North America

Thu
17
Jan

4 Pot Stocks That Could Be Legitimately Profitable in 2019

The marijuana industry has been making noise for years, but it really made a name for itself in 2018.

Wed
16
Jan

Canopy Growth Corp (TSX:WEED) Selects a Different U.S. Entry Strategy

Leading Canadian cannabis and hemp producer Canopy Growth Corp’s (TSX:WEED)(NYSE:CGC) stock rallied on Monday after the company announced that it’s finally entering the United States market thanks to a recently signed Farm Bill of 2018 that federally legalized the farming of hemp, a cannabis family plant, as a crop.

The company will make a significant US$100-150 million investment in establishing large scale hemp production facilities (a Hemp Industrial Park) in the state of New York within the next 100 days, and it appears that this will be a green field venture.

Wed
16
Jan

Global recreational cannabis market projected to reach $32 billion by 2022

The 6th edition of the State of Legal Marijuana by ArcView and BDS Analytics projects that the global cannabis market will grow to $32 billion by 2022.

The State of Legal Marijuana is one of the most anxiously awaited prospects of the cannabis industry. This report covers the global cannabis market but it mostly focuses on the places where marijuana was recently legalized—the United States and Canada.

Wed
16
Jan

Marijuana stocks: Tilray stock falls as IPO lockup expires; AG nominee won't 'go after' marijuana companies

Tilray stock tumbled on Tuesday after the Canadian cannabis producer's IPO lockup expired. Investors looked past a deal the company struck to market and supply cannabis products with a firm that boasts a huge retail presence and scores of household-name brands as partners. While Tilray (TLRY) fell, other marijuana stocks were mixed.

Meanwhile, Attorney General nominee William Barr said he would not "go after" cannabis companies operating in states where it is legal.

Wed
16
Jan

Canopy Growth to build first U.S. hemp production facility in New York

Canopy Growth Corp. will spend as much as US$150 million to build its first production facility in the U.S. after the Canadian cannabis company was granted a hemp license by New York state.

The U.S. farm bill legalized hemp and hemp-derived cannabidiol last month, creating a rush among Canadian pot firms that were previously unable to enter the U.S. market. Canopy said Monday it’s been granted a license by New York to process and produce hemp and plans to establish a hemp industrial park in the state focused on extraction and product manufacturing.

“I applaud the political leadership at the federal and state level that has allowed today’s announcement to become reality,” Canopy Chief Executive Officer Bruce Linton said in a statement.

Wed
16
Jan

Will this unique marijuana stock raise its dividend in 2019?

Marijuana stocks have taken the investing world by storm, and after a rough year in 2018, many cannabis-related companies have gotten out to a roaring start in 2019.

Tue
15
Jan

UConn’s new cannabis course brings scientific rigor to the art of growing

Beginning next week, students at the University of Connecticut have the chance to take a pioneering new course in cannabis horticulture. The course, titled “Horticulture of Cannabis: from Seed to Harvest,” aims to train students in all aspects of the cannabis cultivation process.

Importantly, this course represents progress on multiple fronts. For starters, it is part of an increasing focus on bringing scientifically-proven and evidence-backed processes to the world of cannabis cultivation. Additionally, the course is part of a growing trend in which colleges and universities are beginning to train students to enter the legal cannabis industry.

Tue
15
Jan

Opinion: Big is bad for pot stocks in 2019

The marijuana industry delivered a year for the ages in 2018. Although marijuana investors found themselves on the outside looking in, with most pot stocks ending the year down, the cannabis industry gained validity like never before.

Tue
15
Jan

Was Aurora Cannabis smart to buy MedReleaf?

Marijuana stocks have started out 2019 on a positive note, and investors who see the promise of the cannabis industry are looking for the best way to invest in the space.

Tue
15
Jan

Cannabis employees now outnumber pilots and librarians in America

If there's any marker that the cannabis industry isn't slowing down, it's just how many people are now working in it, writes Calvin Hughes.

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