United States

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USA
the states
the US
Fri
18
May

CEO of Canopy Growth says cannabis legalization will result in fewer opioid prescriptions

Bruce Linton, founder and CEO of Canada’s largest marijuana company, Canopy Growth Corporation, said that legalizing cannabis at the federal level in the US could result in fewer opioid and other addictive prescriptions.

The interview with CNBC’s Mad Money host, Jim Cramer, took place Thursday following Canopy Growth recently applying to become the first cannabis producer to be listed on the New York Stock Exchange.

Linton explained that Canopy Growth has both a medical and recreational division and that on the recreational side; he expects that the company’s partnership with Constellation Brands will result in a new class of low-calorie beverages. He said that the possibilities within the medical division are still emerging.

Fri
18
May

Alcohol broker Southern Glazer's partners with Aphria to sell weed

Bacardi broker to launch new cannabis distribution company to represent Aphria products to retailers and regulators across the country.

The Canadian arm of alcohol distributor Southern Glazer’s Wine & Spirits LLC is entering the cannabis market by launching a marijuana-focused broker and partnering with licensed producer Aphria Inc.

The new company, Great North Distributors Inc., will represent Aphria products to retailers and regulators across the country, essentially acting as Aphria’s on-the-spot salesforce, the company said on Thursday.

“We’re going to be able to take a lot of the experience we have from the beverage alcohol market and translate it to the cannabis market,” said Doug Wieland, general manager of Southern Glazer’s Canadian division.

Thu
17
May

Legal cannabis can’t beat street dealers without concentrates, senate hears

The Cannabis Act’s ban of certain cannabis products will leave a consumer void and allow the black market to thrive, the CEO of a Canadian cannabis company told a Canadian Senate hearing during testimony last week.

Josh Campbell is the head of dosist, a company that has released a disposable, dose-controlled cannabis pen that is selling like hotcakes in California. But in Canada, concentrates and edibles won’t be available for at least a year, and it’s not known not when a product like Campbell’s will be allowed.

Leafly spoke to Campbell after his testimony in front of the Senate’s Standing Committee von Social Affairs, Science, and Technology.

Thu
17
May

Canadian cannabis oil exports quadrupled in 2017

This niche product is probably more important than you realize to marijuana stocks.

Few industries have investors seeing green quite like legal marijuana. According to cannabis research firm ArcView, in partnership with BDS Analytics, the North American legal weed market grew by 33% in 2017 to $9.7 billion. A decade from now, we could be looking at more than $47 billion in annual North American sales.

Wed
16
May

Legalizing marijuana a much tougher sell in the US than Canada, this observer says

Thomas George of investment forum Grizzle says that when it comes to the “green rush” of success that the marijuana industry is expecting in Canada, interested parties should be a little more circumspect about getting the same reception south of the border. In fact, the U.S. is far more divided over legalizing cannabis than we are in Canada, says George.

Tue
15
May

Canada inches closer to legalization without addressing pot-related arrests

A new petition is demanding the government includes criminal justice reform in its legalization plans.

As Canada gets closer to legalizing recreational marijuana, drug policy advocates are fighting to ensure that criminal justice reform doesn’t get left behind. Now, a new petition is circulating from Cannabis Amnesty, a justice reform group that wants there to be more language addressing pardons for people with weed-related criminal records.

Tue
15
May

30 Marijuana Stocks to Buy as the Future Turns Green

From niche sector to burgeoning industry, the list of marijuana stocks has veritably skyrocketed.

When it comes to cannabis, we’ve come a long way since former President Bill Clinton denied ever inhaling. With the previous presidential administration’s frankness on the matter, marijuana has become more blasé. Naturally, marijuana stocks have also increased in popularity, where we have more choices today than was previously thought possible.

Mon
14
May

Investing in the Ancillary Markets of Cannabis

The cannabis stock market is growing at a very fast pace, which has been great for some investors who want this level of exposure to the market. One of the hidden secrets of the market is that there are very good investments to be made in the industry on ancillary markets dealing with the cannabis space.

The cannabis research firm ArcView has stated that the legal cannabis industry could potentially reach as much as 28% growth year on year through 2021. Between the next ten years, ArcView has stated that the market could potentially reach as much as $47 billion from where it currently stands at $9.7 billion. The sales have been difficult to ignore given how much they are increasing and how quickly as well.

Mon
14
May

Jim Beam heir turns to pot with plan for a cannabis empire

Shortly after Prohibition ended, one of Ben Kovler’s ancestors invested $5,000 in a family of distillers led by James Beauregard Beam.

Kovler, 39, sees similarities between the liquor industry of the 1930s, when his great-grandfather Harry Blum helped build Jim Beam into one of the most recognizable bourbon brands, and today’s market for cannabis. With the end of what he calls “Prohibition 2.0,” Kovler is preparing to take Green Thumb Industries public in Canada.

GTI, a cultivator, processor and dispensary owner that operates in six U.S. states, plans to go public next month through a reverse merger with an already-listed Canadian company, Kovler, the firm’s founder and chairman, said in an interview. He’s also the biggest shareholder.

Mon
14
May

Canopy Growth applies for first NYSE listing by a marijuana producer

Canada’s biggest marijuana company has applied to become the first pot producer to list on the New York Stock Exchange.

Canopy Growth Corp., which already trades on the Toronto Stock Exchange under the ticker symbol WEED, said Monday it expects its shares to begin trading in New York under the symbol CGC before the end of May.

Chief Executive Officer Bruce Linton said earlier this year that he was one day away from filing to list on the Nasdaq Stock Market but pulled back to focus on closing a deal with alcohol giant Constellation Brands Inc. He said Monday that he chose the NYSE over the Nasdaq because of the additional credibility it lends his company.

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