North America

Wed
18
Nov

Canadian firms look for ways in or around U.S.

Celebration over the legalization of cannabis in five more U.S. states was hardly over when attention turned to what this all means for industry heavyweights north of the border.

Several of the largest Canadian companies reported quarterly results last week, putting them under the microscope as Wall Street tries to figure out how they’ll grow while largely shut out of the rapidly expanding U.S. market. Some are finding ways in, while others are searching beyond.

Mon
16
Nov

Canadian cannabis companies looking for ways in and around U.S. as market expands

Celebration over the legalization of cannabis in five more U.S. states was hardly over when attention turned to what this all means for industry heavyweights north of the border.

Several of the largest Canadian companies reported quarterly results last week, putting them under the microscope as Wall Street tries to figure out how they’ll grow while largely shut out of the rapidly expanding U.S. market. Some are finding ways in, while others are searching beyond.

Here’s a look at the strategy pivots laid out by a few prominent Canadian cannabis producers:

Thu
05
Nov

3 Pot Stocks to Avoid Like the Plague in November

Though investors' eyes are squarely on tech stocks, it's marijuana that could be one of the fastest-growing industries in North America over the next decade.

The latest edition of Marijuana Business Factbook from Marijuana Business Daily forecasts that legal weed sales in the U.S. could potentially triple to as much as $37 billion by 2024. With more U.S. states giving the green light to recreational and medical cannabis every year, and the Canadian industry working out its kinks, the sky's the limit for North American pot stocks -- well, most of them at least.

Even the fastest-growing industries have laggards that should be avoided at all costs by investors. In November, there are three pot stocks that cannabis stock investors would be wise to steer clear of.

Thu
05
Nov

Canopy Growth launches new CBD drinks in Canada, U.S. challenges loom

Canopy Growth (WEED.TO)(CGC) has launched CBD-based drinks aimed at pushing beverage-based pot beyond occasions where it’s socially appropriate to get high. While the Canadian pot giant continues to expand its infused drinks lineup at home, challenges lay ahead as the company looks toward the American market.

Wed
28
Oct

Michigan border sees 1,726% rise of marijuana seizures since last year

Despite the fact that both Michigan and Canada have legalized recreational marijuana, officials are reporting a sharp rise in illegally transported reefer this year.

U.S. Customs and Border Protection says they've seized more than 9,000 pounds of of the stuff this fiscal year, an increase of 1,726% from last year. And that doesn't even include 1 ton of chronic that was seized on Monday.

Tue
25
Aug

U.S. border officials seize over 1,000 lbs of pot

A Canadian truck driver faces charges in Detroit after border officials at the Fort Street Cargo Facility seized over 1,000 lbs of marijuana on Sunday.

The driver presented a manifest for steel wire destined for a distribution centre in Chicago, but Customs and Border Protection officers got suspicious and sent the truck to secondary inspection.

That’s when they found 1,031 lbs of marijuana hidden in five wooden crates.

“The Port of Detroit is proud to have prevented the exploitation of our borders and the introduction of illicit drugs into our communities,” said Port Director, Devin Chamberlain. “I am equally proud of our CBP Officers and Agriculture Specialists who remain vigilant in their efforts to protect the American people every day.”

Tue
28
Jul

$6 Million Worth of Cannabis Seized At New York-Canada Border

A 45-year-old Canadian man got busted at the border last week hauling millions of dollars worth of marijuana.

Thu
23
Jul

This Is Why We Need Verified Product Reviews For Cannabis

I was reviewing cannabis brand data recently— a chart that compares price against quantity sold. In a traditional industry, it would resemble a downward-sloping demand curve.

But cannabis is not a traditional industry.

Instead of finding a simple graph, I found a hodge-podge of plot points, almost randomized, with little rhyme or reason: young brands, old brands, successful brands, struggling brands—all thrown into the messy mix.

Thu
16
Jul

New record: More than 4 tonnes of marijuana allegedly seized at Canada-U.S. border

 
 
     

TORONTO -- American authorities say they have made the biggest seizure of marijuana at the Canadian border on record.

Thu
02
Jul

Federal Judge Presses U.S. Customs and Border Protection on Transparency in Cannabis Policy

A federal judge is setting new deadlines for U.S. Customs and Border Protection (CBP) to respond to an ongoing lawsuit seeking specific policy language on the agency’s approach to cannabis at the U.S-Canada border. For the past few years, Canadian cannabis industry employees and investors have been turned away at the border—and, in some cases, barred from the U.S. outright.

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