Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Mon
25
Mar

3 great marijuana stocks you might be overlooking

Some marijuana stocks receive a lot of attention from investors. They tend to be the stocks of companies focusing on the Canadian marijuana market with ginormous market caps relative to their sales.

But there are some smaller stocks of companies that focus primarily on the U.S. market that also merit investors' attention. Three great marijuana stocks that you might be overlooking areĀ Innovative Industrial PropertiesĀ (NYSE:IIPR),Ā KushCo HoldingsĀ (NASDAQOTH:KSHB), andĀ Origin House(NASDAQOTH:ORHOF). Here's what makes these stocks stand out.

Fri
22
Mar

The 1 surprising result in Canada's latest national cannabis survey

Last year was aĀ breakthrough yearĀ for the legal cannabis industry. Having long been viewed as taboo, the passage of the Cannabis Act in June in our neighbor to the north, and the official legalization and sale of recreational marijuana in licensed dispensaries and online stores as of Oct. 17, 2018, in Canada, validated the industry as a legitimate business model.

Fri
22
Mar

Toronto cannabis retail stores struggle to open by April 1 deadline

With 10 days left until Ontarians will be allowed to purchase cannabis at one of 25 retail stores in the province, many of the license holders are struggling to get their shops ready to open on time.

The winners of the cannabis retail license lottery in Ontario have had just over two months to get their stores ready by the April 1 deadline.

Felicia Snyder works with Tokyo Smoke, a cannabis company that has licensed its brand to one of the five lottery winners in Toronto. Crews are working around the clock converting an old HMV building near Yonge Street and Dundas Avenue into a two-story cannabis store.

Fri
22
Mar

Manitoba chooses 7 rural communities for expansion of retail cannabis footprint

The Manitoba government is opening up the retail cannabis market inĀ seven rural communities.

The province will license non-medicinal cannabis stores in Flin Flon, Niverville, Swan River, Virden, Altona, Lac du Bonnet and the rural municipality of Russell Binscarth, CBC News has learned.

The retailers will be chosen randomly from a list of nearly 100 pre-qualified applicants who respondedĀ to theĀ province's second call for pot shop proposalsĀ last summer. The expansion aimsĀ to bring recreational cannabis sales to areas underserved by the initial distribution rollout, following the legalization of marijuana last October.

Fri
22
Mar

ā€˜Not a big money makerā€™: Province projects $5 million from cannabis sales this year

One aspect of the provincial budget is always the projected revenue from taxes and this year one of those is the tax from legal cannabis sales.

But the Saskatchewan Government and General Employees Union says the revenue projection seems low.

ā€œWe think the government has grossly missed the mark when it comes to the sale of marijuana in this province,ā€ President of SGEU Bob Bymoen told CTV News following the budgetā€™s release Wednesday.

The provincial budget shows roughly $5 million as the projected revenue this year from legal cannabis sales.

ā€œThe $5 million isnā€™t going to be enough to even offset the training and education, enforcement and dealing with the societal issues that stem from making marijuana legal,ā€ Bymoen said.

Fri
22
Mar

City awaiting marijuana taxation revenue sharing plan

Since legalized marijuana began to be sold throughout British Columbia last October, B.C. municipalities are still waiting to hear how much cannabis related taxation money they'll be able to use.Ā 

Having legal cannabis means some cities have seen extra costs related to the recreational addition, and are wondering if they'll have funds to pay for it.Ā 

The delay in determining a solid plan for revenue sharing between the provincial and local governments has been slow for a number of reasons.Ā 

The Ministry of the Attorney General admits significant funds from marijuana aren't expected right away, given the associated start-up costs with legalization, and only a few stores in operation.Ā 

Fri
22
Mar

Cannabis chemical CBD showing up in more consumer products

From skin-care lotions to bottled water, cannabis companies are rolling out a growing array of consumer products infused with a chemical found in marijuana called cannabidiol, or CBD.

The compound doesn't have the ingredient that gives marijuana users a high. Instead, CBD product makers say they promote general health and well-being.

The U.S. retail market for CBD is projected to swell from an estimated US$2 billion last year to US$16 billion by 2025, according to a report by equity analysts at Cowen.

A key factor in that forecast is the growing variety of CBD products that companies are bringing to market, such as drinks, capsules, gummies, topical lotions and tinctures, which are liquid extracts.

Fri
22
Mar

Financial institutions enticed to enter the developing cannabis market

The cannabis industry has grown at a tremendous pace in the recent years due to the continuing legalization efforts seen around the world. The rapid growth of the industry has now caught the attention of Wall Street's financial institutions as well, who have begun to cover the marketplace. Investment banks such asĀ Piper Jaffray, RBC Capitals, and Cowen have backed the industry by covering public companies that are dabbling with cannabis. For example, RBC Capitals analystĀ Nik ModiĀ believes that cannabis is the next up and coming global industry. Modi expects the legal U.S. cannabis market to grow at a projected CAGR of 17% and reach as much asĀ USD 47 BillionĀ within the next decade.

Fri
22
Mar

Consumers are replacing pharmaceuticals with medical marijuana

Overdoses due to prescription drugs is theĀ top leading cause of accidental deathsĀ in the U.S. Over the years, prescription drugs, especially opioids, have been used, overused and abused. Unfortunately, it has moved from a crisis to a full-blown nationwide epidemic.

Fri
22
Mar

4 Canadian marijuana stocks set to go higher on HMMJ ETF inclusion

The Horizons Marijuana Life Sciences Index (TSX:HMMJ) is an Exchange Traded Fund (ETF) designed to provide investors with diversified exposure to North American publicly-listed cannabis companies.

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