Marijuana Business News

Synonyms: 
stocks
business
Mon
18
Jan

U.S., Canadian pot stocks flying high in 2021 as American legalization hopes rise

Cannabis stocks are off to a hot start to the year, but can that momentum be sustained?

Thanks in large part to optimism surrounding the Georgia Senate run-off election results that will give the Democratic Party control of Congress in addition to the White House, cannabis has been one of the biggest winners of the new year, with the valuations of most pot stocks trading around record highs.

Major U.S. cannabis operators Curaleaf Holdings Inc., Trulieve Cannabis Corp., and Cresco Labs Inc. have climbed 19 per cent, 31 per cent and 26 per cent, respectively, in that time. Meanwhile, smaller players have also posted similar gains.

Mon
18
Jan

OPP's enforcement team tackles illegal cannabis market

In the last two years, members of the Ontario Provincial Police (OPP) Provincial Joint Forces Cannabis Enforcement Team (PJFCET) have tackled illegal cannabis production, sale and distribution enterprises across Ontario.

The PJFCET is responsible for enforcing the cannabis laws and investigating criminal enterprises that exploit or abuse the legal cannabis market and consists of members from OPP, Kingston Police Service, Hamilton Police Service, Barrie Police Service, Waterloo Regional Police Service, Sarnia Police Service, Windsor Police Service, London Police Service and Niagara Regional Police Service.

Mon
18
Jan

Which Is The Top Canadian Marijuana Stock To Buy? Aphria Vs Canopy

January Shows Momentum For Canadian Cannabis Stocks

The month of January has given substantial gains to marijuana stocks mid-way through the month. As it stands the most gains have been seen in Canadian cannabis stocks to watch like Aurora Cannabis Inc. (NASDAQ: ACB). In fact, ACB stock is up over 44% since the start of 2021. This is due to investor belief that federal reform is highly likely to occur sometime this year.

Fri
15
Jan

3 Tips For Adding Marijuana Stocks To Your Portfolio

Put in the work, be disciplined, and consider getting a little exposure in this area to balance out a well-diversified portfolio.

Whether or not you’re personally interested in the use or application of cannabis, there’s no doubt that this market is prepared to boom in the coming years. Strategically adding some stocks to your portfolio could generate healthy returns.

Marijuana Market Overview

To say that there are certain connotations and assumptions associated with the marijuana market would be putting it lightly. Because of the historical treatment of marijuana and various state laws regarding production, sale, and consumption, some look down on this market and/or have reached misguided conclusions on the purpose it serves.

Fri
15
Jan

Four cannabis executives listed in annual report of Canada’s top-paid CEOs

The latest report from the Canadian Centre for Policy Alternatives (CCPA), titled The Golden Cushion, lists Canada’s top-paid CEOs in 2019. On average, the top-100 CEOs made 202 times what the average Canadian worker earned.

Fri
15
Jan

2 Top Canadian Marijuana Stocks To Watch Right Now

A January Rally For Top Marijuana Stocks

Fri
15
Jan

Cannabis NB Posts Fourth Straight Profitable Quarter

Cannabis NB is showing gains for the fourth consecutive quarter and continues to turn a profit.

Unaudited third-quarter results released Wednesday show the Crown corporation posted a net profit of $2.8 million.

That pushes Cannabis NB’s net profit for the fiscal to date to $7.4 million.

“We anticipate ending the fiscal year in a strong position with $10 million in profit,” Lori Stickles, president and CEO of Cannabis NB, said in a statement.

The Crown corporation was plagued by multimillion-dollar quarterly losses in the months after it opened in October 2018.

But things began to turn around in the fourth quarter of 2019-20 when Cannabis NB posted a small profit of $500,000.

Thu
14
Jan

Which Are The Best Marijuana Stocks In 2021 For Long Term Investing?

Are Cannabis Stocks Good For Long-Term Investing?

Thu
14
Jan

Report: Global Cannabis Market to Surpass $42 Billion by 2024

The global cannabis market is expected to continue climbing to new heights over the next few years, according to a recent report.

The report from Arcview Group & BDS Analytics, that said that the global cannabis market is expected to reach to $42.7 Billion by 2024.

“That is a true testament to just how popular cannabis is among consumers and the ongoing impact of new markets coming online and maturing,” the report reads. “The possibilities are boundless as political progress opens up more markets across the world, and struggling markets sort out their regulatory framework.”

Thu
14
Jan

Molson aims to create mass CBD drink brand with Veryvell

Move over, Miller -- it’s CBD time.

Molson Coors Beverage Co., the beer maker better known for popular brands like Coors and Miller High Life, has a new candidate for a big-time brand. But the drink, known as Veryvell, contains CBD instead of alcohol.

Pete Marino, president of the emerging growth division for Molson Coors, said in a phone interview that the company seeks to create a new mega-brand within three years. Veryvell is one of the non-alcoholic candidates from the division, which has already produced La Colombe coffee drinks and ZOA Energy drinks.

Pages

Subscribe to RSS - Marijuana Business News