Marijuana Business News

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Thu
18
Mar

How Are Cannabis-infused Beverages Doing In the Market?

Sales of cannabis-infused beverages were up 40 percent last year, as companies sought to capitalize on new marijuana consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks. Marijuana beverage companies, for example, have been cashing in on health-related trends such as Dry January, when alcohol drinkers abstain for the month and look for alternative ways to relax.

“People are very mindful of the impact of alcohol on their health and their looks,” said Tracey Mason, co-founder and CEO of cannabis-infused, alcohol-free wine company House of Saka, based in California’s famed Napa Valley winemaking region.

Thu
18
Mar

7 Challenges Facing The Cannabis Industry In 2021

The future is bright for the expanding herb industry, and there’s never been a better time to grow your own bud business.

Despite the damages caused by the global pandemic, the cannabis industry had a remarkably successful 2020. While most businesses closed their doors, many local governments deemed dispensaries and equipment shops essential, allowing them to remain operational.

The public gained a new appreciation for flower, using it as a form of stress-relief, causing sales to skyrocket. Market expansion snowballed a new wave of legalization efforts in states such as New Jersey and Arizona, with an estimated one-in-three gaining recreational herb access in their state.

Wed
17
Mar

U.S. Legalization Nears: Here Are the Best Cannabis Stocks to Buy

marijuana plants

When this year started, I’d discussed when the United States was set to pursue the legalization of recreational cannabis. Cannabis use has ramped up in North American during the COVID-19 pandemic. Entrepreneurs and investors are scrambling to get in on the largest cannabis market on the planet. Today, I want to look at the best cannabis stocks to snatch up as U.S. legalization talks heat up.

Wed
17
Mar

Annapolis Valley operation putting East Coast craft cannabis on the map

image of outdoor facility

 

Robinsons Cannabis in Kentville was busy expanding operations to add an outdoor grow site in Hortonville in 2019. - File Photo

KENTVILLE, N.S. — 

A Kentville company is growing a craft cannabis operation that it says is putting East Coast cannabis on the map.

Robinsons Cannabis opened its 2,573 square metre, state-of-the-art indoor cultivation facility in the Kentville Industrial Park in July 2020, after purchasing land for the plant in 2017.

Robinsons Cannabis is part of Auxly Cannabis Group, a publicly-traded company headquartered in Toronto. A spokesperson said Auxly operates some of Canada's most popular cannabis brands, including Robinsons, Foray, Back Forty, Kolab Project and Dosecann.

Wed
17
Mar

Is Canadian Cannabis Corp (CCAN) Stock About to Get Hot Wednesday?

marijuana plant

 

Canadian Cannabis Corp (CCAN) stock is higher by 66.67% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Wed
17
Mar

Cannabis NB privatization decision coming soon, industry and cities ask for pause

inside dispensary

SAINT JOHN, N.B. -- New Brunswick's provincial budget doesn't include a decision about the potential privatization of Cannabis NB, but the province's finance minister said an announcement would be coming soon.

"I'm not going to comment on Cannabis NB other than to say Cannabis NB will be coming up in cabinet this Thursday," said Finance Minister Ernie Steeves on Tuesday. "I would suggest that shortly after that you'll get a sense of what's happening."

Later in the day, Steeves said it was his own personal preference to sell Cannabis NB in an interview with CTV's Steve Murphy.

Meanwhile, industry officials and municipalities are urging the New Brunswick government to keep Cannabis NB under provincial control.

Tue
16
Mar

Why the Alcohol Industry Is Betting Big on Cannabis

The tide has changed for cannabis in the U.S., and the beverage alcohol industry is noticing—and increasingly, getting in on the game. Cannabis sales in the U.S. are expected to reach $16.2 billion in 2021, with cannabis beverage sales comprising $1 billion of that, according to BDS Analytics

Tue
16
Mar

How Are Industry Leaders Continuing to Innovate During Covid-19?

For the cultivator looking to achieve the highest efficiency, most consistent yields, and most predictable revenue results, this year has been a real challenge to say the least.

“It’s a new landscape with COVID-19,” says Derek Oxford, CEO and Founder of Total Grow Control, an engineering and manufacturing company that builds reliable nutrient delivery systems and water filtration solutions. Like many companies serving the cannabis industry, Total Grow Control thrives on in-person relationships and traditional sales processes. Hence, social distancing dealt a heavy blow.

Yet, Total Grow Control (TGC) adapted. They changed how they managed vendors and how they set up the manufacturing facility. What’s more, all TGC’s latest systems have built-in cameras.

Tue
16
Mar

How Data Analytics is Transforming 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).

Tue
16
Mar

Health Canada probing cannabis labelling amid Canopy Growth potency complaint

Health Canada is investigating complaints alleging inaccurately-labelled potency levels for some products sold by licensed pot producers, including industry leader Canopy Growth Corp. 

The Smiths Falls, Ont.-based cannabis producer was called out by a rival in a complaint submitted to Health Canada's Cannabis Compliance Directorate last month. According to a copy of the document obtained by BNN Bloomberg, the complaint centres on sales of Canopy’s TWD brand that displays a flat 20-per-cent tetrahydrocannabinol (THC) potency for 18 separate batches of its cannabis products. 

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