Marijuana Business News

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stocks
business
Mon
04
Jan

Cannabis: 4 things to watch for in 2021

Making predictions about California’s marijuana industry was a challenge even before a global pandemic changed everything.

It’s not just that the legal cannabis market, which launched three years ago in California, is so new. It’s also the singularity of an industry in which licensed, legal operators still compete against a much larger illicit market, even as the industry’s core consumer product — which is medicine for some people — remains illegal at the federal level.

Mon
04
Jan

Cannabis in Canada: 2020 reflections and 2021 predictions

Canada celebrated the second anniversary of cannabis legalization this past October, and with it, the growing sophistication of the industry’s producers and its consumers.

With any emerging industry comes the need for flexibility and adaptability — and this was needed even more so with the unexpected arrival of the COVID-19 pandemic in March.

Industry players were required to stay lean, nimble and responsive to fluctuating economic conditions and rapidly changing demands.

We were reminded that Canada’s cannabis industry is still in the early days of legalization, and that growing pains are still very apparent. In 2020, we saw many cannabis companies continue to scale back their operations in an effort to achieve profitability.

Thu
31
Dec

How Cannabis Companies Adapted and Flourished During a Marketing Crisis

Although every industry in North America has been touched in some way by the spread of COVID, many cannabis and CBD companies saw their revenues increase when the pandemic began to escalate in the United States in March 2020, a time when other businesses struggled to survive.

Wed
30
Dec

The Marijuana Milestone That'll Be Hit in 2021

It's been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks.

Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we're beginning to see the first signs of industry maturation. In October 2018, Canada became the first industrialized country in the world to roll out the green carpet for recreational marijuana sales.

Tue
29
Dec

CBD Edibles Not All They Claim To Be

With every passing day and every new bit of legislation passed, more products containing CBD hit the shelves. Word is out that cannabinoids have real and lasting benefits, particularly when it comes to troubleshooting some of the most persistent maladies plaguing consumers today, including anxiety, insomnia, and pain. Word is also out that not all CBD products are created equal, and that the potency promised on packaging may not be an accurate reflection of the product within.

Tue
29
Dec

These 2 Top Canadian Marijuana Stocks To Watch May Reach New Gains

This year has been quite a doozie for marijuana stocks. 2020 started out looking like it would be a promising time for the cannabis market, but then the coronavirus quickly took its toll. Now, we are in the midst of a pandemic, and we continue to see trading with cannabis stocks done off of fear. This fear-based trading is the main reason behind the large volatility that we have seen in the cannabis market for most of 2020.

Thu
24
Dec

Aphria and Tilray Plan $3.8 Billion Merger

A merger of cannabis giants Aphria and Tilray is poised to create a massive shift in the marijuana industry. The two companies announced the plans Dec. 16, with hopes of wrapping the process up in the second quarter of 2021. 

Aphria and Tilray announced they will be merging to create a leading global company accrediting cannabis communities worldwide. It is expected to generate around $100 million pre-tax annually based on the share price of Aphria and Tilray as of Dec. 15.

Thu
24
Dec

The 2 Best Cannabis Stocks to Own in 2021

Up 64% and 34%, respectively, Tilray (NASDAQ:TLRY) and HEXO (NYSE:HEXO) are among the best-performing cannabis stocks in the industry over the past three months. And the momentum seems to be just getting started, as they both have massive upside potential going into 2021. 

Thu
24
Dec

Are Barrier Bags the Future of Cannabis Packaging?

As the cannabis industry expands into the rest of the U.S. market, traditional manufacturers and other businesses are getting involved. For manufacturers, there is an opening for logistical, quality, and production help. Whether it’s in healthcare or packaging, outside industry is now applying traditional business methods to cannabis to further legitimize its place in the contemporary market.

Recently, Cannabis & Tech Today sat down with Roger Throckmorton, Chief Brand Officer at International Plastics in Greenville, SC, to discuss better packaging options for the cannabis industry and why the “barrier bag” is key.

Thu
24
Dec

Columbia Care Is Buying Green Leaf Medical For $240 Million

Columbia Care Inc.  (OTCQX: CCHWF) is buying privately-held Green Leaf Medical, LLC  for approximately $240 million with the potential for additional performance-based milestone payments. Columbia will make a payment of $240 million, consisting of a cash payment of $45 million with the balance of $195 million being satisfied by the issuance of 43,900,144 common shares of the company. The deal is expected to close in the summer of 2021 and Columbia said the deal is immediately accretive.

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