Marijuana Business News

Synonyms: 
stocks
business
Wed
22
Jul

How The Cannabis Industry is Pushing The Limits of Digital Payments

The gears of automated delivery management were in motion long before the arrival of Uber and other sharing services. Tech behemoths like Amazon had already shattered the glass ceiling on next-day delivery, but their buffet of consumer products was missing many of the smaller markets. 

Both a product of compliance and payment issues, large corporations like Amazon simply didn’t offer the delivery of products like marijuana. Only four years after Proposition 64 in California, the bespoke delivery market for cannabis products remains ripe for disruption, with the lack of a major player leaving a void. 

Wed
22
Jul

This interim solution to the Health Canada-rejected Trailer Park Buds packaging is actually quite on-brand

The company behind the embattled Trailer Park Buds brand, which was

Wed
22
Jul

Province to take $180M hit on ending pot delivery, pickup: Ontario Chamber of Commerce

Ontario stands to miss out on about $180 million in economic activity if the province's 100-odd privately-run cannabis stores aren't allowed to provide delivery or curbside pickup services, according to estimates from the Ontario Chamber of Commerce. 

However, that figure balloons to nearly $1 billion in losses if that includes the additional 450 stores which are ready to open, but whose licence applications are pending approval by provincial regulator, the business group said. 

"This is coming from a time when the economy is grappling with the impact of COVID-19 measures," Daniel Safayeni, co-chair of the Ontario Chamber of Commerce’s Ontario Cannabis Policy Council, told BNN Bloomberg in a phone interview.

Tue
21
Jul

Indigenous producer Nations Cannabis to supply 65 pot shops in BC

n emerging Indigenous cannabis producer says its products will soon be on the shelves of 65 British Columbia pot shops, making it the first partnership of its kind in the province.

Last week, Nations Cannabis said it signed a memorandum of understanding with the Association of Canadian Cannabis Retailers, which represents 26 B.C. weed retailers that operate 65 private stores throughout the province. The projected value of the agreement is $28 million in the first year, and $96 million by year three, according to the press statement.

Mon
20
Jul

Aurora to close some European offices, lay off staff in latest restructuring move

Aurora Cannabis Inc. is closing some of its European operations as the cannabis producer opts to consolidate its presence in the continent amid soft demand for medical pot, according to an internal memo obtained by BNN Bloomberg. 

Aurora told its employees last week that it will shut its offices in Portugal, Spain, and Italy while reducing its European workforces by one-quarter in select countries and its regional office, the memo said. The Edmonton-based company will shift its European headquarters from Germany to its Denmark office while acquiring the remaining 49 per cent of its Danish business that it doesn't already own, the company said. 

Mon
20
Jul

5 Cannabis Catalysts for the Remainder of 2020

As any marijuana stock investor can tell you, the past 15 months haven't been pretty for pot stocks. Since April 2019, the vast majority of cannabis stocks have lost 50% or more of their value as growing pains have taken shape. In Canada, supply issues have led to everything from shortages to bottlenecks. Meanwhile, high tax rates on legal product in the U.S. have ensured that black market demand remains robust.

Mon
20
Jul

Canada Marijuana Dispensary Count Tops 1,000 For the First Time

In less than two years after the country legalized recreational cannabis, Canada has reached an important milestone. According to a report in BNN Bloomberg, the country's dispensary count crossed the 1,000 mark as of July 17, landing at 1,010.

Of all the country's provinces and territories, Alberta in the West has the highest number, at 494. No. 2 is the province where some of the highest-quality Canadian cannabis has traditionally come from, British Columbia (211 dispensaries).

Fri
17
Jul

Halfway Through July And Marijuana Stocks Are Looking Good

How July has Set a Stage For Pot Stock Growth Into the Future

Fri
17
Jul

Cannabis production as extraction and distillation technologies advance

MCN explores the evolution of cannabis production as extraction and distillation technologies advance.

Fri
17
Jul

One of Canada’s oldest medical cannabis dispensaries was just raided… again

On Wednesday morning, the Victoria Police Department and the Community Safety Unit (CSU) raided the Victoria Cannabis Buyers Club, a longstanding institution that has been providing medicinal cannabis to those in need for almost 25 years. 

Pages

Subscribe to RSS - Marijuana Business News