Marijuana Business News

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stocks
business
Fri
09
Apr

How this Vancouver company’s plan to be a game-changer hinges on human trials of cannabis vapes

Looking within and without is essential in the cannabis industry, whether a company is setting its sights on improving user experiences, identifying potential foreign markets, cementing its position at home or trying to figure out what makes for fair compensation in an ever-evolving sector.

 

Nextleaf Solutions starts human trials of cannabis vapes

 

Fri
09
Apr

Canadian cannabis market continues to grow, with Ontario nowhere near retail store saturation: Brightfield

Retail served as the main driver of a 118 per cent increase in Canada’s recreational cannabis market last year, with the much-anticipated rollout of stores in Ontario quickening its pace and Alberta witnessing steady growth.

“The opening of retail outlets drove growth in 2020,” notes a new report on Canada’s recreational weed market from Brightfield Group, a consumer insights and market intelligence firm for the CBD and cannabis industries.

Thu
08
Apr

This Is Why Investment in Cannabis Tech Is at Its Highest Level since 2019

People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country.

The interest in cannabis became apparent the moment lockdowns began as long lines formed at dispensaries. Many governments named cannabis dispensaries as essential businesses. Cannabis sales jumped 45 percent. Investors took notice.

Thu
08
Apr

This Surprising Projection Shows Why Big Tobacco Is Moving Into Cannabis

Cannabis companies haven't made many deals outside of its own industry, but a couple of the more notable ones have involved tobacco. Altria (NYSE:MO) invested $1.8 billion into Cronos Group (NASDAQ:CRON) back in 2018 to take a 45% stake in its business. And last month, British American Tobacco (NYSE:BTI) invested roughly $176 million in OrganiGram Holdings (NASDAQ:OGI), which represents a 20% stake in the cannabis company.

Thu
08
Apr

7 Key Takeaways From Canopy Growth’s Acquisition Of The Supreme Cannabis Company

Earlier today, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) surprised the market and announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis.

We believe that Canopy Growth made the acquisition to better positioned itself to compete against the previously announced business combination of Aphria Inc. (APHA.TO) (APHA) and Tilray Inc. (TLRY). Today, we have highlighted 7 key details of Canopy Growth’s acquisition and believe that our readers need to be aware of the following:

Thu
08
Apr

Newfoundland looks to add more cannabis retail stores, improve delivery times for online ordering

Over the past year, cannabis purchasing habits in Newfoundland and Labrador have mirrored growth in the entire country, which saw sales peak last December before falling in the first month of 2021.

But sales in Newfoundland and Labrador have increased despite long delivery times and a strike that affected more than half the province’s 30 cannabis retailers, reports CBC.

Wed
07
Apr

3 Best Marijuana Stocks to Buy in 2021

At an annual growth rate of 20% per year, the marijuana industry has become one of the nation's fastest-emerging industries. Meanwhile, cannabis stocks have been giving back some mouthwatering gains to investors. 

Wed
07
Apr

Only Time Will Tell Us Who Has Made The Better Move In The Cannabis Sector……Big Alcohol or Big Tobacco

Big tobacco has been behind the curve with the legal cannabis industry thus far and seems to be following the footprint of big alcohol. Companies such Constellation Brands, Inc. (STZ) and Molson Coors Beverage Company (TAP) have executed major agreements with Canadian LP’s that are starting to look like brilliant moves. 

Big tobacco’s recent foray into the Canadian cannabis industry shows that a change of tides is occurring at some of the highest levels of big business. 

Tue
06
Apr

CBD, cannabis and hemp: What is the difference among these products?

Massachusetts is one of 15 states to legalize cannabis for recreational use.

While 67% of U.S. adults support marijuana legalization, public knowledge about cannabis is low. A third of Americans think hemp and marijuana are the same thing, according to the National Institutes of Health, and many people still search Google to find out whether cannabidiol – a cannabis derivative known as CBD – will get them high, as marijuana does.

Hemp, cannabis and CBD are all related, but they differ in significant ways. Here’s what you need to know about their legality, effects and potential health benefits

Tue
06
Apr

Meet the Next Big Disruptor to the Cannabis Industry

It’s no secret the cannabis industry has enjoyed unprecedented growth these past few years — from a market perspective and a political one.

Consider the political and policy changes we’ve seen in recent months. The House of Representatives recently passed historic legalization legislation (the Marijuana Opportunity, Reinvestment and Expungement Act).

Thirty-six states now have programs for recreational use, medical use or both. With these changes and a new, cannabis-friendly administration, we’re on track to see federal legalization within the next few years and continued leaps forward in this industry.

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