Marijuana Business News

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stocks
business
Thu
23
Apr

2 Marijuana Stocks To Watch As We Reach The End Of April

The pure-play marijuana stocks have definitely seen better days. In the past month, we have witnessed many of the largest pot stocks, shoot down by billions in market value. While the cannabis industry as a whole is working to rebound from coronavirus related volatility, there are still some interesting marijuana stocks to watch.

Thu
23
Apr

How AI Is Driving the Cannabis Industry

Artificial intelligence has infiltrated our society like a thief in the night. One minute it was a budding idea that everyone thought wouldn’t last, and a minute later, it was in homes all over the world. We have self-driving cars, voice-activated robots, analytical data programs, predictive financial models, and so much more. It’s become part of almost every market—why wouldn’t it affect the cannabis industry too?

Like any industry, the cannabis market has need of efficiency, streamlining, predicting, organizing, and more. AI can bring all these benefits and more. Let’s take a look at exactly how much AI has infiltrated cannabis for the better.

Thu
23
Apr

Legendary Environmentalist Dr. Jane Goodall Launching Hemp-Derived Brand

Neptune Wellness Solutions Inc. NEPT 6.32% announced Tuesday the launch of a product development partnership with the primatologist and anthropologist Dr. Jane Goodall.

Working with the company, Goodall will co-develop natural health and wellness products for Neptune’s Forest Remedies brand.

Five percent of all sales from the co-developed products will go to the Jane Goodall Institute, in addition to an initial $25,000 donation from Neptune.

Thu
23
Apr

Pot lawsuit a 'defensive tactic' to allow Calgary marijuana retailer to default on a loan, B.C. company claims

The $130-million lawsuit filed by a Calgary cannabis retailer is a “defensive tactic” to allow it to default on a loan, a B.C. pot company claims.

In a statement of defence and counterclaim, Tilray Inc. and its subsidiary, High Park Shops Inc. say 420 Investments Ltd., which operates Four20 cannabis outlets, owes them $7 million.

The court documents, obtained Wednesday by Postmedia, dispute 420’s claim Tilray reneged on a deal to purchase the Calgary-based company for $110 million.

Tilray alleges 420 commenced its court action in response to the defendant’s “lawful and entirely justified termination … of an agreement,” and the default by 420 of a $7-million “bridge loan” the retailer received from High Park.

Thu
23
Apr

Union battles London-based marijuana firm WeedMD's demand to name signed workers

 

The union representing some WeedMD production workers is battling the Southwestern Ontario cannabis firm’s demand for names of employees who have signed union cards, information the union says it won’t reveal.

Workers at WeedMD, a licensed marijuana producer that employs more than 200 in Strathroy, Aylmer and Bowmanville, have been signing union cards with the United Food and Commercial Workers (UFCW) union since last month.

A lawyer representing WeedMD wrote the union asking for the names of workers who have signed union cards, national representative Kevin Shimmin said.

Wed
22
Apr

Aphria CEO calls for direct online sales to consumers

Following record sales of marijuana during the coronavirus lockdowns, the CEO of Aphria said that the time is right to allow pot producers to sell their product directly to customers. 

Speaking to BNN Bloomberg last week, Irwin Simon said he wants to become “what Amazon is to the grocery business,” arguing that online cannabis sales could be the future of the struggling industry. 

Most of the legal cannabis in Canada is sold in government-owned stores and via government-run wholesale distribution schemes. Although medical marijuana is sold directly to patients, Canada’s provinces have different rules for selling weed for recreational use.   

Tue
21
Apr

COVID-19 Leaves Cannabis Businesses Scrambling for Staff

As the world is seemingly closed for business, many business owners find themselves in hot water. According to Liesl Bernard, CEO, and founder of cannabis staffing agency CannabizTeam, the cannabis industry is not one of those businesses. Being coined as “corona stress disorder”, people are turning to cannabis products to ease their anxiety over the current state of the world. And since everyone is at home, people are running through their products at a much faster rate than usual. 

Tue
21
Apr

4/20 uncertainty: Marijuana industry tested in virus crisis

The unofficial holiday celebrating all things cannabis arrives Monday as the nation’s emerging legal marijuana market braces for an economic blow from the coronavirus crisis, with many consumers reducing spending or going underground for deals.

It was supposed to be a long weekend of festivals and music culminating on April 20, or 4/20, the code for marijuana’s high holiday. Instead, it has been reduced to an online replica because of stay-at-home orders to curb the pandemic.

Tue
21
Apr

How Terpenes Could Revolutionize The Cannabis Industry As We Know It

Terpenes have become a hot topic in the world of cannabis and beyond.

These valuable compounds unite the cannabis, health, wellness, and flavor industries with a wide range of benefits and applications. As of 2020, there have been over 100 cannabis-derived terpenes identified in published journals. Cannabis is one of the most abundant sources of terpenes in the entire world, with many compounds yet to be discovered. We know after studying hundreds of marijuana samples that there are over 400 terpenes and aroma compounds in a variety of strains.  

Mon
20
Apr

Hemp Farmers Expect COVID-19 to Have Significant Impact on Bottom Line

Although no one knows for sure what the full impact of the novel coronavirus will be on the hemp and CBD industries, farmers are predicting a rough road ahead.

A new survey by Hemp Grower found over 80 percent of hemp farmers who responded expected financial losses due to COVID-19’s influence on the market. About 68 percent said their business already was impacted by the virus and about one-third expect losses of 40 percent or greater. Although a vast majority of respondents either have or are expecting financial losses, about half of respondents said their business is still functioning close to normal. 

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