Aurora Cannabis Inc. (TSX:ACB) and Canopy Growth Corp. (TSX:WEED) are the two frontrunners in the rapidly emerging Canadian cannabis scene, but will these two powerhouses play leapfrog as legalization day comes and goes?
Tag Archives: Demand
TORONTO, Ont., Nov. 20, 2017 /Weed Wire/ — Thirty-seven percent of Canadian licensed cannabis producers are focusing on scaling up capacity and production to meet anticipated post-legalization demand, according to a new Canadian EY cannabis study of licensed producers.
There’s a massive Canadian marijuana news story that we’ve been following for over a year here at Money Morning. The news could lead to the Canadian cannabis industry growing by 400% in just four years, and you can profit by getting in right now…
Marijuana companies should be careful in overselling how much growth will be achieved or what the prospects will look like for the industry. There is a recent example that cannabis investors would be wise to review, and that’s what happened with Freshii Inc..
Nevada recreational cannabis sales have declined by approximately 20-30% since first launching in July of this year, according to a report published by the Nevada Department of Taxation and obtained by the Reno Gazette-Journal.
Although the hype has worn off when it comes to Canadian marijuana companies, major growth prospects still exist in this newly emerging industry.
While the Golden State is preparing for the rollout of recreational legalization, it’s already having to address the issue of a California cannabis surplus.
According to Emily Wilson, some medical patients across the valley can’t afford the price gouge on Nevada marijuana and are turning to the streets for cheaper prices.
After nearly a week of sales, Nevada dispensaries are on the verge of running out of marijuana. On July 7, 2017, it was announced that Gov. Brian Sandoval had endorsed a “statement of emergency” issued by the state Department of Taxation, giving the department the latitude to adopt emergency regulations aimed at fixing the marijuana shortage.
Medical cannabis was in demand in California this past 420 holiday. According to Onfleet, a delivery management company, medical cannabis delivery in The Golden State spiked to great heights on April 20.
According to a recently released report from the Alaska Department of Revenue, the state banked $128,000 in marijuana tax revenue for the month of February, marking a slight increase from the $107,500 collected in January.
Tax revenue for Alaska’s legal marijuana industry dipped in the month of January. With retailers selling approximately 111 pounds of marijuana flower and another 77 pounds of marijuana plant material during the first month of 2017, the state took in $107,500 in marijuana taxes for January, which is $38,300 less than December’s high of $145,800.
Marijuana prices are falling. Could marijuana stock prices drop soon, too?
Fairbanks, Alaska, welcomed its first two dispensaries on Oct. 31, 2016, and a third on Dec. 11, but demand for legal marijuana has outpaced supply, forcing all three of the city’s dispensaries to close temporarily.
Retired U.S. Marine Gen. John F. Kelly will be President-elect Donald Trump’s nominee for chief of the Department of Homeland Security. In a recent interview, Kelly said he believes U.S. drug policy should focus on reducing demand, and he also said medical marijuana has a legitimate medicinal purpose.
On Nov. 21, 2016, Alaska’s Kenai Peninsula welcomed its first recreational cannabis dispensary, Red Run Cannabis Company, with a crowd of customers lined up throughout the dispensary’s parking lot.
A study by Deloitte says legal marijuana in Canada will become a $22.6 billion industry, surpassing all alcoholic beverages combined. The soon-to-be-released, 11-page report, titled “Recreational Marijuana: Insights and Opportunities,” says fulfilling the demand for recreational pot will require 600,000 kilograms annually.
The number of licensed medical marijuana patients who purchased cannabis in New Mexico grew from 18,062 in the first quarter of 2015 to 55,016 in the same period this year.
LeafLine Labs opened its second medical cannabis dispensary Monday ahead of an expected increase in demand due to a change in Minnesota law.
It’s simple supply and demand. But when experts were analyzing market trends last year, and taking in the massive corporate bloom of the cannabis industry, most were expecting price hikes.
During the initial period right after legalization, residents of Colorado and Washington came to an unfortunate realization – legal marijuana was expensive.
Legal marijuana may be doing at least one thing that a decades-long drug war couldn’t: taking a bite out of Mexican drug cartels’ profits.
While traditional Super Bowl parties typically involve chicken wings and alcohol, the increased acceptance and legality of marijuana use have made the substance a growing staple for sports-related festivities.
With only four medical marijuana dispensaries currently in operation, out of a possible 35 dispensaries, the state of Massachusetts is dealing with demand outpacing supply.
Weekly CannaBit for the Week of Sept. 7, 2015: Monthly medical marijuana sales have risen steadily in Arizona, from 36,035 ounces in January 2015 to 54, 353 ounces in July.
CHICAGO, Aug. 5, 2015 /Weed Wire/ — Hollowaty Group, LLC today announced the debut of its cannabis market demand models in electronic format for every U.S. state, bringing an elevated level of analytical rigor, flexibility and transparency to this rapidly growing, multi-billion dollar industry.
The first several months of legal marijuana sales in Washington were rife with issues and chief among them was its marijuana shortage.
With an influx of capital from alternative and traditional (OK, fringe traditional) investors, the legalization business is about to get legit.
One of the leading arguments for the legalization of cannabis is the tax revenue a state can generate. Unfortunately for Colorado, instead of generating the predicted $33.5 million tax revenue, they only generated $12 million, a shortfall of $21.5 million.
On November 4, voters in Florida will vote on the legalization of medical marijuana. With 9 out of 10 Floridians in support of the proposed measure, it is expected to pass. In preparation for the imminent passage of the ballot amendment, one company has big plans to become the largest medical marijuana supplier in the state.
Real estate is one of the oldest forms of investing; and probably one of the most sound as well. All other things being equal, the value of a real estate property tends to go up more often than it goes down. This is never truer than it is now in Denver. Legalized cannabis has single-handedly…
Taxes are like flies: no one really wants them around, but they play a vital role in their respective ecosystem. As summer flies by, Colorado officials are counting coffers and noticing an extreme shortfall in projected revenue from taxes on recreational cannabis.