The hemp industry prides itself on being more sustainable, but behind that image there’s still waste and room for improvement. In theory, farming hemp should not be considered damaging to the earth at all. In fact, hemp can be regenerative to the soil on which it’s farmed. Yet due to the dramatic consumer demand that companies are rushing to meet,…
More and more countries decide to legalize cannabis and give entrepreneurs a chance to make money and keep the economy. In 2019, the marihuana stocks were supposed to prove their worth on Wall Street by generating steady profits. However, things didn’t go according to the plan. Many investors missed opportunities due to high tax rates and supply issues in the…
Since the beginning of the year, marijuana companies have seen dramatic declines due to concerns regarding oversupply in Canada and the uncertainty of legalization in the U.S. Year to date as of June 28, the ETFMG Alternative Harvest ETF (NYSEMKT:MJ), an exchange-traded fund tracking the performance of pot stocks, has declined by more than 25%. During the same period, the S&P 500…
Canadians are clearly in love with cannabis, but not all provinces were created equal when it comes to permitting pot. While the historic Cannabis Act applies to all provinces, the rules around distribution and consumption fall to the provinces — and municipalities have some say on it, too. That’s why for Canada Day, The GrowthOp takes a look at the…
The legal cannabis market is growing exponentially every single year. Experts estimate that the industry will be worth more than $73.6 billion by 2027. Despite its popularity, this swiftly growing sector is missing out on one of its biggest potential markets — e-commerce. Can you sell cannabis online? Let’s take a closer look at what it takes to sell cannabis…
It’s been almost two years since Canada legalized cannabis and pot producers have spent millions of dollars marketing their wares in the hope that consumers would know their Tweeds from their Trailblazers. Most of that money may have been completely wasted, according to a new survey that looks at how well Canadians can identify some of the brands available at…
The legal cannabis market in Ontario is set to explode in the coming months, as the province takes a free-market approach to the fledgling industry. Here in northern Ontario, Greater Sudbury has six stores in the application process or already operating, while Sault Ste. Marie has five and North Bay has seven. With a population in North Bay of around…
Will Next Month Produce Gains For These Marijuana Stocks The month of June has been difficult to characterize for marijuana stocks. We started the month with a lot of leading cannabis stocks up by high amounts. As the month went on, however, we have seen some steep declines and steep increases throughout the cannabis industry. And with so many pot…
It’s been a rough road for some of the OG’s of the cannabis industry. Today, Aurora Cannabis (NYSE:ACB) said its Co-Founder Terry Booth had retired from his role as Director of the Company, effective June 26, 2020. Mr. Booth was the Chief Executive Officer of Aurora from December 2014 through February 2020 and served on Aurora’s Board of Directors since December 2014. “On behalf of…
A B.C. First Nation located in a semi-remote area on the Fraser River southwest of Williams Lake is exploring potential operations within the cannabis industry. Stswecem’c Xgat’tem First Nation (Canoe Creek/Dog Creek) Kukpi7 (Chief) Patrick Harry said the nation (SXFN) has signed a letter of intent with a B.C. First Nations company to explore cannabis production that would provide economic…
Believe it or not, we’re nearly halfway through 2020. It’s been a rough year so far for many marijuana stocks, although a few have fared much better than others. I expect that the overall cannabis industry will gain some momentum over the next six months. If I’m right, that should be good news for the stocks of leading cannabis companies.…
Aurora’s cost-cutting effort resolves one problem but exposes another. Aurora tries to backpedal to profitability At this time last year, Aurora Cannabis was still widely viewed as the kingpin of marijuana. Although it didn’t have Canopy Growth‘s cash pile, it had 15 production facilities that, if fully operational, could produce more than 650,000 kilos of cannabis a year. Aurora was also…