Tag: cannabis industry
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Canopy Growth exits cannabis cultivation on three continents in major international pullback
Thursday, 16 April 2020Canopy Growth is ceasing cannabis cultivation in Africa, Canada, Colombia and the United States in a bid to “improve efficiencies” in its global operations. The company also said it is eliminating 85 ...
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Cannabis bankruptcies start to roll in as pandemic halts financing
Monday, 06 April 2020The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, ...
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Stoners cheered when Canada legalised cannabis. How did it go so wrong?
Sunday, 05 April 2020Two years on, the Canadian cannabis legalisation experiment hasn’t quite turned out as we reformers had hoped. The black market is still vibrant while cannabis stocks have crashed, medical patients s ...
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Missed earnings, misdirection put Canadian cannabis executives in hot seat
Wednesday, 01 April 2020The exodus of cannabis executives in Canada is in full swing after their companies raked up collective net losses exceeding CA$6 billion ($4.4 billion) in 2019, the first calendar year recreational p ...
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Cannabis scientists are chasing the perfect high
Wednesday, 01 April 2020The cannabis business has arrived at a critical moment. Now that pot has become something like a regular consumer product, customers are increasingly seeking the same “proven consistency” they expect ...
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Big cannabis in the UK
Wednesday, 18 March 2020The BMJ has uncovered links between companies, campaign groups and individuals lobbying for wider patient access to cannabis for medical use and a parallel campaign to create a lucrative recreational ...
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'The legal stuff is garbage': why Canada's cannabis black market keeps thriving
Wednesday, 18 March 2020Cannabis may be legal in Vancouver but visitors looking to score are likely to run into a seemingly counterintuitive suggestion: try the black market. Recreational marijuana was legalised across Cana ...
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Gov’t assisting transition of traditional ganja growers to legal industry
Tuesday, 25 February 2020Minister of State for Industry, Commerce, Agriculture and Fisheries, Floyd Green, says the Government, through its Alternative Development Programme (ADP), is committed to assisting traditional canna ...
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A 70/30 split on investment in medical cannabis industry
Saturday, 22 February 2020Minister of Agriculture and Food Security Indar Weir is making it clear that 30 per cent of any investment coming to Barbados for the medicinal cannabis industry must be reserved for ordinary Barbadi ...
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Mboweni says ‘legalize it!’ as he dares cops to arrest him for growing dagga
Monday, 03 February 2020In a series of tweets on Sunday, Finance Minister Tito Mboweni uploaded photos of dagga plants growing on his farm in Limpopo, which he explained were occurring there naturally. The law around cannab ...
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'This was supposed to be reparations': Why is LA's cannabis industry devastating black entrepreneurs?
Monday, 03 February 2020A Los Angeles government program set up to provide cannabis licenses to people harmed by the war on drugs has been plagued by delays, scandal and bureaucratic blunders, costing some intended benefici ...
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FP Dealmakers: ‘There are going to be bankruptcies'
Thursday, 30 January 2020The one thing Bay Street’s top cannabis bankers are all in agreement about is how difficult it has become for the pot sector to raise money over the past six months, be it through debt or equity. Tha ...
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Another cannabis company teeters on the edge
Wednesday, 29 January 2020Last week was a wild one for MedMen, the multistate cannabis retailer based in Culver City, California. As CEO Adam Bierman was getting ready to do a Reddit AMA ("Ask Me Anything") a character named ...
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Cannabis companies could go bust in 2020, industry insiders predict
Tuesday, 21 January 2020What a difference a year makes. Around this time in 2019, the cannabis sector was booming. Investors wanted in and stock prices were skyrocketing. Today, share prices have tumbled and analysts are fo ...
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SA and legal cannabis: profits should be reaped, but like any industry, there are also risks
Tuesday, 21 January 2020South Africa’s cannabis conversation is shifting into a new gear, with Finance Minister Tito Mboweni on the record as pushing for full legalisation. Such a move will be welcome, with plenty of econom ...
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Major Canadian pot companies facing proposed class-action lawsuits in the U.S.
Sunday, 19 January 2020Some of Canada's biggest cannabis producers are facing proposed class-action lawsuits in the United States after investors were hit with steep financial losses in the stock market. At least nine U.S. ...
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Pot industry heads to Davos as stocks rebound: Cannabis Weekly
Sunday, 19 January 2020Tough times in the cannabis industry aren’t stopping its leaders from going to Davos. For the second year in a row, there will be a Cannabis House in Davos, Switzerland this week alongside the schmoo ...
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The Great Cannabis Crash of 2019
Tuesday, 14 January 2020Bad news about the so-called "Green Rush" rolled in slowly at first, picking up steam around the end of last summer. Stocks started to dive. Layoffs were announced. Executives who just months earlier ...
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Birthplace of semi-legal pot risks falling behind U.S.
Monday, 13 January 2020Since the Netherlands decriminalized marijuana in 1976, Amsterdam’s “coffee shops” have become a destination for weed lovers from around the globe. But pot has never been fully legalized in the count ...
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Investors rush to bring weed to the masses
Monday, 13 January 2020Europe's first cannabis exchange-traded fund (ETF), the Medical Cannabis and Wellness ETF, dubbed CBSX, launched in Germany. A joint project of Purpose Investments, a Canadian asset manager, and HANe ...
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Why is medical marijuana a high ranking priority for Thailand's military?
Sunday, 12 January 2020South-East Asia is notorious for its brutal approach to policing drug use and production. But in Thailand change is afoot, as authorities seek to develop a homegrown medical marijuana industry. Its c ...
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Foreign assets could be next on the block for cash-hungry cannabis companies
Friday, 10 January 2020Two years ago, Canadian cannabis companies were racing to scoop up international assets, from swaths of fertile land in southern Africa to cultivation licences in Jamaica and everything in between. N ...
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South Africa's black farmers fight to enter marijuana market
Wednesday, 08 January 2020Following the Constitutional Court's decision in 2018 to decriminalize the personal use and cultivation of cannabis in South Africa, there are concerns on the ground that black farmers who have been ...
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'There's just no money coming in': Cannabis sector bracing for wave of insolvencies in 2020
Tuesday, 31 December 2019Cannabis industry insiders are bracing for a slew of bankruptcies in the coming year as small and medium-sized companies low on cash struggle to raise funds in the downtrodden sector. “We have had a ...
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Why Canada's cannabis bubble burst
Sunday, 29 December 2019When Canada legalised marijuana just over a year ago, it seemed like anyone who was anyone wanted to break into the market. The media nicknamed the frenzy Canada's "green rush", as investors like Sno ...
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America’s marijuana growers are the best in the world, but federal laws are keeping them out of global markets
Friday, 27 December 2019After 20 years of experience, legal marijuana growers in the U.S. have a reputation for creating the best product in the world, scientifically grown and tightly regulated for quality and safety. The ...
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Peak pot? Thick haze dulls hype around cannabis startups
Monday, 16 December 2019The hype around cannabis startups in recent years intoxicated many investors. But poor balance sheets and plummeting share prices has made the comedown hard to stomach. By October, it became clear th ...
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Inside the billion-dollar race to patent cannabis
Monday, 09 December 2019The U.S. Patent and Trademark Office (USPTO) has already issued several patents for specific kinds of cannabis and for more wide-ranging “utility patents,” but so far they’ve gone unenforced and unno ...
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CLA issues 50 cannabis licences in two years
Sunday, 08 December 2019The four-year-old Cannabis Licensing Authority (CLA) reached another major milestone last week by issuing its 50th licence for medicinal use of the drug. The 50th licensee is Outlier Biopharma, a Mon ...
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‘B.C. bud’ cannabis still underground, John Horgan hopes to rescue it
Monday, 02 December 2019British Columbia used to supply half of Canada’s marijuana, export it to the United States by the hockey bag, and bring home a bong-full of blue ribbons for its exotic “B.C. bud” strains from interna ...
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Inside the Walmart of weed
Saturday, 23 November 2019With Canada the largest nation to completely legalize marijuana, the world’s most valuable pot company, Canopy Growth Corp., founded in 2013 and now worth about $6.4 billion, is one of the most contr ...
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De Caires has high hopes despite pace of Cannabis Commission!
Sunday, 17 November 2019Andre De Caires of the Cannabis Movement of St. Lucia is not satisfied with the pace at which the recently formed Cannabis Commission is working. The commission’s mandate is to “consult and provide a ...
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Battered cannabis investors still seek bottom after Canopy plunges
Friday, 15 November 2019Canopy Growth Corp. led another mass selloff in the Canadian cannabis space after an earnings miss had investors once again looking for a bottom in the battered sector. Both retail and institutional ...
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Canadian cannabis group appeals to Trudeau to help fix industry challenges
Friday, 15 November 2019An industry group representing Canada’s biggest cannabis companies is appealing to Prime Minister Justin Trudeau to help address some of the industry’s most persistent challenges. In a letter sent to ...
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Government throws its weight behind medical cannabis sector
Wednesday, 13 November 2019With the issuance of a wide-ranging ministry report on the medical cannabis industry, Israel is for the first time making clear its intention to back the burgeoning sector, according to a ministry of ...
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Cannabis in Thailand: How far will the green gold rush go?
Thursday, 07 November 2019Thailand made headlines all over the world last December when it became the first country in Southeast Asia to legalize cannabis for medical use and research purposes, sparking a race to cash in on w ...
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Reasons marijuana legalization seems to be failing
Tuesday, 05 November 2019When it was first proposed, the concept of marijuana legalization seemed solid enough. Take the world’s most popular illicit substance, establish a taxed and regulated marketplace and watch all of th ...
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All dried up: How Bay Street cashed in on the cannabis frenzy before the carnage
Friday, 01 November 2019The warning signs were there all summer, but it wasn’t until the first business day of September that the reckoning arrived for Canadian cannabis companies in need of money. There were already clear ...
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Glimmer of hope for cannabis industry as talks continue with US
Thursday, 31 October 2019Permanent secretary in the Ministry of Investment, Commerce, Agriculture and Fisheries Dermon Spence has indicated that there could be headway in sight for the difficulties with banking for the local ...
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As Russian money poured into cannabis, Giuliani allies scrambled to partake
Wednesday, 23 October 2019Federal law still treats cannabis as an illegal substance, and traditional banks have been wary of getting involved. Wealthy financiers have moved in to fill the void — including a growing cast of in ...
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Small-scale outdoor growing is firing up Legalization 2.0
Wednesday, 23 October 2019Mark Spear might be a thorn in the side of the Canadian weed industry. Or he may be a heel. He certainly stands out when it comes to gently pissing off the ones writing the rules on the Green Mile of ...
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South Africa’s budding cannabis industry is waiting for regulations to catch up
Sunday, 20 October 2019South Africa’s budding cannabis industry has made huge strides over the last year since the Constitutional Court upheld South Africans’ right to privacy in September 2018, ruling that individuals sho ...
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A year in the weeds: Why the cannabis industry didn't take off the way everyone planned
Tuesday, 15 October 2019Dozens of legal cannabis producers, backed by billions in investor capital, were expected to put the black market on its heels, launching Canada to the forefront of an expanding global industry with ...
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Jamaica joins global stock markets in bracing for impact of Cannabis Banking Bill
Friday, 11 October 2019The Jamaica Stock Exchange (JSE) has joined other stock markets across the globe in bracing for the impact of the Cannabis Banking Bill, which is currently before the US Congress. Having already been ...
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Canada’s cannabis colonialism
Wednesday, 09 October 2019Canadian weed companies have their eye on a massive prize: the lucrative medical and adult cannabis markets that are emerging around the world. Much of the hype around corporate cannabis is linked to ...
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Feeling burned: The first year of legal cannabis has been a complete disaster for investors
Wednesday, 09 October 2019The legalization of cannabis in Canada was supposed to be a catalyst — the most powerful one yet, investors and analysts alike thought — that would launch companies in the young but potent industry t ...
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Facing stiff competition, will Colombia's marijuana industry go up in smoke?
Monday, 07 October 2019Cannabis company Clever Leaves has only managed to export a few marijuana derivatives because of the tight regulations threatening to choke Colombia’s ganja industry. Colombia was one of the first co ...
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'No plantation mentality!'
Thursday, 03 October 2019Noted cannabis advocate Ras Iyah V has issued a warning to prospective overseas investors who may have intentions of exploiting small ganja farmers to line their own pockets. "Don't come with the sug ...
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Mexico could have state-owned cannabis company
Wednesday, 02 October 2019The coordinator of the MORENA party at the Lower Chamber Mario Delgado Carrillo presented an initiative for the creation of a legal market for the purchase and sale of marijuana with the creation of ...
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Strike cannabis off Controlled Substances Act
Monday, 30 September 2019Cannabis guru Ras Iyah V says the time has come for developing nations, including those of the Caribbean, to collectively lobby the US to strike cannabis from its Controlled Substances Act. “It is im ...
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