Marijuana Business News

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business
Thu
15
Apr

Cannabis Sales Expected To Hit $370M In Days Leading Up To 420

According to a new report, sales will be higher among males than females, while customers between the age of 30 to 40-years-old will be the most interested in purchasing cannabis products.

Cannabis software firm Akerna Corp (NASDAQ:KERN) expects national cannabis retail sales to reach $95 million on 4/20, the unofficial marijuana holiday. That’s according to a new Flash Report out of the Denver-based company.

Thu
15
Apr

Canada Cannabis Sales Doubled In 2020, Hitting $2.6 Billion: Here’s What’s Next

Last year brought triple-digit growth to Canada’s legal cannabis market. According to the Brightfield Group’s latest “Canadian Cannabis Market” report, this was largely driven by:

 

 

  • Increased brick-and-mortar retail access – especially in Ontario, British Columbia and Quebec;
  • An expansion in e-commerce and click-and-collect offerings;
  • Pricing that was more competitive with the illicit market;
  • Retailers adapting to a pandemic context, helping prompt vast growth despite an unprecedented backdrop of lockdowns and store closures.

 

Thu
15
Apr

Aphria Inc. Shareholders Overwhelmingly Approve Proposed Arrangement With Tilray, Inc.

Aphria Inc. (” Aphria “) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company, today announced that its holders (the ” Aphria Shareholders “) of Aphria’s common shares (the ” Aphria Shares “) at the special meeting of Aphria Shareholders (the ” Meeting “) approved the previously announced arrangement (the ” Arrangement “) under the Business Corporations Act ( Ontario ), pursuant to which, among other things, Tilray, Inc. (” Tilray “) and following the Arrangement, the ” Combined Company “) will acquire all of the issued and outstanding  Aphria Shares.

Wed
14
Apr

Uber would add home delivery of marijuana as part of its business

More and more cities and countries are leaning towards the decriminalization and legalization of cannabis , which opens up many business possibilities. Uber does not plan to be left behind and is already considering adding home delivery of marijuana to its portfolio of services.

Dara Khosrowshahi , CEO of Uber , said the company could deliver cannabis through its private transportation network. This as soon as the federal regulation in the United States is approved and depending on how the legislation is.

Wed
14
Apr

Why is temperature control important to the cannabis industry?

Why is temperature control important to the cannabis industry?

When it comes to extraction, the name of the game is purity.

For the ultimate in cannabis product, short-path distillation is what the extraction industry turns to for the best possible results.

Distillation, chromatography, and re-distilling the product for purification can remove a lot of inactive compounds that serve no therapeutic purpose. 

It takes sophisticated, highly-calibrated components to allow companies to reach the level of purity that short-path distillation can obtain.

Wed
14
Apr

Toronto cannabis company on their secret ingredient to retail success: concierge service

Remember when you were first learning to drive? You spent hours listening to a teacher explain everything about road safety and how cars work, but it wasn’t until you actually got behind the wheel that you really began to understand how to be a safe driver. That kind of education, often called “experiential learning,” is how most people pick up new skills and information and incorporate them into their daily lives. Similarly, you never took a class on how to use your smartphone: you learned from watching other people, asking friends for their advice, and through trial and error

Tue
13
Apr

3 Best Marijuana Stocks to Buy in April

This month just might be the best time in a long time to buy cannabis stocks. Why? Much of the initial excitement about the increased prospects of significant U.S. cannabis reform has waned. With the Biden administration focused on other priorities, some investors could even be despairing that anything will be done.

However, changes that would benefit the cannabis industry are still likely on the way. Other factors are already at work that should also provide momentum. But not all pot stocks are in as good of a position to win as others. Here are my picks for the three best marijuana stocks to buy in April.

Tue
13
Apr

Five Things Every Cannabis Business Needs Before They Open

When it comes to small business opportunities these days, few phrases give people the old dollar-sign-eyes more than “legal cannabis”.

From states like Michigan where it’s been approved for both medicinal and adult use, to places like South Carolina where legalization has been a popular topic for ballots and voters, cannabis is slowly turning into one of America’s biggest businesses.

You don’t need us to tell you that – Investopedia reports that (as of Nov. 2020) over 340,000 American jobs were devoted to the handling of plants at various stages along the retail cycle, and the industry was estimated at over $13 billion as of 2019.

Tue
13
Apr

We Can Do A Better Job Reducing the Cannabis Industry's Carbon Footprint

The term “carbon footprint” has been used alongside phrases such as global warming, climate change, melting ice caps, rising sea levels and endangered species for some time now. What would be surprising to many people is to hear the term associated with a remedy as natural as the cannabis plant. However, with legalization rapidly spreading across the globe, the demand for cannabis products has only continued to grow. And while billions of dollars in cannabis sales add to the economy, growing cannabis can come with the heavy price of exponentially increasing our carbon footprint.

Tue
13
Apr

COVID-related lockdowns weigh on Aphria's Q3 sales ahead of Tilray merger

Aphria Inc. reported third-quarter revenue Monday that missed analyst expectations as pandemic-related lockdowns, particularly in Ontario, weighed on cannabis sales during the period.

The Leamington, Ont.-based cannabis producer said it generated $153.6 million in revenue in its three-month period ending Feb. 23, an increase of 6.4 per cent from the prior year. Revenue from the company's cannabis operations fell 7.8 per cent to $51.7 million, while sales in its SweetWater beverage division was $14.8 million in the first full quarter since the business was acquired in November.

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