiator, according to the recently released 2019 Marijuana Business Factbook. But with flower sales on the decline, the market likely will prove unable to sustain that proportion of growers competing on those grounds alone.

Mon
22
Jul

Why marijuana banking needs to change

The marijuana stock market has been booming over the past few years. In that time, we have seen company valuations shoot up, as well as investor faith in the market. Despite the massive influx of capital, banking for the industry has yet to catch up.

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