Marijuana Business News

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stocks
business
Mon
22
Jul

Growing marijuana could create whole new crop of gardeners

Could cannabis be good for gardening? We have all heard about the benefits of the Canadian cannabis industry for Bay Street, the agricultural sector and even the Canadian economy, but I think cannabis could create a whole new crop of future gardeners.

Cannabis makes being a gardener or grower cool: well, at least in the eyes of those who desire growing their own. Never in modern history has there been a time you could legally grow cannabis at home. In the past, you had to resort to growing it secretly in a remote forested area or indoors in a tented basement.

Mon
22
Jul

The most important thing to know about investing in marijuana stocks

Few industries are expected to generate the green over the long run quite like the cannabis industry. With Canada legalizing recreational marijuana in October, and two-thirds of the U.S. allowing physicians to prescribe medical cannabis (11 states have also legalized adult-use weed), it's easy to see how North America has become the breeding ground for growth in the legal pot industry.

Mon
22
Jul

Pot offers new hope for rural towns hurt by decline of the fishery

With legal cannabis a growing industry in the country, and edibles about to become available in the fall, lots of prospective businesspeople are trying to get a piece of the action.

In rural Newfoundland, there's a trend happening in the industry.

Former fish plants that have been shuttered for lack of product turn out to be perfect for growing pot.

There aren't that many large buildings available for food production in rural Newfoundland, and cannabis counts as food under federal regulations because it's consumed. Many of them have three-phase power, which is needed in industrial buildings, a reliable source of water and lots of growing space.

Mon
22
Jul

What could you buy with 150 metric tons of weed?

Given the average Canadian prices for cannabis total $10 a gram (according to one of the most recent StatsCan surveys), you could buy a small village (or one Vancouver mansion) with this amount of weed.

As it turns out, 150 metric tons of cannabis is approximately how much Canadian producers have stored away for a rainy day.

That’s a lot of the green stuff, and despite what you may otherwise hear in the media about shortages and stores not being able to source product – really, it really boils down to layers of government inefficiency that have been injected into an industry thriving on its own via private dispensaries for more than a decade — dispensaries which in many cases are now illegal and must yield to the insurmountable force of the Canadian government.

Mon
22
Jul

A no-nonsense look at Canopy Growth since its IPO

Even if you aren’t a big investor, chances are you’re still aware that the marijuana industry has been the hottest thing since the internet on the stock market.

For the last two or three years, investors have gained (and lost) a lot betting on these stocks, with Canopy Growth Corp.  (TSX:WEED)(NYSE:CGC) emerging as one of the top players in this young industry.

Yet even as stocks go up and down, there is still a lot of opportunity to grow in the future. Wall Street estimates that worldwide, cannabis sales could be worth up to US$75 billion a decade from now.

Mon
22
Jul

3 terrible reasons to sell Canopy Growth

Canopy Growth (NYSE:CGC) quickly went from being a favorite cannabis stock for many investors to a favorite stock to bash. If there's any doubt about that, just look at the nearly 50% year-to-date increase in Canopy's short interest.

With Canopy Growth founder and longtime CEO Bruce Linton getting pushed out earlier this month, some investors are probably wondering if it's time to throw in the towel on the stock. But if you're in that category, here are three terrible reasons to sell Canopy Growth. 

Mon
22
Jul

THC slushies, pirate radio and the cannabis-driven boom in a Mohawk community

Driving down Highway 401 in southern Ontario, with the FM dial tuned to 87.9, the 1990s-era rap music fades into an ad, offering a free joint with every purchase over $20 between midnight and 4:20 a.m. at the Pot Shoppe.

A second ad then promotes a "car show for Jeeps" in the parking lot of the Pot Shoppe every Tuesday night.

"Don't forget, we have free coffee for the driver and our famous Pot Shoppe slushies at half-price for the passenger," the ad says. "THC-infused slushies — just a little more brain freeze."

Mon
22
Jul

2 penny stock marijuana plays that could make you rich

Penny stocks -- those trading under $5 per share -- are risky by their very nature. And that statement is arguably doubly true for cannabis stocks. Numerous pot companies, after all, have run afoul of regulators for questionable business practices in the past. 

Mon
22
Jul

Better marijuana stock: HEXO vs. Scotts Miracle-Gro

After a great start this year, many marijuana stocks have been hammered over the past couple of months. HEXO (NYSEMKT:HEXO) is one of them, with its share price nearly 40% off its highs from earlier in 2019. On the other hand, Scotts Miracle-Gro (NYSE:SMG) is a notable exception, with shares continuing to steadily rise throughout the year.

Which is the better marijuana stock to buy now? Here's what you need to know about Scotts Miracle-Gro and HEXO.

Fri
19
Jul

Early search for CannTrust buyer underway amid Health Canada probe: Sources

As CannTrust Holdings Inc. (TRST.TO 2.67%) awaits its fate after running afoul of federal regulators, BNN Bloomberg has learned there’s early-stage interest behind the scenes to find a white knight that could potentially spare the cannabis producer from losing its licences if Health Canada exercises the full extent of its enforcement power.

Multiple sources directly familiar with the matter told BNN Bloomberg that at least two Canadian cannabis producers have been approached by bankers to gauge interest in acquiring CannTrust. Such a move could help keep the beleaguered company operating and stave off the worst-case scenario of losing its sales or processing licences as a result of unlicensed production at one of its facilities.

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