Marijuana Business News

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stocks
business
Tue
08
Jan

Tapping into the true potential of Cronos Group (TSX:CRON)

2018 was a banner year for marijuana stocks across North America. Over the past 12 months, the Canadian Marijuana Index (managed by MJIC) is up 10%, while the S&P/TSX Composite Index is down 11.5%. Star performers were driven mostly by the wave of marijuana legalization across North America. This year, that wave could spread further across the world.

However, the exuberance of last year must be reconciled with reality sooner or later. The combined market value of all the marijuana companies listed on the market today is $48.7 billion. That’s one-fourth the estimated global market size of recreational and medical marijuana in 2030.

Tue
08
Jan

Here's why this small marijuana stock is soaring today

What happened

Shares of Neptune Wellness Solutions (NASDAQ:NEPT)rose nearly 19% today after the company announced that it had received a license from Health Canada to begin processing cannabis. (The Motley Fool contributor George Budwell announced the news before the company did.) The license allows the company "to handle dried cannabis, to manufacture and purify cannabis extracts and cannabis oil, and to sell its services to other license holders." 

Tue
08
Jan

4 marijuana stocks looking to raise the bar

The end of the year was a large turning for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. In turn, the trends towards accepting cannabis, and its countless uses, has allowed for companies in the space to attract investor attention. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space.

Mon
07
Jan

WeedMD issues Ontario greenhouse expansion update

Expansion of existing cannabis grow facilities and construction projects for brand-new greenhouses continue at a breakneck pace in Canada following the legalization of recreational marijuana.

Mon
07
Jan

Junior Canadian Cannabis scintillating to start 2019—But can it last?

Junior Canadian cannabis stocks are red hot to start 2019—but can it last? While it’s obviously too early to draw conclusions, the dichotomy between the beginning of this year and last is quite pronounced.

Backtracking to begin 2018, almost everything went up in unitary fashion. Tier-1, mid-major, junior and micro-caps all rode the M&A wave sweeping the sector via Aurora Cannabis’hostile takeover bid of CanniMed Therapeutics. Newstrike Brands—the junior immersed in it all—rocketed up ↑526.78% in six sessions from January 2-9, 2018. The blow-off top the would soon follow would become the second iteration of the Canadian cannabis bubble.

Mon
07
Jan

5 U.S.-focused pot stocks that could make you rich

The marijuana industry recently put the finishing touches on what was its most defining year ever. In 2018, Canada became the first industrialized country in the world, and only the second country overall behind Uruguay, to legalize recreational cannabis. In doing so, Canada opened the door to billions of dollars in added annual sales and, more importantly, declared the legal pot industry a legitimate business model.

Mon
07
Jan

My favourite pot stock for 2019 with 300% upside

The marijuana industry had a deluge of good news at the end of 2018. The U.S. Congress passed a farm bill legalizing CBD, a form of cannabis; marijuana was made legal for medical use and research in Thailand, a region known for its strict drug laws; and New York Governor Andrew Cuomo released a plan to legalize recreational marijuana in 2019.

With sudden changes in regulatory conditions, most pot stocks have experienced plenty of volatility throughout the year. Hexo Corp(TSX:HEXO) is no exception. While the stock has tripled since debuting in 2017, there have been plenty of 50% swings along the way.

Mon
07
Jan

Better marijuana stock buy: Aphria vs. Canopy Growth

The cannabis industry took off with explosive gains in 2018, and even a late-year slump wasn't enough to dampen enthusiasm in marijuana stocks. Among the relatively few stocks that trade directly on major stock exchanges in the U.S., Aphria (NYSE:APHA) and Canopy Growth (NYSE:CGC) have emerged as potentially large players in the cannabis space.

Mon
07
Jan

My top marijuana stock for 2019

It has been a wild ride for marijuana investors. The industry is still in its infancy, and as such, investors can expect continued volatility. Now well off their 52-week highs, it may be time to look at re-investing in the sector.

It’s important to note, however, that most are still not yet profitable. Likewise, despite the recent downtrend, many are still trading at sky-high valuations. When looking at what pot stocks to invest in, there are a few criteria investors should take into account.

Mon
07
Jan

3 critical things to watch with marijuana stocks in 2019

It's time to turn over a new leaf. And for marijuana stocks, 2019 should bring several new leaves to turn over.

The big stories last year for marijuana stocks included recreational marijuana markets opening for business in California and Canada. But what will the important developments impacting marijuana stocks be in the new year? Here are three critical things to watch with marijuana stocks in 2019 -- and the stocks that should be most likely to benefit.

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