Marijuana Business News

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stocks
business
Wed
10
Jun

Two Marijuana Stocks That Are Showing Consistent Gains

The months of May and June have already shown a great amount of positive gains for many leading marijuana stocks. As we continue to traverse into the summer, it looks like these cannabis stock gains are becoming more and more consistent. There are several reasons as to why the cannabis industry is showing so much upward propensity right now. For one, the cannabis industry has recorded more percentage gains and on a more consistent basis than most other areas of the stock market.

Wed
10
Jun
Wed
10
Jun

4 Reasons Cannabis Companies Are Moving to an Enterprise Solution

To say 2020 could be a defining year for vertically integrated cannabis companies is an understatement.

It will be. And those driving execution in this complex, regulated industry with an enterprise-level solution will prove to be the leaders. 

This year, the cannabis industry has been thrust into yet another transitional period. Legalization legislation is potentially off the table for the foreseeable future, and many are dealing with a shrinking economy for the first time. 

Wed
10
Jun

We've got the data on the first full fiscal year of cannabis sales in Ontario. These are the undisputed winners

Canadian cannabis consumers love nothing more than to weigh in on our country’s legalization rollout. In Ontario — often cited as having one of the worst of all the provinces — that often means a whole lot of criticism.

From the ill-conceived storefront licence lottery to complaints about quality and pricing, there’s been no shortage of issues to shake one’s head at. But the Ontario Cannabis Store has been hard at work listening to feedback, adjusting prices and perhaps most importantly, collecting data about these all-important early days for the burgeoning sector.

Wed
10
Jun

Ontarians spent $20M on Cannabis 2.0 items in first three months of sales: OCS

Ontarians shelled out almost $20 million in the first three months that edibles and other products in Canada's second wave of legalization were available for sale — and experts believe that number will only grow.

Cannabis vapes, topicals, concentrates and edibles such as gummies and chocolates hit store shelves in January with beverages following in March, but roughly $19.3 million worth of those products were sold in Ontario in the 12 months ending at March 2020.

The province's distributor, the Ontario Cannabis Store, said vapes were the most popular products in the second wave of legalization, known as Cannabis 2.0. About $14.8 million worth of vapes were sold in the first three months they were available.

Tue
09
Jun

June Gloom Can’t Keep Marijuana Stocks Down

Marijuana stocks have without a doubt had a tough time in the past six months. With the coronavirus fighting off positive market sentiment, it seems as though in the past few weeks, pot stocks have begun to fight back. During that time, we have seen a continual increase in leading marijuana stock prices. It seems as though cannabis stocks are working to keep up with market demand as the desire to purchase cannabis continues to increase. Although the cannabis industry does still have a long way to go, it seems as though cannabis stocks are here for the long term.

Tue
09
Jun

Ontario Details How Legal Cannabis Is Taking Root

Today the Ontario Cannabis Store (OCS) published A Year in Review (2019-2020): Ontario’s first full year of legal cannabis operations as a resource for the Ontario cannabis industry. It provides comprehensive data including detailed sales figures by category and brand, pricing information and consumer trends.

This transparent and publicly available source of cannabis data is an important milestone in building Canada’s largest, most dynamic, legal cannabis marketplace. The report will evolve over time with the goal of supporting authorized retailers and licensed producers, informing social responsibility efforts and offering a transparent view into Ontario’s cannabis sector.

Tue
09
Jun

Ontario sells over 35 tonnes of legal pot in past year, OCS says

Ontario sold more than 35 tonnes of legal cannabis in the past year, according to the province's Crown corporation in charge of selling pot online and to the wholesale market. 

The Ontario Cannabis Store (OCS) released its initial report detailing how the first full fiscal year of sales fared late Monday, showing exactly which brands and products sold well in Canada's most populous province and how sales helped take a significant chunk of sales away from the illicit market. 

Tue
09
Jun

Let's talk about celebrities and their weed brands. How do they get around Health Canada's marketing rules?

When Dan Aykroyd’s Crystal Head Vodka made its Canadian debut more than a decade ago, the Liquor Control Board of Ontario banned it. It wasn’t because Akroyd was promoting the “clean” and “premium” nature of the product, or using his celebrity status to sell booze. No issues there. It was the skull-shaped bottle that had them worried. 

Tue
09
Jun

B.C.’s legal cannabis sales soar to record high in March

Cannabis sales in B.C. are soaring thanks in part to the COVID-19 pandemic.

They surged in March to a record monthly total of more than $23.5 million, according to Statistics Canada. That’s more than eight times the $2.84 million that British Columbians spent on legal weed in the same month a year ago.

The same trend held true countrywide. Canadians spent nearly $181.1 million on legal cannabis in March, or nearly triple the $60.9 million that they spent in March 2019, according to the federal statistics agency.

Some factors at play, particularly in B.C., include:

•more legal stores;

•fewer black-market stores;

•newly legal product categories, such as edibles;

•improved product quality; and

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