Despite the legalization of cannabis currently underway in Canada, the country will not be decriminalizing any other drugs, according to a government official. Thierry Belair, a spokesman for Health Minister Ginette Petitpas Taylor, told the CBC that the federal government has no plans for further decriminalization. The government announcement comes amid calls from major Canadian cities to remove criminal penalties for the consumption and possession of small amounts of drugs. Continue reading “After Cannabis, Canadian Government Won’t Decriminalize Any Other Drugs”
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen.
So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went public in Canada, where marijuana soon will be broadly legalized nationwide. Continue reading “U.S. Marijuana Companies Go Public in Canada”
Medical marijuana caregivers and cultivators in Michigan can’t process their plants without breaking the law as a result of a Michigan Court of Appeals decision this month, according to cannabis lawyers.
“Wet marijuana” — a loose term for the time between when a marijuana plant is cut and fully dried for consumption — is not covered by state law, according to a Court of Appeals ruling July 19. Continue reading “Michigan Appeals Court Deems ‘Wet Marijuana’ Illegal In Setback”
For those looking for technical and financial performance in the OTC space right now, CV Sciences Inc (OTCMKTS:CVSI) is an interesting case study. Helping to confirm that sense, the company just announced unaudited second quarter 2018 revenue and selected business highlights for the quarter ended June 30, 2018. Continue reading “CV Sciences Inc (OTCMKTS:CVSI) Sets Up a New Report Card”
The Cannabis IPO market just produced another big winner. If my analysis is correct, the next great opportunity is right around the corner.
Tilray (TLRY) is an early leader in the global cannabis industry with a market cap of $2 billion. Tilray just became the first ever Canadian cannabis company to list shares directly on the US-based NASDAQ. Continue reading “Another 63% Gain in 3 Days?”
During the Gold Rush, it was the merchants selling sifting pans who struck it rich and not the legions of 19th century fortune seekers looking for wealth in California’s rivers. Continue reading “Santa Rosa Hydroponics sold to Colorado retail chain GrowGeneration”
Has the U.S. reached the “tipping point” in marijuana legalization? That’s what one CNN commentator said happened last month when, on June 26, Oklahoma adopted medical marijuana through a ballot initiative — making it the 30th state to do so, as you can see in the figure below. Continue reading “Has The U.S. Reached A ‘Tipping Point’ In Marijuana Legalization?”
With a double-digit annual growth rate and products available nation-wide, cannabidiol (CBD) presents the cannabis industry with an opening to mainstream consumers and distribution channels, especially nonpsychoactive CBD derived from hemp. With a broad variety of health claims, CBD products give the industry access to a cross-section of consumers using prescription medications and shopping for supplements, nutraceuticals, analgesics and other OTC solutions. Continue reading “CBD: Don’t Wait For Direction, Move Forward”
Surterra, one of the state’s largest medical marijuana treatment centers, has been forced to stop processing cannabis — halting its production of new items — after it failed to meet a food safety inspection deadline in a little-noticed provision of state law last week. Continue reading “One of Florida’s largest medical marijuana businesses forced to stop processing pot”
Tilray, one of the largest licensed producers of cannabis in Canada, made history today, becoming the first cannabis grower to complete an initial public offering on a US stock exchange.
After the Nasdaq listing went live, Tilray stock price rose more than 20%, raising $153MM.