Marijuana Business News

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Wed
30
Sep

Making Sense Of Cannabis Warning Labels And Their Effectiveness

Cannabis is safer than alcohol.

How much so?

According to at least one peer reviewed study the cannabis plant is 114 times safer than alcohol.

In fact, the cannabis plant is safer than many substances that are common around households across the globe.

With that being said, that is not the same as saying that cannabis does not have any side effects.

The cannabis plant can definitely cause side effects, albeit effects that are not as detrimental compared to those caused by other substances.

The list of the cannabis plant’s side effects very notably does not include death, however, there are still certain side effects that consumers need to know about.

Wed
30
Sep

The AGCO begins issuing 10 cannabis Retail Store Authorizations per week

On September 1, the AGCO announced the Government of Ontario’s direction to double the pace of cannabis Retail Store Authorizations (RSA) beginning this fall, from 20 to 40 per month.

Wed
30
Sep

Cannabis Consumers' Buying Patterns Sure Are Changing During The Pandemic

Consumers’ purchasing patterns involving marijuana have changed noticeably over the past several months in response to the coronavirus crisis.

Marijuana shoppers are spending more money per visit to recreational retail outlets. But they are shopping less often, perhaps for safety, or scheduling, reasons.

Our heat map of weekly adult-use sales changes in four western states show sales recovering through the year, with retailers benefiting from favorable treatment by state governments that allowed them to stay open or provide curbside service.

Wed
30
Sep

More Bad News for the Canadian Marijuana Industry

Few industries offer as much promise this decade as marijuana. After generating $10.9 billion in worldwide sales in 2018, Wall Street analysts are forecasting anywhere from $50 billion to $200 billion in global sales by 2030. While not every pot stock can be a winner, these would appear to be incredible growth figures for investors to piggyback on.

However, there's been a wild divergence to date between the U.S. and Canadian cannabis markets.

Tue
29
Sep

3 Marijuana Stocks to Hold For The End Of 2020

Can These Leading Pot Stocks Build More Momentum Before Next Year?

Tue
29
Sep

People of colour must be represented across the cannabis industry

There is a renewed reckoning about the exclusion of women and people of colour from power and resources worldwide.

The cannabis industry is no exception to this sad fact. For too long, the concentration of power within the rapidly expanding sector, particularly in the United States, has been male and white, shutting out the communities most impacted by cannabis prohibition.

Tue
29
Sep

Ontario Cannabis Store appoints Thomas Haig as interim president and CEO

The Ontario Cannabis Store says Thomas Haig has been appointed interim president and chief executive.

The provincial pot distributor says Haig was chosen because of his experience in retail and logistics that he earned while in key positions at Hudson's Bay Co., Zellers, Giant Tiger and Danier.

Haig succeeds Cal Bricker, who took a leave from being the Ontario Lottery and Gaming Corp's senior vice-president of horse racing to lead the OCS a year ago.

The OCS says Bricker is moving on from his role at the organization, but did not specify what he has planned next.

In the coming months, Haig will oversee distribution to new retail stores.

Mon
28
Sep

Marijuana Stocks To Watch To Start The Week

What is the Cannabis Industry Up To This Month?

Mon
28
Sep

Quality Will Be The Key Differentiator For Cannabis Exports

The legal cannabis industry is going global.

Dozens of countries now allow legal medical cannabis sales in some form, and more are looking to do the same for adult-use cannabis.

Currently, only Canada and Uruguay have legalized cannabis for adult use, however, that will likely change sooner rather than later.

Several countries are exploring a policy change to permit adult-use cannabis, and Italy, Mexico, and South Africa are in the process of implementing pro-legalization court decisions.

The spread of cannabis reform across the globe is being paralleled by the rise of the legal international cannabis industry.

Cannabis imports and exports are already allowed in several countries, with more on the way.

Mon
28
Sep

10 Pot Stocks Expected to Be Profitable in 2021

Although all eyes have been on work-from-home stocks over the past couple of months, Wall Street may be ignoring one of the fastest-growing industries on the planet over the next decade: marijuana. In the U.S. alone, legal weed sales could triple between 2019 and 2024.

But the cannabis industry is also navigating its way through some expected growing pains. Canada has dealt with no shortage of supply issues, while high tax rates in the U.S. have made it difficult for licensed producers to compete with black-market growers.

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