Marijuana Business News

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stocks
business
Wed
26
Feb

Can Pot Stocks Benefit From The Coronavirus Virus?

Pot stocks are highly subject to market fluctuations caused by world events. Because of this, anytime a big news story breaks, it could have either a positive or negative effect on which marijuana stocks to buy. Currently, the outbreak of the Coronavirus in several new countries has resulted in world markets tumbling by significant amounts.

Wed
26
Feb

Millennials Are Fueling The Cannabis Economy

Among other things, millennials communicate and learn quickly, which makes them more flexible and prone to changes than older generations.

Wed
26
Feb

Canada's Marijuana Sales Topped $110 Million in a Month for the First Time

One year ago, marijuana stocks were about the hottest investment on Wall Street. Today, they're considered an investment that some wouldn't touch with a 10-foot pole.

The expectation had long been that Canadian pot sales would skyrocket as soon adult-use weed received the green light in licensed dispensaries. Unfortunately, things didn't go as planned, with persistent supply issues keeping product off retail shelves, thereby allowing the black market to thrive.

Wed
26
Feb

Opening a legal cannabis storefront looks different today than it did a year ago

The velvet rope was in place, red carpet rolled out and balloons were even blowing in the wind along with banners announcing the opening of Tokyo Smoke's latest storefront Monday.

But unlike the province's first legal cannabis outlet openings nearly a year ago, which were met with crowds of customers lineup up out the door, the response to Stoney Creek's first shop was significantly more subdued.

Inside the spotless store, black-sweatered staff members eager to share their knowledge mingled with the people who trickled in about half an hour after it first opened its doors.

Wed
26
Feb

This ain't the Apple Store of weed: These entrepreneurs are shaking up cannabis retail

Andrea Dobbs wasn’t much of a cannabis consumer until her late 40s, when she started experiencing symptoms of perimenopause like depression, sleep issues, and loss of libido. Before legalization, the Vancouverite visited a dispensary to try cannabis edibles. She remembers those early experiences to be lacking: Stores were poorly lit. There were unsealed jars of cannabis, filled with products with what she laughingly calls “a robust terpene experience” — and the almost always male staff didn’t know much about how she might use cannabis to ease her symptoms.

Wed
26
Feb

Ontario’s greenhouse growers ready for big season

Isaak Fast, head grower and general manager of Pure Hot House Foods Inc.’s Leamington greenhouse, attends to tomato plants. A new crop of more than 265,000 plants was delivered to the facility in early January, says Chris Veillon, chief marketing officer. ( Courtesy Pure Hot House Foods Inc. )

Greenhouse growers in Ontario are gearing up for what they hope will be another stellar season, said Joe Sbrocchi, general manager of the Leamington-based Ontario Greenhouse Vegetable Growers Association.

Tue
25
Feb

Marijuana Stocks To Buy Or Sell Before Next Month

Since investing in marijuana stocks became mainstream a few years ago, the biggest companies in the industry have received the majority of the attention. News outlets and investor resources have continued to cite the same companies as the basis for industry growth. Despite this, the potential for mid and small-cap pot stocks remains undeniably high.

Tue
25
Feb

Meta Growth plans rapid Ontario cannabis store expansion

As the Ontario government opens up its cannabis retail market, Meta Growth Corp. (TSXV: META) says it’s gearing up for rapid expansion.

The Toronto-based pot retailer announced Monday that it received approval from the Alcohol and Gaming Commission of Ontario for a general cannabis retail licence.

The new licence gives Meta Growth a chance to dramatically increase its Ontario retail footprint beyond the one store it currently operates in downtown Toronto.

Mon
24
Feb

3 Underrated Pot Stocks to Buy in 2020

It can be difficult to find good buys in the cannabis industry, especially since a lot of the focus is on industry leaders Aurora Cannabis (NYSE:ACB) and Canopy Growth (NYSE:CGC). That means investors may overlook other, smaller stocks that may not get as much attention but that offer good value. Below are three stocks in that category that could be good buys this year as the industry matures.

Mon
24
Feb

5 Ways Cannabis Stocks Are Looking to Cut Costs

Over the long run, the cannabis industry could provide a smorgasbord of growth for investors. Having already tripled global sales between 2014 and 2018, Wall Street has weighed in and expects worldwide weed sales to catapult by another 400% to 1,800% by 2030. The wide margin in Wall Street's forecast reflects the uncertainties associated with launching a high-growth yet still-nascent industry.

Yet at the same time, near-term prospects for the industry aren't as bright. It was long suspected that not every pot stock was going to be a winner, and we've begun to see a shakeout taking place throughout North America.

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