Marijuana Business News

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stocks
business
Tue
31
Jul

Canopy Growth Corp: Is another rally about to begin?

Investors in the marijuana sector are on a wild ride, and those who missed the huge rally in the past year are wondering if the recent weakness in some of the big names is an opportunity to finally get in the game. Let’s take a look at Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) to see if it deserves to be in your portfolio. Diversification Canopy started out as a supplier of medical marijuana. That market is still the main driver of revenue, but the pot of gold investors see at the end of the rainbow is the rapidly approaching…

Mon
30
Jul

Better marijuana stock: Canopy Growth Corporation vs. Tilray, Inc.

Which stock wins in a one-on-one battle between these two big marijuana growers?

Only three Canadian marijuana stocks trade on the major U.S. stock exchanges.

One of them claims the largest market cap of any marijuana stock -- Canopy Growth Corporation (NYSE:CGC). Another is the newest marijuana stock  -- Tilray, Inc. (NASDAQ:TLRY).

Mon
30
Jul

2 More U.S. marijuana companies plan to go public in Canada

The push to uplist from the over-the-counter exchange or go public continues to grow among cannabis companies.

Don't blink, or you might miss the incredible growth and shifting legal landscape of the marijuana industry.

According to cannabis research firm ArcView, legal weed sales in North America catapulted higher by 33% in 2017, and they're on track to grow by an average of 28% per year through 2021, leading to nearly $25 billion in annual sales.

Mon
30
Jul

China is blaming Canada for its cannabis problem but produces 50 percent of the world's supply

Canada's legalization of cannabis this year wasn’t met with red envelope-like celebration by Chinese government officials. The Chinese government has long blamed the maple-blanketed country for its handling of tons of illegal cannabis imports. Those officials have a right to be somewhat perturbed, as roughly 20% of Canada’s total marijuana production ($1.2 billion worth) was sold illegally beyond the country's borders last year, a good portion believed to be China-bound.

Mon
30
Jul

Nova Scotia safety company cashing in on marijuana legalization

A workplace safety company in Nova Scotia hopes the next couple of months will be big ones for it.

With the legalization of recreational marijuana coming to Canada on Oct. 17, the Sayle Group has been pushing its cannabis safety program to businesses ranging from IT firms to heavy industrial companies.

"We spent the latter part of last year and the early part of this year soft launching our online program," said company CEO Stephen Sayle. "The interest now since that time has really started to ramp up."

The Sayle Group only has seven employees and is based out of a small office in Bedford, N.S.

Mon
30
Jul

The NHL might commission study on marijuana’s therapeutic benefits

The ripple effect of Canada legalizing recreational marijuana reaches many cultural institutions. That includes the National Hockey League, which has nine franchises located in Canada. Though marijuana isn’t currently on the league’s banned substances list, meaning players aren’t tested for cannabis usage, will the NHL’s official policy change in any way toward cannabis?

NHLPA executive director Don Fehr was asked just that while attending an​ NHLPA golf outing​. Fehr admitted conversations have occurred internally about Canada’s marijuana legalization and hinted that the NHL and NHLPA may come to an informal agreement regarding player policy. However, we shouldn’t expect any official legal change anytime soon.

Mon
30
Jul

The rise of 'weed tech': Cannabis tech sector flourishes in lead up to legalization

A growing number of Canadian tech entrepreneurs are betting big on the future of cannabis in the lead up to legalization later this year. These “weed tech,” or “canna tech,” companies, as they are sometimes called, are hoping to cash in on the new legal market by creating specialized software and hardware to serve the cannabis industry and consumers.

Mon
30
Jul

Editorial: Higher taxes on legal pot favour the black market

When legal recreational pot goes on sale across Canada this fall, the most angry, disappointed people should be the criminals.

That's because from the time he first promised to end 95 years of cannabis prohibition during the 2015 election, Justin Trudeau has argued one of the main benefits of this change would be the damage it would inflict on the black market.

Gone would be the vast, underworld network supplying unregulated, possibly unsafe, cannabis to Canadians, including Canadian children. Gone would be outlaw dealers, some armed, some willing to commit violence to protect their turf.

Mon
30
Jul

Could this be the cannabis stock to beat Canopy Growth Corp. (TSX:WEED)?

Summer is here and cannabis euphoria is in full swing. And with legalization set to take effect October 17, everyone is talking about Canada’s favourite marijuana stock, Canopy Growth Corp. (TSX:WEED)(NYSE:CGC). Canopy has been on fire in the past 12 months. It’s also generating a lot of buzz. When a stock more than triples in a single year, people take notice — and doubly so if new legislation could potentially grow its sales dramatically. But Canopy is not the only TSX cannabis stock that stands to benefit from legalization. Aphria Inc. (TSX:APH) is another medical marijuana vendor that could expand into…

Mon
30
Jul

First Nations urging Ottawa to include cannabis in drugs covered by non-insured drug benefit plan

A medical marijuana company led by Phil Fontaine, a former national chief of the Assembly of First Nations, has hired a well-connected lobby firm to convince the federal government that cannabis should be included in the Non-Insured Health Benefits (NIHB) program run by the Indigenous Services department.

The decision by Indigenous Roots to enlist the services of the Bluesky Strategy Group comes after many First Nations have jumped into the medical marijuana industry and as others contemplate the move.

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