Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of May 4th – 10th, 2020.Without further ado, let’s get started.* Yahoo Finance readers, please click here to view full article.10. Chairman and CEO of Profitable Cannabis Firm Joins Champignon Brands’ Board of DirectorsChampignon Continues…
You’re reading a copy of this week’s edition of the free New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. Sign up to receive a copy in your inbox each Sunday morning. Friends, In just 17 days, Illinois, with a population of 12.7 million, the sixth highest in the country, will permit […] READ MORE: https://www.newcannabisventures.com/6-reasons-to-be-excited-by-illinois-cannabis-legalization-and-9-stories-from-new-cannabis-ventures/
Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week Welcome to the Cannabis Countdown . In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for … READ MORE: https://finance.yahoo.com/news/cannabis-countdown-top-10-marijuana-140442557.html?.tsrc=rss
With Thailand’s legalization of medical cannabis in February, some experts predict that other Southeast Asian countries may move to decriminalize the plant. Consultancy Prohibition Partners estimates that Asia’s medicinal cannabis market could by 2024 be worth $5.8 billion. At the end of 2018, Canada, the United States, and Mexico agreed on new terms to replace the North American Free Trade Agreement…
(Bloomberg) — The top U.S. cannabis companies are notably outperforming their struggling Canadian counterparts, yet valuations are still held back by their inability to list on the big American exchanges.The divergence was well illustrated by two large companies that reported earnings Thursday night.Green Thumb Industries Inc. became the first U.S. pot company to generate revenue above $100 million and beat…
The week kicked off with shares of Aurora Cannabis Inc. (NYSE: ACB) plummeting after the Canada-based company announced Monday that it would renew its at-the-market offering of up to $350 million in stock and complete a board-approved 1-for-12 reverse stock split.The main objective of the latter move was to drive the share price above $1, which is a requirement to…
Up to now, the restaurant and cannabis industries have had an interesting relationship. When states started legalizing marijuana and the industry really started picking up, restaurants started feeling the strain. As Kevin Burke, General Manager of Denver-based restaurant Morin says, restaurants were already struggling with what was effectively negative fifteen percent unemployment. The growing popularity of cannabis-infused meals strained the…
The last time the world faced anything as life-changing as the Coronavirus was a century ago. The pandemic has shown just how unprepared most countries were for a health crisis of this magnitude. The virus first appeared in Wuhan, China and has spread to all continents except Antarctica. Over 1.3 million individuals have been infected worldwide, with at least 73,000…
If you’ve been paying attention to the news lately, you are aware that the coronavirus outbreak has caused the shortage of some key supplies. Top of the list are probably toilet paper and hand sanitizer. There are all kinds of stories surrounding the hand sanitizer supply; of price gouging, hoarding, using alternate products like vodka… the list goes on. The…
The coronavirus pandemic has affected the cannabis and psychedelics industries in many different ways — some more negative than others.While we continue to see massive layoffs, management shakeups and event cancellations across the board, businesses are struggling to adapt to their new situations, offering delivery services, free access to virtual platforms and more. Many cities have declared quarantines, but deemed…
With skyrocket growth at the advent of more and more U.S. states legalizing medical and recreational marijuana, the total cannabinoid market is projected to reach $44.8 billion by 2024. Disrupting an industry that is disruptive by its very existence is an exceptional challenge. “As the market transitions from a state market to a national market, goods and services will likely…
There are plenty of legitimate operators who actually want to help the industry get over these growing pains, create good and safe products, and beat down the illicit market. It’s been pretty clear over the last year that not everyone has been in the cannabis business to build a thriving new cash crop industry. The stories of startups making claims…