Marijuana Business News

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stocks
business
Tue
20
Nov

Coca-Cola is not interested in cannabis, CEO says

Earlier this fall, Coca-Cola had reportedly stated its interest developing drinks infused with CBD, the non-psychoactive cannabinoid compound in marijuana often taken to treat conditions ranging from insomnia and anxiety to pain management.

And in the days before recreational legalization in Canada when interest in all things pot-related was reaching its peak, news broke that Coca-Cola had been in talks with Edmonton-based cannabis company Aurora Cannabis , which caused Aurora‚Äôs share price to immediately shoot up 17 per cent. The run prompted a halt in trading in ACB, while a Canadian regulator pushed Aurora into publishing a statement attesting to the fact that ‚Äúno agreement, understanding or arrangement‚ÄĚ had in fact been made with Coca-Cola.

Tue
20
Nov

Better marijuana stock: The Green Organic Dutchman vs. Innovative Industrial Properties

If you're highly skeptical of the multibillion-dollar market caps of some of the most well-known marijuana stocks, there are other alternatives.

Two that immediately jump to mind are The Green Organic Dutchman (NASDAQOTH:TGODF) and Innovative Industrial Properties (NYSE:IIPR). The former sports a market cap of a little less than $1 billion, while the latter claims a much smaller market cap of just shy of $400 million.

Tue
20
Nov

WeedMD acquires cannabis sales license from Health Canada

Last week, WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) announced the acquisition of a license from Health Canada to sell cannabis grown at its facility in Strathroy, Ontario. Under the terms of the license, the company can now transport cannabis from Strathroy to Aylmer, Ontario where they have indoor packaging and distribution space.

With 44,000-square-feet of space already approved, and another 60,000-square-feet awaiting the okay from Health Canada, WeedMD appears well on track to reach their production goals for the new year.

Tue
20
Nov

This marijuana stock just produced a legit profit

The marijuana industry is absolutely firing on all cylinders this year, and investors have clearly taken notice. Our neighbor to the north, Canada, removed nine decades of recreational cannabis prohibition on Oct. 17, while two additional stateslegalized marijuana in some capacity in the U.S. during midterm elections. Beyond these major North American events, investors have also seen a slew of first-time occurrences in the weed industry in 2018.

But for as great as things have been for pot stocks, one thing is still missing: profits.

Tue
20
Nov

Marijuana earnings wrap-up: Cannabis stock winners and losers

Investors have flooded into marijuana stocks in the hopes of finding huge returns as legalized cannabis spreads across North America. The opening of the Canadian recreational market gave those following the industry hopes to score their most impressive growth opportunity yet, and across the globe, a number of countries are looking at making marijuana more readily available for consumers.

Tue
20
Nov

Pot-infused beverage market could hit $600 million by 2022

In what is becoming an interesting take on the growing cannabis industry in North America, statistics are showing that the beer industry is being impacted negatively as people switch from an alcoholic beverage to pot. No, this doesn't necessarily mean people are opting to get high instead of drunk, either.

According to the Motley Fool, in states where cannabis is legal for medicinal purposes, beer sales fell on average by 15 percent last year. In countries where pot is legal, alcoholic beverage sales have dropped 20 percent.

Tue
20
Nov

3 Canadian marijuana stocks with an early R&D advantage

Research and Development (R&D) expenditures are an important metric that investors look at when analyzing companies in an early-stage, nascent industry such as cannabis. R&D expenditures can be used for a variety of purposes, including product development and testing. In an evolving industry such as cannabis, a strong brand offering is a key differentiator essential for customer retention and obtaining a competitive advantage. Strong brands can be created by providing consumers with products that are differentiated from competitors, which in turn requires R&D spending. R&D spending is also important in developing new product lines. Non-traditional cannabis products, such as cannabis-infused beverages and edibles, will require significant development and testing costs.

Mon
19
Nov

Cannabis marketing rules still hazy post legalization

Despite strict rules limiting the promotion of now legal recreational pot now in effect, cannabis promotions continue to pop up amid loopholes and a lack of clarity on how the legislation’s grey areas should be applied.

Nearly one month on since legalization, there is disagreement in the sector on murky portions of the Cannabis Act governing marketing, with some licensed producers taking a more aggressive approach and others holding back.

‚ÄúThe fact that you aren‚Äôt seeing that an overwhelming wave yet of those kinds of tactics, to me, demonstrates that there is still uncertainty,‚ÄĚ said Rebecca Brown, founder of Crowns Agency, a Toronto-based marketing consultancy focused on the marijuana industry.

Mon
19
Nov

Legal marijuana market overview, industry top manufactures, market size, industry growth analysis & forecast: 2023

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This report has been utilized to gauge the market measure examination to approve it in the generally speaking Legal Marijuana Market. As per the business inquire about, the worldwide Legal Marijuana enterprises is relied upon to quicken at a CAGR of almost XX.X% until Forecast 2023. Further, the report communicates that one of the fundamental contemplations of this market is the expanding cost of crude materials.

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Major classifications are as follows:

Mon
19
Nov

Should you own Aurora Cannabis Inc. (TSX:ACB) and Aphria Inc. (TSX:APHA) stock in your portfolio in 2019?

Yesterday was the one-month anniversary for recreational cannabis legalization in Canada. The roll-out was shaky, as expected, as retailers across the country encountered supply issues in the opening days. This exacerbated the volatility for cannabis stocks, which were ravaged over the past month, also in large part due to a global stock market sell-off that has spilled into November. Horizons Marijuana Life Sciences ETF was down 27% month over month as of close on November 15.

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