Marijuana Business News

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stocks
business
Wed
29
Jul

3 Ways COVID Is Hurting CBD Sales

A new report found that price was the second biggest factor for consumers when making CBD purchase decisions.

Tue
28
Jul

3 Top Cannabis Stocks to Buy Right Now

While the healthcare sector is fighting to reach the finish line of finding a cure for coronavirus and putting an end to the worldwide misery it causes, cannabis is proving relief to people dealing with this crisis. This has put the cannabis sector in the limelight again -- not only highlighting the medical benefits of marijuana, but also giving an idea about the potential of this sector.

Tue
28
Jul

More Canadian firms than ever are seeking creditor protection

A record number of Canada’s largest businesses are seeking protection from creditors, a testament to the strains companies are under because of the coronavirus pandemic.

In the three months through June, 27 firms were granted protection under the Companies’ Creditors Arrangement Act, a federal law that gives insolvent corporations that have debt of more than $5 million an opportunity to restructure and avoid liquidation. That’s the most in any quarter since 2009, which is as far back as the data are available, according to the Office of the Superintendent of Bankruptcy.

May and June saw 10 and 12 orders granting protection, respectively, under the CCAA. The average since 2009 is three a month. Previously, the highest monthly total was nine, in December 2011.

Tue
28
Jul

Cannabis is now B.C.'s top agriculture crop. But not all farmers are enjoying the high

British Columbian farmers experienced record sales in 2019 – and it’s in large part thanks to weed, according to

Mon
27
Jul

How Ergonomics Plays a Crucial Role in Cannabis Worker Safety

Ergonomics and the associated employer requirements to maintain safe workplaces, especially in industries where repetitive motion injuries are common, are at the forefront of modern claim prevention. However, the legal cannabis industry could be especially vulnerable.

As a legalization shift sweeps the nation, responsible cannabis growers in California are uniquely positioned to lead the way, while others either comply or face hefty penalties.

Mon
27
Jul

3 Pot Stocks That Could Become Big Winners in 2020

Many cannabis companies have fallen out of favor over the past few months amid growing financial losses and other issues. However, there are a few businesses out there that are not only doing surprisingly well for themselves, but remain just as promising for investors as they were before this coronavirus pandemic began.

If you're looking to invest in a handful of high-quality cannabis stocks but aren't sure where to look, here are three companies that you should seriously consider adding to your portfolio in 2020.

Fri
24
Jul

Could Canadian Marijuana Stocks Make a Big Comeback This Earnings Season?

Why The Second Quarter of This Year Could be a Game Changer For Canadian Pot Stocks

Fri
24
Jul

3 Canadian Cannabis Price Target Updates Investors Need To Know

From a revenue and cash flow standpoint, 2020 has been a banner year for the Canadian cannabis industry and we believe that the industry is reaching an inflection point.

Based on the monthly revenue numbers that are reported by Health Canada, consumers are purchasing considerably more cannabis from legal operators in 2020 when compared to 2019. Although the size of the Canadian cannabis market has more than doubled in less than one-year, public cannabis companies have been under considerable pressure and this is a trend that our readers need to be aware of.

Fri
24
Jul

Are more B.C. tokers finally looking to legal cannabis over the black market?

B.C. has has a difficult road to getting cannabis users interested in purchasing from legal retailers over their neighbourhood dealer, but a recent poll suggests that the province may finally be winning the battle over bud.

A Research Co. poll released earlier this month found that 51 per cent of B.C. respondents who have consumed cannabis in the past six months have bought all of their products from licensed retailers. That’s an 18-point increase from a similar survey conducted in October 2019.

About 20 per cent of the 800 respondents surveyed said that “most” or “some” of their cannabis was obtained at a licensed retailer, while 16 per cent admitted to purchasing only through illegal dealers or unlicensed retailers.

Thu
23
Jul

Initiative to fight anti-Black racism to create accountability between what weed companies do, say

An initiative to fight anti-Black racism signed by hundreds of Canadian companies could make businesses put their money where their mouth is when talking about diversity.

Over 200 organization, including several cannabis giants, have signed the BlackNorth Initiative and publicly pledged to battle anti-Black racism this week. The initiative was created by The Canadian Council of Business Leaders Against Anti-Black Systemic Racism.

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