Marijuana Business News

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stocks
business
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
23
Jul

Weed's Big Tech Wish List

Jesse Bontecou, deputy director of industry group Oregon Retailers of Cannabis Association (ORCA), recalls how the group once tried to promote an event on Facebook.

It was in 2018 or early 2019, he recalls, and included the state’s top cannabis regulator giving a talk on cannabis policy. Facebook not only rejected the post, but also dinged the group with a warning, Bontecou said. ORCA is a trade association—“and yet we’ve had problems with Facebook,” he said. “It’s frustrating.”

He wonders at times if the association’s account will get suspended. “I’m even nervous talking to you about it,” he said.

Thu
23
Jul

Canadian Legal Cannabis Sales Show Significant Industry Spike In May

It was already an assumption that Canada was going to have a booming, country-wide cannabis market through their legal industry, but now the numbers prove that that assumption is a reality. Retail sales reached $185.9 million Canadian dollars this past May, according to Statistics Canada. 

Wed
22
Jul

What You Should Know Before Considering A Cannabis Business

Cannabis legalization is picking up steam throughout the United States. The industry is already booming, and it’s set to grow over the next decade, prompting investors and entrepreneurs everywhere to jump on the bandwagon to try to cash in.

There will certainly be some impressive entrepreneurial and investment opportunities in the near future, but before you make any big financial decisions (or take any big business risks), there are some things you should know.

Regulations Can Be Messy

Wed
22
Jul

How The Cannabis Industry is Pushing The Limits of Digital Payments

The gears of automated delivery management were in motion long before the arrival of Uber and other sharing services. Tech behemoths like Amazon had already shattered the glass ceiling on next-day delivery, but their buffet of consumer products was missing many of the smaller markets. 

Both a product of compliance and payment issues, large corporations like Amazon simply didn’t offer the delivery of products like marijuana. Only four years after Proposition 64 in California, the bespoke delivery market for cannabis products remains ripe for disruption, with the lack of a major player leaving a void. 

Wed
22
Jul

This interim solution to the Health Canada-rejected Trailer Park Buds packaging is actually quite on-brand

The company behind the embattled Trailer Park Buds brand, which was

Wed
22
Jul

Province to take $180M hit on ending pot delivery, pickup: Ontario Chamber of Commerce

Ontario stands to miss out on about $180 million in economic activity if the province's 100-odd privately-run cannabis stores aren't allowed to provide delivery or curbside pickup services, according to estimates from the Ontario Chamber of Commerce. 

However, that figure balloons to nearly $1 billion in losses if that includes the additional 450 stores which are ready to open, but whose licence applications are pending approval by provincial regulator, the business group said. 

"This is coming from a time when the economy is grappling with the impact of COVID-19 measures," Daniel Safayeni, co-chair of the Ontario Chamber of Commerce’s Ontario Cannabis Policy Council, told BNN Bloomberg in a phone interview.

Tue
21
Jul

Indigenous producer Nations Cannabis to supply 65 pot shops in BC

n emerging Indigenous cannabis producer says its products will soon be on the shelves of 65 British Columbia pot shops, making it the first partnership of its kind in the province.

Last week, Nations Cannabis said it signed a memorandum of understanding with the Association of Canadian Cannabis Retailers, which represents 26 B.C. weed retailers that operate 65 private stores throughout the province. The projected value of the agreement is $28 million in the first year, and $96 million by year three, according to the press statement.

Mon
20
Jul

Aurora to close some European offices, lay off staff in latest restructuring move

Aurora Cannabis Inc. is closing some of its European operations as the cannabis producer opts to consolidate its presence in the continent amid soft demand for medical pot, according to an internal memo obtained by BNN Bloomberg. 

Aurora told its employees last week that it will shut its offices in Portugal, Spain, and Italy while reducing its European workforces by one-quarter in select countries and its regional office, the memo said. The Edmonton-based company will shift its European headquarters from Germany to its Denmark office while acquiring the remaining 49 per cent of its Danish business that it doesn't already own, the company said. 

Mon
20
Jul

5 Cannabis Catalysts for the Remainder of 2020

As any marijuana stock investor can tell you, the past 15 months haven't been pretty for pot stocks. Since April 2019, the vast majority of cannabis stocks have lost 50% or more of their value as growing pains have taken shape. In Canada, supply issues have led to everything from shortages to bottlenecks. Meanwhile, high tax rates on legal product in the U.S. have ensured that black market demand remains robust.

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