Marijuana Business News

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Fri
17
Jan

Buy These Top Canadian Cannabis Stocks for Market Dominance

Cannabis stocks are facing a year in which they will finally have to put their money where their mouths are. Investors will need to see profitability from the full range of product types, and they will need to see it even before the retail environment is optimized.

While there is some bullishness that a relaxing of the retail stranglehold on cannabis sales will boost top lines this year, patience is wearing thin.

Fri
17
Jan

Ontario Cannabis Store runs out of edibles just hours after online sales began

The Ontario Cannabis Store was entirely sold out of its new edible products about five hours after they went on sale online Thursday morning.

OCS said that at 8:59 a.m. it had roughly 3,000 customers in its "digital lobby" waiting for the new products to become available online.

"In less than half an hour, we were sold out of the soft chew category and other edible products were becoming very limited," OCS communications director Daffyd Roderick told CBC News in an email.

All edibles were sold out by around 2 p.m.

"We now have no edibles available, but still have reasonable stock of vape cartridges and batteries," Roderick said.

Fri
17
Jan

The Race For Canadian Cannabis Retail Dominance Is On

Read entire article here.

Although Canada’s recreational cannabis market failed to exceed expectations in 2019, the market faced significant headwinds, and this is a trend that seems to be abating.

We believe that two main factors will play a key role in how the Canadian cannabis retail market grows from here. These factors are related to the number of open dispensaries and the types of products that are allowed to be sold. In late 2019, the edibles and vape pens were legalized in Canada and we are bullish on the growth prospects associated with this vertical.

Thu
16
Jan

5 of the Most Popular Pot Stocks Won't Be Profitable Until 2022 (at the Earliest)

It's truly incredible what a difference a year can make. Although the launch of dried flower in Canada didn't go as smoothly as expected, the widely held belief, as of Jan. 2019, was that cannabis stocks would be pushing into the profit column by the end of the year, if not early 2020.

However, the reality is that marijuana stocks are, for the most part, nowhere near profitability. In fact, some of the most popular pot stocks have reversed course and are even worse off than they were at this time last year, in terms of their bottom lines. According to Wall Street's consensus, the following five pot stocks have no chance of generating a recurring profit until 2022, at the earliest.

Thu
16
Jan

How To Redesign Your Indoor Grow For Sustainability

For many cannabis cultivators, the strongest impetus to redesign their indoor facility is to ensure sustainability and reduce their carbon footprint. And for good reason: Growing cannabis indoors can be an energy-intensive endeavor and bad for the environment. Cultivating a single crop from seed to harvest is accompanied by literal tons of carbon emissions -- not to mention high energy costs.

But before jumping into a project like this, you should be aware that designing a grow facility can be a complex process that shouldn’t be rushed. Many small yet critical details need to be considered otherwise you may be on the path to serious complications down the road.

Thu
16
Jan

11 Canadian women in weed smashing the grass ceiling

As the pot industry continues to expand, there are endless men and women working behind the scenes making things happen.

We’ve rounded up a list of 11 women making their mark in Canada.

Mimi Lam

Mimi Lam, CEO and co-founder of Superette. Lift & Co

Thu
16
Jan

Seven cannabis leaders in British Columbia you need to know

With the launch of the highly anticipated Cannabis 2.0 — comprising edibles, topicals and concentrates — cannabis is really having a moment right now. And like any budding industry, cannabis has gained many leaders and followers through the various stages of legalization.

British Columbia — the home of the world-famous B.C. Bud, a variety of high quality, premium cannabis — is no different. Here are seven cannabis influencers you need to know.

Dan Sutton

Founder and CEO of Tantalus Labs, Dan Sutton.

Wed
15
Jan

Will These Marijuana Stocks Rebound In January

Almost a decade after marijuana stocks started hitting the mainstream, the industry has been filled with many possibilities. With so many different areas of the cannabis industry, how can we even begin to predict the future? Well, for starters it seems as though some areas of marijuana stocks are growing with more propensity than others. This seems to be a competition between the pure-play cannabis growers, extraction providers, and multi-state operators.

Wed
15
Jan

Arrival of cannabis edibles feeds new opportunities for Calgary businesses

It's been more than a year since cannabis was legalized in Canada, and now new options for its use are hitting the market in Calgary. 

Marijuana edibles became available in some stores across the city on Monday. More businesses will follow suit in the coming days as deliveries will fill the shelves with gummies, chocolates, cookies and mints. 

Queen of Bud in Sunalta was one of a handful of stores to get edibles in stock first thing Monday. The phone was ringing off the hook and customers who stopped by for other products were soon wooed into purchasing candy. 

The most popular item? Pineapple gummy bears.​

Wed
15
Jan

Cannabis edibles now available at some Edmonton stores

It's been a waiting game for cannabis consumers hoping to get their hands on the legal edibles, but the wait is finally coming to an end. 

While not all edibles are legally accessible yet, the first batch of THC-infused edibles such as cookies, gummies, chocolates and a few others started landing in Edmonton cannabis retail shops Monday. 

For cannabis retailers, the delivery of edibles has been met with excitement, but cautious optimism as they brace themselves for potential supply problems that occurred when cannabis was first legalized in 2018.

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