Marijuana Business News

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Wed
28
Apr

Canadian Cannabis Earnings Season Is In Full Swing With Some Major Players On Deck To Report

As earnings season kicks into high gear, analysts are closely following the numbers that are reported by some of the best known cannabis companies. 

Expectations are high for cannabis companies and the market has responded negatively to high-profile operators that reported numbers which missed expectations.

Aphria, Inc. (APHA.TO) (APHA) was one of the first Canadian cannabis producers to release quarterly financial results. During the conference call, the management team highlighted the risk of price compression in Canada and this comment put additional pressure on Canadian cannabis producers. 

Wed
28
Apr

4 Canadian Cannabis Companies Poised to Profit from U.S. Legalization

As more and more states legalize marjiuana, federal legalization in the U.S. seems inevitable. Not only are more states passing legislation to permit recreational use, but a vast majority of Americans also support legalization. According to a recent survey, Pew Research found that 91% of people in the U.S. believe marijuana should be legal for either medical or recreational use, with 60% in favor of both. President Joe Biden is in favor of decriminalizing marijuana, while Senate Majority Leader Chuck Schumer is ready to push ahead with full legalization efforts even if Biden isn't completely on board just yet.

Tue
27
Apr

2 Marijuana Stocks To Watch The Last Week Of April

2 Marijuana Stocks To Watch Before Next Month

As marijuana stocks still battle to reach higher market levels some are still holding a decent market position. Many investors are worried about the uncertainty with the current downward trading cannabis stocks are facing. Now, this is not to say some many new and seasoned investors haven’t been loading their portfolios up with top marijuana stocks.

Tue
27
Apr

Uber May Deliver Marijuana Once It Becomes Federally Legal, Says CEO

Dara Khosrowshahi, CEO of Uber Technologies Inc. revealed Monday the company is open to including cannabis deliveries once the plant is legal on the federal level.

"When the road is clear for cannabis, when federal laws come into play, we're absolutely going to take a look at it," Khosrowshahi said during a CNBC’s TechCheck interview.

With 16 states and the District of Columbia having legal adult-use cannabis markets, enthusiasts think that federal legalization is imminent. The Big Apple was the latest state to "go green," with Governor Andrew Cuomo placing his signature on the legislation on March 31. At the moment, cannabis deliveries are allowed in California, Oregon, Nevada, and New York.

Tue
27
Apr

Tips: How to get started in the cannabis business

Cannabis businesses have transformed from clandestine ventures to glossy lifestyle brands in a matter of years, thanks to an evolving regulatory and business landscape.

The majority of states now have some form of legalized cannabis, whether for medical or recreational use. The 2021 U.S. cannabis market is valued at $33 billion , according to an analysis by market research firm Grand View Research. That number is forecast to balloon to $84 billion by 2028. These trends indicate a fertile environment for seeding a new cannabis venture.

Tue
27
Apr

4 Canadian Cannabis Companies Poised to Profit from U.S. Legalization

As more and more states legalize marjiuana, federal legalization in the U.S. seems inevitable. Not only are more states passing legislation to permit recreational use, but a vast majority of Americans also support legalization. According to a recent survey, Pew Research found that 91% of people in the U.S. believe marijuana should be legal for either medical or recreational use, with 60% in favor of both.

Tue
27
Apr

Canada’s Unsold Cannabis Inventory Levels Off At 1.1 Billion Grams

Canada’s unsold cannabis inventory remains close to an all-time high, but the glut may be showing signs of easing as production fell sharply in December.

The amount of unsold dried cannabis held in stock by cultivators, processors, wholesalers and retailers levelled off in December at 1.14 billion grams, down slightly from a month earlier, according to the Health Canada data.

Mon
26
Apr

What Is Sinsemilla And What Does It Mean In The Cannabis Industry?

It is neither a Sativa, Indica, or hybrid. The only aspect that counts when a plant is being termed a sinsemilla is that it must be feminized and unpollinated.

Times have truly changed. In the 1970s almost every cannabis farmer, as well as users, could explain something about sinsemilla.

Now, less than a quarter of cannabis consumers worldwide can give a direct answer to this question, most especially the current generation of users. They have most likely not heard the word before.

Most times, the few that have an answer say “sinsemilla is a strain of cannabis,” but they’re wrong.

Mon
26
Apr

4 Ways Cannabis Is Becoming A Greener Industry

It’s not easy being green, or is it? In honor of Earth Month, cannabis companies look closely at their environmental impact.

Mon
26
Apr

High Tide Expands Ontario Presence with New Toronto Store

High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (OTCQB: HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that the Canna Cabana retail store located at 2318 Keele Street West in Toronto, Ontario , has begun selling recreational cannabis products for adult use. This opening represents High Tide’s 85 th branded retail location across Canada , and 18 th in Ontario , selling recreational cannabis products and consumption accessories. Located within walking distance of Toronto’siconic Corsa Italia neighbourhood, the new store is poised to benefit from its location within a densely populated neighbourhood close to popular restaurants and shopping destinations.

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