Marijuana Business News

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Wed
17
Jun

'The pandemic was not in the plan': Pot shop launches struggle amid pandemic

When hospitality business Donnelly Group rang in the new year, opening two Hobo Cannabis Company stores in March and April were top priorities.

But shortly after it hired and trained 80 employees for the Ottawa stores and readied pot products to fill their shelves, trouble arrived: COVID-19.

"Just as quickly as we opened those two Ottawa locations, we had to close them because cannabis stores were delisted from the essential businesses list," said Harrison Stoker, Donnelly's vice-president of brand.

"We were super nervous. Our opening journey in Ontario has been anxiety-filled."

Tue
16
Jun

2 Cannabis Stocks That Should Survive the COVID-19 Crisis

What's essential for businesses when a crisis like the COVID-19 pandemic hits is to keep operating and try to make it out of the crisis without running out of money. Almost all the sectors are tumbling, with many companies facing the prospect of bankruptcy. 

Tue
16
Jun

Cannabis black market still thriving 18 months after legalization

The nondescript storefront in the 1100-block of Kingsway has paper covering all of its windows except for a neon “open” sign that is still illuminated just before 11 p.m. on a Sunday.

The yellow awning overhead suggests the building houses an auto repair shop.

But just inside the front door is another sign — King Canna.

It is one of several illegal cannabis stores still operating in Vancouver more than 18 months after marijuana was legalized in Canada. And even though provincial regulators seized products at King Canna on May 27, it remained open for business this week.

The stores aren’t the only sign that black market cannabis is still a hot commodity in B.C.

Tue
16
Jun

B.C. craft cannabis co-op aims to get small producers to market

The B.C. Craft Farmers Co-op has submitted its proposal for a government-assisted pilot project to get small-scale growers into the legal cannabis market that has been dominated by large producers.

The co-op, a project started by former Surrey councillor Barinder Rasode, has been proposed to the federal and B.C. governments as a two-year economic development and job creation project to make the licensing of small cannabis producers more accessible.

Mon
15
Jun

Two Marijuana Stocks That Are Redefining The Industry

Marijuana Stocks Continue to Show Promise in the Cannabis Industry

Mon
15
Jun

4 Things You Need To Know Before Visiting A Marijuana Dispensary

To ensure you have the best experience during your first dispensary trip, make sure you understand this short list of things a person needs to know before visiting.  

People have a tendency to get a bit excited when the concept of legal weed comes alive in their state. Hey, we can’t say that we blame them. It’s not every day that a plant still considered as dangerous as heroin and LSD in the eyes of the federal government gets the green light to be sold in a retail environment similar to beer. It’s a big deal, we don’t care who you are, especially considering the checkered, eight-decades long history of cannabis prohibition in the United States.  

Mon
15
Jun

Tilray sued again over ABG revenue-sharing agreement

Canadian cannabis company Tilray has been hit by yet another lawsuit, this time over the alleged misleading of shareholders and insider trading. 

According to Marijuana Business Daily, the new lawsuit was filed by Tilray shareholder Lee Morgan on June 5 in the U.S. District Court for the District of Delaware.

The lawsuit, which targets Tilray’s CEO Brandon Kennedy, former Chief Financial Officer Mark Castaneda and others in Tilray’s board, alleges that the defendants breached their fiduciary duties in connection to the long-term revenue-sharing agreement between Tilray and Authentic Brands Group (ABG).

Mon
15
Jun

Toys "R" Us wins case against B.C. pot dispensary with similar branding

A Vancouver cannabis dispensary is going to need a new name and logo after losing a legal battle with retailer Toys "R" Us (Canada) Ltd.

A federal judge ruled Herbs "R" Us Wellness Society has used Toys R Us's registered trademark in a way that damages the goodwill attached to it.

Toys "R" Us argued that Herbs "R" Us's green logo with a cannabis leaf in the middle of the 'r' uses a similar font and arrangement of letters as the toy store.

Judge Nicholas McHaffie ruled Herbs "R" Us must destroy any goods, packages, labels and advertising material in its possession that bear the similar logo.

He ordered the dispensary to pay to Toys "R" Us $15,000 damages and $15,000 for the costs of its court application.

Fri
12
Jun

Can These Two Marijuana Stocks Make a Big Comeback?

Although many leading marijuana stocks have come back in big numbers, not all who play are winners. It is important to look at both the long and short term numbers to see how a pot stock could perform in the near future. But, the current state of the cannabis industry has made several pot stocks look quite good for the long term. These companies span several areas of the market, and for that reason are quite diverse in their nature.

Fri
12
Jun

Cannabis Beverage Market To Hit $1.82B By Year's End

CBD & THC INFUSED DRINKS TO BENEFIT FROM “THE LIPSTICK EFFECT” AS CONSUMERS SEEK OUT SMALL LUXURIES DURING COVID-19 LOCKDOWN AND BEYOND

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