Marijuana Business News

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Fri
30
Apr

3 Cannabis Security Strategies That Will Also Save You Money

Here are three strategies for cannabis companies to avoid drawn out regulatory investigations and to decrease the risk of facing regulatory penalties. Those penalties could include significant fines, license suspension or, in a worst-case scenario, license revocation.

1. Develop an expertise in your company’s security measures

Often, what causes a cannabis company trouble are the “unknown unknowns” of the business operation or, another way to put it, the “blind spots.” While it is easy to observe strategic errors in a competitor, a company generally has trouble seeing its own until it’s too late, which can be costly. To counter this, get another set of eyes on the operation with an objective viewpoint.

Reliable security experts can:

Fri
30
Apr

The cannabis industry's next war: How strong should its weed be?

The nation’s booming weed industry has a potency problem.

As more and more states legalize marijuana, companies are facing new pressure from lawmakers across the country — and Capitol Hill — to limit the strength of their products. It’s a level of scrutiny that comes with being allowed to operate in the open after decades in the shadows.

The steadily rising levels of THC — the component of marijuana that gets users high — is causing widespread concerns about the public health consequences. Even in pioneering states like Colorado and Washington, where recreational marijuana sales started in 2014, lawmakers are debating whether to put caps on THC potency.

Fri
30
Apr

The 4 Biggest Problems with CBD Products Right Now

If it weren’t for cannabidiol, more commonly known as CBD, the marijuana industry would be on the streets begging for nickels rather than enjoying the fruits of a business sector that is predicted to be worth $22 billion within the next few years.

It seems that America has fully embraced the concept of this non-intoxicating cannabinoid in hopes that it will do everything its proponents say it will, from alleviating pain, anxiety and perhaps even depression. But due to the company this marketplace keeps — not to mention its lack of federal oversight — a lot of consumers are snatching up CBD products that may not be all they’re cracked up to be. These are just a few of the most common problems with all that CBD the nation has become so smitten with.

Fri
30
Apr

This Is What Happens Next After The Tilray and Aphria MegaMerger Vote Today

Today is a big day for the cannabis industry as Tilray, Inc. (TLRY) shareholders are going to attend a special shareholder meeting to vote on previously announced mega-merger with Aphria, Inc. (APHA.TO) (APHA).

We expect Tilray shareholders to vote in favor of the merger and believe that the combined company will be the world’s largest cannabis company. Earlier this month, Tilray passed changes to make it easier for it to meet the requirements that are needed to reach quorum at the special meeting.

Thu
29
Apr

4 Ways to Avoid Making Dispensaries' Biggest Mistake

I don’t blame any small business owner for scrutinizing expenses and pushing away salespeople touting their latest and greatest product. I’ve been there. My keep-your-hands-off-my-tiny-pile-of-cash approach saved me time initially, but I also missed opportunities where I could have spent money to make money and run my business more effectively.

Thu
29
Apr

The COVID-19 Pandemic and the Growing Demand for Marijuana in the World

The pandemic has completely changed the way that most markets in the world work. Instead of being able to go out to the store and buy supplies, people are turning to alternative methods. Furthermore, people are finding new distractions during this time, including a growing number of people that are trying marijuana. Between legalization and increased stress, people love the opportunity to buy marijuana. We’ll show you how the demand for this product and others have increased. 

Marijuana Sales Records During the Pandemic

Thu
29
Apr

This Cannabis Company Just Took a Massive Step Toward the Mainstream

Buzzworthy news that can lead to more investing exposure is exciting for under-the-radar companies. On April 20 -- which just happens to be known as an unofficial marijuana holiday -- Auxly Cannabis Group (OTC:CBWTF) began trading on the Toronto Stock Exchange (TSX). But make no mistake, this is not a new company, and not a first listing.

Auxly has been around since 1987, and has traded on the TSX Venture Exchange (TSXV) since 2017 as Cannabis Wheaton Income Corp. It changed its name to Auxly in 2018, and has traded on the U.S. over-the-counter (OTC) market. Will its new listing on the TSX be the launch pad that propels an investment rocket?

Thu
29
Apr

Canadian Cannabis Sales Grow 74% in February to $263 Million

Statistics Canada released February retail sales for the country this morning, with cannabis sales growth decreasing sequentially. Sales of C$263 fell 5.9% from January (three fewer days), which had declined  6.0% from December levels, and rose 74.4% from a year ago. Note that the month was a day shorter than a year ago. This was the slowest year-over-year growth since adult-use sales commenced.

Thu
29
Apr

Canadian cannabis sales fall for second consecutive month, but still grow by 74 per cent year-over-year

For the second month in a row, national cannabis sales continued to decline after peaking in December 2020.

The latest figures from Statistics Canada show that sales remain up year-over-year, however, with Canadians purchasing just under $263 million worth of legal weed in February.

The sales represent a 74 per cent increase, year-over-year.

Wed
28
Apr

2 Marijuana Stocks That Are Set To See More Action In May

2 Marijuana Stocks Investors Are Watching Heading Into May

As marijuana stocks start to pick up in trading are investors taking profits? Marijuana stocks like MariMed Inc (MRMD Stock) and Planet 13 Holdings Inc (PLNHF stock) have started to pull up in the market. With this, some investors have taken small profits while others are holding their position. The reason for this is because some investors feel a bigger climb is due to happen sooner than later.

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