Marijuana Business News

Synonyms: 
stocks
business
Tue
16
Jul

These 2 “what ifs” could kill your cannabis stocks

The healthcare section of the TSX was dragged down by a single stock last week in a shocking development that threatened to undermine the fledgling cannabis industry.

But what if things got worse for marijuana investors?

Let’s take a look at two plausible scenarios that could further impact the “green gold rush” and wipe value from some of weed aficionados’ favourite tickers.

Tue
16
Jul

1 top cannabis stock you can buy and hold for the next decade

The cannabis industry is expanding at a torrid clip. Investment bank Cowen expects global cannabis sales to grow to $75 billion by 2030, while Bank of America analysts believe the marijuana market could one day generate $166 billion in annual sales.

One marijuana company, Aurora Cannabis (NYSE:ACB), is particularly well positioned to capture a substantial portion of the industry's profits in the coming decade. Read on to learn more about it.

Tue
16
Jul

2 top pot stocks under $5 to buy today

There are rising fears that the hype surrounding cannabis stocks has abruptly ended and the bubble is about to burst. While a reckoning is looming for an industry in which many companies sport nosebleed valuations, it is undeniable that legal marijuana is here to stay.

The latest cannabis stock sell-off has created several bargain basement investments with the potential to soar and deliver outsized returns. Here are two marijuana stocks trading at less than $5 at writing that should be on every cannabis investors radar.

Tue
16
Jul

10 pure-play pot stocks forecast to make money in 2019

The marijuana industry presents an interesting dilemma for investors.

On one hand, cannabis is expected to be among the fastest growing industries in the world over the next decade, which is a big reason behind the huge rally in marijuana stocks over the past three-plus years. Depending on your preferred source, legal weed sales could tally anywhere from $50 billion to $200 billion in about a decade's time.

Mon
15
Jul

The week in cannabis: Jay-Z joins Caliva, congress holds marijuana hearings, CannTrust gets smoked, and more

Beyoncé’s husband Jay-Z entered the cannabis industry this week, announcing he’d be joining the California brand Caliva as chief brand strategist.

Mon
15
Jul

CannTrust suspends all pot production, down 46% on the week

The biggest loser in the cannabis markets continues to be CannTrust Holdings (TSE: TRST). After Health Canada seized much of the company’s marijuana for illegally producing cannabis without having a required permit, CannTrust has been in a steady freefall over the past week, with every day the stock tumbling drastically.

Friday was no exception, as shares of the once well-respected company have fallen by almost 20 percent as the company continues to shut down its marijuana production.

The company said on Friday that it had halted all cannabis sales and shipments while Health Canada reviews it’s processing plants. Specifically, their plant in Vaughan, Ontario is suspended as regulators evaluate whether CannTrust had produced even more cannabis outside of the law.nTru

Mon
15
Jul

U.S. CBD sales to grow an average of 107% annually through 2023

It's no secret by now that the marijuana industry is a big-money business. Having grown from $3.4 billion in legal global sales in 2014 to hit nearly $11 billion worldwide in 2018, it demonstrates just how quickly "going green" is catching on with consumers and investors.

However, there's a potentially larger growth trend contained within the cannabis movement that investors simply have to know about: Cannabidiol (CBD).

Mon
15
Jul

Better marijuana stock: Canopy Growth vs. Constellation Brands

Constellation Brands (NYSE: STZ) first rocked Canopy Growth 's (NYSE: CGC) world in 2017 by buying a 9.9% stake in the Canadian cannabis producer.

A year later, Constellation made an even bigger impact with a $4 billion investment in Canopy. The big alcoholic beverage maker now has enough sway over Canopy Growth that it was able to boot founder and former CEO Bruce Linton out the door earlier this month.

Mon
15
Jul

Buying the dope dip: Which cannabis stock is worth it?

It’s been an exciting two years for investors who’d picked up pot before it got hot.

For those who got in on the ground floor, you’re likely even now sitting back and feeling pretty proud of yourself for buying up a few big names before they soared. With prices reaching fever pitch back in the summer of 2018 and again in the fall, the perfect time to sell showed itself, but many investors were wary.

Mon
15
Jul

Should investors sell this cannabis stock after a Health Canada setback?

It’s been a rough week for Canadian cannabis producer CannTrust Holdings (TSX:TRST)(NYSE:CTST) and, of course, for its shareholders.

The Ontario-based company is the latest cannabis producer to join the list of pot companies involved in scandal. In CannTrust’s case, the company admitted before opening bell on July 8 that its Niagara greenhouse was found to be non-compliant by Health Canada. Not only that, but the company was also growing and selling cannabis out of five rooms that were unlicensed at the time but have since been fully licensed as of April.

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