Marijuana Business News

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stocks
business
Tue
05
Nov

Marijuana stocks to buy or avoid in November

Marijuana stocks have been through their own share of highs and lows so far this year. Despite being a fast growing industry, supply issues in Canada have affected legal marijuana purchases of late.

High tax rates in some of the U.S. states as well as increase in black-market producers, especially in North America, have hurt sales. As a result, marijuana companies have been seeing a drop in operating margins across the board and have significantly lost value.

Yet, as we focus on November, there are three marijuana stocks that look like solid bargains, while one in particular should be avoided in the near future. Let us take a look —

Tue
05
Nov

3 reasons “cannabis 2.0” is ridiculously overrated

This past October,

Tue
05
Nov

Legal cannabis might not kill illegal market

HEXO (HEXO), one of the important players in the cannabis space, has been in the news for a while now.

The company reported its fourth-quarter earnings on October 28. HEXO’s preliminary results were disappointing with lower revenues.

In the fourth-quarter earnings call, the company discussed how it thinks that legal cannabis won’t solve the problem with the illegal market in Canada.

Let’s discuss what HEXO’s management said.

Tue
05
Nov

New edible cannabis products could be here for Christmas

Hungry for cannabis

Cape Bretoners are hungry for cannabis.

Beverly Ware, spokesperson for the Nova Scotia Liquor Corporation, confirmed customers have been asking about edibles. 

Ware said under federal regulations the corporation cannot legally purchase edible and drinkable cannabis until Dec. 16. On Oct. 17, licensed producers submitted their products for consideration, a 60-day process. No decisions have been made on what products the NSLC may carry.

Ware said when they receive the new products will depend on their suppliers but there is the possibility some could come in prior to Christmas.

Tue
05
Nov

Aphria's newly-licensed facility to run at full capacity: Interim CEO

Aphria Inc. plans to bring its newly-licensed Diamond facility to full capacity in the coming weeks to meet demand for vaping and edible products, the company’s chairman and interim CEO said while shrugging off any concern about oversupplying the Canadian cannabis market.

The Leamington, Ont.-based company announced Monday it received a cultivation licence from Health Canada for a cannabis greenhouse facility that will add 1.3 million square feet of production space and 140,000 kilograms in annual capacity to its operations.

Tue
05
Nov

Vancouver city council to consider regulations on sale of vape products, ads

A motion being brought before Vancouver city council on Tuesday will look at regulations on the sale and advertisement of vaping and vape-related products.

Currently, the City of Vancouver does not impose restrictions on where vape retail shops can be located in the same way that it does with liquor stores or cannabis shops. There is also no license category for retailers selling vape products.

Tue
05
Nov

Edmonton city councillor calls for more cannabis laws ahead of edibles rollout

Edmonton city councillor Mike Nickel thinks towns across the country are neglecting regulations for cannabis cafes.

“Cannabis lounges are going to come,” he told Global News. “No other place in the country right now, I don’t think, has enabled in their bylaws the concept of a cannabis lounge, so we’re breaking new ground here.”

Council will debate Nickel’s motion in their upcoming meeting on Tuesday.

“If it’s a legitimate product, then we have to see it consumed responsibly,” he said.

“This is an opportunity to talk about how we can grow some business in town.”

Mon
04
Nov

Cannabis Canada: Pot industry added nearly $8B to GDP in August, StatsCan says

Cannabis sales in Canada expected to double next year to $3.16B: analyst 

Mon
04
Nov

The scariest statistic pot stock investors will ever see

At this time last year, marijuana stocks were practically unstoppable -- and for good reason. Just two weeks prior, on Oct. 17, 2018, Canada had officially become the first industrialized country to wave the green flag on recreational marijuana sales. Revenue and profit projections were lofty coming out of the gate, and with billions of dollars in annual sales being conducted in the black market, it only seemed logical that the legal market would scoop up this revenue with relative ease.

But absolutely nothing since Oct. 17, 2018 can be aptly described as "easy" for the Canadian cannabis industry.

Mon
04
Nov

Sky-high prices sending medical marijuana users to black market

Medical marijuana users and their advocates say steep price increases since legalization, coupled with obstacles to access, are forcing many patients to turn to the illegal market.  

According to a survey commissioned by the Arthritis Society, there are as many medical cannabis users getting their prescriptions from illegal sources as legal ones, while two-thirds say they're rationing their supply of the drug due to worries about both access and cost.

It's harder to get medical cannabis, which was legal first, than it is to get recreational marijuana.- Janet Yale, Arthritis Society

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