WASHINGTON, Jan. 4, 2018 /Weed Wire/ – Attorney General Jeff Sessions announced that he will rescind “the Cole Memo,” a policy put in place during the Obama Administration which gave guidance to federal prosecutors operating in states where cannabis had been legalized for medical or adult use. New Frontier Data, the authority in business intelligence for the cannabis industry, forecasts this decision will have a chilling effect on the industry.
Tag Archives: Public Companies
Merrill Lynch may have been one of the first mainstream investment firms to release a report on the burgeoning legal marijuana market back in 2015, but more have followed, including the Edward Jones marijuana report that recently entered the fray.
TORONTO, Ontario, Oct. 16, 2017 /Weed Wire/ – The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities, which among other things, outlines CSA staff’s specific disclosure expectations for issuers that have, or are in the process of developing, marijuana-related activities in the U.S.
TORONTO, Aug. 4, 2017 /Weed Wire/ — CNSX Markets Inc. (“Canadian Securities Exchange”, “CSE” or the “Exchange”) has today released guidance pertaining to listings of cannabis companies with assets or operations in the United States. There is significant uncertainty in Canada surrounding these listings, and the CSE wishes to confirm its position.
Since Justin Trudeau’s election, the Canadian cannabis space has seen significant growth both in public and private sectors. The industry is gearing up for its entry into the legal recreational cannabis market set to open up by July 1, 2018.
MJIC Inc., the company behind the much-discussed Marijuana Index*, tracks U.S. and Canada-traded weed stocks and has been used as the base for the main cannabis ETFs out there. However, the media seems to have emphasized only one of the company’s multiple business segments.
On May 19, 2017, the U.S. Securities and Exchange Commission announced the temporary suspension of two marijuana stocks that trade on the OTC Markets, with both orders of suspension related to the companies neglecting to provide accurate and up-to-date information.
On Thursday, April 13, 2017, Canada made headlines with its official introduction of legislation to legalize recreational cannabis in the country by July 2018. While the country’s announcement has major national and international implications, cannabis stocks in Canada took a downturn upon hearing the news.
While the Canadian Marijuana Index dipped slightly in March due to federal uncertainties, the Canadian public markets have bounced back today on the news of recreational marijuana legislation being introduced in Canada’s House of Commons this Thursday, April 13, 2017.
Attorney General Jeff Sessions issued a memo on April 5, 2017, outlining the mission of the U.S. Department of Justice’s Task Force on Crime Reduction and Public Safety, including the creation of a subcommittee to review marijuana enforcement policies, and it did not go unnoticed by public market participants.
In this survey we will be reviewing the stocks that make up the North American Marijuana Index. In Part 1, we’ll look at Canopy Growth Corp. (OTCPK:TWMJF), GW pharmaceuticals (NASDAQ:GWPH), Axim Biotechnologies Inc. (OTCQB:AXIM), and United Cannabis Corp. (OTCQB:CNAB).
The cannabis industry’s excitement is building as the California takes steps towards establishing its legal recreational market. This week Los Angeles voters approved Measure M to create regulations for adult-use marijuana, thus setting up the city to steal the title of marijuana capital from Denver.
While President Donald Trump vowed on his campaign trail to let states decide the fate of marijuana legalization, recent comments by the Trump Administration seem to negate his campaign promise and have created a ripple effect in the public cannabis markets.
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.
We recently took a trip around the Pacific Northwest to do some “research” into the legalization of marijuana in the United States and cannabis startups. What we saw was shocking to say the least. In a good way.
For investors, the rising prospects of legalized pot may be too good to pass up, yet the publicly traded cannabis companies may not be such a smart bet.
On June 14, 2016, Burn Entertainment Corporation (OTC: BTVN), also known as BurnTV, a cannabis multimedia firm, announced a $2 million equity purchase agreement with Kodiak Capital Group, an institutional investor based in Newport Beach, California.
Many companies directly in or serving the cannabis industry have turned to the public markets in order to facilitate raising capital.
NEW YORK, Jan. 28, 2016 /Weed Wire/ — Viridian Capital Advisors has published its 2015 Cannabis Industry Report and Stock Index, labeled by Barron’s as the benchmark index for the Cannabis industry.
With the exception of the late-2013 to early-2014 bubble, from which fortunes were made, there has been little sustained progress in producing a truly public company sector Version 2.0. No doubt companies like Massroots (OTCQB: MSRT) have set the bar higher.
CHICAGO, Oct. 20, 2015 /Weed Wire/ — The Cannabis Growth Capital Conference will bring the best public and private investment companies in the industry together at the Westgate Convention Center, Las Vegas, Nov. 10-11.
CEOs run companies, nominally at least, but if you are an investor, especially one who has cannabis shares on the OTC market, it would be wise to remember that the acronym can also mean chief executive optimist.
CHICAGO, Sept. 2, 2015 /Weed Wire/ — MJIC Media LLC, a marijuana media conglomerate, today released its first six independent research reports covering constituents of its Marijuana Index.
Why talk about due diligence? Two words: Bernie Madoff. So what does Bernie Madoff have to do with investing in cannabis? Everything!
New companies every week, more press releases every day! How do you keep up with all the information and what’s relevant in it? How does a novice investor assimilate all of this?
At the Marijuana Investor Summit in Denver on April 21, 2015, representatives from five publicly traded cannabis businesses gathered to discuss the state of the cannabis industry from a public company’s perspective.
Today is an historic day for the public cannabis market. The Association for Responsible Public Cannabis Companies is a self-regulatory organization focused on the improvement of the public marketplace for cannabis companies.