You are here
Home 🌿 Marijuana Business News 🌿 Goodbye metals, hello marijuana: Mining firms are switching as the lure of commodities fades 🌿Goodbye metals, hello marijuana: Mining firms are switching as the lure of commodities fades
Economic turmoil in China, the world’s second-largest economy andtop consumer of industrial metals, has hit commodity prices hard. For the smaller players in the mining industry, that’s made business difficult, and the future uncertain. The solution for some? Enter a booming field that’s relatively unaffected by China and has plenty of upside: marijuana. A recent Reuters report lists a number of companies that have made the switch:
- Supreme Pharmaceuticals, which was a copper and gold explorer with projects in western Canada, is now seeking a license to grow medical marijuana in Canada and has bought a greenhouse facility in Ontario;
- Australia’s Erin Resources, which was previously exploring for gold in Senegal, has ventured into the medical marijuana business;
- International Goldfields, listed in Australia, has also moved away from mining and is now investing in medical marijuana assets overseas;
- Chlormet Technologies, formerly Newton Gold, now has a pending license to grow medical ...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin