Tag: cannabis industry
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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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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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