As of midday on April 2nd, marijuana stocks have so far had quite a rally. Top companies in the industry such as Tilray have shot up by as much as 12% during the day, before climbing back to a respectable 2% gain. Many of the deductions being made about the cannabis industry have been on a short term basis. This…
The cannabis industry has an undeniable packaging problem, and the packaging companies that serve both retailers as well as growers are jumping in headfirst to help green up the segment. We touched base with STO Responsible, a cannabis packaging company in Denver, CO, to discuss how they are helping growers and distributors overcome the tendency to swath legal cannabis products…
It is no secret that the coronavirus pandemic has sent shockwaves throughout the global economy. Many industries are doing their best to limp along as much as reasonably possible, while other industries have been shut down entirely. One industry that seems to be adapting to the situation better than others is the emerging global cannabis industry, and that’s likely not…
It was roughly one year ago that pot euphoria peaked. By the end of the first quarter of 2019, the Horizons Marijuana Life Sciences ETF was up more than 50% on a year-to-date basis, and over a dozen popular pot stocks had advanced at least 70%. With high-margin derivatives (edibles, infused beverages, vapes, concentrates, and topicals) expected to be launched…
Canadian cannabis company CEOs have been making big pay packages over the last few years coinciding with net losses. But, they have not been disclosing details required by Canadian law about who they employ to come up with the pay formulas and how much these consultants are paid. A review of Canadian public filings by Cannabis Law Report has found…
The efforts of front-line retail and production staff at Delta 9 Cannabis Inc. are being recognized with extra pay. As essential workers across the continent grapple with employers to ensure safety and be fairly compensated for extra hours and increased health risks, the Canadian cannabis company is initiating a “grateful pay.” With company operations remaining open during the coronavirus outbreak,…
As Covid-19 continues to spread, it is creating many unfamiliar challenges. As we are all doing our part to continue social distancing, many of us find ourselves stuck at home with no gym or exercise activities to maintain good health. Luckily, GGS is expanding their product lines to help with this new demand for indoor home gym equipment. After…
Investment safety is something that is hard to come by in the current state of the cannabis industry. With the coronavirus taking its toll on all world stock markets, it seems as though now is a difficult time to be an investor. But, this does not mean that the potential of pot stocks is less than before. Rather, we have…
Inventory data from the Ontario Cannabis Store’s online store shows that the sales bump seen earlier in the month may have trailed off after taking stock over the past weekend, BMO Capital Markets analyst Tamy Chen said in a report released on Tuesday. For example, inventory levels of dried flower on the OCS website fell by 13,000 items during the…
The Pontiac Group is used to adapting quickly. The First Nations owned and operated socio-economic development firm, which fosters on-reserve business opportunities, navigated the first community benefits agreement signed between a cannabis company and a First Nations community in Canada in 2015, three years ahead of federal legalization. More recently, they’ve been pushing Health Canada to evolve the regulations around…
Canadians are being encouraged to stay home as much as possible amid the COVID-19 pandemic. But cannabis-loving Ontarians have had to venture outdoors to a brick-and-mortar pot shops if they wanted to receive their weed in a timely manner this week. The Ontario Cannabis Store (OCS) has announced planned service delays associated with shipping products to clients. “With the end…
The products that have been flying off the shelves during the COVID-19 pandemic are, more or less, what you might expect. The dearth of toilet paper has been well-documented. Canned goods are the focus of most grocery store trips. So too are cleaning supplies. But cannabis — something that was illegal less than two years ago, and remains federally illegal…