Marijuana Business News

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stocks
business
Mon
15
Jul

CannTrust breach will damage legal pot market

Investors made it clear last week that they no longer trust CannTrust Holdings Inc. (TRST.TO 3.89%) The company’s regulatory breach may further erode consumers’ trust in the legal cannabis market as well.

The company’s stock plunged 48 per cent over the five trading days since regulators found it grew pot in unlicensed rooms and provided “false and misleading” information to inspectors, erasing $228 million in market value. CannTrust halted all sales and shipments of its products, and the Canadian government may suspend or even cancel its license in response.

Mon
15
Jul

CBD may take up the majority of cannabis industry sales if current trends continue

According to a recent Headset market report, “Understanding the CBD market in state-legal cannabis”, CBD could potentially take up the majority of sales among non-inhalable products in legal cannabis states. If current trends continue, CBD products could even potentially become the majority of sales among the cannabis industry at large.

Fri
12
Jul

Could this stock make you a marijuana millionaire?

Many pot stocks have grown exponentially over the years, but the good news is that for investors looking to score a good return, there are still options out there. The challenge, however, is knowing which one to pick, especially amid so much competition out there. A stock like Canopy Growth isn’t likely to have much more potential to rise given the fact that it’s already at a pretty expensive stock.

Fri
12
Jul

Two cannabis stocks to keep in mind this week

Marijuana stocks have remained in the spotlight for over a year at this point. In that time, laws have changed drastically helping to shift the overall industry. In addition, much of the public has become comfortable with the idea of marijuana being legalized. Due to this and other factors, cannabis has become commonplace. Because of all the shifts, marijuana stocks have seen a massive bullish trend in the past year or so.

Fri
12
Jul

Here's why California's cannabis black market won't go away

As we all know, Prop 64 legalized cannabis for adult use in California. Voters gave it the green light in November 2016, paving the way for legal, licensed dispensaries to open their doors beginning in January 2018. Many Californians celebrated by flocking to dispensary doors and soon afterward consuming their first taste of legal, adult use cannabis. But that’s far from the end of the story, writes Danielle Simone Brand.

Fri
12
Jul

Africa’s budding cannabis market

A valuable market is emerging as countries across the world legalise cannabis for medical and recreational use. Shoshana Kedem reports on the opportunities for growers and investors in Africa.

Cannabis has been employed in traditional African herbal medicine since time immemorial. Today, much of the world is playing catch-up.

The multi-billion dollar global cannabis industry is booming as companies cite the benefits of medical marijuana for treating pain and inflammation and possibly even soothing mental illness and addictions. The global legal cannabis market could be worth $272bn by 2028, according to the 2018 European Consumer Staples Report from Barclays. 

Fri
12
Jul

THC Global racks up another Australian Cannabis Licence

THC Global (ASX:THC) announced on Tuesday subsidiary THC Pharma Pty Ltd has been awarded a Manufacture Licence from the Australian Office of Drug Control.

This licence is in relation to its facility in Southport, Queensland. CEO Ken Charteris claims it is the most significant licence granted in Australia so far as the company has the largest bio-pharma extraction facility in the Southern Hemisphere. Product validation activities at the Southport Manufacturing Facility are expected to be completed in the final quarter of this year.

Thu
11
Jul

Marijuana's "big four" stocks will likely lose money in 2020

The cannabis industry is likely to be a major moneymaker in the years to come. A new report from Arcview Market Research and BDS Analytics estimates that worldwide licensed-store sales -- which excludes cannabinoid-based pharmaceutical sales and cannabinoid sales in general retail stores, such as supermarkets -- could hit more than $40 billion by 2024, up from less than $11 billion in 2018.

Thu
11
Jul

Marijuana stocks fueled by alternative cannabis products

Alternative cannabis products have been the talk of the town for quite some time now. In only a short period of time, a series of new health and wellness products have almost taken over parts of the cannabis stock market. Many companies have begun to research and develop these products as the pot market demand becomes increasingly high. The demand for these innovative products remains very high. For this reason, now is more the time than ever to take a look at these marijuana stocks.

Thu
11
Jul

3 things to know before starting a cannabis business

With the ever-changing scope of the cannabis industry, there are many challenges to entry and success.  Here are a few tips from the founder of a collection of cannabis wellness shops that may help you assess your decision to get involved.  

1. Be prepared to face new challenges each and every day.

When I opened the first 7 Leaf Clover in 2017, council advised us not to use the term “CBD.” Not on our website. Not on our signs. Nowhere. We didn’t even say it in store. We said the whole word: cannabidiol.

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