Marijuana Business News

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stocks
business
Wed
19
Sep

4 Cannabis beverage stocks ready to bubble up on Aurora Cannabis talks

On September 17, 2018, multiple sources reported to BNN Bloomberg that Coca-Cola is in talks with Aurora Cannabis Inc. (TSX:ACB) to develop CBD-infused beverages, signifying the entry of yet another iconic brand into the industry. This follows Constellation Brands’ investment in Canopy Growth Corp in August 2018, and the rumored entry of Diageo into the Canadian cannabis space, also in August 2018. According to a report from the Hemp Business Journal, the U.S. consumer CBD market is expected to grow from $202M in 2015 to $2.1B in 2020, which presents a significant opportunity for companies to expand into rapidly-growing cannabis/hemp businesses.

Wed
19
Sep

Quebec First Nations community talks partnership with Canadian cannabis producer

The Mohawk Council of Kahnawà:ke (MCK) in Quebec has said it is currently studying a partnership to establish a Health Canada licensed “state-of-the-art” medicinal cannabis greenhouse of at least 50,000-sq-ft, with an additional 20,000-sq-ft of post-harvesting space.

In a statement, the MCK said it is in discussions with Canopy Growth, Canada’s largest medicinal marijuana company, which would see Canopy Growth purchase up to 100% of the cannabis produced at the Kahnawà:ke facility. The partnership would mark Canopy Growth’s first First Nations partnership in the province.

Wed
19
Sep

As legalization looms, Canada's pot companies about to be tested

For years now, Canada's cannabis companies have grown in size, soared in value and existed in a sort of ethereal middle ground waiting for that distant future when pot was legal. Now as legalization looms, one of the country's biggest licensed producers is bracing for life on the other side of that legal divide — where promise and reality will finally meet.

"There will be failures. There will be shortcomings. There will be short shipments," said Vic Neufeld, CEO of Aphria, one of the largest and highest-valued cannabis companies in the world.

Founded in 2014, Aphria has expanded and grown at breakneck speeds, making investors rich in the process.

Wed
19
Sep

B.C. government cannabis workers could be barred from entering U.S.

B.C. government employees who work in provincially-run legal cannabis stores could find themselves barred from entering the United States. 

Mike Farnworth said Monday he’s aware of a threat by U.S. border officials to deny entry to anyone involved in Canada’s marijuana industry, which will become legal Oct. 17.

That’s raised the risk that hundreds of B.C. government employees could find themselves unable to travel to the United States because they staff the new public cannabis retail stores and distribution branch, including front-line workers, managers and even ministry officials. The first B.C. government store, in Kamloops, will open on the day of federal legalization.

Tue
18
Sep

Shopify stock set for new heights on back of marijuana legalization

As recreational cannabis becomes legal in Canada starting next month, Shopify Inc. is emerging as the place to get it. For investors, that means there’s potential for the e-commerce company to smoke expectations.

Several Canadian provinces have picked Shopify to run their e-commerce websites and the company has also signed deals with marijuana companies including Canopy Growth Corp., KeyBanc says. Cannabis is an “opportunity no one is talking about,” analyst Monika Garg writes.

Tue
18
Sep

3 Canadian marijuana stocks that bucked the trend Thursday

The Canadian marijuana stocks we’ve weeded out bucked the trend this past Thursday, finishing the day higher within a broad-based cannabis sector sell off

Tue
18
Sep

The ins and outs of cannabis investing

The cannabis market has continued to attract new slews of investors as exciting market news and new companies hit the space on a daily basis. With the changing legislation and the public perception of cannabis also shifting in a favorable direction, it seems as though now is a better time than ever to get involved in the world of cannabis.

The past few months have also been exceptionally interesting for the world of cannabis investing as several companies have received large investments and the market in Canada has also been set to move forward with selling recreational cannabis. All of these factors contribute to a positive outlook for the future of cannabis.

Tue
18
Sep

Which of these cannabis stocks is making bigger waves in the market?

The cannabis industry has been notoriously successful for some time now amidst stringent regulation and the changing public image of the substance. Several stocks have come to the forefront of the market due to the increasing competition and innovation in the space, and as the market is able to mature even more, it seems as though the top of the industry is continuing to take over.

Tue
18
Sep

3 of the cheapest pure-play marijuana stocks

Following years of debate, Canada's big day is just over a month away. As of Oct. 17, adults aged 18 or 19 and over (depending on the province) can legally purchase recreational marijuana in licensed dispensaries. This'll make Canada only the second country in the world and the first industrialized country to legalize adult-use weed.

Tue
18
Sep

Coca-Cola reportedly in talks with Canada’s Aurora Cannabis

The world’s largest beverage company may be the next industry giant to jump into the cannabis drinks business.

Coca-Cola Co. says it’s monitoring the nascent industry and is interested in drinks infused with CBD — the non-psychoactive ingredient in marijuana that treats pain but doesn’t get you high. The Atlanta-based soft drinks maker is in talks with Canadian marijuana producer Aurora Cannabis Inc. to develop the beverages, according to a report from BNN Bloomberg Television.

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