Marijuana Business News

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stocks
business
Thu
08
Apr

7 Key Takeaways From Canopy Growth’s Acquisition Of The Supreme Cannabis Company

Earlier today, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) surprised the market and announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis.

We believe that Canopy Growth made the acquisition to better positioned itself to compete against the previously announced business combination of Aphria Inc. (APHA.TO) (APHA) and Tilray Inc. (TLRY). Today, we have highlighted 7 key details of Canopy Growth’s acquisition and believe that our readers need to be aware of the following:

Thu
08
Apr

Newfoundland looks to add more cannabis retail stores, improve delivery times for online ordering

Over the past year, cannabis purchasing habits in Newfoundland and Labrador have mirrored growth in the entire country, which saw sales peak last December before falling in the first month of 2021.

But sales in Newfoundland and Labrador have increased despite long delivery times and a strike that affected more than half the province’s 30 cannabis retailers, reports CBC.

Wed
07
Apr

3 Best Marijuana Stocks to Buy in 2021

At an annual growth rate of 20% per year, the marijuana industry has become one of the nation's fastest-emerging industries. Meanwhile, cannabis stocks have been giving back some mouthwatering gains to investors. 

Wed
07
Apr

Only Time Will Tell Us Who Has Made The Better Move In The Cannabis Sector……Big Alcohol or Big Tobacco

Big tobacco has been behind the curve with the legal cannabis industry thus far and seems to be following the footprint of big alcohol. Companies such Constellation Brands, Inc. (STZ) and Molson Coors Beverage Company (TAP) have executed major agreements with Canadian LP’s that are starting to look like brilliant moves. 

Big tobacco’s recent foray into the Canadian cannabis industry shows that a change of tides is occurring at some of the highest levels of big business. 

Tue
06
Apr

CBD, cannabis and hemp: What is the difference among these products?

Massachusetts is one of 15 states to legalize cannabis for recreational use.

While 67% of U.S. adults support marijuana legalization, public knowledge about cannabis is low. A third of Americans think hemp and marijuana are the same thing, according to the National Institutes of Health, and many people still search Google to find out whether cannabidiol – a cannabis derivative known as CBD – will get them high, as marijuana does.

Hemp, cannabis and CBD are all related, but they differ in significant ways. Here’s what you need to know about their legality, effects and potential health benefits

Tue
06
Apr

Meet the Next Big Disruptor to the Cannabis Industry

It’s no secret the cannabis industry has enjoyed unprecedented growth these past few years — from a market perspective and a political one.

Consider the political and policy changes we’ve seen in recent months. The House of Representatives recently passed historic legalization legislation (the Marijuana Opportunity, Reinvestment and Expungement Act).

Thirty-six states now have programs for recreational use, medical use or both. With these changes and a new, cannabis-friendly administration, we’re on track to see federal legalization within the next few years and continued leaps forward in this industry.

Tue
06
Apr

Does Organic Certification Make a Difference in CBD?

In order to firmly establish itself as a leading farm-to-shelf producer of hemp and CBD products, Green Gorilla has completed the arduous process of having its 1,474-acre farm in Arizona certified Organic under the U.S. Department of Agriculture’s National Organic Program (NOP).

“It kind of puts us in a league of our own because there’s a lot of people who say they’re ‘organic’ but they’re not certified Organic,” CEO and co-founder Steven Saxton says.

Tue
06
Apr

Cannabis Tourism Takes A Covid Beating

Cannabis tourism is a part of the ever-growing cannabis industry. Many cannabis consumers are looking for ways to enjoy their buds while traveling across the country or internationally. Cannabis tourism allows for travelers to get accommodated in a way that meets their needs, as well as the opportunity to enjoy their marijuana in different, fun ways.

Despite the great benefits of cannabis tourism, many cannabis companies have hit their sales due to low tourism in their respective cities.

Continue reading to learn more about cannabis tourism and how the pandemic has affected cannabis tourism in cities like Las Vegas and Denver.

What is cannabis tourism?

Mon
05
Apr

Is The Cannabis Industry Racist?

It’s up to entrepreneurs, activists, and various public entities to create campaigns making their local cannabis industries less exclusive and much more inclusive.

The statistics on disproportionate arrests against Black people when it comes to marijuana-related crimes are nothing short of shocking. Systemic racism plagues the industry, and cannabis crimes are just one part of it.

Mon
05
Apr

Cannabis Crowdgrowing Could Revolutionize the Industry

Thanks to global cannabis reform victories, the legal industry is spreading to virtually every corner of the planet through new concepts like crowdgrowing. Cannabis may still be prohibited in various countries, however, momentum for reform is greater than ever and the future of the cannabis industry is extremely bright.

No other industry is as exciting as cannabis right now, and with legalization still in its infancy by most measures, the potential for profit is astronomical.

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