Marijuana Business News

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Mon
16
Mar

4 Ways Coronavirus Can Affect the Marijuana Industry

In case you missed it, the World Health Organization (WHO) made the announcement that most people were expecting this past Wednesday, March 11: Coronavirus disease 2019 (COVID-19) is officially a pandemic.

Mon
16
Mar

Waterloo’s first cannabis store opens its doors

The first cannabis store in Waterloo and the third in the region is officially open.

Bud and Sally Cannabis Company held its grand opening on Saturday and welcomed in the public at noon.

“We’re doing all that we can to create a warm shopping place for our customers,” said store owner John Radostits. “With all the thing’s going on in the world it’s pretty exciting to have a friendly place to buy your cannabis.”

Fri
13
Mar

Can These Marijuana Stocks Beat The Coronavirus?

Marijuana stocks have definitely seen better days. But, due to the coronavirus market fluctuations have hit the market hard. With these recent events, it is hard to pick a strategy to trade with because uncertainty is very much in the air. But, as traders, we can look for value wherever it can be found. Much of the talk surrounding pot stocks right now is about looking for companies that are at bare bottom prices. These companies could provide a solid bounce in price once all of the coronavirus related fears have gone away.

Fri
13
Mar

N.W.T.'s online cannabis store lost $136K last year

The Northwest Territories's online cannabis store has seen only 604 users since legalization and lost $136,000 last fiscal year. It's on track to lose the same amount or more in 2019-2020.

That's despite a 44 per cent markup on all products sold in the online store — a profit margin which guarantees its prices are not competitive with black market vendors.

Since legalization, $3.9 million worth of legal cannabis has been sold in the territory. But just $57,664 of that — less than 1.5 per cent — was purchased online.

"The online store was established to ensure that NWT residents in all communities have access to safe and legal cannabis," Todd Sasaki, a spokesperson for the territory's Department of Finance, wrote in an email.

Fri
13
Mar

Aurora Cannabis Is Now a Penny Stock. Will It Recover?

Marijuana stocks have gone through a massive roller-coaster ride over the past couple of years. Go back to 2018, and it seemed that even the tiniest companies with ties to cannabis were soaring, even if their business models were unproven. Now, there's just as much pessimism as there was optimism back then, and even well-established leaders in the cannabis industry have felt the pain.

Thu
12
Mar

Stigma still mars cannabis labour market

A poll by Goldbeck Recruiting Inc. indicates that stigma and personal bias may play bigger roles in the potential of the cannabis industry in Canada than previously thought.

Results reflect input from 1,521 members of the Angus Reid Forum, an online public opinion community in which people across Canada answer surveys on various topics in exchange for points that can be redeemed for prizes or rewards.

Goldbeck gleaned data from the polls in creating its 2020 Cannabis Labour Market report, which explores why job-seekers are willing (or not willing) to work in the cannabis industry.

Thu
12
Mar

How Are These Top Marijuana Stocks Dealing With Coronavirus Volatility?

The Coronavirus has swept its way across the market over the past month. In that time, world markets have declined to lower levels. But with this massive selloff comes the opportunity to find potentially lucrative marijuana stocks to buy at lower prices than usual. For those not privy to the MSO market, these marijuana stocks have managed to make continual gains while others have failed. MSO or multi-state operator pot stocks work by owning retail dispensaries around various states in the U.S. Because of their role in the retail market, they are not nearly as subject to the volatility of pure-play pot stocks.

Wed
11
Mar

Seeking Investment? Cannabis Entrepreneurs Need To Answer These Five Questions

The purpose of due diligence is to reduce risk when entering into an agreement or contract with another party. While it may seem like a pain, the due diligence process is a normal and necessary part of any investment or M&A transaction.

However, there are a few prominent challenges cannabis businesses and their prospective investors or partners encounter when going through the process — mostly due to the unique nature of the cannabis industry.

To illuminate some of the specific challenges cannabis operators face, here are five questions that a potential investor or partner could ask as part of the due diligence process: 

Wed
11
Mar

An Ontario cannabis company is selling toilet paper in wake of coronavirus crisis

Due to coronavirus panic buys, toilet paper shortages are being reported across North America. While retailers try to put limits on the number of packages its customers can buy, one enterprising Canadian cannabis company is taking advantage of the situation for a noble purpose.

TVAPE, an Ontario-based retailer of cannabis vaporizers, is promising to ship coveted stock to nearby locations. But all is not exactly as it seems. Originally listed at a steep $130 per roll (a supposedly marked down rate from a previous listing of $270), the product is now “out of stock.”

It turns out that TVAPE isn’t actually selling toilet paper. Instead, the company is using the hysteria surrounding stockpiling essential supplies to raise awareness of Covid-19.

Wed
11
Mar

Why Aurora Cannabis Stock Is Bouncing Back Today

What happened

Shares of Aurora Cannabis (NYSE:ACB) were up 3.4% as of 11:26 a.m. EDT on Tuesday after rising as much as 12.6% earlier in the day. The Canadian cannabis producer didn't have any news of its own. Instead, today's move is part of an overall rebound for the stock market after Monday's massive sell-off.

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