While Cyber Monday and Black Friday did deliver solid sales growth, the cannabis industry was on a totally different level.
Joe Milton is the CEO of Baker, a cannabis industry software platform that connects dispensaries and customers with ordering systems, loyalty programs and message services. Baker operates in 175 dispensaries in seven U.S. states and Ontario.
Continue reading “Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday”
Eight U.S. states just voted to legalize medical or recreational cannabis. That is great news for the North American cannabis market. However, I see an even stronger catalyst set to hit in April of 2017. There is a strong probability Canada will be voting on legalizing recreational cannabis consumption. This would be a bonified game changer, giving birth to a $10 billion market almost overnight. This is an event every cannabis investors needs to follow.
Canada’s cannabis friendly legal and regulatory environment is helping its cannabis companies establish first mover advantages in international markets. Case in point – Canopy Growth Corp (CGC), Canada’s largest medical marijuana company, just purchased MedCann, a German medical marijuana distributor for $7.2 million. Germany is the largest economy in Europe. Although Germany legalized medical marijuana in 2005, actual cannabis production is still illegal – all cannabis products must be cultivated outside of Germany and imported into the country. That creates a great opportunity for Canopy to fill the gap. The acquisition should give Canopy a nice revenue jolt but more importantly a platform to expand its footprint across Europe.
As the cannabis industry grows, I expect product branding to become just as important as it is in other consumer industries. Think Starbucks and Jack Daniels. The Trailer Park Boys just inked a deal with Organigram (TSX.V: OGI), Canada’s third largest medical marijuana company, to develop a branded line of marijuana products. I view the partnership as a win for both sides.
Medical Marijuana, Inc. Subsidiary HempMeds® Mexico Begins Distribution of Flagship Product Real Scientific Hemp Oil™ to Colombian Market. Continue reading “HempMeds Mexico to Export CBD Oil to Colombia”
Who can buy and sell pot, where it will be sold, and who gets the profits, all up in the air. Continue reading “Canada: 8 Burning Questions About the Coming Federal Pot Report”
Colorado agriculture officials are taking steps to make industrial hemp — marijuana’s agrarian cousin — more mainstream. They’ve certified three hemp seed varieties, becoming the first state in the country to do so. Continue reading “To Boost Hemp Farmers, Colorado Gives Stamp Of Approval To Seeds”
ANCHORAGE, Alaska — The state has begun receiving its first tax payments from marijuana businesses, one month after the start of legal pot sales in Alaska. Continue reading “Hand over the cash: Alaska collecting first marijuana tax payments from weed businesses”
Thinking about using hemp CBD oil as a substitute for marijuana CBD?
Before making your purchase, it’s important to know that not all CBD varieties are created equal. The key difference lies in the sources of the medicine. Continue reading “Hemp CBD vs Marijuana CBD: What’s the Difference?”
Green Cures & Botanical Distribution Inc (OTO:GRCU) came out strong at the opening of trading on November 29, outpacing most other peers in the directory of approximately 200 stocks we track in the cannabis industry with an early advance of 5.26%. Continue reading “Cannabis Stock Leader: Green Cures & Botanical Distribution Inc Surges 5.26% in Early Trading”