Marijuana Business News

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Wed
13
Nov

Tilray sees global medical pot as ‘good hedge’ against Canadian risk

Cannabis producer Tilray (TLRY) expects its international medical business to balance out risks in Canada’s year-old recreational market. 

Speaking on a conference call following the company’s fiscal third quarter earnings release, chief financial officer Mark Castaneda said the company will achieve positive EBITDA by the fourth quarter of 2020, bolstered by strong medical sales.

“International medical is by far the highest margin part of the mix, and we expect significant increases in that business to offset any kind of risk on the Canadian adult-use side,” he told analysts after markets closed on Tuesday. “Having that extra leg of growth at high margin is a good hedge.”

Wed
13
Nov

The race to create faster-acting edibles

A few years ago, edibles started showing up in the last place anyone wanted to see them. The obituaries. 

First, 19-year-old student Levy Thamba Pongi visited Denver during spring break of 2014 and jumped off a motel balcony after eating a marijuana cookie. Less than a year later, also in Colorado, a seemingly happy 23-year-old named Luke Goodman died by suicide on a ski vacation in Keystone -- a tragedy his family blames on cannabis candy. Earlier that day, he’d tried a couple of pieces, and when he didn’t feel anything, popped a few more -- four peach tarts and one red velvet in all, five times the recommended dose.

Tue
12
Nov

Aleafia outdoor harvest yields some of the cheapest pot in Canada

Aleafia Health Inc. said the cannabis it grew during its initial outdoor harvest this year resulted in some of the cheapest legal pot grown in the country, a sign that thousands of kilograms of inexpensive marijuana could soon hit the market and create a potential oversupply scenario.
 
Toronto-based Aleafia said on Monday it grew 10,300 kilograms of outdoor-grown cannabis at its 26-acre Port Perry, Ont. facility this year, with cannabinoid levels near identical to similar strains grown indoors. The company said the total all-in cash cost to harvest the outdoor grow, which includes facility capital costs, came to $0.10 per gram, one of the lowest figures in the industry.
Mon
11
Nov

‘I was sleeping with one eye open’ — Canadian cannabis growers harvest their first (legal) outdoor plants

This is the first year Tom has not felt the need to booby-trap his backyard.

An inveterate pot grower, the North York man says new laws allowing Canadians to raise up to four of the plants per household set his mind at ease for the first time in more than half a century of cannabis cultivation.

“For all the years gone by I used to MacGyver the place,” says Tom, who did not want his last name used. “I would put fishing lines along the ground with tin cans so it would make noise if anybody went back there at nighttime. This year I didn’t worry about any of that, I just let it grow.”

Mon
11
Nov

Germany’s medical cannabis market attracts trio of Canadian deals

The Canadian appetite for the German medical cannabis market place is picking up pace with the announcement of a trio of deals. 

In a market statement, EuroLife Brands says it is looking to collaborate with fellow Canadian firm AgraFlora Organics International on an on-line medical cannabis educational platform. The deal will see EuroLife’s physician-sanctioned German cannabis education platform cannvas.de integrated into Agra Flora’s existing network. 

Mon
11
Nov

Will U.S. border officials bar Drake over his cannabis connection?

Drake is reportedly making a sizable investment in the Canadian cannabis industry, along with other celebrities such as Martha Stewart, Snoop Dogg and Alex Rogan.

When Canada legalized marijuana, U.S. customs and immigration officials stated they could refuse entry not only to any person who uses or has used marijuana, but also to anyone who has invested or holds shares in a cannabis company.

It will be interesting to see how much difficulty these celebrities have returning to the U.S. after an engagement or doing business in Canada. I’m guessing none.

Mon
11
Nov

If Ontario sold pot like Alberta, here's how much it would have made

Sluggish cannabis retail in Canada’s largest province has been a sore point for everyday pot consumers and billion-dollar licenced producers alike since recreational legalization over a year ago. 

Provinces charted their own course in establishing legal alternatives to the black market, resulting in a patchwork of public and private channels for online and brick-and-mortar sales. No two markets are as often compared as Ontario and Alberta. 

One key difference is the fact that Ontario has opened just 24 physical cannabis stores versus about 300 in Alberta, a province with roughly 10 million fewer residents.

Fri
08
Nov

Two pot stocks that are taking November by storm

November has already shown itself to be quite a month of potential for pot stocks. Many of the most popular companies in the cannabis industry have seen massive gains in only the past few weeks. This has resulted in marijuana stocks becoming popular once again. After a few months of rampant selloffs, many believe that we are once again on the way to positive forward momentum.

Fri
08
Nov

1 massive problem for the cannabis industry that needs to be addressed immediately

The cannabis industry has been growing significantly in recent years as legalization has progressed in many states, with 11 having passed legislation for recreational use and more states likely following suit. In addition, the farm bill was passed nearly a year ago which allowed cannabidiol (CBD) to be permitted federally so long as it was derived from hemp. While these are all good developments, they've taken place even though the country may not have been ready for them.

Fri
08
Nov

Why Indica, Sativa, and Hybrid classifications mean close to nothing

While poking around your local dispensary, it’s almost guaranteed that you will speak or hear the terms “indica,” “sativa,” or “hybrid,” at least once. These three terms remain, by far, the most common for describing the attributes and effects of cannabis flower — and even products like edibles and vapes lay claim to the categories. 

 For most of us, these labels are shorthand. Indicas are chill, sativas are energetic, and hybrids represent a balance between the two. But are these classifications accurate, and — perhaps more importantly — can they be used to authentically predict a person’s experience when consuming cannabis? 

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