I don’t blame any small business owner for scrutinizing expenses and pushing away salespeople touting their latest and greatest product. I’ve been there. My keep-your-hands-off-my-tiny-pile-of-cash approach saved me time initially, but I also missed opportunities where I could have spent money to make money and run my business more effectively.

The pandemic has completely changed the way that most markets in the world work. Instead of being able to go out to the store and buy supplies, people are turning to alternative methods. Furthermore, people are finding new distractions during this time, including a growing number of people that are trying marijuana. Between legalization and increased stress, people love the opportunity to buy marijuana. We’ll show you how the demand for this product and others have increased. 

Marijuana Sales Records During the Pandemic

Buzzworthy news that can lead to more investing exposure is exciting for under-the-radar companies. On April 20 -- which just happens to be known as an unofficial marijuana holiday -- Auxly Cannabis Group (OTC:CBWTF) began trading on the Toronto Stock Exchange (TSX). But make no mistake, this is not a new company, and not a first listing.

Auxly has been around since 1987, and has traded on the TSX Venture Exchange (TSXV) since 2017 as Cannabis Wheaton Income Corp. It changed its name to Auxly in 2018, and has traded on the U.S. over-the-counter (OTC) market. Will its new listing on the TSX be the launch pad that propels an investment rocket?

Statistics Canada released February retail sales for the country this morning, with cannabis sales growth decreasing sequentially. Sales of C$263 fell 5.9% from January (three fewer days), which had declined  6.0% from December levels, and rose 74.4% from a year ago. Note that the month was a day shorter than a year ago. This was the slowest year-over-year growth since adult-use sales commenced.

For the second month in a row, national cannabis sales continued to decline after peaking in December 2020.

The latest figures from Statistics Canada show that sales remain up year-over-year, however, with Canadians purchasing just under $263 million worth of legal weed in February.

The sales represent a 74 per cent increase, year-over-year.

2 Marijuana Stocks Investors Are Watching Heading Into May

As marijuana stocks start to pick up in trading are investors taking profits? Marijuana stocks like MariMed Inc (MRMD Stock) and Planet 13 Holdings Inc (PLNHF stock) have started to pull up in the market. With this, some investors have taken small profits while others are holding their position. The reason for this is because some investors feel a bigger climb is due to happen sooner than later.

To say the cannabis industry has experienced change over the past few years would be a serious understatement. Every element — from growth engineering and legalization to marketing and delivery — seems to be witnessing a revolution.

However, cannabis packaging is undergoing one of the most significant changes. As cannabis products receive more mainstream attention, retailers and packaging organizations are shifting their focus from mere shelf-presence to brand identity. 

To say 2020 was a wild ride would be an understatement.

Between a global pandemic, renewed calls for civil rights, and a dramatic election season, it was a true roller coaster of emotions.

One thing however remained clear: the cannabis community is one of resilience, inclusion, and humble passion for the plant. 

Cannabis & Tech Today has opted to declare the consumers Innovators of the Year, as they are the true driving force behind everything the industry does — and continues to strive for.

Here’s our love letter to the folks who inspire all of us to raise the bar every day and fight for safe access across the country until full legalization is finally a reality.

Cannabis growers need to have an adequate supply of materials on hand once planting season rolls around. They can’t scramble at the last minute to find necessary fertilizer, growing materials or anything else. Not only will that slow their operation, but it also could lead to ill-advised purchases for too-high prices or buying something cultivators don’t really want.

“Grow inputs are like commodities, so commercial growers that shop early and buy in bulk will realize the greatest savings,” said Ryan Douglas, a Florida-based cannabis consultant and former master grower at Tweed, a major cannabis producer with headquarters in Ontario, Canada.

As earnings season kicks into high gear, analysts are closely following the numbers that are reported by some of the best known cannabis companies. 

Expectations are high for cannabis companies and the market has responded negatively to high-profile operators that reported numbers which missed expectations.

Aphria, Inc. (APHA.TO) (APHA) was one of the first Canadian cannabis producers to release quarterly financial results. During the conference call, the management team highlighted the risk of price compression in Canada and this comment put additional pressure on Canadian cannabis producers.