Marijuana Business News

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stocks
business
Fri
15
Mar

3 pot stocks Wall Street thinks you should sell

Though it may be hard to believe now, the marijuana industry was considered taboo just a short time ago. As recently as 2005, only a third of respondents in Gallup's cannabis survey favored legalizing pot, and just a handful of U.S. states had legalized the use of medical marijuana. Further, no country in the world had even thought about legalizing adult-use pot.

Fri
15
Mar

Co-op aims to help small BC cannabis producers go legit

A man who helped develop Canada’s cannabis policies 20 years ago is coming to the Kootenays next week to talk about how to save small pot producers from extinction.

David Hurford is visiting Nakusp and Nelson to talk about setting up a co-op that could help make more small cannabis operations legal.

“I don’t think we can understate the crisis a lot of people are going through,” says Hurford. “There are people in dire straights out there. People being forced to make very difficult choices, and the government has not created a pathway for them to become legal.”

Fri
15
Mar

Does Hexo Corp (TSX:HEXO) still have 300% upside this year?

In January, I named Hexo (TSX:HEXO) my favourite pot stock for 2019. My conclusion was that shares potentially had 300% upside. Since that call, Hexo stock has popped by around 25%. Compared to my previous predictions, that leaves plenty of upside left for investors. “The road will continue to be bumpy,” I wrote a few months ago, “but there are plenty of exciting reasons for Hexo to be my top pot stock for the year ahead.” Is Hexo still your best bet among an increasingly crowded cannabis industry?

Catch up on this news

Several notable events have happened since my last article.

Fri
15
Mar

Why Canopy Growth Corp (TSX:WEED) is still the top pot stock

The cannabis industry is currently flying high. Last year, Canada legalized the recreational use of marijuana, and the U.S. legalized hemp, a cousin of marijuana but with negligible amounts of the main psychoactive chemical contained in marijuana. It is now rumored that Mexico will be the next country to legalize marijuana, and no doubt more will follow.

Few companies have benefited from these milestones more than Canopy Growth Corp (TSX:WEED)(NYSE:CGC). Production capacity and sales have skyrocketed over the past few years for the Ontario-based cannabis firm. Canopy’s stock price hit its 52 weeks high — and, for that matter, its all-time high — in October of last year.

Fri
15
Mar

4 Canadian cannabis stocks with an early retail advantage

With 25 retail locations opening throughout Ontario on April 1, 2019, several cannabis retailers are set to see tremendous growth in the near future.

While the competition in Ontario remains tough, Alberta has no laws setting a limit to the number of retail stores.

Moreover, the cannabis retail industry is evolving as consumers prefer purchasing products instore rather than online.

The four Canadian cannabis stocks we’ve chosen today are some companies that have an early retail advantage.

Fri
15
Mar

Legal cannabis market value with status and outlook 2019 to 2025

Global Legal Cannabis Market Insights, Forecast To 2025

The report discusses many vital industry facets that influence global Legal Cannabis industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

Avail a sample 129 pages copy before purchase:

Fri
15
Mar

3 marijuana stocks aiming to cash in on the premium flower market

You could rightly say that the marijuana industry is growing like a weed. With the industry having generated less than $10 billion in global sales in 2017, the team of Arcview Market Research and BDS Analytics now expects global sales to more than triple to $31.3 billion by 2022. Certain investment banks on Wall Street are looking for even more aggressive long-term growth, with global sales expected to hit $75 billion by 2030, according to Cowen Group.

Thu
14
Mar

Quebec cannabis giant HEXO acquires Newstrike Brands in $260-million deal

Quebec cannabis giant HEXO Corp. is acquiring Newstrike Brands Ltd. — the Oakville-based mid-sized cannabis company backed by The Tragically Hip — in an all-stock deal worth $260 million, both companies announced early Wednesday morning.

The deal is the biggest yet to take place between two sizeable Canadian cannabis companies post-legalization in a crowded industry where the top two players — Aurora Cannabis Inc. and Canopy Growth Corp. — control just under 50 per cent of domestic recreational cannabis sales.

Newstrike shareholders will receive 0.06332 of a HEXO common share in exchange for each Newstrike common share held, according to a press release put out by both companies.

Thu
14
Mar

Insurance brokers weigh in on cannabis micro-cultivator boom

Since Canada legalized recreational-use cannabis on October 17, several provinces have complained of supply shortages and have taken mitigatory measures. Ontario, for example, recently blamed “severe supply shortages” for its curtailing of cannabis retail expansion, and Alberta decided in November to temporarily suspend accepting new applications for retailers, citing a “national shortage.”

The claims made by the provinces have been hotly contested by Canada’s federal government. Bill Blair, Canada’s minister in charge of marijuana, posted on Twitter: “The data is clear: There remains sufficient supply to meet and exceed existing demand,” adding that the provinces still have work to do ironing out their wholesale and retail systems.

Thu
14
Mar

Infrastructure companies going all-in on booming cannabis market

Shopify Inc. is just one of several infrastructure and support companies to go all-in on the boom in the legal cannabis market. Shopify doubled its bet on cannabis, with the province of British Columbia announcement that the e-commerce company will run the province’s legal online marijuana sales channel and sales from a provincially run warehouse to private retailers.

Expanding companies on the supply side management of cannabis with significant interest in this development include FedEx Corporation (NYSE: FDX), SAP SE (NYSE: SAP) and Shopify Inc., (NYSE: SHOP). These significant well providers are positioned to participate in the booming business of infrastructure support for cannabis.

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