Marijuana Business News

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stocks
business
Tue
16
Jul

The flowering of the U.K. underground

Tue
16
Jul

Cannabis will be a $200B industry by 2029, says Wall Street Analyst

Some analysts are very confident that the global cannabis industry will rake in a ton of cash within the next ten years, writes Calvin Hughes.

Predicting growth of any industry or market isn't an exact science, and depending on who you ask, you're likely to get very different forecasts on the future. The global cannabis industry is no different. But one thing that analysts do agree on is that the market has no where to go but up.

Tue
16
Jul

Will the rise of outdoor cannabis cultivation create more opportunities for small farmers?

Thanks to marijuana's history of prohibition, and growers' need to hide their crop, many people think of cannabis cultivation as an indoor operation with bright lights, in a nondescript location. While it's true that a lot of cannabis is grown this way, the plant also has a long history of outdoor cultivation, including and especially mom-and-pop farms in places like northern California, writes Christine Giraud. 

Outdoor cultivation is making a comeback in the legal market, but tough regulations and a lack of capital, among other things, are making it hard for small-scale outdoor farmers to get licensed and be profitable.

Mon
15
Jul

Leading cannabis brand Bhang Corporation goes public

Florida-based cannabis company Bhang went public on Thursday, with shares in the company beginning trading on the Canadian Stock Exchange. Shares in the company are listed under the ticker symbol BHNG and were up more than 70 percent in Friday morning trading.

Bhang currently owns a family of eight active brands with more than 100 cannabis and hemp products including cannabis edibles, beverages, oral sprays, pre-rolls, terpenes, and hemp-derived CBD consumer goods. The brand’s products are manufactured, sold, and distributed by the company directly and through licensing agreements with partners in jurisdictions with legal cannabis.

Mon
15
Jul

The 3 most profitable marijuana stocks you can buy right now

In 2019, the vast majority of licensed cannabis producers have been losing money at a time investors were expecting the profits to start rolling in. Among those with at least $20 million in annual sales, all but a handful reported losses in the most recent quarter. 

The Public Cannabis Company Revenue Tracker at New Cannabis Ventures currently lists just seven companies in North America with operations that squeaked out a profit during their most recent quarter. Here's how the top three performers have been able to make money while their peers report accelerating losses. 

Mon
15
Jul

A new wave of global cannabis companies listing in Tel Aviv?

Israel may very soon become not only a well-known center for cannabis innovation and R&D but also a destination for cannabis companies from around the world seeking to raise capital in the public markets.   This is the main import of a decision issued last week by the Israel Securities Authority, not to oppose a pending merger between an Israeli public company and a private company that grows cannabis for recreational use in California.

Mon
15
Jul

Cannabis in Latin America gets a new ‘social outlook’

Cannabis in Latin America, without the stigma, could be as clean as any region considered violent-free. In a classic context, the UK and North America hold the biggest market share in the cannabis industry, because it’s a legal business in those regions. How would Latin America fare if allowed to participate in the cannabis market? Investors have indeed found a new fortune in growing the once illicit plant.

Mon
15
Jul

Women leading way as hemp revival sweeps North Carolina

It’s easy to get swept away in the magic of a hemp farm where dragonflies float and goats bleat on verdant hills. Franny’s Farm is a place where practical magic and science meet.

Owned and operated by Franny Tacy and her husband and CEO Jeff Tacy, Franny’s is an active hemp farm in Leicester, and one of the grower sites for North Carolina State University’s Industrial Hemp Pilot Research Program. The program’s aim is to shoulder the burden of trial and error for farmers who want to dig into a swiftly growing industry.

Franny Tacy was a pharmaceutical industry executive for a decade, and also holds a forestry degree from Northern Arizona University in Flagstaff and a master’s in education from Tennessee State University.

Mon
15
Jul

Cannabis concentrates are a multi-billion dollar powerhouse

If there is one thing we have learned by watching the development of the cannabis industry over the past few years, it’s this: The consumers may talk a big game with respect to using cannabis in pursuit of health and wellness, but deep down inside the majority of them just want to get reeeeaaallly freaking high.

Mon
15
Jul

Utah farmers and entrepreneurs compete to grow medical cannabis

The wide metal barn on the Utah alfalfa farm owned by Russell and Diane Jones will host their youngest son’s wedding next month. By September, they hope the structure will be full of marijuana plants.

The Joneses are fourth-generation farmers, members of The Church of Jesus Christ of Latter-day Saints, and among 81 applicants for one of a handful of coveted spots as a licensed medical marijuana grower in conservative Utah.

Though leaders of their faith once opposed the bid to legalize medical marijuana, Russell Jones says he researched the drug’s pain-relieving benefits as he battled Hodgkin’s lymphoma. Now he and his wife want to be part of an emerging industry that some doubted would ever come to the state.

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