Tag: cannabis industry
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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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Israel moves to decriminalize marijuana use
Thursday, 26 January 2017Public Security Minister Gilad Erdan announces support for new policy for enforcing marijuana use, which favors fines and educational initiatives, with criminal prosecution only as a last resort. The ...
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The next big bubble could be in Canada’s soaring pot market
Wednesday, 07 December 2016The surge of capital into Canada’s nascent marijuana industry has sent stock prices soaring – and brought warnings it’s a bubble that could soon burst. The value of 26 marijuana stocks listed in Cana ...
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Trudeau’s bait and switch on legalization?
Sunday, 04 December 2016Prime Minister Justin Trudeau recently expressed frustration around the current cannabis landscape, explaining, “Until we have brought in the proposed system… the current prohibition stands”, and enc ...
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Donald Trump’s attorney general pick could destroy the recreational pot industry
Monday, 21 November 2016Attorney general nominee Sen. Jeff Sessions (R-Ala.) is a fervent foe of marijuana legalization. But if he were confirmed as President-elect Trump’s top law enforcement official, would he really have ...
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Marijuana reform went 8 for 9 on the ballot this week
Thursday, 10 November 2016Marijuana reform won in eight out of the nine states where it was put on the ballot, the strongest signal to date that the public is ready to embrace change and put the harsh prohibitionist policies ...
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Marijuana legalization won big on Election Day. It will keep winning
Wednesday, 09 November 2016In California voters approved legalization. The country’s most populous state and biggest economy will allow people to buy marijuana for recreational use and, most importantly, let for-profit compani ...
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'Commercialization won out': will legal marijuana be the next big tobacco?
Sunday, 30 October 2016Candi CdeBaca voted to legalize the free sale of marijuana in Colorado four years ago because she thought it would be good for her Denver neighborhood. She hoped that when Colorado became the first s ...
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Pot stock hits record high as more U.S. states press ahead with legalization
Tuesday, 11 October 2016As polls indicate California, Massachusetts, Maine, Nevada and Arizona are poised to approve referendums dramatically expanding legal U.S. cannabis use, investors looking for a play in the burgeoning ...
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American says he wants to protect Jamaica’s natural ganja
Saturday, 24 September 2016Anticipating that original ganja strains are likely to become extinct after the new, legitimate ganja industry opens up in Jamaica, American businessman Mark Santiago has committed to taking equipmen ...
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Overseas backers push ganja co-op for Jamaica
Thursday, 15 September 2016A group of international investors is looking to partner with local interests, particularly small farmers to corner the local and export market for ganja. InCuBis International is working through the ...
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Cannabis industry expected to be worth $50 billion by 2026
Sunday, 11 September 2016The legal cannabis industry in the U.S. may grow to $50 billion in the next decade, expanding to more than eight times its current size, as lawful pot purveyors gain new customers and win over users ...
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In Israel, booming medical marijuana looks to conquer new highs
Sunday, 11 September 2016Israel is a well-known as a pioneer in medical cannabis. This summer, the government approved a plan initiated by Health Minister Yaakov Litzman to relax some of the medical cannabis requirements. Th ...
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Did the DEA just kick open the door for the pharmaceuticalization of pot?
Thursday, 11 August 2016While much ink has been spilled over the last few days regarding DEA’s refusal to recognize marijuana as a medicine and its unwillingness to reclassify it under federal law, far less attention has be ...
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The goal of legalized cannabis shouldn’t be corporate gold
Friday, 15 July 2016As the government crawls towards legalization with the appointment of a task force, my tempered enthusiasm has started to wane, replaced by dismay. I see countless interested parties and stakeholders ...
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The goal of legalized cannabis shouldn’t be corporate gold
Thursday, 14 July 2016Canada has a tradition of overregulation and one can already sense that the government is poised to place a myriad of restrictions on production and distribution of marijuana. Invariably, the more co ...
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The pot law that could be 'deal-breaker for the drug war'
Monday, 04 July 2016California's pot legalization initiative, the Adult Use of Marijuana Act (AUMA), qualified for the ballot in November, setting the stage for a vote that will have ramifications far beyond California' ...
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Who's funding the US cannabis industry?
Thursday, 23 June 2016Funding is one of the biggest challenges for the cannabis industry, which still exists in a legal grey area. Cannabis has been legalised for medical or recreational purposes in 25 states, but remains ...
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The first big company to say it’s serving the legal marijuana trade? Microsoft.
Wednesday, 15 June 2016As state after state has legalized marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all, is still illegal, according to the federal governme ...
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The activists helping illegal pot dealers turn into legit marijuana businessmen
Wednesday, 08 June 2016In California, where voters are expected to legalize recreational marijuana in November, there’s a small, but growing movement to eliminate barriers in the industry for people with pot offenses on th ...
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Jamaica targets billions in taxes from weed
Saturday, 28 May 2016The Government is targeting annual revenue of US$2 billion from the ganja industry when regulations to govern the sector are finally in place. Minister of Science, Energy and Technology Dr Andrew Whe ...
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In the legal weed business, how deep does the “Suits vs. Stoners” schism run?
Sunday, 15 May 2016Cultural conflict rumbles within a nascent industry that was once a countercultural, underground operation. As fancy dispensaries and stylish products proliferate, many in the industry are calling to ...
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