Ontario will try to sell legal pot for a price low enough to squash the black market. The government plans to establish a price for recreational marijuana that isn’t too high in order to eliminate illicit sales.
Tag Archives: sales
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales.
Gov. David Ige and state Financial Institutions Commissioner Iris Ikeda announced a “banking solution” that allows Hawai‘i’s medical cannabis dispensaries to access financial services and use a cashless payment system
From gluts to labeling updates and the combination of medical and recreational sectors, the Washington cannabis market has been on a rollercoaster ride, but flower has managed to remain king of the hill.
When retail outlets in California finally get permission to start selling recreational marijuana at the start of 2018, thanks to a vote last year, there’s one notable way they won’t be able to deliver the drug—by drone.
Washington recreational cannabis sales and diversion rates took a dip when neighboring Oregon enacted recreational legalization.
Recreational cannabis is a $6 billion industry that is projected to reach $50 billion in legal annual sales by 2026. Here’s what you need to know if you’re thinking of investing in marijuana.
Undoubtedly, a reversal in the federal government’s laxness on pot would be terrible news for marijuana stock investors, but not every last company would be decimated. One marijuana stock could still thrive, even with Jeff Sessions waving the metaphorical sword at the pot industry: Scotts Miracle-Gro.
With the Centennial State enjoying one of the lowest unemployment rates in the country, workers in Colorado have a lot to celebrate, but so do the state’s dispensaries.
It’s a growing trend: hemp for pets. But it could soon be harder to find. Utah’s Department of Agriculture and Food announced Wednesday it had issued warnings to more than two dozen businesses, asking them to stop manufacturing and selling adulterated or misbranded commercial feed.
As California gears up for the sale of recreational cannabis, lawmakers are still concerned about cannabis packaging that could appeal to minors. On Aug. 24, 2017, state lawmakers sent Gov. Jerry Brown Senate Bill 663, a bill intended to thwart edibles from being marketed to adolescents, as reported by the Los Angeles Times. Crafted by…
BOULDER, Colo., Aug. 22, 2017 /Weed Wire/ — Labor Day Weekend invites backyard grilling, the last dip in the pool for the year, outdoor concerts and cannabis — lots of cannabis.
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.
It looks like residents of the Pine Tree State will now have to wait several more months for recreational marijuana sales in Maine.
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.
Marijuana sales in Colorado, the first state in the nation to legalize recreational weed, surpassed $750 million during the first half of 2017, up about 25 percent compared to the first six months of 2016.
The Department of Health just announced the issuance of new proposed regulations that would make changes to the state’s medical marijuana program to improve access. Among other things, they would reduce some of the onerous security requirements for registered organizations, shorten the length of the medical marijuana course certifying practitioners must take from four hours to two, and allow additional types of medical marijuana products to be sold.
VANCOUVER, British Columbia, Aug. 10, 2017 /Weed Wire/ — Friday Night Inc. subsidiary, Alternative Medicine Association, has signed exclusive license agreements with Vader Extracts, CannaBlends, Guilla Extracts and yesterday AMA added “Krypted”, a very well-known and popular vaping brand in California to its Nevada offerings.
After 17 years, Hawaii’s medical cannabis patients no longer have to wait to legally purchase their medication. On Aug. 8, 2017, the Department of Health approved Maui Grown Therapies as the first licensed medical cannabis dispensary to open for business in Hawaii.
Identifying companies in great financial health is important when investing in an industry like marijuana. That being said, the Canadian marijuana stocks on our list all have current ratios of at least 10x, and debt to equity ratios under 20%.
Jesus Aponte pushes a door open to reveal hundreds of aromatic, spiky green plants, a crop that Puerto Rico hopes will help it ease a grinding economic crisis by generating millions in revenue and tens of thousands of jobs.
In mid-June home lawn and fertilizer care specialist The Scotts Miracle-Gro Company (NYSE:SMG) lowered its full-year fiscal 2017 outlook, citing a more than 10% drop in mass retail sales compared to the year-to-date checkpoint from the previous year. That was caused by challenging weather this spring in core markets across the United States.
Marijuana safety is a major concern for the Maine lawmakers, who want to make sure all marijuana is tested before hitting retail shelves. On July 20, 2017, the Maine House approved a bill that would require the Department of Agriculture to create testing facilities for marijuana.
State House and Senate negotiators reached an agreement Monday on the state’s voter-approved Massachusetts marijuana law that would allow retail pot sales to be taxed at a maximum 20 percent rate.
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.
Tourists and locals alike flocked to Nevada dispensaries after the state greenlit the sale of recreational marijuana, but less than two weeks later dispensaries across the state are facing a major problem: a lack of marijuana. On July 13, 2017, an emergency regulation was approved in an effort to solve the Nevada marijuana shortage and keep businesses open.
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.
LAS VEGAS, July 7, 2017 /Weed Wire/ — Friday Night Inc. (the “Company”) (CSE:TGIF) (FRANKFURT:1QF) is pleased to provide an update on the Company’s 91% owned asset, Alternative Medicine Association, LC (AMA), which continues to achieve record sales in Las Vegas.
he Massachusetts House and Senate continue to be at odds over how to regulate recreational marijuana. On June 30, 2017, a six-member conference committee comprised of both House and Senate leadership announced that although it had missed its self-imposed deadline to come to an agreement, it would continue negotiations after the Fourth of July holiday.
The partygoers of Sin City will soon be given the opportunity to indulge in recreational marijuana this Saturday. On July 1, 2017, Nevada recreational marijuana sales will commence as dispensaries will have the green light to sell to adults.
LAS VEGAS, June 29, 2017 /Weed Wire/ — Legal adult marijuana sales will begin in Nevada on Saturday, making it the fifth state in the nation to establish a regulated marijuana market for adults.
Massachusetts House Speaker Robert DeLeo and Senate President Stanley Rosenberg are confident that the House and Senate can come to an agreement on recreational cannabis taxes before their self-imposed deadline of June 30, 2017.
On June 26, 2017, the Nevada Tax Commission adopted emergency recreational marijuana regulations that clear the way for early sales in the state.
Though there are a number of direct players in the industry, some of the most surprising growth can be seen in emerging industry players. One such name is Scotts Miracle-Gro.
A judge has extended a temporary order that prevents the state from issuing distribution licenses to existing medical marijuana dispensaries so they can begin recreational sales July 1.
On July 1, 2017, Nevada will legalize the use and sale of recreational marijuana, which could be a catalyst for long-term gains for three cannabis stocks.
A vote in the Massachusetts House of Representatives to alter the state’s recreational marijuana laws has been delayed due to concerns from members of the Democratic caucus.
Here is a novel concept could increase the safety of cannabis deliveries and be a boon for marijuana stocks: drone deliveries. Not only will drone deliveries increase safety, but they will also make delivery faster and more convenient.
If there is a “Holy Grail” milestone out there for cannabis stocks, it’s the $1 billion sales mark. The first cannabis company to hit $1 billion in sales will likely validate the industry to Wall Street and investors. But which marijuana stock has the best chance at being first to $1 billion in annual sales?
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.
On May 16, 2017, the Oregon Office of Economic Analysis issued its quarterly Oregon Economic and Revenue Forecast, with the forecast giving a recreational marijuana outlook for the first time in the forecast’s history.
In a Connecticut budget bill introduced on May 16, 2017, Democrats included legalizing, regulating and taxing recreational marijuana. According to the Marijuana Policy Project, the proposal would allow adults 21 and older to buy marijuana from dispensaries.
The application period for Nevada’s early-start marijuana sales is officially underway. The Department of Taxation began accepting applications Monday for businesses wanting to grow, produce and sell recreational marijuana.
On April 21, 2017, the Maine Department of Health and Human Services issued its 2016 annual report on the state’s medical marijuana program, noting that the number of caregivers rose from 2,258 in 2015 to 3,258 in 2016, an increase of 44%.
Licensed Nevada medical marijuana facilities in good standing with state agencies will be allowed to start recreational marijuana sales on July 1, according to the industry’s new state regulating body.
On May 2, 2017, the Vermont House of Representatives voted 75-71 to approve H.170, a bill that would legalize recreational marijuana statewide.
On May 3, 2017, the Illinois Medical Cannabis Pilot Program reported that it raked in just over $6.6 million in retail medical marijuana sales for the month of April, a slight increase of $300,000 from the $6.3 million in sales for the month of March.
DENVER, May 4, 2017 /Weed Wire/ — Ubiquitech Software Corp. (OTC PINK: UBQU), CEO and the management of (UBQU) and Hemplife Today™ want all shareholders, and the general public, to have an update and overview on the exciting progress to date in 2017. The company also includes goals for the remainder of the year.
DENVER, May 3, 2017 /Weed Wire/ — Making good on a promise from November 2015, Dropleaf, the brand management firm that has obtained the exclusive rights to the Julian Marley’s JuJu Royal brand, has paid $3,800, or 1% of annual sales, to the Weed for Warriors Project.
SAINT PETERSBURG, Fla., May 1, 2017 /Weed Wire/ – HempTech Corp. (OTC PINK: HTCO), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal industrial hemp and marijuana, announces today that it is redeploying CannaTRACK: an Enterprise Asset Management System.