According to Marijuana Business Daily estimates, Nevada’s recreational market could generate $75 million or more in sales this year and $450 million to $550 million annually down the road. Tourist spending is expected to account for a heavy portion of sales. Continue reading “Nevada marijuana sales could reach $550M annually”
In the US, we’ve seen a marked drop in opioid overdoses in legal states, prodding the question of whether patients are replacing their prescription medicines with cannabis. Recent survey data collected from patients enrolled in Canada’s MMPR program indicates this may be more than just a correlation. Continue reading “How Many Prescriptions Are Replaced by Cannabis? Canada Study Explores an Answer”
The marijuana industry, and marijuana stocks for that matter, have been expanding by leaps and bounds over the past two decades. What was once a completely taboo industry has become a thriving source of legal growth, at least in some states. Continue reading “Cannabis’ impact on the brain in this new study should encourage marijuana stock investors”
As the youth grow up, they are warned about the “dangers” of marijuana and other substances. The supposed danger, as echoed by many, is that marijuana makes people become unkempt, irresponsible, lazy and ultimately, running-on-the-streets-naked (that is, madness). Some religious preachers go as far as to say that marijuana users are hell-bound. Continue reading “Nigeria: Of drug war and marijuana’s business value”
In response to Attorney General Jeff Sessions calling marijuana ‘slightly less awful’ than heroin, country legend Willie Nelson suggest he try it, to see if it were true. Continue reading “Willie Nelson suggests Attorney General try marijuana”
First-quarter earnings season is almost over. And the cannabis sector has been knocking it out of the park.
A lot of the stocks that we have covered over the last few months have stepped up and delivered excellent results.
In terms of pure growth, the best report I’ve seen came from Aurora Cannabis (ACBFF), one of the largest medical cannabis companies in Canada
Revenue jumped 2,500% from the same period last year to $5.2 million and was up 33% from just last quarter.
On Friday morning, South Dakota prosecutors are expected to offer their opening arguments in a long-awaited trial against Eric Hagen, president and CEO of the Colorado cannabis consultancy Monarch America.
If convicted, Monarch America CEO Eric Hagen could face up to 15 years in prison for helping the Santee Sioux tribe set up their grow. Continue reading “Cannabis Trial of the Year Opens in Flandreau, South Dakota”
The commission that oversees Maryland’s fledgling medical cannabis program voted Wednesday to award the state’s first full license to grow marijuana for medicinal purposes.
The stage two license, awarded to Forward Gro LLC, is a final sign-off from regulators for putting plants in the ground. The company will still have to wait for dispensaries to be fully inspected and licensed before it can sell cannabis products to approved patients, which it hopes to do by late summer or early fall. Continue reading “Maryland just got its first licensed grower of medical marijuana”
Republican and Democratic senators on Wednesday renewed their drive to make banking easier for marijuana-based businesses in those U.S. states where the drug is legal, undeterred by signals from the Trump administration about maintaining tough marijuana restrictions nationally. Continue reading “US senators from both parties try to ease banking for marijuana businesses”
Sales of most medical marijuana products from Hydropothecary Corp. will resume after the Gatineau medical marijuana grower announced that it had recalled products affected by the discovery of trace amounts of an unapproved pesticide. Continue reading “Gatineau medical marijuana company recalls tainted products, resumes sales”