Tag: cannabis industry
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Investors are delusional when it comes to Canadian marijuana companies
Wednesday, 10 January 2018As the July deadline for the provinces to legalize marijuana approaches, the stock prices of Canadian publicly-traded weed producers have been on a tear. On Monday alone shares in Canopy Growth Corp. ...
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Study: legal marijuana could generate more than 132 billion in federal tax revenue and 1 million jobs
Wednesday, 10 January 2018Legalizing marijuana nationwide would create at least $132 billion in tax revenue and more than a million new jobs across the United States in the next decade, according to a new study. New Frontier ...
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Cannabis chaos — Sessions has no exit strategy for his war on drugs
Sunday, 07 January 2018One of the great social and political experiments of this decade, marijuana legalization, faces its greatest existential threat: Jeff Sessions. Twenty-nine states have exercised their rights and lega ...
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Marijuana stock analysts not too worried about Sessions's order just yet
Thursday, 04 January 2018Cannabis analysts weren't too worried for the most part about the decision by Attorney General Jeff Sessions to rescind an Obama-era policy that effectively limited federal enforcement of marijuana l ...
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Steve DeAngelo digs in
Monday, 01 January 2018"We are looking in 2018 and 2019 at an extinction event for 75 percent of the existing cannabis industry in California," says cannabis activist/entrepreneur Steve DeAngelo of Harborside. For DeAngelo ...
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Hippy dream now a billion-dollar industry with California set to legalise cannabis
Saturday, 30 December 2017On Monday, California, the US’s most populous state, and the world’s sixth biggest economy, will officially legalising cannabis. Overnight a shadow industry worth billions of dollars annually will em ...
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I grow pot in California for a living. I’m worried about legalization
Friday, 29 December 2017As the daughter of a back-to-the-land homesteader and pot farmer, I learned never to speak of what my father did. We lived a simple life in times when only growing a few plants could sustain us. It’s ...
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Legal weed isn’t the boon small businesses thought it would be
Friday, 29 December 2017The business of selling legal weed is big and getting bigger. North Americans spent $6.7 billion on legal cannabis last year, and some analysts think that with California set to open recreational dis ...
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Canadian pot growers eye global expansion
Thursday, 28 December 2017Canadian medical marijuana is setting the stage to go global. The country’s emerging legal producers have a chance to seize opportunities in other countries that could make them worldwide leaders, ac ...
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Californian growers and retailers brace for cannabis competition
Wednesday, 27 December 2017California has long been a cannabis pioneer. The state became a hub for the drug-induced counterculture of “turn on, tune in, drop out” of the 1960s, from hash-smoking hippies of Haight-Ashbury in Sa ...
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Canadian cannabis firm licensed to produce in Denmark
Tuesday, 19 December 2017Canadian medical marijuana producer Canopy Growth said its joint venture Spectrum Cannabis has been licensed to grow pot in Denmark for sale throughout the European Union. In a statement, the company ...
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Lawmakers, pot growers say California's marijuana cultivation rules favor big corporate farms
Monday, 18 December 2017California’s new rules allowing marijuana cultivation favor large corporate farms despite a promise in Proposition 64 that small growers would be protected, according to a group of state lawmakers an ...
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Marc Emery was right; Julian Fantino was wrong
Friday, 15 December 2017It seems absurd that Marc and Jodi Emery, who have spent years fighting the unjust laws against marijuana, in and out of prison, can’t now sell the product, while Conservative MP and former OPP commi ...
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The legal marijuana market is exploding — it'll hit almost $10 billion sales in this year
Friday, 08 December 2017The market for legal marijuana is heating up in a big way. Legal marijuana sales are predicted to hit $9.7 billion in North America in 2017, according to a new report from cannabis industry analysts ...
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Les prix du cannabis légal s'effondrent
Tuesday, 28 November 2017La Suisse connaît un raz-de-marée vert, celui du cannabis légal ou cannabidiol (CBD), dont le taux de l'agent psychotrope THC est inférieur à 1%. Alors qu'il n'y avait que cinq producteurs enregistré ...
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The Swiss cannabis farm aiming to supply 'legal weed' across Europe
Friday, 24 November 2017In fields across Switzerland the harvest time for cannabis is coming to an end, and workers are distributing the crop to shops in France and Switzerland. Soon, the plants could be available across mu ...
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The price of cannabis is falling, suggesting a supply glut
Thursday, 16 November 2017In the US cannabis operations, now legitimate in many states, are forbidden from the usual business deductions and face crippling tax bills of as much as 70% of revenue. That is just one of the weird ...
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Greece hopes its economy can get high from medical weed
Tuesday, 14 November 2017Investors in medical cannabis projects are focusing on Greece, where a warm, sunny climate and potentially favorable future legislation could help the government deliver on a promise to pull the coun ...
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How big tobacco, alcohol and pharma companies could enter the cannabis industry
Monday, 06 November 2017The entrance of Constellation Brands in the cannabis industry has broken the insulation around cannabis companies — it is now incumbent upon the industry to embrace and prepare for the forthcoming wa ...
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Ready or not, recreational marijuana use is coming to Canada
Saturday, 04 November 2017Proposing legislation to legalize the recreational use of marijuana was the easy part for Prime Minister Justin Trudeau. With about eight months to go before Canada becomes the second nation after Ur ...
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Legalized marijuana presents opportunity of a lifetime for Canadian entrepreneurs
Friday, 03 November 2017The modern-day prospectors in Canada's new cannabis market are working hard and cutting deals as the final eight months tick down to the day when recreational marijuana is fully legalized. Like the g ...
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Alcohol goliath pours $190M into Canadian cannabis company
Monday, 30 October 2017Constellation Brands, the alcohol goliath, is putting its money toward another emerging sector — cannabis-based beverages. The company plans to spend C$245 million ($190.88 million USD) to acquire a ...
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Legal dagga process draaaags on
Friday, 29 September 2017Businesses that want to get in on the ground floor of South Africa’s great medical marijuana revolution, or at least the legal one, are bound to find it a frustrating process. Whether you want to leg ...
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Op-Ed: Marijuana farming – a silver bullet for rural poverty?
Tuesday, 26 September 2017When marijuana farming is legalised in South Africa who will benefit? This is not just a hypothetical question. Right now, marijuana is being legally grown at scale by the House of Hemp in irrigated ...
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Startups seek to cash in on cannabis, but some fear Israel will take a hit
Sunday, 24 September 2017With green in their eyes, Israeli entrepreneurs have spotted cannabis soon to be growing opportunity, and at least 700 have applied to the Israeli Health Ministry to grow or sell cannabis-related pro ...
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The marijuana war has gone local, and pot advocates are losing — badly
Sunday, 17 September 2017The fight over the legalization of marijuana in Massachusetts isn’t over. But one side has already gone home. Last November, a well-funded and well-organized coalition of advocates led by the nationa ...
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Few Jamaicans in local ganja industry — Dr Lowe
Friday, 08 September 2017There is a negative buzz surrounding Jamaica's budding legal ganja industry. According to Dr Henry Lowe, owner of Medicanja, “It feels like our objective has been to prevent Jamaicans from getting in ...
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Green gold: how China quietly grew into a cannabis superpower
Sunday, 27 August 2017Thanks to government support and a long tradition, China has quietly become a superpower in hemp production and research. This growth has in part been made possible by government-funded scientists wh ...
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Is Canada ready for legal marijuana?
Thursday, 24 August 2017The Canadian government is expected to legalize recreational marijuana by July 2018, in large part to put an end to the extensive and enduring black market for the drug on which currently illicit gro ...
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This cannabis company plans to turn a California desert town into a pot paradise
Friday, 04 August 2017American Green announced it is buying all 80 acres of Nipton, which includes its Old West-style hotel, a handful of houses, an RV park and a coffee shop. Its plans are to transform the old Gold Rush ...
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Forget pot producers - here's a better way for investors to cash in on cannabis legalization
Wednesday, 26 July 2017A big chunk of the capital invested in the flood of cannabis-related startups is certain to go down the drain, and it could take years to wring real value out of the survivors. “There’s no doubt the ...
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California considering creating a state-run bank for cannabis businesses
Sunday, 16 July 2017California government, financial and marijuana business leaders met last week in a far-from-resolved debate over whether a state-run bank could be the solution to the cannabis industry’s banking prob ...
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Cannabis cash conundrum: Some businesses bury money, others truck it to a federal vault
Wednesday, 12 July 2017With recreational use set to become legal next year under Proposition 64, cannabis sales in the state are expected to top $7.5 billion in 2020, up from about $3.3 billion last year, according to data ...
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Canada’s biggest licensed weed producer is losing money
Tuesday, 27 June 2017Canada’s largest licensed cannabis producer seems to have no problem driving in sales, but it is still struggling to get to profit territory. Canopy Growth Corporation (listed as WEED on the Toronto ...
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U.K. tobacco giant gets medicinal cannabis expertise
Tuesday, 13 June 2017Imperial Brands Plc gained the services of a leader in the field of medicinal cannabis as the British tobacco manufacturer seeks to further its push beyond cigarettes. Simon Langelier, a 30-year vete ...
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Federal bills from Colorado legislators seek to shield state marijuana laws, open banking
Thursday, 18 May 2017Colorado federal lawmakers amplified efforts to protect state-enacted marijuana laws and cannabis businesses supporting banking legislation for the marijuana industry. Reps. Diana DeGette and Mike Co ...
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Bob Marley, ganja and the green stuff – is selling Brand Jamaica just a pipe dream?
Wednesday, 03 May 2017When Bob Marley and the Wailers first performed Get Up, Stand Up to a restive 1970s Jamaica, never could they have guessed that the government would be cashing in on their lyrics, their Rastafarianis ...
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Early marijuana sales ‘unbelievably high’ after legalization: U.S. consultant
Sunday, 30 April 2017A U.S. consultant hired by Ottawa to assess Canada’s eventual recreational pot market says jurisdictions that regulate cannabis should expect “unbelievably high” sales growth in the first few years a ...
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New federal bill would allow banking for marijuana businesses
Thursday, 27 April 2017Marijuana businesses can’t openly bank and congressman Ed Perlmutter, D-Colo., is hoping to change that. Perlmutter on Thursday introduced the Secure and Fair Enforcement Banking Act (SAFE Banking Ac ...
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Canada’s plan to be the world leader in legal weed
Thursday, 20 April 2017Cannabis is already big business in Canada. The drug was approved for medicinal use 20 years ago, and almost 30 percent of young adults say they use it recreationally. The world’s biggest marijuana c ...
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Marijuana goes industrial in California
Saturday, 15 April 2017The vast and fertile Salinas valley is often called the salad bowl of the nation for the countless heads of lettuce growing across its floor. Now California’s marijuana industry is laying claim to a ...
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The world’s first pot-focused exchange-traded fund
Monday, 10 April 2017The launch of the world’s first cannabis-focused exchange-traded fund (ETF), on the Toronto Stock Exchange, is welcome news to aficionados of marijuana. As with any ETF, the fund spares would-be inve ...
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Liberals set to table marijuana legislation, but key details need to be resolved
Monday, 10 April 2017The federal government will table a bill to legalize recreational marijuana on Thursday that is expected to tightly control the ability of producers to market their products to the public, federal so ...
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Over-regulation impeding bloom of Jamaican cannabis industry
Tuesday, 04 April 2017Over-regulation of Jamaica’s cannabis industry is deterring farmers from entering the legal market, and impeding development - indicating why drug policies must be tailored to a country’s socioeconom ...
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Big Pharma's anti-marijuana stance aims to squash the competition, activists say
Monday, 03 April 2017As marijuana legalization swept the US in November, Arizona was alone in its rejection of legal weed. There, a pharmaceutical company called Insys was a major backer of the successful campaign to sto ...
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Marijuana industry faces challenge in gaining Canadians’ trust, survey finds
Wednesday, 29 March 2017Marijuana stocks may have leapt higher on the news of Ottawa’s plans to legalize the drug by next year, but the industry is facing an uphill battle in building trust with Canadian consumers, accordin ...
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Pot legalization: Canada doesn’t need another profit-seeking drug industry
Tuesday, 28 March 2017When Canadians have expressed concerns about upcoming cannabis legalization, the government has assured them that the legal cannabis industry will be strictly regulated to protect public health. This ...
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Israel seeks piece of projected $50 billion medical marijuana market
Monday, 27 March 2017Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly growing market for medica ...
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Marijuana stocks drop as Trudeau’s pot czar says Canada won’t rush into legalization
Tuesday, 07 March 2017As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent. Lawmaker Bill Blair -- the former Toronto p ...
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‘Building the airplane while it’s being flown’
Monday, 30 January 2017In the outskirts of Sacramento, a handful of government workers face a daunting task: By next year, craft regulations and rules that will govern California’s emerging legal pot market, from where and ...
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