Marijuana Business News

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stocks
business
Tue
13
Apr

3 Best Marijuana Stocks to Buy in April

This month just might be the best time in a long time to buy cannabis stocks. Why? Much of the initial excitement about the increased prospects of significant U.S. cannabis reform has waned. With the Biden administration focused on other priorities, some investors could even be despairing that anything will be done.

However, changes that would benefit the cannabis industry are still likely on the way. Other factors are already at work that should also provide momentum. But not all pot stocks are in as good of a position to win as others. Here are my picks for the three best marijuana stocks to buy in April.

Tue
13
Apr

Five Things Every Cannabis Business Needs Before They Open

When it comes to small business opportunities these days, few phrases give people the old dollar-sign-eyes more than “legal cannabis”.

From states like Michigan where it’s been approved for both medicinal and adult use, to places like South Carolina where legalization has been a popular topic for ballots and voters, cannabis is slowly turning into one of America’s biggest businesses.

You don’t need us to tell you that – Investopedia reports that (as of Nov. 2020) over 340,000 American jobs were devoted to the handling of plants at various stages along the retail cycle, and the industry was estimated at over $13 billion as of 2019.

Tue
13
Apr

We Can Do A Better Job Reducing the Cannabis Industry's Carbon Footprint

The term “carbon footprint” has been used alongside phrases such as global warming, climate change, melting ice caps, rising sea levels and endangered species for some time now. What would be surprising to many people is to hear the term associated with a remedy as natural as the cannabis plant. However, with legalization rapidly spreading across the globe, the demand for cannabis products has only continued to grow. And while billions of dollars in cannabis sales add to the economy, growing cannabis can come with the heavy price of exponentially increasing our carbon footprint.

Tue
13
Apr

COVID-related lockdowns weigh on Aphria's Q3 sales ahead of Tilray merger

Aphria Inc. reported third-quarter revenue Monday that missed analyst expectations as pandemic-related lockdowns, particularly in Ontario, weighed on cannabis sales during the period.

The Leamington, Ont.-based cannabis producer said it generated $153.6 million in revenue in its three-month period ending Feb. 23, an increase of 6.4 per cent from the prior year. Revenue from the company's cannabis operations fell 7.8 per cent to $51.7 million, while sales in its SweetWater beverage division was $14.8 million in the first full quarter since the business was acquired in November.

Mon
12
Apr

With More Women Buying Cannabis, Product Demand Could Change

More women are buying cannabis, which could lead to shifts in product demand. Women still make up a minority of adult-use marijuana purchasers – 33.6 percent in February – but that’s increased almost a full percentage point from 2020. While that trend might not be a dramatic shift in the gender makeup of retail marijuana sales, it could have a lasting effect because men and women shop differently for cannabis products.

For example, female buyers are more likely to purchase products other than flower when compared to their male counterparts. Both men and women spend the most on flower, but women spend less on it, according to analysis of wallet share (the percentage of a customer’s spend on specific categories) from February 2021.

Mon
12
Apr

Hemp Can Increase Sustainability Across Many Industries

Since the U.S. Food and Drug Administration lifted the ban on growing industrial hemp in 2018, companies developing sustainable products can look forward to a future supply of hemp fiber and oil. The plant material works in numerous industrial applications, including paper making, textiles, bioplastic packaging, flooring, and even a form of concrete.

Long History Of Usefulness

Hemp is the non-intoxicating variety of the cannabis or marijuana plant. For thousands of years, human civilizations have cultivated hemp for fiber. Historians have evidence that people grew hemp in 8,000 B.C. It was also a common crop in Colonial America. As recently as the 1930s, the state of Kansas was one of the biggest hemp producers in the world.

Mon
12
Apr

How to Grow a Successful CBD Business in 2021

The CBD market has always been a tough place to succeed. And companies experienced yet more hurdles in 2020, as a pandemic and an assortment of lawsuits gripped the industry.

In the face of such strong headwinds, it seems like it’ll also be hard for CBD businesses to grow in 2021. But it won’t be impossible. Despite obvious difficulties, the industry still provides opportunities for well-run companies to establish themselves and prosper.

There are several strategies companies can employ to develop a successful brand in this ever-changing market. But before discussing them, it’s important to understand the challenges that CBD entrepreneurs face.

Mon
12
Apr

Canopy Growth Acquires Supreme Cannabis in $346 Million Deal

Canopy Growth Corp. agreed to buy Supreme Cannabis Co., one of Canada’s leading brands of marijuana, in the latest large deal to reshape the rapidly growing industry.

Canopy will acquire all of the company’s shares in a largely stock-based deal valued at C$435 million ($346 million), according to a statement Thursday. The transaction, expected to close by the end of June, represents a 66% premium over Supreme’s Wednesday closing price, the companies said.

Supreme’s shares soared as much as 60% Thursday in Toronto, while Canopy fell as much as 2.3%.

Mon
12
Apr

5 Canadian Cannabis Companies That Are Positioned To Capitalize On Cannabis Reform In The US

After New York passed legislation to legalize recreational cannabis, we believe the government will prioritize legalization or decriminalization at the Federal level. 

New York is the 15th state to legalize recreational cannabis and we are bullish on the trend that we are seeing at the state level. From Virginia to South Dakota, several conservative markets have jumped on the legal recreational cannabis bandwagon and this is a trend that we find to be significant. 

Fri
09
Apr

Tidal partners with hockey union on cannabis products, education

Tidal Health Solutions Ltd. has been named the exclusive supplier of medicinal marijuana and related education for the Professional Hockey Players’ Association (PHPA).

The union represents current and former athletes within the American Hockey League, the professional rung just below the National Hockey League, and the ECHL, formerly the East Coast Hockey League. The certified union represents more than 1,600 players on teams based in both Canada and the U.S.

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