Say hello to the very first marijuana ETF for the U.S. As reported by CNBC, on Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF.
Tag Archives: Producers
ALBUQUERQUE, N.M., Oct. 25, 2017 /Weed Wire/ – The 35 licensed commercial producers in New Mexico’s Medical Cannabis Program brought in a record $22.1 million for the third quarter of 2017, an increase of 4 percent from the second quarter.
The high-growth industry certainly offers terrific prospects that would be envied by many tech stocks. However, a big hurdle for some investors is investing in “sin stocks,” or what could be perceived as unethical industries and businesses.
Canada’s biggest medical cannabis producers are seeing their stock prices rise after the federal government announced a plan to levy a one dollar per gram tax on recreational marijuana sales.
Gov. Kim Reynolds named eight Iowans Wednesday to serve on a state board that will oversee the state’s expanded medical cannabis law.
Canopy Growth Corp. (TSX:WEED) was the first cannabis stock to the market and quickly captured the attention of traders and risk-taking growth investors alike. As a result, shares of Canopy skyrocketed 300% in a span of just a few months last year.
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.
TMX Group Ltd. (TSX:X), the operator of the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV), has reportedly been speaking with regulators to figure out what will happen to Canadian marijuana producers with assets in the U.S.
ALBUQUERQUE, N.M., Aug. 8, 2017 /Weed Wire/ — The 35 Licensed Non-Profit Producers (LNPPs) licensed a total of 14,550 plants through July 31, 2018, an increase of 750 plants or 5 percent since August 1, 2016, while the program’s enrollment is expected to grow by more than 42,000 patients or 150 percent for the same period.
Recreational marijuana is now legal in Nevada — but the rollout isn’t exactly going according to plan. Marijuana producers are allowed to take every step involved in bringing cannabis from the soil to the store, except for one: distribution. That means vertically integrated companies have to hire third-party distributors just to move marijuana down their own hallway.
Well, we have news for Canadian marijuana stock investors: There’s a new threat on the horizon, at least for our neighbors to the north.
The chief executive of licensed marijuana producer Aphria Inc. is calling on his competitors to disclose and reduce their production costs well in advance of the coming legal recreational market.
Canadian marijuana players have been rushing to invest and take strategic positions in the new Germany medical cannabis market since late 2016, and this trend is set to continue going forward.
Aurora Cannabis Inc. today is one of the pre-eminent marijuana producers listed on the TSX Venture Exchange with a market capitalization just shy of $750 million, making it the fourth-largest marijuana stock behind only GW Pharmaceuticals PLC- ADR, Canopy Growth Corp., and Aphria Inc.
On Tuesday, June 20, 2017, Pennsylvania’s Department of Health is to announce which companies are the first to receive medical marijuana permits.
In an attempt to gain a foothold in Massachusetts’ burgeoning recreational marijuana industry, the tobacco industry wants marijuana producers to distribute their products through its members.
There are a handful of legitimate cultivators at this time, and an intriguing small-cap company is Aphria Inc. This marijuana stock is currently trading around $4.00, with a market cap of $579.3 million.
OTTAWA, Ontario, May 26, 2017 /Weed Wire/ — Health Canada is introducing several improvements to its medical cannabis program that aim to streamline the application process for issuing production licenses and enable increased production under the Access to Cannabis for Medical Purposes Regulations (ACMPR).
On May 23, 2017, the Oregon Employment Department’s Workforce and Economic Research Division released the most recent results of its marijuana employment tracking, identifying rapid growth in the recreational sector.
PORTLAND, Ore., April 28,2017 /Weed Wire/ – The Oregon Liquor Control Commission today approved rules allowing growers licensed in Oregon’s Recreational Marijuana Program to grow marijuana specifically for Oregon Medical Marijuana Program (OMMP) cardholders.
There is an opportunity for excess profits in the Canadian marijuana industry as the market is now in a position to expand at a very high rate, as Canadians have received confirmation that the potential legalization will become a reality.
Many companies are set to prosper under this new segment of the economy, and licensed producer of marijuana, Aphria Inc, is set flourish under such conditions.
On Feb. 22, 2017, Australia’s Department of Health announced that providers approved by the Office of Drug Control will be allowed to import medical marijuana from approved international sources.
SEATTLE, Wash., Aug.24, 2016 /Weed Wire/ — The Oregon Liquor Control Commission (OLCC) has approved WeedTraQR, industry-leading cannabis seed-to-sale tracking software, as a validated software provider for Oregon’s recreational marijuana program.
According to a recent study of sales numbers from the Washington Liquor and Cannabis Board and a U.S. Census Bureau survey of household expenses, Spokane County’s legal marijuana sales outperformed the county’s retail sales of wine and milk.
On Feb. 29, 2016, the New Mexico Department of Health published the state’s list of Licensed Nonprofit Producers, with the list having last been updated on Jan. 29. In its list, the DOH provides the names, addresses and contact information for the 23 independent LNPPs.
On Jan. 4, 2016, Oregon opened the application window for recreational marijuana licenses. To keep tabs on the applications, the OLCC recently created the following report: Recreational Marijuana License Application Statistics.
PORTLAND, Ore., Dec. 31, 2015 /Weed Wire/ — The Oregon Liquor Control Commission has created a series of forms, and supporting instructions, to assist prospective applicants in submitting online applications for Recreational Marijuana Licenses.
Portland, Maine, Aug. 5, 2015 /Weed Wire/ — Strategic Water Resources of Mystic, CT has partnered with Portland, Maine-based Vista Green Group to introduce its advanced water purification, oxygenation, and conservation system—SWR 50—to US and Canadian cannabis growers and producers.
New Mexico’s Department of Health would like to charge an annual $50 for patients to renew their registry ID cards. However, the proposal to triple annual licensing fees to a maximum of $90,000 for each producer seems high, even though the new regulations would allow each producer to have 300 seedlings in addition to 150 mature plants.