Marijuana Business News

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stocks
business
Mon
11
Jan

Canadian stocks crack all-time high with investors flocking to value and marijuana

Canadian stocks extended gains on Thursday, driving the country’s benchmark index to an all-time high, buoyed by expectations of further fiscal support after Democrats gained control of the U.S. Senate.

The S&P/TSX rose as much as 0.9 per cent to 17,986.03, surpassing the most recent record of 17,944.06 on Feb. 20. The index has climbed four straight days, with marijuana stocks leading the advance. Investors have also flocked to value-oriented sectors in Canada, including energy and materials, while selling growth-oriented tech stocks such as Lightspeed POS Inc. and Shopify Inc.

Mon
11
Jan

Canopy Growth CEO Says It Will Directly Enter U.S. Market Within a Year

Canadian marijuana company Canopy Growth (NASDAQ:CGC) will be directly active in the U.S. market inside of a year. That's according to CEO David Klein, who is banking on the environment for cannabis businesses in the U.S. to improve markedly in the proximate future.

"What we really need is some combination of SAFE Banking, a revised Cole memorandum, and a reclassification by the executive branch, all of which ... probably happens in the next six to eight months anyway," he said in an interview Friday with Canadian business news organization BNN Bloomberg.

Mon
11
Jan

Ontario Cannabis Store to begin culling unsaleable products, introduces craft designation

Ontario’s provincial cannabis retailer will soon stop carrying products that don’t meet certain sales targets and introduce a "craft designation" to boost smaller licensed producers.

The strategy, which was outlined in a webinar Friday for Canadian cannabis producers, will see products sold through the Ontario Cannabis Store (OCS) be required to meet weekly sales targets consistently or face delisting from store shelves. 

Fri
08
Jan

The Canadian Cannabis Extracts Market Is One Investors Should Be Watching In 2021

Read entire article at Technical 420

To follow up on the first publication from a planned series of articles that are focused the global cannabis opportunity in 2021, we want to highlight the Canadian cannabis concentrate market.

In our opinion, this is an under-appreciated vertical of the Canadian cannabis market that has substantial growth prospects. Following the legalization of cannabis 2.0 products in late 2019, we noticed a substantial increase in demand for cannabis concentrates as well as products that are made by cannabis concentrates.

Fri
08
Jan

How to Choose the Right Machinery for Cannabis Processing

The global cannabis industry has grown massively since its birth. Cannabis processing is currently being done in large factories.

The FRITSCH team in the lab. Photo courtesy of FRITSCH Inc.

Unfortunately, even with the progress made, machinery for processing is often made without consideration for the specific materials being processed.

At the moment, the consensus on processing cannabis is that it requires heavy machinery.

Fri
08
Jan

A Look-Back how the Cannabis Industry Helped Fight COVID-19 in 2020

Clearly, for millions, a brief glance in the rear-view mirror for 2020 is best left as just that…a glance. It had been, for more than nine, long months, one of the most challenging years in recorded history. The COVID-19 pandemic, it’s path of destruction in lost lives, displaced workers and students, along with a myriad of bankrupt industries has continued to wreak havoc across the globe.

But along the way, enterprising individuals and forward-thinking companies found a way to help people cope with and actual profit from the economic downturn wrought by the novel coronavirus. And as is in all doom and gloom scenarios, there is usually a light at the end of the tunnel, and this case a safe and effective vaccine that will hopefully eradicate the virus once and for all.

Fri
08
Jan

How has the coronavirus pandemic impacted cannabis use in Canada?

Rubicon Organics Inc., which runs a 125,000-square-foot greenhouse cannabis greenhouse facility on 104th Street in East Ladner, this week announced it has received its first purchase order from the Société québécoise du cannabis to sell a cannabis brand exclusively for Quebec.

The brand will include both flower and hash.

Rubicon earlier said it was already ramping up production capacity to 11,000 kilograms per year of organic certified and environmentally sustainable cannabis.

The company last summer announced it received approval from Health Canada for certain site amendments.

 

The amendments address the expansion of the licensed area to include an 11-acre outdoor grow site on Rubicon’s 20-acre property in Delta.

Thu
07
Jan

Celebrities Continue To Cash In On Cannabis

“This is just another way for a celebrity to leverage their own brand equity and to be crass to make money,” according to one industry insider.

This year, the cannabis world has welcomed so many famous people. Some decided to become part of the industry as brand ambassadors, while others launched their own brands. Musicians, actors and athletes have expressed their love for the plant.

But why now?

Was it because the stigma around cannabis has faded more than ever before? Or, was it because of industry growth, which thus presented lucrative opportunities?

Thu
07
Jan

Marijuana Stocks in 2021: Do Canadian Pot Stocks Still Have Upside?

Canadian Marijuana Stocks Moving Forward

There’s little doubt in my mind that the future of the pot stock market lies in U.S. marijuana stocks. I’ve written about the growth potential in that segment time and time again.

I wouldn’t blame you, dear reader, if you had gotten the impression that Canadian pot stocks, by contrast, were no longer of interest. But that couldn’t be further from the truth. Canadian marijuana stocks still have plenty of potential; they just need to be handled a little more deftly compared to U.S. pot stocks.

The Canadian marijuana market has made many millionaires over the past few years (and even a billionaire or two). It’s that potential for investor profit that led us to create the Marijuana Millionaire newsletter.

Thu
07
Jan

Markets react to prospect of 'blue wave' in Georgia Senate vote

Investors digested the somewhat unexpected win of two Georgia Senate seats by the Democrats on Wednesday, completing an apparent so-called blue wave that could have major consequences on the stock market.

Democrat Raphael Warnock beat incumbent Republican Kelly Loeffler in one of Georgia's two Senate run-offs, and Democrat Jon Ossoff was leading incumbent David Perdue in the other.

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