Thanksgiving Cannabis Sector Update

First off, happy Thanksgiving! We all have so much to be thankful for and we truly appreciate that you are here for your cannabis news and analysis.

2019 has been a tough year for the cannabis sector. However – we are still extremely optimistic about the sector.

Here’s a quick Thanksgiving update and what we should expect in December and into 2020. Continue reading “Thanksgiving Cannabis Sector Update”

2 Market Leaders Cashing in on Florida’s Cannabis Program

Florida has emerged as the fastest-growing medical cannabis market in the country.

Florida legalized medical cannabis in 2016 – since then, the state’s medical program has been booming.

According to a report from CBS Miami, the number of medical cannabis patients in Florida has more than doubled in the last year, growing from less than 200,000 to more than 400,000. Continue reading “2 Market Leaders Cashing in on Florida’s Cannabis Program”

Thailand Speeds Up Passage Of Laws Permitting Personal Cannabis Cultivation

Thailand is ready to accelerate its fledgling medical marijuana program.

Anutin Charnvirakul, the country’s health minister, said Wednesday that the government will now permit household cultivation of six cannabis plants in an effort to bolster supplies for medicinal products, and provide another potential cash crop for people there. Continue reading “Thailand Speeds Up Passage Of Laws Permitting Personal Cannabis Cultivation”

‘Epidemic’ of Layoffs in California Marijuana Industry

Flow Kana isn’t the only cannabis company forced to make cuts. In recent weeks, companies like Eaze and Weedmaps have also laid off part of their workforce.

“It almost feels like an epidemic of companies of similar size going through similar processes,” Steinmetz said.

The layoffs reflect challenges in California’s fledgling recreational cannabis industry. Voters legalized recreational marijuana in 2016, with sales beginning in 2018. Continue reading “‘Epidemic’ of Layoffs in California Marijuana Industry”

Colorado Cannabis Stock up 137% in 2019 – More to Come?

Colorado is the most successful cannabis market in the United States.

Sales are booming and expected to continue rising. Consumers are happy with safe products at a good price. Business owners are profitable. Politicians have collected more than $1 billion in taxes in five years.

While California’s cannabis industry struggles with over-regulation and high taxes – Colorado has been the shining example of how to successfully launch and manage a recreational cannabis industry. Continue reading “Colorado Cannabis Stock up 137% in 2019 – More to Come?”

4 Signals Canopy Is Ready for 50%-100% Rally

The big talk in the cannabis sector right now is how much cannabis stocks have struggled in 2019.

The cannabis ETF Alternative Harvest (NYSE: MJ) is down 25% in 2019 and 50% from the 52-week high.

Sector leader Canopy Growth Corp (TSE: WEED, NYSE: CGC) led the market lower, down 30% in 2019 and more than 60% from the 52-week high.

Excitement about the booming cannabis industry is at an all-time high. So while this decline has been disappointing for shareholders – it has also created a long-awaited opportunity. Continue reading “4 Signals Canopy Is Ready for 50%-100% Rally”

Senate Hearing To Focus On Marijuana And Health This Week

A Senate committee will convene on Wednesday to discuss marijuana and public health, featuring panels that include witnesses from federal agencies and academia.

The Senate International Narcotics Control Caucus, co-chaired by Sens. John Cornyn (R-TX) and Dianne Feinstein (D-CA), is titled “Marijuana and America’s Health: Questions and Issues for Policy Makers.”

While the panel has released few details about the meeting, the list of witnesses gives some indication about what kind of subject matter will be covered. Continue reading “Senate Hearing To Focus On Marijuana And Health This Week”

Why the Bounce is Back in Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Shares

The path higher has been hampered for Auxly Cannabis Group Inc (OTCMKTS:CBWTF) in recent action, with shares falling back down to retest key support in the $0.55/share area last week. This follows strength over the summer that had rekindled hopes of a coming breakout and some serious catch-up action that would make up for lost ground on a relative basis. However, we may be seeing that hope rekindled once action, given the strong action in the name over recent days. Continue reading “Why the Bounce is Back in Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Shares”