Medical Cannabis News

Synonyms: 
mmj
Mon
24
Dec

The 3 biggest marijuana questions in 2019

This has been a year of big gains for the marijuana industry, even if it's been quite the opposite for marijuana investors, who, in many instances, have seen their pot stocks fall by 25% or more this year. In particular, it's been a year of legitimacy for the cannabis industry. In October, Canada became the first industrialized country in the world, and only the second overall, to legalize recreational pot. Though it'll take a few years for growers to ramp up their production, this legalization validates the cannabis business model and paves the way for billions of dollars in added annual sales. We also witnessed a handful of U.S.

Fri
21
Dec

Expanding medical marijuana firm Cresco Labs buys dispensaries in Wrigleyville, Rockford

Medical marijuana company Cresco Labs signed a deal to acquire two dispensaries, one in the Lakeview neighborhood and another in Rockford, weeks after the Chicago-based company went public in Canada.

The dispensaries, MedMar Lakeview and MedMar Rockford, will be Cresco's fourth and fifth in the state, maxing out the number a company can own in Illinois. Terms of the deal were not disclosed.

"Not only do they become a part of Cresco Labs in Illinois, but they're also part of the fabric of the Cresco Labs company," said Charlie Bachtell, CEO and co-founder of Cresco. "We'll learn a lot from them, and they'll have a big influence on how we move forward, even with operations in other states."

Fri
21
Dec

Aphria completes second medical cannabis shipment to Australia-based partner Althea

Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE:APHA) announced that the Company has completed its second shipment of approximately 80 L (equivalent to approximately 20 kg of dried bud) of medical cannabis to its Australian-based partner Althea Company Pty Ltd.("Althea").

Thu
20
Dec

Is marijuana the answer to anxiety problems?

As more and more states legalize marijuana use, an increasing number of people are turning to it as a way to manage overwhelming anxiety. Marijuana is well-known to have a calming effect for many people, so it’s not surprising that it’s often used in this way.

However, there is scant research on the safety and effectiveness of cannabis for anxiety, as a recent review concluded. (Please note that I’ll be focusing on the psychoactive form of marijuana, not cannabidiol or CBD.)

Thu
20
Dec

Big Pharma picks up on medical marijuana

The Canadian marijuana company Tilray announced yesterday (December 18) that it has signed an agreement to partner with Novartis subsidiary Sandoz to sell medical marijuana in countries where it is legal, currently numbering 35. This is likely the first time a major pharmaceutical company has gotten into the medical marijuana business, STAT notes.

Wed
19
Dec

Medical marijuana market key players: Canopy Growth, Aurora Cannabis, Inc., Medical Marijuana, Inc., GW Pharmaceuticals, Aphria, Inc., CanniMed Ltd., Tilray, Emerald Health

Medical Marijuana Market size was valued over USD 7.0 billion in 2017 and is expected to witness more than 36.0% CAGR from 2018 to 2024.

Medical marijuana market to register an appreciable CAGR of 36% over 2018-2024, Germany to emerge as a vital regional contender.

Wed
19
Dec

London-area company becomes Canada's first to sell marijuana plants

Drawing on her background cultivating flowers, the founder of London-area licensed marijuana producer Eve & Co., has now made her company Canada’s first to begin supplying the grow-your-own cannabis market.

It was no easy feat.

Kelsey Jobson, who at the Strathroy-based company deals with provincial pot rules, handled the test shipping runs, using not cannabis plants but citronella.

Wed
19
Dec

The government of Canada is now officially warning Canadians to buy legal marijuana with cash to protect their personal information

The Privacy Commissioner of Canada released a "guidance document" today explaining why he feels it best that Canadians use cash when purchasing marijuana, even at legal and licensed dispensaries. The guideline also advises Canadians to provide as little personal information as possible when making purchases of marijuana.

Marijuana became legal in Canada this past October, and while most Canadians were more than pleased with the choice by the federal government, there have been a handful of hiccups.

Tue
18
Dec

How a NASA scientist could trigger the next cannabis boom

Marijuana 1.0 was all about the legalization drive, the dumping of billions of dollars of cash into the industry and mouthwatering mergers and consolidations-but it was a jockeying exercise in capacity expansion. Mentioned in today's commentary includes:  OrganiGram Holdings (OTCQX:OGRMF), Curaleaf Holdings (OTCPK:CURLF), Emerald Health Therapeutics (OTCQX:EMHTF), Auxly Cannabis Group Inc. (OTCQX:CBWTF), CannTrust Holdings Inc. (OTCMKTS:CNTTF)

Marijuana 2.0 could be just as big a deal-it's about the technological tweaks that will actually make this industry profitable. It involves Big Data, AI, automation and a host of other tech tweaks that will increase profitability and open up vast new markets in key verticals.

Tue
18
Dec

Trudeau promises relief to pot supply shortages

Canada’s Prime Minister says legal pot supply issues to be sorted out in months

In case you hadn’t heard, there’s a supply shortage of legal cannabis in Canada and the prime minister is on the case. While noting the dearth of legal weed in Canada “will take a little time to adjust,” Prime Minister Justin Trudeau blames the delays on municipal governments and others who have been more critical on pot legalization. Expect some relief in the coming months but Trudeau is quick to point out the industry is on the right track to get legal pot into Canadians’ hands as swiftly as possible.

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