Marijuana Business News

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stocks
business
Wed
15
Jan

Eight cannabis products you can get in Alberta

Cannabis has been legal for over a year now. But edibles, topicals and extracts are fresh on the market. So why not ring in the new year with the best of them?

Alberta Cannabis is the province’s only legal online store for recreational cannabis. Here’s a selected variety of prerolls, flowers, oils and softgels, some rich in CBD or THC, or some simply a funky hybrid for you to choose from!

Check out the official website of Alberta Gaming, Liquor & Cannabis (AGLC) for more options. 

Prerolls

Highlands by Tweed

1 preroll for $12.49

Wed
15
Jan

New Brunswick receives eight proposals to privatize cannabis sales

The New Brunswick government has received eight responses to a request for proposals for the operation, distribution and sales of recreational cannabis in the province.

The government issued the call for proposals in November, saying that losses incurred by Cannabis NB — the provincial cannabis corporation — persuaded the government it was time to turn to the private sector.

Finance Minister Ernie Steeves says the interest shows entrepreneurs are ready to invest in New Brunswick.

The province received two proposals each from companies or groups in New Brunswick, Ontario, and Alberta and one each from companies in Nova Scotia and British Columbia.

Tue
14
Jan

Manitoba gobbles up all the legal edibles in sight, but analysts wary of future of new products

Edibles are flying off the shelves in Winnipeg, but analysts warn that it’s too early to tell whether the tasty new treats will prove filling or leave a bad taste in the mouth.

Cannabis-infused edibles, extracts, beverages and topicals became available in the province — and most of the country — on Dec. 17, although they have been hard to come by since then.

“We have been kind of cyclically selling out of these products,” John Arbuthnot, CEO of Delta 9 cannabis stores, told CBC. “Anecdotally, I mean, it was a very positive reception.”

Tue
14
Jan

N.S. finance minister cites supply issues as cause of edibles sales slump

Sales of cannabis-infused edibles have been slow to start at Nova Scotia Liquor Corporation (NSLC), but that’s mostly thanks to a lack of supply as opposed to a lack of interest, according to the provincial finance minister.

The NLSC received its first shipment of the second-wave cannabis products in late December, shortly after they became legal for retail sale and before many other provinces. Despite their prompt arrival on the scene, however, the products haven’t exactly been the pot of gold that many expected for the Crown corporation.

Tue
14
Jan

Could craft cannabis be southern Alberta’s newest cash crop?

Cannabis 2.0 is coming soon to Canada — and one Alberta business hopes to be on the ground floor of this growing industry.

“We’re trying to reduce the risk and eliminate the barriers of entry that many people are having trying to get into the cannabis business,” said Lindsay Blackett, CEO of the Grasslands Taber Collaborative, a 60-acre business incubator focused on premium craft cannabis and hemp production, processing, and promotion.

“It’s a very complex, regulated market, and it’s an expensive market to get into. It’s really hard to get in for anything less than $1 million.

Mon
13
Jan

The 10 Largest Marijuana Stocks in 2020

Last year was supposed to be when marijuana stocks proved their worth to Wall Street by translating substantial sales growth into recurring profits. Unfortunately for these companies, and their investors, it didn't work out as planned. Supply issues throughout Canada and high tax rates in a number of legalized U.S. states dumped fuel on the fire that's allowed the black market to thrive. The end result was that pot stock investors were creamed.

Mon
13
Jan

3 Resolutions Cannabis Investors Should Make for 2020

The cannabis industry has taken investors on a roller coaster ride over the past couple of years. And while some investors earned terrific profits, many incurred significant losses. Finding a middle ground can be difficult, but there are ways cannabis investors can protect themselves and minimize their level of risk to the industry while still taking advantage of its attractive growth opportunities. Below are three things cannabis investors should strive to do in 2020 when investing in pot stocks:

Mon
13
Jan

Too many producers: Analyst says market needs some pot growers to go out of business

A cannabis conference brought bright, smiling young entrepreneurs to Vancouver this week but also analysts warning that the fledgling industry can expect more tough times in 2020.

Many vendors at the Lift & Co. Cannabis Business Conference & Expo were talking Friday about “Legalization 2.0,” the second phase of the federal government’s regulation of recreational cannabis that brought edibles and extracts to store shelves around Christmas.

But after months of layoffs, facility shutdowns and tanking stocks, those products won’t be enough to save the industry, analysts warned.

Mon
13
Jan

Charlottetown company finding success selling cannabis edibles

Cannabis edibles hit the P.E.I. market on Dec. 18 and a Charlottetown company that produces them says staff have been racing to keep up with demand.

Dosecann is busy producing cannabis gummies and chocolates to shell out to Islanders and the rest of Canada.

"This building has literally gone from first gear to sixth. We're racing as if we're a Formula One team," said David Baranowski, director of technology, transfer and quality control.

Cannabis edibles are limited to a maximum of 10 milligrams of THC per retail pack.

Baranowski said the biggest challenge for the company is identifying its own capabilities, and what the interest is of the market in general.

Mon
13
Jan

From high-end to high-tech, budding cannabis companies undeterred by volatile start to legalization

The halls of Canada's largest cannabis expo are lined with pot-infused businesses that are about as diverse as the strains you might find at your average government-run dispensary.

On one end, exhibitors at Haven Street — a shop whose branding resembles that of a high-end perfume shop — promote their line of cannabis teas.

On the other, engineers demo a high-tech device that analyzes the quality and strain of buds by "smelling" them, and then transmits the data to an app on your smartphone. It's like Shazam for weed.

"When you consume your cannabis, you want to make sure there's no undesired components, no mould," said Adi Naali, co-founder and CEO of Quana, the company that developed the gadget.

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