A vote in Congress to ease banking restrictions on cannabis companies is being praised for the possibility the legislation could make operating in the nascent industry much easier and more fair, and for the signal it sends that marijuana is moving toward establishment acceptability. Continue reading “Cannabis Companies: House’s SAFE Act Vote A Milestone”
I see three short-term catalysts for the cannabis sector in the next three months that investors need to know about.
The cannabis sector has been stuck in a nasty bear market for the last six months. The entire sector is down 50%. A string of good news is exactly what cannabis stocks need.
These events could be the catalysts that trigger a big rally. Continue reading “3 Profit Triggers for Cannabis Stocks in the Next 12 Weeks”
When the DEA said it would open up cannabis licenses for producers, it sounded like a saving grace for pot research in America. But a look at past history begs the question, “is it just the latest obstacle?”
The U.S. Drug Enforcement Agency recently announced plans to expand cannabis research in the U.S. In late August, after a years-long hiatus in communications between the agency and potential growers, federal officials said they would soon resume contact with groups that have applied to register to manufacture cannabis for researchers. Continue reading “What’s the DEA’s Announcement Mean for the Future of Cannabis Research?”
CanopyBoulder will be hosting a Startup Weekend on Sept. 27-29, which it defines as a cannabis-related startup “hyperaccelerator.”
Eight startup teams have been chosen to participate in the networking, education, mentoring and pitch competition. In addition, the educational sessions and final pitch competition are open to the public. Continue reading “A ‘Hyperaccelerator’ For Cannabis Startups Is Coming To New York”
Bruce Linton is the founder and former CEO of Canopy Growth Corp (WEED, CGC), the largest cannabis company in the world. Under Linton’s guidance Canopy grew from a market cap of $500 million to more than $12 billion, making Linton one of the most successful CEOs in the history of the stock market.
Yesterday Linton revealed his next moves in the cannabis industry, accepting advisor positions with three companies:
- Gage Cannabis USA: Michigan dispensary chain.
- Better Choice Company (OTC: BTTR): CBD products for pets.
- Mind Medicine: medical psychedelics.
Tryke generated US$70.4 million in Revenue and US$24.6 million in EBITDA in fiscal 20181, making it one of the highest grossing and most profitable private cannabis companies in the U.S. market.
Nevada is one of the largest and fastest growing cannabis markets in the U.S. with 2019 sales estimates of up to US$940 million2; Arizona is one of the largest and fastest growing medical-only markets with estimated 2019 sales of up to US$760 million. Continue reading “Cresco Labs to Acquire Tryke Including the Reef Dispensary Portfolio”
Those hoping to have their marijuana convictions cleared will have to keep waiting.
The state Senate did not vote on Gov. Phil Murphy’s changes to its expungement legislation on Thursday but instead introduced a new bill of its own.
Senators Sandra Cunningham, D-Hudson, and Teresa Ruiz, D-Essex, along with Senate President Stephen Sweeney announced Thursday afternoon they had introduced new legislation to expand expungement. It proposes reforms to expungement eligibility and procedures for clearing marijuana and other qualified offenses. Continue reading “Clearing NJ Marijuana Convictions Stalls Again”
The outlook for the US cannabis industry has never looked better. A recent report from Nielson, an industry-leading research firm, predicts enormous sales growth in the next five years.
In 2018, we estimate that total sales of all legalized cannabis in the U.S. reached $8 billion. With newer recreational markets such as Michigan and Illinois opening up for business in 2020 and more states likely to follow suit, we predict that sales of all legalized cannabis in the U.S. will reach $41 billion by 2025.
Canadian cannabis companies are investing millions to develop e-commerce stores that will eventually help them sell billions in cannabis products in Canada and all across the world.
However, developing and managing a global e-commerce platform isn’t exactly the easiest thing to do. It has taken Amazon more than 20 years to develop into a world-class e-commerce company. Continue reading “Tech Stock Up 160% in 12 Months for Taking Canada’s Cannabis Industry Online”
2019 has been a volatile year for the cannabis sector. After delivering big gains early in the year, cannabis stocks fell into a bear market this summer.
Bear markets are actually pretty normal for the cannabis sector. Cannabis stocks have experienced and recovered from bear markets in each of the last three years. Continue reading “Quick and Easy Way to Diversify Cannabis Investing”