Marijuana Business News

Synonyms: 
stocks
business
Fri
14
May

New data shows cannabis industry salaries up across the board

California-based CannabizTeam has released its 2021 salary guide and the data shows that salaries for more than 60 popular positions within the sector have seen a salary bump over the past year.

The guide is focused on the U.S. industry across 36 states and hypothesizes that the sector could support 500,000 full-time jobs and top $35 billion in annual sales within the next three years.

“The cannabis industry proved its strength and resiliency in 2020 and enters 2021 as the fastest-growing industry in the United States,” said Liesl Bernard, CEO of CannabizTeam. The guide relies on proprietary salary data from the CannabizTeam, as well as surveys and independent research.

Fri
14
May

11 Canadian Cannabis Price Target Changes Investors Need To Be Aware Of

After leading Canadian Licensed Producers (LPs) announced quarterly financial results that came in lower than what many broker-dealers expected, several firms have issued new ratings and/or price targets on several LPs.

Several of the price target decreases are substantial and we find the changes to be worth highlighting. We attribute the change in sentiment to companies reporting that it has lowered its cash burn by closing production facilities and by reducing employee headcount. 

Fri
14
May

A Canadian Company Finds a Unique Way to Expand Into the US Market

Many of the Canadian cannabis companies are focused on expanding into the US cannabis market in 2021. The one remaining obstacle is that if they grow cannabis or own retail stores in Canada, they are prohibited from entering the US market until cannabis is legal at the federal level.

Without federal legalization and safe banking in the US market, however, navigating through the hurdles of the cannabis space is limited and can add many extra costs to a company’s capital structure.

Thu
13
May

Branding Pays off for Marijuana Companies

As the recreational marijuana industry expands and matures, branding will be a vital strategy for companies vying for market share. Companies that build identities that resonate with consumers while fulfilling their needs will continue to grow – even once the industry’s rapid expansion eventually slows. Building brands that connect to buyers takes time. But that work is already paying off for some companies in California, Colorado and Washington state.

Wed
12
May

The Best Cannabis Stocks To Buy In 2021? These Have Long Term Potential

Top Cannabis Stocks In 2021

In 2021 marijuana stocks and the cannabis market have continued to show investors the growth potential in the sector. With most leading cannabis companies reporting significant revenue growth in 2020 and guidance for 2021 showing higher revenue the industry is expanding rapidly. In general, top cannabis stocks have shown some upward momentum so far in May. Next week many leading cannabis companies will report first-quarter 2021 earnings, and this could be a catalyst for the cannabis sector.

Wed
12
May

The Disconnect Between Cannabis Companies And Consumers

Ultimately, you want to make a “black market competitive weed” where the price maybe is elevated due to regulatory costs, but still very accessible to blue-collar consumers.

There is a reason why roughly 80-90% of the weed purchased in Canada is still from the black market — price.

When cannabis was illegal, it was one of the cheapest drugs available on the planet. In fact, in “Walk Hard: The Dewey Cox Story,” they poke fun at how “not dangerous” it really is.

Of course, when it was illegal it didn’t have the sophisticated processes of cultivation like we have today in the legal market. It also didn’t have all of the strict regulation which elevates the cost to consumer.

Wed
12
May

Security, Chain of Custody, and The Transportation Manifest

Cannabis compliance for licensees is finally emerging from the shadows into the forefront as regulators move from the application phase to the operational phase.

In performing Freedom of Information Act (FOIA) requests and reviewing online compliance audit reports and letters to licensees, there are a number of specific issues regulators are required to review, but the majority of warning letters and flagged inspection reports show only a handful of cited issues for the vast majority.

Wed
12
May

The Largest Acquisition In Cannabis Sector History Has Closed

Last week, marked another milestone of the legal cannabis industry after Jazz Pharmaceuticals (Nasdaq: JAZZ) completed the acquisition of GW Pharmaceuticals plc., a leader in the science, development and commercialization of cannabinoid-based prescription medicines.

Although the acquisition did receive as much attention as the merger between Aphria and Tilray, Inc. (TLRY.TO) (TLRY), we believe the transaction represents an inflection point for the biotech side of the cannabis industry. 

Tue
11
May

Marijuana Stocks Are On The Move But Will Trading Continue To Rise This Month?

Will Marijuana Stocks Continue To Rise This Month?

Tue
11
May

Securing Cannabis Across the Supply Chain

Tracking cannabis from the farm to the dispensary is important to the safety of the entire marketplace. How to do it, however, has left many supply chain experts dazed and confused. But Applied DNA Sciences, a company that creates molecular tagging technology for supply chain security, anti-counterfeiting, and anti-theft technology, has an answer—at least a portion of it.

 

Pages

Subscribe to RSS - Marijuana Business News