For all that’s worked in favor of marijuana stocks in recent years, there are plenty of risks. Some of these risks, such as profitability eluding most pot stocks, are readily apparent.
Tag Archives: companies
Unless You’re a Citizen, Legal Marijuana Isn’t for You
Legal marijuana may be a multi-billion dollar industry in Colorado, but cannabis is still illegal federally — so any job in the industry can be considered trafficking in a controlled substance.
Legal Weed: Politicians and Police Cashing in on New Industry
Who gets to profit from Canada’s booming weed industry? Researchers at The Weekly found that nearly 40 former politicians and police officers are involved in medicinal marijuana companies, set to make retail sales as soon as it becomes legal.
No Crackdown on Pot ‘Gifting’ Businesses in Boston Area
Massachusetts’ legalization of recreational marijuana has created a cottage industry of companies selling the drug under the guise of giving it away for free, or pot “gifting.”
Aurora Cannabis to Buy Rival to Create World’s Most Valuable Weed Firm
Canada’s No. 2 marijuana producer Aurora Cannabis Inc has agreed to buy smaller rival CanniMed Therapeutics Inc for C$1.1 billion ($852 million) as companies jostle to benefit from the country’s legalization of recreational marijuana use later this year.
Canada’s Small Financial Firms Get Buzz From Weed Stocks
Investors are betting Canada’s smaller financial firms could see a jump in revenues after they helped fund marijuana companies ahead of the country’s planned legalization of the drug this year.
Cannabis Firm Aurora in Talks to Buy Both CanniMed and Newstrike
Canadian marijuana producer Aurora Cannabis Inc (ACB.TO) is in talks with rivals CanniMed Therapeutics Inc (CMED.TO) and Newstrike Resources Ltd (HIP.V) to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday.
Aurora Stock: What to Expect from the Aurora-CanniMed Ceasefire
Here’s Why Aurora Stock May Survive the Volatility. A simple case of acquisition has turned two marijuana companies—Aurora Cannabis Inc. (TSE: ACB), (OCTMKTS: ACBFF) and CanniMed Therapeutics Inc. (TSE: CMED), OCTMKTS: CMMDF)—into the biggest adversaries
New Junior Marijuana ETF Offers Exposure to U.S. Businesses
A Canadian firm is launching an exchange-traded fund that gives investors exposure to the U.S. recreational marijuana market — a sector that’s been largely avoided by other ETFs because of legal uncertainties.
Why Aurora Cannabis Inc. Will Outperform Canopy Growth Corp. in 2018
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?
Weed Startups Want Social Drinkers to Change Way They Get Buzzed
Alcohol companies beware: Cannabis startups are coming for your customers. Now that recreational marijuana is legal in California and seven other states, startups are vying with traditional beverage companies for the attention of consumers planning to ingest a social intoxicant.
Canadian Marijuana Producers End Rally as U.S. Set to Tighten Enforcement
Canadian cannabis stocks fell on Thursday after the U.S. government said it would resume enforcement of federal laws banning marijuana in states that had legalized pot, disrupting a seven-day rally that boosted shares to record highs.
Pot Stocks Soar as California Gets Ready to Get High
Marijuana companies are higher than ever as California rolls toward recreational legalization. The BI Canada Cannabis Competitive Peers index is having its best day ever as Californians prepare to light up, or eat up, marijuana products starting Jan. 1 at 12 a.m.
3 Top Marijuana Stocks to Buy Now — Plus 2 Bonus Ideas
Here’s why the marijuana market is so intriguing, how big the opportunity could be, and why these stocks are top stocks to own.
Marijuana in the Nevada Workplace Questions
Local businesses are facing a dilema now that recreational marijuana is legal in Nevada. The question is, do they hire someone who uses the drug on their own time? Companies are being forced to review their policies.
Marijuana Index Gains on Strength of Canadian Cannabis Stocks
A healthy day of trading for Canadian cannabis stocks led the North American Marijuana Index to gain several points over Monday’s 169.07 close.
Ohio Picks 12 Large Growers for Medical Marijuana Program
The tiny village of Mount Orab and the city of Akron are among diverse locations of 12 large growers Ohio has picked for its medical marijuana program.
The Marijuana Index Is Up 54% This Month
The Marijuana Index, which covers leading cannabis investments on both sides of the Canada-U.S. border, rose 7% on Monday to close at 174.82.
Deal-Making in the Cannabis Industry Hits an All-Time High
If it seems like there’s been a spurt of deals and potential deals going on in the cannabis industry lately, it’s because that’s exactly what’s happening.
2 Maryland Companies to Study Medical Marijuana Vaping
With the state set to make medical marijuana available within weeks, two Maryland companies have formed a partnership to study how well vapor-inhalation devices work for patients.
The New York Stock Exchange Is Getting Its First Weed Fund
A subsidiary of the New York Stock Exchange launches trading on Dec. 26 for its first-ever marijuana fund, a major step for an industry that’s struggled to access mainstream U.S. financial instruments, even as Canadian markets have kicked off marijuana investment.
Marijuana’s Female Pioneers Are Being Pushed Aside in Legal Weed Boom
In the business of medicinal marijuana, there are strains for almost anything that ails you. So far, though, female entrepreneurs have yet to find a variety that addresses a painful side effect of the booming legal pot industry: sexism.
Once Flying High, Denver-Based MassRoots Has Nosedived
At one point, MassRoots was flying high, raising millions of dollars from investors and attempting to become the first cannabis company listed on the Nasdaq.
Manitoba’s Plans for Marijuana Could Create Growth Opportunities
Manitoba’s the latest province to unveil its plan for marijuana sales and distribution, releasing details Tuesday on how the new industry will operate.
Colorado Cannabis Companies Struggle to Be Charitable
Colorado cannabis companies have found it is hard for them to be charitable. Nonprofits often turn away pot profits for fear of losing federal grant money.
Are Canada’s Licensed Marijuana Producers at Risk of Becoming Delisted?
Marijuana stocks were down sharply in Tuesday’s trading as Toronto Stock Exchange operator TMX Group Limited suggested the exchange is going to start cracking down on marijuana producers engaging in illegal activities south of the border.
MJIC and Rolling Paper Depot’s Cannapreneur: Camille McCutcheon
I had a chance to interview one of the cannabis industry movers, someone who has been involved in this industry for quite some time. She has co-founded several companies, had her hands in all different kinds of areas during these start-ups and finally through all of that has found her one true passion in the cannabis world. She is an cannapreneur that radiates energy and excitement!
Toronto Stock Exchange May Delist Marijuana Firms With US Operations
Canada’s TMX Group Ltd (X.TO), operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the United States, where their operations are illegal under federal law.
Investing in Marijuana: Cannabis Industry Raises Hit $1.8 Billion
Despite strong opposition from former White House Press Secretary Sean Spicer and Attorney General Jeff Sessions, and the overall limitations imposed by federal illegality in the U.S., 2017 is shaping up to be a great year for the North American cannabis industry.
Case That May Disrupt MD Medical Marijuana Industry Will Go to Trial
Baltimore judge ruled Wednesday that a case that could disrupt Maryland’s fledgling medical marijuana industry should proceed to trial.
First Massachusetts Billboard Ads for a Dispensary Will Go Up Monday
Commuters might catch a glimpse of the future out their car windows on Monday: the first Massachusetts billboard ads for a marijuana dispensary.
Bank of Montreal and Toronto-Dominion Lead Peers in Pot Accounts
Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada’s burgeoning marijuana industry, even as some lenders shun the sector.
2 Metrics All Cannabis Stock Investors Need to Know
Marijuana stock investors are going to have to keep their eyes on the following two critical data points for each and every marijuana stock they’re considering buying, or that they already own.
Over 200 Pot Businesses at Cannabis World Congress and Business Expo
With recreational marijuana set to become legal in California in just a few months, this year’s Cannabis World Congress and Business Expo was bigger than ever.
Charities Just Say No to Cannabis Companies Contributions
Charity organizations are reluctant to take donations from cannabis companies, even if the state has legalized the industry. Organa Brands learned this the hard way.
Maryland’s Medical Marijuana Crop is Finally Growing
At long last, Maryland’s first legal marijuana crop is growing. With 19 companies cleared to grow, process and sell the plant, the seeds of the medical marijuana program have literally been planted, four years after the state legalized cannabis for medical use.
How Well Are Canadian Cannabis Companies Managing Recall Risks?
It seems as though news of recalls related to specific batches of bad marijuana from licensed Canadian producers has been coming in more frequently than marijuana investors and consumers would like to see.
Despite Missing Deadline, 3 Maryland Medical Marijuana Growers Approved
Despite missing a key state deadline earlier this month, three more medical marijuana growers won final licenses on Monday to cultivate the drug.
The Future of Hemp CBD in Legalized States
As more states legalize adult use marijuana, hemp CBD makers will find that they will need to make marijuana-derived products too if they want to succeed.
Medical Marijuana Groups Ask Texas Gov, DPS for More Dispensary Licenses
Medical cannabis companies and investors are calling on Gov. Greg Abbott’s office and the Department of Public Safety to approve more dispensary licenses beyond the three given provisional approval in May.
Marijuana Firm Says TMX Trade Shift Would Undermine System
Any move by the Toronto Stock Exchange owner to stop settling trades for marijuana companies with U.S. operations would undermine the market’s regulatory system, according to one Canadian pot company.
Why Marijuana May Be on the Verge of a Breakout
There has been a lot of news in the marijuana industry this year. The medical marijuana industry exploded, and many new companies came to market in a frenzy, which reminded investors of the exciting technology bubble.
Legal Marijuana Sale Faces Challenges by Banks in Uruguay
The legal sale of marijuana in Uruguayan pharmacies is facing challenges as banks refuse to deal with companies linked to the drug in order to follow international financial laws.
Canada’s TMX Asks Regulators for Rules for U.S.-Linked Pot Stocks
Canada’s TMX Group Ltd (X.TO) is seeking guidance from the country’s securities regulators, it said on Thursday, as it weighs how to deal with marijuana companies listed in Canada with interests in the United States, where the business remains federally illegal.
Can Medical Marijuana Revive Israel’s Kibbutz Movement?
By all accounts, Eilon Bdil has no personal interest in marijuana. But as the business manager of Kibbutz Elifaz, he’s a big believer in the herb. Bdil sees medical marijuana as a unique opportunity to revive his remote Negev community.
Lawmaker Calls Arkansas Medical Marijuana Business “Wild, Wild West”
Future medical marijuana growers and sellers in the Natural State can’t take their money to the bank, for now, that is. After doing his homework, the state lawmaker who crafted the new cannabis laws has learned more money, more problems when it comes to doing business without banking assistance.
Insys Therapeutics Finally Launched Its Highly Anticipated Drug
If you look around, chances are you won’t find many marijuana stocks struggling. But there’s always an outlier — and for the marijuana industry that’s drugmaker Insys Therapeutics.
Ready or Not, Maryland Marijuana Firms Face Big Deadline
Maryland’s beleaguered medical marijuana industry faces a critical deadline Monday, when companies the state has selected to grow the plant are required to be operational.
TMX Says Lower Trading Volume Mostly Due to Avoidance of Pot Stocks
TMX Group Ltd’s CEO on Thursday brushed off signs that the grip of Canada’s dominant stock exchange operator on overall trading volumes was slipping, saying recent market share losses were mostly due to its rejection of certain listings.
Is Big Pharma for or Against Legalizing Medical Marijuana? Maybe Both
People growing their own marijuana is a significant concern to Big Pharma. As state legalization of cannabis-derivatives spreads, the drug companies contemplating the potential of medical marijuana see a threat from both homegrown and professionally harvested medical-grade marijuana.