Marijuana Business News

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Fri
04
Jun

Best Practices for Commercial Cannabis Propagation

The establishment of optimal planting stock in cannabis enables the continuous developmental momentum of the crop, from propagation to harvest. Although it may be preferable for cultivators to outsource propagation to specialist nurseries in some cases, many commercial facilities prefer to retain critical cultivation processes in-house. Fortunately, cannabis is easy to propagate through seed germination, or asexually through cloning or liner production.

Fri
04
Jun

There's a Growing Trend of Ancillary Cannabis Vendors Advising on Sustainability Practices

The cannabis industry and sustainability movement have met at a critical intersection, changing the upward trajectory of social responsibility in the industry for good. Driven by evolving environmental regulations, consumer demand, and the best interests of the business, cannabis operators looking to promote sustainable business practices are no longer alone in their venture. Ancillary product and services vendors are supporting operators in new ways.

Fri
04
Jun

Saskatchewan cannabis and hemp companies among group of businesses to receive federal funding boost

More than $11 million in federal funding is en route to businesses in Saskatchewan, in an effort to bolster scale-up and productivity in the province.

Mélanie Joly, the federal minister of economic development and official languages, as well as the minister responsible for Western Economic Diversification Canada (WEDC), announced the funding for 11 projects earlier this week.

Thu
03
Jun

Why the Next Quarter Could Be Tough for Canadian Cannabis Companies

For many Canadian pot stocks, growing sales just isn't a given anymore. Now that the industry is more developed and there are more competitors, companies are getting more aggressive in trying to pad their top lines, like introducing value brands to wrestle away sales from the illegal market and rivals. But that only exacerbates another issue in the industry: A lack of profitability. Many pot producers in Canada are deep in the red. 

Thu
03
Jun

Books, backpacks and bud: Could UBC get Canada’s first on-campus pot shop?

Burb Cannabis is hoping to be a hit with the student body, but first needs the green light to set up shop at a University of British Columbia (UBC) campus.

It is believed that any such approval would make Burb Cannabis the first cannabis retail outlet to be located on university property in Canada, according to Mugglehead Magazine.

Thu
03
Jun

District of West Vancouver votes to allow cannabis stores to apply for business licences

The District of West Vancouver has approved a bylaw to allow cannabis stores to apply for business licences in the municipality.

While the federal government officially legalized recreational cannabis in 2018, municipalities have been developing their own policies to regulate its sale within city limits.

 

West Vancouver's interim policy, approved by council vote Monday evening, proposes to consider allowing a maximum of one store in each of the following town centres:

Thu
03
Jun

Canopy Growth eyes U.S. for profits and growth; investors harbour doubt

When a company reveals a $1.7-billion annual net loss — as Canopy Growth did on Tuesday — then asserts “very high degree of confidence” it will turn a profit in another year, you could be forgiven some doubt.

On the other hand, the Smiths Falls enterprise is capable of delivering surprising story lines. To date these have come in two separate acts.

Wed
02
Jun

Can you get rich from cannabis? We look at the best marijuana investments as weed becomes legal in more states

If you want to earn some extra dough, now may be the ideal time to invest in cannabis. And no, we don’t mean buying edibles in bulk.

2020 was a record year for cannabis. According to Leafly, the legal industry saw over $18 billion in sales – a 71% increase from the year prior.

Wed
02
Jun

Ben & Jerry's ice cream with CBD?

Ben & Jerry’s made a bold new flavor announcement in May 2019: CBD ice cream was coming ... “as soon as it’s legalized at the federal level.”

Two years later, the “groovy” treat still isn’t available to the public, as snack makers continue to wait for a green light from U.S. officials for cannabis-infused foods. But as demand for edibles continues to rise and the market tops the billion-dollar mark, Big Food is getting ready.

Wed
02
Jun

2 Top Canadian Marijuana Stocks To Watch In June 2021

2 Canadian Marijuana Stocks To Watch This Month

Now that June has arrived marijuana stocks are coming off of a nice uptick in trading. The start of May was a bit slow the first week as cannabis stocks were still down. Towards the 2nd and 3rd week of May the sector was a bit more volatile with marijuana stocks going up and down. Keep in mind since February to May marijuana stocks went through a 12-week drop in trading.

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