The North American Marijuana Index, a stock index that tracks the top performing cannabis stocks in the U.S. and Canada, decreased 11% in August.
Tag Archives: MJN
Canada’s licensed producers will have to expand their testing checklists. On May 5, 2017, Health Canada announced that mandatory cannabis testing now includes testing for unauthorized pesticides.
TORONTO, Ontario, May 5, 2017 /Weed Wire/ – Cronos Group Inc.’s (TSXV:MJN) wholly owned licensed producer, the Peace Naturals Project Inc. (“Peace”), was notified on May 4, 2017 by Health Canada that upon testing a random cannabis leaf sample, trace levels of Piperonyl Butoxide (PBO) were discovered at 0.78 parts per million (ppm). PBO is an organic compound known as a synergist.
The California Cannabis Business Expo wound down on March 8, closing with two panels at the Marijuana Investor Summit: one featuring the CEOs of three U.S. based firms active in the cannabis space; the other featuring four business and financial executives from Canada, who could speak to the state of the same industry in a very different legal and cultural context.
Heightened public awareness leading up to the U.S. elections in November drew in massive increases in trading volume, pushing the U.S. Marijuana Index and Canadian Marijuana Index to double in price in less than a two-month period in September and October.
While investment in cannabis industries is limited in the U.S. by federal law, Canadian companies and investors don’t face these same restrictions.