Marijuana Business News

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stocks
business
Thu
11
Jul

More Canadians are flocking to the illicit cannabis market for lower prices

As legal cannabis continues to try to secure its footing in Canada, prices of illicit cannabis continue to drop while prices of legal cannabis continue to increase. Statistics Canada released a report earlier this week stating that, in some cases, legal cannabis costs 80 percent more than cannabis on the illicit market.

Statistics Canada said in their quarterly report that a gram of cannabis from the illegal market is on average $5.93 in the second quarter, fallen from $6.23 in the previous quarter. Legal cannabis has only become pricier, increasing to $10.65 from $10.21 in the previous quarter. This makes most legal cannabis in the country close to 80 percent more than cannabis on the illicit market.

Thu
11
Jul

CannTrust pot products pulled from Ontario stores amid Health Canada fracas

CannTrust Holdings Inc.'s (TRST.TO 6.31%) recreational cannabis products have been pulled from the shelves of Canada's biggest pot market, the latest blow to the company after Health Canada said it was non-compliant with certain regulations. 

Daffyd Roderick, director of communications for the Ontario Cannabis Store, the province's online retailer and wholesale distributor to pot stores, confirmed that CannTrust's products weren't available for sale. 

"Due to the Health Canada temporary hold on certain CannTrust cannabis products, OCS has voluntarily removed all affected products from distribution pending the outcome of the investigation," Roderick said in an email to BNN Bloomberg. 

Thu
11
Jul

American Eagle to start selling cannabis-based products this year

American Eagle Outfitters Inc will start selling cannabidiol (CBD)-infused personal care products in the United States later this year, entering a fast-growing market for daily consumer goods made with cannabis derivatives.

The apparel retailer will sell CBD-infused lotions, muscle balms and aromatherapy products developed and supplied by Green Growth Brands Inc, the Toronto-headquartered cannabis company said on Thursday.

The market for cannabis-based personal care is already crowded. French luxury goods maker LVMH’s Sephora beauty chain has been selling CBD-infused products since 2018 and ULTA Beauty Inc launched sales of similar products earlier this year.

Thu
11
Jul

2 cannabis stocks under $5 to buy right now

If you’re looking for stocks that have the potential to rise in value, then buying shares that are trading at low prices is one way to help improve those odds. With a low price, a stock can become more appealing to investors to own, as affordability is not an issue. It’s one of the reasons companies choose to use stock splits, so that share prices do not become too high that they impact liquidity. The two stocks listed below won’t have to worry about that anytime soon, as they trade below $5 and could be solid buys today.

Wed
10
Jul

Jay-Z partners with cannabis company as brand strategist

Jay-Z is heading into the legal marijuana industry as a chief brand strategist in partnership with a California cannabis product company.

The rapper said in a statement Tuesday that he entered a multiyear deal with San Jose, California-based Caliva. His role will consist of driving creative direction, outreach efforts and strategy for the brand.

Jay-Z says he also wants to increase the economic participation of people returning from incarceration through job training and workforce development.

The rapper called Caliva "the best partners for this endeavour."

Caliva operates a farm and two stores in Northern California. It also distributes its branded products in roughly two dozen other retail outlets in the state.

Wed
10
Jul

GreenLight for medical cannabis in Europe

Discover how GreenLight Pharmaceuticals Ltd is aiming to advance clinical research, access and education regarding medical cannabis in Europe.

Established in 2014, GreenLight Pharmaceuticals Ltd is an Irish biopharmaceutical company focused on developing safe and effective plant-based medicines. GreenLight specialises in phytocannabinoid research and clinical development. The company is based in Dublin but has recently created a UK based subsidiary and has plans to expand its world of medical cannabis in Europe.

Wed
10
Jul

How technology is about to transform the $150B cannabis market

What’s the genius of Amazon? Simple: control of information.

Jeff Bezos turned a little online book store into one of the world’s most valuable corporate behemoths by applying technological solutions to complex problems—creating a model mirrored around the world.

Now, a little-known company is trying to duplicate that feat.

TruTrace Technologies (CSE:TTT; OTC:TTTSF) is helping other companies “Amazonify” their businesses— creating a niche in the tech world that has yet to be filled.

In other words, it has no competitors yet.

Wed
10
Jul

1 stock that is poised to double this summer

An integrated forest products company may not be as popular as bank stocks, energy stocks, or tech stocks. However, Canfor (TSX:CFP) could be one of the stock sensations of the season. The value of the stock has the potential to double this summer.

Wed
10
Jul

Big deals are guiding the marijuana stock market forward

The marijuana stock market has become heavily guided by the deals that companies are making in the present day. With only a few years behind it, pot stocks have quickly become the talk of the town. This, however, does not come without challenges. With legislation falling far behind the necessity, it seems as though the future is dependent on proper laws being made. Many marijuana stocks have been able to catch investors eyes. With this in mind, there are only a few companies that are really making big waves in the industry.

Wed
10
Jul

Classing up cannabis: How to create great event collateral

Anyone who has ever walked the expansive floors of an exhibit hall at a cannabis conference knows to expect two things by the end of it: Your feet will be tired and you’ll likely have a bag full of branded items picked up along the way. Let’s get real: Most of the items people grab at conferences have an expiration date shorter than the registration line. Nobody needs a stack of flimsy paper, cheap plastic keychains, or tacky accessories some trend-loving intern came up with—fanny packs, anyone?

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