Marijuana Business News

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stocks
business
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

Fri
12
Jun

Ontario keeps weed delivery and pickup as COVID-19 closures ease

Some Ontarians can now order regulated cannabis to their front doors as quickly as takeout. 

Dutchie, an Oregon-based weed delivery service, launched curbside pickup and delivery services in Canada’s most populated province Wednesday. 

Fri
12
Jun

Hexo CEO calls for more pot shops in Ontario, Quebec in profit push

Hexo Corp. has a plan to become profitable, but getting there will require an influx of newly-licensed pot shops to open in Canada's biggest consumer markets, the company's chief executive officer said Thursday. 

"Our plan to achieve adjusted positive EBITDA by the end of the calendar year will depend on the growth of retail stores in our two largest markets, Ontario and Quebec," said Sebastien St-Louis in a conference call with analysts.

"We need the governments to either continue to build out the retail infrastructure, or allow the private sector to provide the service that consumers demand."

Fri
12
Jun

Are the CBD and THC levels listed on cannabis packaging actually accurate?

In December, New Brunswick-based producer Zenabis recalled a line of “CBD Light” gel caps, labelled as containing six milligrams of CBD per capsule, with no THC. It turns out, they were actually THC gel caps with no CBD whatsoever. 

Zenabis isn’t the only producer to run into labelling issues. Last September, Aurora Cannabis recalled it’s Blue Dream Sativa which had been sold through the Société québécoise du cannabis (SQDC). The label said the flower contained 19.1 per cent total THC, but the correct value was 15.7 per cent. More than 3,000 units were sold before the product was recalled. 

Fri
12
Jun

SQDC: Montreal will have same-day delivery of legal weed by July

Montrealers can expect same-day delivery of

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