Two Pot Stocks to Hedge Bets on

Alberta’s limit on cannabis shop ownership to 15 per cent of the province’s total number of stores is going up in smoke.

On Nov. 1, the cap imposed by the former NDP government, which also set a maximum number of outlets owned by a single entity at 37, will disappear.

Two years into recreational marijuana legalization, the fledgling market is mature and stable enough to allow a move to reduce bureaucracy and enhance competition, Alberta Gaming, Liquor and Cannabis (AGLC) said in an email.

“Removing the ownership cap is part of government’s red-tape reduction strategy aimed at creating new opportunities for businesses in Alberta and removing unnecessary regulatory barriers,” it said.

Although employment in cannabis manufacturing started to slide in March and continued shrinking through June as some of Canada’s largest producers announced layoffs, not all the official data is downbeat.

Alcanna Inc.'s pot shops will stop selling cannabis products made by Canopy Growth Corp. amid Canopy’s rapid retail expansion into Western Canada, according to a company executive.  

Marcie Kiziak, the head of Alcanna's cannabis retail division, told BNN Bloomberg that its pot stores will stop selling Canopy's wide range of products including dried flower, pre-rolls, vapes, and infused drinks following recent moves onto its home turf.

Canopy said in August it plans to open 10 new stores in Alberta under its Tweed and Tokyo Smoke banners. 

When discussing sustainable cannabis, talk typically leans toward water conservation or energy efficiency. But, there are several overlooked areas of cannabis cultivation that are desperately in need of a sustainability overhaul.

Consider, for example, how much biomass is required to make cannabinoid isolates. Or, have you ever wondered how many outdoor plants are discarded every day due to mold, heat stroke, or wind damage?

Selective breeding could hold the key to addressing some of these issues and developing more resilient, vigorous varieties.

This holiday shopping season will be longer and less traditional than ever.

This year, it’s being ushered in earlier and with far less fanfare.

Many retail trackers will begin their official holiday tracking October 13.

Best Buy’s new “Black Friday” and the start of Amazon’s Prime Day, rescheduled from its July launch due to COVID-19.

Holiday shoppers traditional buying preferences and patterns are shifting, too.

Home Bound

More than 31 million holiday travelers will stay home this year, according to CNN.

Although grandma and grandpa’s house may be only miles away, 47% percent of families report that they have cancelled planned family get-togethers altogether due to COVID concerns.

Are These Pot Stocks Going to Make Gains in The Future?

The latest quarterly report from the Ontario Cannabis Store (OCS) says that the legal industry has reached a turning point.

What Can Pot Stock Investors Look Forward to Next Year?

Shares of cannabis producers soared on the stock market Thursday following the vice presidential debate, during which Kamala Harris announced the Biden administration would decriminalize marijuana at the federal level.

"We will decriminalize marijuana and we will expunge the records of those who have been convicted of marijuana," the California senator (D) said.