The date was May 25, 2018. That’s when Canopy Growth Corp (CGC, WEED), the largest cannabis company in the world, graduated from US OTC markets and began trading on the New York Stock Exchange (NYSE).
It was a major win for Canopy – here’s why.
That big injection of credibility set the stage for Constellation Brands (STZ) to ramp its investment in Canopy from $200 million to $4 billion less than 12 weeks later, sending shares soaring into a new all-time high. Continue reading “Hexo Uplist to NYSE to Trigger a Second 100% Gain in 8 Weeks?”
Florida’s law requiring to grow, process and distribute cannabis and related products created an “oligopoly” and runs afoul of a constitutional amendment that broadly legalized medical marijuana in the Sunshine State, an appellate court has ruled. Continue reading “Medical Marijuana: Florida Law Creates ‘Oligopoly’ for Pot Businesses, Court Decides”
CEOs have an insider’s view that is second to none. When they talk, it pays to listen closely. They drop clues that can be used to find great investments. That’s what happened last week with a rock star CEO in the cannabis industry.
Bruce Linton founded Canopy Growth Corp (NYSE: CGC, TSX: WEED) in 2013. Back then, Canopy was only worth $100 million – but in the next six years, Linton grew Canopy into a $15 billion global juggernaut and the largest cannabis company in the world. Continue reading “Former Canopy CEO Loves This Sector Leader – Up 330% in 24 Months”
North Carolina is the latest state considering a ban on smokable hemp, a product that’s exploding along with the health craze surrounding a compound in the plant known as CBD.
Besides federal regulations laid out in the Hemp Farming Act of 2018, the Food and Drug Administration has no additional regulations on smokable hemp, leaving states to figure out how to govern it themselves.
This year, Indiana, Louisiana and Texas banned smokable hemp entirely, while Kansas banned products including hemp cigarettes and cigars. Tennessee prohibited smokable hemp sales to minors. Continue reading “North Carolina Proposes Smokable Hemp Ban as Demand Grows”
The first half of 2019 is over. I’m going to share a cannabis sector review and outline what we should expect in the second half of the year. Cannabis stocks had a solid first half of 2019. The ETFMG Alternative Harvest ETF (NYSE: MJ) gained 28%. Many individual cannabis stocks were up even more. Continue reading “Cannabis Sector up 28% in 2019 – 6 Catalysts for Remaining Year”
A bill introduced in Congress last week aims to help small business owners navigate the ins and outs of cannabis licensing.
The legislation, the Homegrown Act of 2019, would set up a so-called Small Business Association grant program to “provide state and local governments with funding to help small businesses navigate cannabis licensing and employment with a focus on communities most impacted by the War on Drugs,” according to the bill’s sponsor, Rep. Dwight Evans, a Pennsylvania Democrat. Continue reading “Lawmaker Introduces Bill to Help Small Businesses Navigate Cannabis Industry”
Starting July 1, people with Alzheimer’s disease can register for medical marijuana in Minnesota. And once registered, they’ll be able to obtain medical cannabis from the state’s two manufacturers beginning August 1. The Minnesota Department of Health first announced plans to add Alzheimer’s disease as a qualifying condition in December 2018. Alzheimer’s disease is the only qualifying condition Health Commissioner Jan Malcolm approved after a citizen’s review panel proposed adding seven new conditions, including opioid use disorder and traumatic brain injury. Continue reading “Minnesota Alzheimer’s Patients Can Now Register for Medical Marijuana”