Tag: cannabis

Before election, focus on fundamentals, not emotions, in cannabis investing

Mike Regan Since we last looked at the performance of U.S. and Canadian operators on July 10, publicly traded cannabis companies have seen some interesting stock price trends as candidates running for the top offices in the U.S. take positions on marijuana reform. For a week in October, sentiment improved and cannabis stocks rallied on […]

Nevada cannabis companies face penalties for violations

NEWS BRIEF Published October 23, 2020 Two Nevada marijuana companies might lose their business licenses and incur fines from state authorities for alleged violations of industry regulations. The case appears to represent a new push by regulators to crack down on cannabis companies in the state that don’t abide by all the rules. During a […]

Canadian cannabis sales grow to nearly CA$245 million in August

NEWS BRIEF Published October 21, 2020 Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2.9 billion. Statistics Canada’s retail trade data for August tracked sales […]

Majority of recent Ontario cannabis busts involved medical grows, police say

Ontario’s provincial police service is trumpeting summer and fall seizures of illicit cannabis plants in Canada’s most populated province, highlighting large seizures of marijuana from “52 large-volume illegal operations” between July 1 and Oct. 15. Detective inspector Jim Walker of the Ontario Provincial Police (OPP) organized crime enforcement bureau told Marijuana Business Daily that the […]

West Virginia taps Metrc for medical cannabis seed-to-sale tracking system

NEWS BRIEF Published October 22, 2020 Florida-based cannabis traceability company Metrc added another state contract to its growing list by securing a deal with West Virginia. With this contract, Metrc now supports 15 states and the District of Columbia. “This is an important step to make certain medical cannabis is available only to West Virginians […]

Supply glut grows for Canadian edibles, dried cannabis

The discrepancy between sales of cannabis edibles and inventory in Canada is growing, according to the most recent data from the federal health regulator. In June, roughly 7.8 million packaged units of cannabis edibles were held in stock by federal license holders, provincial distributors and retailers. That compares with sales of 1.1 million units in […]

Two states start medical cannabis sales, MT measure survives, Oregon streamlines licensing & more

Medical marijuana sales began in Missouri after voters approved legalization two years ago. Dispensaries in the St. Louis area reported strong interest as Missouri became the 34th state to launch a full-blown MMJ program. MJBizDaily takeaway: Put another pin in the U.S. map of states that have legalized medical cannabis. The Marijuana Business Factbook estimates […]

Health Canada aims to cut emissions with virtual cannabis inspection pilot

Canada’s federal cannabis industry regulator has launched a two-year pilot project exploring virtual inspections of marijuana production sites, with the goal of reducing carbon emissions. That could ultimately lead to a greater number of cannabis inspections, according to a licensing expert. The project, called “Eagle Eye,” has received 151,753 Canadian dollars ($115,000) in funding over […]

Recreational cannabis brand and product expansion slow in US markets

Marijuana companies are slowing the rollout of new brands and products in what might be the latest sign of market maturity in early states that legalized adult-use sales. This is good news for established cannabis brands as competition for shelf space declines while sales continue to grow. Brand recognition and strong products also will be […]

Oregon streamlines license application process for adult-use cannabis firms

NEWS BRIEF Published 7 mins ago Marijuana regulators in Oregon adopted temporary rules for recreational cannabis business applicants to speed up the process and help ease a licensing backlog. According to a release from the Oregon Liquor Control Commission (OLCC), which regulates licensed marijuana in the state, the rule changes are “intended to provide relief […]