Marijuana Business News

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stocks
business
Thu
13
Dec

Is marijuana stock stability on the rise?

There is no doubt that the marijuana stock market has been quite volatile for around a year now, but as the infancy of the industry begins to wear off, what can investors expect from this quickly shifting market?

2018 was an incredible year for cannabis as Canada legalized the use of recreational marijuana, and many states in the U.S. decided to legalize its use domestically. Of course there are still issues at the federal level when it comes to the U.S. industry on marijuana, but things do look to be panning out.

Thu
13
Dec

Canadian cannabis producer Canopy Growth expects to enter the US market next year to grab a piece of a $1.6 billion opportunity (CGC)

The Canadian cannabis producer Canopy Growth expects to enter the US market by the end of 2019, according to analysts at Cowen.

Speaking at a New York City-based Contractors Association Lunch on Tuesday, Canopy CEO Bruce Linton said he expects his company to have an active presence in the US cannabis market by late 2019, Cowen says.

Thu
13
Dec

From herbs to weed: Saskatoon market gardener EcoBain plans switch to marijuana

If everything goes according to plan, Brian Bain will convert his Saskatoon market garden to a marijuana nursery by next year. 

He said it's a matter of economics.

"All of a sudden, you have a crop that comes along, that you can pay your employees better, you can pay yourself better and the business itself will do better," he told CBC Radio's Saskatoon Morning. "It's really hard not to make that switch."

Right now, Bain grows herbs like mint, chives, dill and basil and sells them to grocery stores across western Canada. He plans to convert his hydroponic garden to a nursery that will sell live pot plants to licensed stores. 

Bain said margins in the produce business are tight and it can be difficult to make money.

Wed
12
Dec

Could the holidays give marijuana stocks a lift?

The holidays are a time to relax and spend time with friends and family. Usually, the relaxing part includes ample amounts of beer, wine and eggnog. But now, with cannabis fully legal nationwide, pot may become a bigger part of the holiday revelry. And should that turn out to be the case, cannabis producers will be the main beneficiaries.

Many types of stocks do well during the holidays, most notably retailers, shipping companies, and credit card makers. These companies typically get a boost during the winter because of strong retail sales. Wine is another category that gets a boost in December, as it is the type of alcohol most commonly given as a gift.

Wed
12
Dec

The 10 best marijuana stocks to buy in 2019

Any cursory look at the markets would reveal that 2018 wasn’t the best year for investors. That goes for speculative assets as well, including marijuana stocks. Although going green has proven net positive for the early birds, the sector tanked heavily during the October selloff. Still, I wouldn’t drop them from your list of stocks to buy just yet.

Despite their well-publicized fall from grace, several marijuana stocks have stabilized from their severe correction. While that’s no guarantee that the industry is done spilling blood, the deflated prices will almost certainly attract speculators. Should enough risk-takers enter the arena, publicly traded cannabis companies will jump higher, even if it’s only a temporary swing.

Wed
12
Dec

Cannabis penny stocks: OrganiGram and Emerald Health go green

Cannabis penny stocks had a rough start to the week, but this morning it seems to have turned all around!

The major cannabis stocks are also trading green today on both US and Canadian exchanges, which may be the reason for the upswing in penny stocks. 

Today, we’ll take a closer look at the penny stocks trending on the TSXV this morning.

Wed
12
Dec

4 Events that sum up CannTrust Holdings' 2018

The marijuana industry has had an historic, if not odd, year.

On one hand, the legal cannabis industry gained legitimacy with Canada choosing to legalize recreational marijuana in October. Although it's going to take a few years before growers are operating at peak potential, the legal weed industry could easily generate in the neighborhood of $5 billion in added annual sales by early next decade.

Wed
12
Dec

Is Canopy Growth Corp. (TSX:WEED) stock the top cannabis pick for 2019?

The pullback in the stock prices of Canada’s top cannabis stocks has investors wondering which companies are best positioned to deliver strong results in 2019 and beyond.

Let’s take a look at Canopy Growth (TSX:WEED)(NYSE:CGC) to see if it deserves to be on your marijuana stock buy list.

Wed
12
Dec

Hemp companies poised to list in U.S. as farm bill goes to vote

Investors looking for exposure to the burgeoning U.S. cannabis sector may not have to go north much longer.

With lawmakers likely to vote to legalize hemp soon, cannabis company Vertical Cos. plans to spin off its hemp assets into a separate company called Vertical Wellness and list it on the Nasdaq. Other companies that extract cannabidiol, known as CBD, from hemp are poised to follow suit to other U.S. exchanges.

“We feel that with the farm bill passing, it opens up the pathway to a formal listing on a U.S. exchange like Nasdaq,” said Smoke Wallin, president of distribution, sales and marketing at the Agoura Hills, California-based Vertical. The company cultivates and sells cannabis products in four U.S. states.

Wed
12
Dec

Small cannabis growers find roadblocks on path to microcultivation licences

Without warning, his baby had stopped breathing, and he frantically performed CPR while his friend James Gallagher called 911.

Years later, the men still become emotional remembering that day. Boissonneault learned that his daughter had a rare disorder that caused epilepsy, and when pharmaceutical medications failed to cure her seizures, he turned to CBD oil, a non-psychoactive substance in marijuana.

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