Tag: cannabis industry
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How the biggest pot stocks plan to win in what is about to become a 'brutal' industry
Monday, 15 October 2018The cannabis hype is about to come face-to-face with reality. After Canada legalizes recreational marijuana on Oct. 17, it will only take a quarter or two for clear winners and losers to emerge, acco ...
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Pot companies failing at financial reporting, regulator says
Wednesday, 10 October 2018Cannabis companies are failing to adequately disclose even basic financial information to shareholders — from cost of production to fair value assessments, according to Canadian regulators. Of 70 com ...
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Is India losing out on a ready-to-boom cannabis market by not legalising its use?
Saturday, 06 October 2018Just about everybody smokes cannabis in India. Hush, not a word to anybody. We will all be arrested. It’s a democratic, egalitarian weed loved by copywriters, doctors, designers, salesmen, delivery b ...
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Cannabis capitalism: who is making money in the marijuana industry?
Wednesday, 03 October 2018The cannabis industry’s moral challenge is to ensure the groups who have suffered the most under the drug war can participate in the green rush and enjoy the spoils of legalization. Marijuana insider ...
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U.S. cannabis producers fear Canada will 'dominate the industry'
Saturday, 29 September 2018The CEO of California-based marijuana producer and seller Terra Tech is watching the cannabis industry boom north of the border with more than a little apprehension — because he is already seeing the ...
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'Monsanto of pot': How cannabis firms are seeking to lower growing costs
Tuesday, 18 September 2018As cannabis producers add to their harvest as Canada prepares to legalize recreational use starting Oct. 17, some companies are already exploring novel ways to dramatically reduce the cost of growing ...
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Tilray CEO envisions US$100B future as company surges past Canopy's market cap
Tuesday, 18 September 2018Tilray Inc., the cannabis company that has seen its valuation double, could become a US$100 billion company, according to its CEO Brendan Kennedy, as the regulations surrounding marijuana continue to ...
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Agriculture minister seeks to link small ganja farmers with large processors
Monday, 10 September 2018Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, says he is looking to link small ganja farmers with large processors who have the ability to convert ganja into a range of medi ...
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Has Big Pharma’s ‘inevitable entrance’ into the cannabis space arrived?
Monday, 03 September 2018As Canada prepares to legalise the recreational use of marijuana, the medicinal potential of cannabis has attracted increased attention in the pharmaceutical space. According to a joint research proj ...
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Canopy Growth CEO: We're not the Amazon or Google of pot yet, but we want to be
Friday, 31 August 2018Canopy Growth CEO Bruce Linton told CNBC Friday the cannabis company is well ahead of its rivals in becoming the leading brand in legal marijuana but still needs to improve. "When I need to find info ...
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Ganja: Discovering the future
Wednesday, 22 August 2018Despite cannabis being an integral part of the Jamaican identity, just five years ago local laws did not reflect the realities of its use in the country. However, this changed after the decriminalisa ...
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Constellation spends $4bn to lift stake in cannabis group Canopy
Wednesday, 15 August 2018Beer maker Constellation Brands doubled down on its bet on the budding marijuana industry, pumping just under $4bn into a Canadian group that has sought to capitalise on the spreading legalisation of ...
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Ontario will rely on private sector to sell recreational cannabis
Monday, 13 August 2018Premier Doug Ford is giving up Ontario’s monopoly on weed, opening sales of recreational cannabis to private stores by April 1 in a dramatic shift that will make this province the biggest prize for C ...
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For US pot companies, Canada is the land of opportunity
Wednesday, 25 July 2018Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn't have was access to enough capital to make it all hap ...
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Cannabis store and cafe opens in Kingston
Wednesday, 18 July 2018Jamaica has opened its first seed-to-sale cannabis retail store located in Market place on Constant Spring Road. The ribbon-cutting ceremony signified the beginning of a new era for the use of medica ...
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Partnership critical for ganja industry success - SRC head
Friday, 06 July 2018Executive Director of the Scientific Research Council (SRC) Dr Cliff Riley has underscored the importance of working partnerships that acknowledge and incorporate the expertise of small players as cr ...
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Canada’s cannabis firms plot world domination
Thursday, 05 July 2018It is rare to see the words “Canada” and “world domination” in the same sentence. The country’s cannabis producers want to change that. With an eye on October 17th, the date on which recreational mar ...
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New regulations may spark Canada’s craft cannabis revolution
Thursday, 28 June 2018While legalization in Canada is delayed until October 17th, 2018, Canadians are celebrating as micro-licenses are finally coming out, ushering in the second wave of legalization. These micro-licenses ...
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Tobacco giant Imperial Brands invests in medical cannabis
Thursday, 28 June 2018Tobacco firm Imperial Brands is investing in UK biotech company Oxford Cannabinoid Technologies (OCT). The move comes as campaigning to allow marijuana products for medicinal purposes gathers pace. A ...
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Profits and perils of the new Canadian pot economy: Don Pittis
Monday, 25 June 2018Legalization is creating a whole new industry — perhaps a whole new economy. But even as pot generates new jobs and new companies and new stock market earnings, in both business and society as a whol ...
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How mapping marijuana DNA could change the future of pot
Tuesday, 12 June 2018Scientists are currently in the midst of exploring uncharted territory: The cannabis genome. Unlike with other plants, researchers don't have a long history of closely analyzing the genetic makeup of ...
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Goodbye counterculture: what will happen when weed goes corporate?
Thursday, 07 June 2018Under the federal government’s new legal regime, for the first time in Canadian history, minors in possession of more than five grams of dried cannabis can catch criminal charges. Add that, according ...
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Pot delivery services could be 'cockroaches' of marijuana legalization, experts say
Sunday, 03 June 2018Marijuana businesses are growing as Canada moves toward legalization of recreational pot, creating an increasingly daunting job for those tasked with enforcing the rules. In Vancouver's bustling down ...
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Jamaica poised to become major location for medical cannabis investment — Shaw
Sunday, 27 May 2018Audley Shaw's trip to Canada has paved the way for Jamaica to play a leading role in the rapidly growing medical cannabis industry, according to the Ministry of Industry, Commerce, Agriculture and Fi ...
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Big cannabis growers urge senators to ban commercial outdoor growing
Wednesday, 23 May 2018Canada’s medical cannabis industry is making a push in the Senate to ban large-scale outdoor cannabis cultivation. Allan Rewak, the executive director of the Cannabis Canada Council, an industry asso ...
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Big opportunities in Europe's cannabis market come with big risks
Wednesday, 16 May 2018Interest is running very high among cannabis entrepreneurs looking to capitalize on the prospect of an expanded European cannabis market. Europe is home to more than 740 million people, a population ...
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Colombia sees billion-dollar bonanza from legacy of marijuana trade
Thursday, 03 May 2018Farmers who want to be part of Colombia's medical marijuana project are required to destroy their illegal crops. Colombia has already issued 33 licenses and hopes to grow as much as 40.5 tons a year ...
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Morocco's farmers are now producing high-quality Rosin and BHO
Monday, 30 April 2018In the final part of our series on the recent changes to the cannabis industry in Morocco, we’ll take a closer look at the new extraction methods gaining popularity among the farmers of the Rif. This ...
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The red flags ahead of Canada’s marijuana legalization
Monday, 23 April 2018The central question facing the Liberal government as it seeks to fulfill its 2015 campaign promise to “legalize, regulate and restrict access to marijuana” is: Can they do it without making the situ ...
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Canadian and U.S. pot firms cross borders to raise money in battle for dominance
Sunday, 22 April 2018As U.S. and Canadian government policies toward marijuana grow more divergent amid Canada's push for legalization, their stock exchanges have seen a flurry of cross-listing activity from companies ea ...
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Most banks won’t touch America’s legal pot industry
Friday, 20 April 2018Providing banking services to pot-sellers is a risky endeavour. Despite being legal in one form or another in 29 states, marijuana is banned under the federal Controlled Substances Act, and classifie ...
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Cannabis products sold in Lidl Switzerland
Thursday, 19 April 2018Hemp containing active ingredient cannabidiol (CBD) can now be bought in Swiss branches of German discount supermarket chain Lidl. Start-up company The Botanicals, from Thurgau in northeastern Switze ...
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The plan to save California's legendary weed from 'Big Cannabis'
Tuesday, 17 April 2018The cannabis industry in California historically has been anything but centralized. That has made the cannabis in the Emerald Triangle legendary. Thousands of small farms have developed strains uniqu ...
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Canadian banker snags $750-million in marijuana business as rivals say no
Tuesday, 03 April 2018In a down-and-out Canadian town, Bruce Linton dreamed of transforming an abandoned Hershey Co. chocolate plant into the Next Big Thing, a medical marijuana factory. But the pot entrepreneur faced a c ...
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Wall Street experiments with marijuana investments
Sunday, 01 April 2018More adventurous corners of Wall Street are experimenting with marijuana as an investment even though recreational use of the drug is illegal in New York and the US attorney-general has reminded the ...
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Britain’s stringent rules on medical cannabis harm patients
Saturday, 17 March 2018In 2016 Britain harvested 95 tonnes of legally grown cannabis, twice as much as a year earlier, and more than any other country. The International Narcotics Control Board, an independent monitor link ...
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Colombia looks to become the world’s supplier of legal pot
Saturday, 10 March 2018Tens of thousands of Colombians died in the U.S.-backed war on drugs. But after an official about-face on marijuana, Colombia is looking to exchange gun-toting traffickers for corporate backers in a ...
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Cannabis cultivation a go for giant Canadian tomato greenhouse
Monday, 05 March 2018Canadian officials have green-lighted a plan to convert a gargantuan tomato greenhouse for cannabis cultivation. Health Canada issued a cannabis cultivation license for the 1.1 million-square-foot gr ...
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Jamaica missing out on growing ganja industry — Golding
Thursday, 01 March 2018Opposition Spokesperson on Finance Mark Golding today told the Standing Finance Committee of Parliament that the cannabis sector needs full governmental support if Jamaica is to take advantage of the ...
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Big Tobacco invests in Canadian marijuana, leaving B.C.'s craft-cannabis producers uneasy
Wednesday, 28 February 2018Earlier this month, an unremarkable sentence appeared in a quarterly report published by Alliance One International, a tobacco company headquartered in North Carolina. “In January, we successfully ac ...
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Denmark’s high hopes to become Europe’s biggest medical cannabis producer
Thursday, 22 February 2018Denmark will soon become one of the largest medical cannabis producers in Europe. Since December 2017, the Laegemiddelstyrelsen medicines agency has issued 12 permits to companies to produce medical ...
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Hong Kong drug firm’s shares rise after it brings in Chinese hemp producer to explore medical uses of cannabis
Thursday, 22 February 2018Shares in Hong Kong pharmaceutical company Meilleure Health International Industry Group soared by as much as 35 per cent on Thursday after it issued 312 million new shares to top Chinese hemp produc ...
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Report: 99% of California cannabis growers are still unlicensed
Monday, 19 February 2018The backers of Prop. 64, the 2016 Adult Use of Marijuana Act, sold California voters on the promise that small and medium businesses would be the engine powering the state’s $7 billion legal cannabis ...
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Marijuana producers enter retail race as legalization looms
Sunday, 11 February 2018As the race to produce enough cannabis for the soon-to-be-legal market gets increasingly crowded, licensed producers are setting their sights on the next frontier in the race for maximum pot profitab ...
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Big US tobacco company buys stakes in Canadian cannabis growers, American hemp firm
Friday, 09 February 2018A publicly traded U.S. tobacco company has bought controlling stakes in two Canadian marijuana producers and invested in a North Carolina hemp grower, making what is believed to be the first foray by ...
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Canadian cannabis companies set their sights on South America
Wednesday, 31 January 2018Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would c ...
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Canadian weed companies are staking their claim in Europe
Tuesday, 30 January 2018Some of Canada’s biggest cannabis companies are expanding their presence in Europe through a series of strategic acquisitions, designed to secure a first-mover advantage in a region that is firmly on ...
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Could Sessions’ marijuana policy shift benefit the cannabis industry in 2018?
Wednesday, 24 January 2018Uncertainty interjected into the cannabis industry earlier this month by U.S. Attorney General Jeff Sessions could create new opportunities for the sector and advance legalization legislation. But th ...
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Canada’s weed stocks are out of control
Monday, 22 January 2018Stocks in Canada’s biggest cannabis companies skyrocketed the past year – with the three largest rising more than 200 percent each. Analysts are warning the high times won’t last as the nascent legal ...
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Les paradis fiscaux financent les firmes de pot canadiennes
Monday, 22 January 2018De riches investisseurs anonymes des paradis fiscaux ont misé au moins 165 millions $ dans des producteurs de pot autorisés au Canada, a découvert notre Bureau d’enquête. Îles Caïmans, Bahamas, Beliz ...
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