Marijuana Business News

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stocks
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Mon
09
Sep

3 pot stocks poised to win in Canada's Cannabis 2.0 market

Analysts are calling it "Cannabis 2.0." The term references the next wave of the Canadian adult-use recreational marijuana market. On Oct. 17, 2019, the country's legalization of cannabis derivatives, including beverages, edibles, and vapes, will go into effect. Canada's current "Cannabis 1.0" recreational market legalized only cannabis flower, oils, plants, and seeds.

Don't expect the Cannabis 2.0 market to take off immediately, though. Companies must file a notice with Health Canada 60 days in advance before beginning to market new cannabis products. This means that the first cannabis derivatives products will be available for sale in mid-December.

Fri
06
Sep

Pot stocks in September ahow great potential

The month of September has gotten off to a positive start for the pot stock market.

Fri
06
Sep

2 marijuana stocks to watch in Q3

The marijuana stock market has grown substantially in the past few years. In the past few months, however, we have seen some instability overall. This volatility is something that some investors look for as it gives two potential benefits. For one, it offers a chance to potentially buy a company at bare bottom prices. The other opportunity comes as it allows for greater potential gains.

Fri
06
Sep

Alberta continues to roll out cannabis stores amid retail boom

In the wake of Alberta gripping the top pot spot in Canadian cannabis sales, the province is continuing to roll out more legal cannabis stores, having surpassed 250 early last month.

Fri
06
Sep

Eight Edmonton businesses fined $48,000 for selling cannabis without a licence

Eight businesses in Edmonton have been fined $48,000 for selling cannabis products illegally in the city, police said Thursday.

“A legal market is a safer market, and the Edmonton Police Service will continue to crack down on the illegal market,” said Const. Dexx Williams in a news release.

Police received a tip that several businesses were selling cannabis products without the required municipal and provincial licences in early 2019. Approximately $1,500 in cannabis products that were being sold illegally from three separate businesses were seized on Aug. 21 after a joint operation by the city and the Edmonton police.

Fri
06
Sep

CannTrust lays off 20% of staff after pot regulatory problems

An Ontario cannabis producer is laying off about 180 people following repeated problems with both its product and how it has been produced.

“We have made the extremely difficult decision to restructure our workforce to reflect the current requirements of our business,” said Robert Marcovitch, interim head of CannTrust Holdings.

The layoffs amount to about 20 per cent of the company's workforce.

Last month, CannTrust disclosed the Ontario government's cannabis retailer said it would return almost $3 million worth of cannabis to the company after determining that some of the products didn't live up to the terms of its supply agreement.

Fri
06
Sep

Another Canadian Company sets up Portuguese growing operation

Portugal’s California-like weather has seen a third Canadian company look to establish a cannabis cultivation footprint in the country.

First it was Tilray, then it was Aurora and now The Flowr Corporation is set to grow cannabis in the country. Flowr has announced plans to acquire the remaining 80% stake in Portuguese firm Holigen which has established a huge cannabis operation in Aljustrel, about 100 miles south east of the capital Lisbon.

Thu
05
Sep

3 intriguing cannabis stocks that were clobbered in August

Legal marijuana projects as one of the fastest-growing industries in the world over the next decade. Regardless of which Wall Street forecast you favor, growth prospects suggest a healthy double-digit compound annual growth rate for the industry through 2030, and hopefully plenty of opportunity for investors to make some green while cannabis companies sell the green.

Thu
05
Sep

Building a financial plan for your cannabis business? What you need to know

All good business plans require a financial projection. Creating a financial projection is both an art and science. A financial projection will include projected sales, budgeted expenses, a balance sheet, cash flow, and sources and uses of funds. Also, a financial projection will help determine how much funding will be needed and the projected return on the investment (ROI).

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