If New York Goes Legal, This Stock Should Soar

Cannabis investors looking for the next big thing need to keep a close eye on New York.

New York Governor, Andrew Cuomo, has made legalizing recreational cannabis one of his top priorities in 2020. Here are some more details from MJbizdaily.com.

New York Gov. Andrew Cuomo on Wednesday promised to legalize recreational cannabis in the state as part of his 2020 agenda. Continue reading “If New York Goes Legal, This Stock Should Soar”

Canopy Jumps 32% in 2 Weeks: Time to Buy?

Canopy Growth Corp (WEED, CGC) is the undisputed king of the global cannabis industry.

The Canadian juggernaut is the largest cannabis company in the world with a market cap of more than $8 billion and, in 2018, landed a $4 billion investment from Constellation Brands (STZ), one of the largest alcohol distributors in the world.

Despite the impressive resume, Canopy struggled in 2019.

After charging higher in 2016, 2017 and 2018 – Canopy shares fell 35% in 2019. Continue reading “Canopy Jumps 32% in 2 Weeks: Time to Buy?”

A Look Back at The Campaign to Regulate Marijuana like Alcohol

Decades ago, the U.S. government enforced efforts against alcohol the same way as marijuana with the American Prohibition Act. The bill taught the residents that they would never win the long and futile war against alcohol since people would want to drink in the long run. Consequently, many people argue that marijuana is more benign than alcohol, so the government should regulate and publicize cannabis use like alcohol. Continue reading “A Look Back at The Campaign to Regulate Marijuana like Alcohol”

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”