Marijuana Business News

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Fri
30
Apr

This Is What Happens Next After The Tilray and Aphria MegaMerger Vote Today

Today is a big day for the cannabis industry as Tilray, Inc. (TLRY) shareholders are going to attend a special shareholder meeting to vote on previously announced mega-merger with Aphria, Inc. (APHA.TO) (APHA).

We expect Tilray shareholders to vote in favor of the merger and believe that the combined company will be the world’s largest cannabis company. Earlier this month, Tilray passed changes to make it easier for it to meet the requirements that are needed to reach quorum at the special meeting.

Thu
29
Apr

4 Ways to Avoid Making Dispensaries' Biggest Mistake

I don’t blame any small business owner for scrutinizing expenses and pushing away salespeople touting their latest and greatest product. I’ve been there. My keep-your-hands-off-my-tiny-pile-of-cash approach saved me time initially, but I also missed opportunities where I could have spent money to make money and run my business more effectively.

Thu
29
Apr

The COVID-19 Pandemic and the Growing Demand for Marijuana in the World

The pandemic has completely changed the way that most markets in the world work. Instead of being able to go out to the store and buy supplies, people are turning to alternative methods. Furthermore, people are finding new distractions during this time, including a growing number of people that are trying marijuana. Between legalization and increased stress, people love the opportunity to buy marijuana. We’ll show you how the demand for this product and others have increased. 

Marijuana Sales Records During the Pandemic

Thu
29
Apr

This Cannabis Company Just Took a Massive Step Toward the Mainstream

Buzzworthy news that can lead to more investing exposure is exciting for under-the-radar companies. On April 20 -- which just happens to be known as an unofficial marijuana holiday -- Auxly Cannabis Group (OTC:CBWTF) began trading on the Toronto Stock Exchange (TSX). But make no mistake, this is not a new company, and not a first listing.

Auxly has been around since 1987, and has traded on the TSX Venture Exchange (TSXV) since 2017 as Cannabis Wheaton Income Corp. It changed its name to Auxly in 2018, and has traded on the U.S. over-the-counter (OTC) market. Will its new listing on the TSX be the launch pad that propels an investment rocket?

Thu
29
Apr

Canadian Cannabis Sales Grow 74% in February to $263 Million

Statistics Canada released February retail sales for the country this morning, with cannabis sales growth decreasing sequentially. Sales of C$263 fell 5.9% from January (three fewer days), which had declined  6.0% from December levels, and rose 74.4% from a year ago. Note that the month was a day shorter than a year ago. This was the slowest year-over-year growth since adult-use sales commenced.

Thu
29
Apr

Canadian cannabis sales fall for second consecutive month, but still grow by 74 per cent year-over-year

For the second month in a row, national cannabis sales continued to decline after peaking in December 2020.

The latest figures from Statistics Canada show that sales remain up year-over-year, however, with Canadians purchasing just under $263 million worth of legal weed in February.

The sales represent a 74 per cent increase, year-over-year.

Wed
28
Apr

2 Marijuana Stocks That Are Set To See More Action In May

2 Marijuana Stocks Investors Are Watching Heading Into May

As marijuana stocks start to pick up in trading are investors taking profits? Marijuana stocks like MariMed Inc (MRMD Stock) and Planet 13 Holdings Inc (PLNHF stock) have started to pull up in the market. With this, some investors have taken small profits while others are holding their position. The reason for this is because some investors feel a bigger climb is due to happen sooner than later.

Wed
28
Apr

Cannabis retailers are shifting their focus from shelf-presence to brand identity.

To say the cannabis industry has experienced change over the past few years would be a serious understatement. Every element — from growth engineering and legalization to marketing and delivery — seems to be witnessing a revolution.

However, cannabis packaging is undergoing one of the most significant changes. As cannabis products receive more mainstream attention, retailers and packaging organizations are shifting their focus from mere shelf-presence to brand identity. 

Wed
28
Apr

Innovation in 2020 was Driven by Cannabis Consumers

To say 2020 was a wild ride would be an understatement.

Between a global pandemic, renewed calls for civil rights, and a dramatic election season, it was a true roller coaster of emotions.

One thing however remained clear: the cannabis community is one of resilience, inclusion, and humble passion for the plant. 

Cannabis & Tech Today has opted to declare the consumers Innovators of the Year, as they are the true driving force behind everything the industry does — and continues to strive for.

Here’s our love letter to the folks who inspire all of us to raise the bar every day and fight for safe access across the country until full legalization is finally a reality.

Wed
28
Apr

How to Stock up and save on Marijuana and Hemp Cultivation Supplies

Cannabis growers need to have an adequate supply of materials on hand once planting season rolls around. They can’t scramble at the last minute to find necessary fertilizer, growing materials or anything else. Not only will that slow their operation, but it also could lead to ill-advised purchases for too-high prices or buying something cultivators don’t really want.

“Grow inputs are like commodities, so commercial growers that shop early and buy in bulk will realize the greatest savings,” said Ryan Douglas, a Florida-based cannabis consultant and former master grower at Tweed, a major cannabis producer with headquarters in Ontario, Canada.

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