Marijuana Business News

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Tue
10
Mar

Now Is the Time to Bet on Pot Stocks

Pot stocks were hammered in 2019. Nearly every company lost at least 50% of its value. Cannabis demand, on the other hand, continues to climb. This disconnect provides patient investors a clear path to profit.

As with any early-stage market, investors scrambled at the chance to inject pent-up capital into cannabis companies. In 2018, many pot stocks rose by more than 1,000%. By 2019, the hype bubble had popped, sending short-term investors to the sidelines.

Pot stocks were overvalued in 2018, but there’s an argument that the pendulum has swung too far the other way. It doesn’t take a mathematician to realize that many cannabis producers are trading at bargain valuations.

Tue
10
Mar

Government-run pop-up shop featured during cannabis expo in Moncton

Moncton recently played host to what is being called the first-ever consumer show where cannabis products were available for purchase on-site, albeit exclusively through Cannabis NB.

Cannabis lovers from all over New Brunswick descended upon the Moncton Coliseum this past weekend for a customer-focused, cannabis consumer event.

This event, however, had a little something extra: a government-run, cannabis pop-up shop that featured some of event partner Cannabis NB’s latest and greatest new products, such as infused edibles and beverages.

Mon
09
Mar

7 Women To Watch In Cannabis

With skyrocket growth at the advent of more and more U.S. states legalizing medical and recreational marijuana, the total cannabinoid market is projected to reach $44.8 billion by 2024.

Mon
09
Mar

How To Identify High Quality CBD Oil

Today there are literally thousands of CBD oil products on the market, so how can consumers choose quality products?

CBD oil is an amazing supplement, but now it’s also an unregulated, fast-growing industry. That means there are unscrupulous scam-artists trying to rip off consumers, too.

Are there signs of quality CBD oil that you can use to determine if it’s reliable or snake oil?

Mon
09
Mar

How craft could save legal cannabis

s the illicit market continues to dominate Canada’s pot industry, one company is on a mission to teach provinces how craft cannabis can save the struggling legal regime.

B.C.-based processor Shelter announced last week the launch of its Craft Collective Division, an in-house service designed to assist and promote small farmers into the legal market.

How craft could save legal cannabis Shelter Kyp Rowe collective

Mon
09
Mar

Canadian Cannabis Supply Bottle Neck

Last week one of the subjects we touched on was the perception of oversupply in the cannabis market and the reality that it’s a bit more complex than companies overgrowing. One of the most important things to keep track of with regards to the Canadian LP and the Marijuana Stock market is not just the supply of cannabis, but the ability to bring that dried flower and finished product to market. To understand why things are the way they are currently we must first understand what the initial goals for Canadian legalization were and the issues that brought us to this point.

Mon
09
Mar

The Largest Pot Stock in the World Is Cutting Production Big Time

Roughly a year and a half ago, Canadian marijuana stocks were expected to take the global lead in making cannabis a mainstream product. But despite having this pole position among developed countries, regulatory and operational issues have caused the Canadian pot industry to face-plant.

Mon
09
Mar

Ontario Cannabis Store generated $4.3 million in sales from cannabis 2.0 products in January

The Ontario Cannabis Store generated approximately $4.3 million in sales from cannabis 2.0 products last month, according to a statement issued by the provincial retailer Friday afternoon. 

$3.77 million came from sales of vape products and an additional $569,000 was generated from sales of edibles for the month of January. 

The figures included sales to retailers across the province and online sales through OCS.ca. 

“Every new product we introduce, every price drop we make and every authorized retail store that opens strengthens the legal marketplace,” says Cheri Mara, chief commercial officer at the OCS. 

There are currently 43 cannabis stores in Ontario, according to the latest update from the Alcohol and Gaming Corporation of Ontario. 

Mon
09
Mar

Ontario Cannabis Store finally releases its annual report… and strategic objectives

Better late than never.

At long last, the Ontario Cannabis Store (OCS) has released its annual report, albeit almost a year after the conclusion of the fiscal year that it covers.

The report details the Crown corporation’s “formative actions, financial performance and significant accomplishments” from Apr. 1, 2018 to Mar. 31, 2019 — about six months before adult-use cannabis became federally legal and six months after, respectively.

Mon
09
Mar

St John’s Canopy Growth facility 'full steam ahead' despite B.C. closures

Despite the recent closures of two B.C. facilities that resulted in the loss of 500 jobs, Newfoundland and Labrador’s Minister of Tourism, Culture, Industry and Innovation says that Canopy Growth is still moving “full steam ahead” with its planned facility in St John’s, Vocm reports.

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