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: Supply
On Jan. 16, 2018, Canadian cannabis company Canopy Growth Corporation (TSX: WEED) announced its arrangement to provide marijuana to the province of Prince Edward Island.
With the cannabis supply in Alaska increasing and wholesale prices declining, growers are feeling a pinch from the state’s wholesale tax. Some are calling for reform.
ST. JOHNS, Newfoundland and Labrador, Dec. 08, 2017 /Weed Wire/ — The Provincial Government today announced it has entered into an agreement with Canopy Growth Corporation for the supply and production of cannabis in the province.
Minnesota medical marijuana patients are worried after news broke that one of the state’s two cannabis providers is experiencing a distribution delay, leaving them with scarce supplies for treatment.
IBM Corp., one of the bluest of U.S. blue-chip companies, is touting blockchain as the supply-management tool of choice for an unusual industry — cannabis.
Alaska’s cannabis tax revenue continued a steady climb upward in September, with $723,757 collected statewide, according to a state official.
Marijuana could get more expensive after a series of massive fires in Northern California wiped out as much as a year’s supply for some industry growers.
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.
Although the hype has worn off when it comes to Canadian marijuana companies, major growth prospects still exist in this newly emerging industry.
While the Golden State is preparing for the rollout of recreational legalization, it’s already having to address the issue of a California cannabis surplus.
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.
Cannabis wholesale prices are slowly climbing higher after a precipitous fall over the past year. So far, 2017’s first quarter average has risen to $1,613.
According to a recently released report from the Alaska Department of Revenue, the state banked $128,000 in marijuana tax revenue for the month of February, marking a slight increase from the $107,500 collected in January.
Tax revenue for Alaska’s legal marijuana industry dipped in the month of January. With retailers selling approximately 111 pounds of marijuana flower and another 77 pounds of marijuana plant material during the first month of 2017, the state took in $107,500 in marijuana taxes for January, which is $38,300 less than December’s high of $145,800.
Prices are tumbling as formerly illicit cultivators emerge from the shadows to invest millions of dollars in massive pot factories. In Colorado, the average price sought by wholesalers has fallen 48 per cent to about US$1,300 a pound since legal sales to all adults started in January 2014, according to Cannabase, operator of the state’s largest market.. Supply is surging as growers expand and install the latest agricultural technology.
Fairbanks, Alaska, welcomed its first two dispensaries on Oct. 31, 2016, and a third on Dec. 11, but demand for legal marijuana has outpaced supply, forcing all three of the city’s dispensaries to close temporarily.
Retired U.S. Marine Gen. John F. Kelly will be President-elect Donald Trump’s nominee for chief of the Department of Homeland Security. In a recent interview, Kelly said he believes U.S. drug policy should focus on reducing demand, and he also said medical marijuana has a legitimate medicinal purpose.
On Nov. 21, 2016, Alaska’s Kenai Peninsula welcomed its first recreational cannabis dispensary, Red Run Cannabis Company, with a crowd of customers lined up throughout the dispensary’s parking lot.
LEAMINGTON, Ontario, Aug. 22, 2016 /Weed Wire/ — Medical life science company, Medlab Clinical Limited (ASX:MDC), has signed a significant cannabis supply agreement with Canadian licenced producer of medical marijuana, Aphria Inc. (TSX VENTURE:APH)(OTCQB:APHQF).
It’s simple supply and demand. But when experts were analyzing market trends last year, and taking in the massive corporate bloom of the cannabis industry, most were expecting price hikes.
During the initial period right after legalization, residents of Colorado and Washington came to an unfortunate realization – legal marijuana was expensive.
With only four medical marijuana dispensaries currently in operation, out of a possible 35 dispensaries, the state of Massachusetts is dealing with demand outpacing supply.
When recreational marijuana was legalized in the state of Washington, one of the biggest concerns was what pricing was going to look like for consumers.
NIAGARA FALLS, Canada, Feb. 23, 2015 / Weed Wire / – During last Friday’s Niagara Entrepreneur of the Year awards, Leigh Coulter, President of GGS Structures, a leading provider of commercial marijuana facilities, walked away with the Niagara Entrepreneur of the Year Award in the category of International Trade.
While Colorado’s legal marijuana market continues to flourish, Washington’s market has been doing quite the opposite because its system has naturally encouraged a surplus.
The first several months of legal marijuana sales in Washington were rife with issues and chief among them was its marijuana shortage.
TRiQ is a crop cultivation systems integrator, process software developer, and cannabis production solutions provider.
We often like to think that marijuana cultivation is inherently an environmentally friendly process. Most of the perception is due in part to the hippie stereotype attached to marijuana.
San Diego, California, Nov. 6, 2014 /Weed Wire/ — The MMJ industry is currently lacking a central place where collective operators can go to purchase the supplies and products that are required to effectively provide for their patient’s needs.
One of the leading arguments for the legalization of cannabis is the tax revenue a state can generate. Unfortunately for Colorado, instead of generating the predicted $33.5 million tax revenue, they only generated $12 million, a shortfall of $21.5 million.
On November 4, voters in Florida will vote on the legalization of medical marijuana. With 9 out of 10 Floridians in support of the proposed measure, it is expected to pass. In preparation for the imminent passage of the ballot amendment, one company has big plans to become the largest medical marijuana supplier in the state.
Real estate is one of the oldest forms of investing; and probably one of the most sound as well. All other things being equal, the value of a real estate property tends to go up more often than it goes down. This is never truer than it is now in Denver. Legalized cannabis has single-handedly…
Taxes are like flies: no one really wants them around, but they play a vital role in their respective ecosystem. As summer flies by, Colorado officials are counting coffers and noticing an extreme shortfall in projected revenue from taxes on recreational cannabis.