Canadian Marijuana Stocks Moving Forward There’s little doubt in my mind that the future of the pot stock market lies in U.S. marijuana stocks. I’ve written about the growth potential in that segment time and time again. I wouldn’t blame you, dear reader, if you had gotten the impression that Canadian pot stocks, by contrast, were no longer of interest.…
Investors digested the somewhat unexpected win of two Georgia Senate seats by the Democrats on Wednesday, completing an apparent so-called blue wave that could have major consequences on the stock market. Democrat Raphael Warnock beat incumbent Republican Kelly Loeffler in one of Georgia’s two Senate run-offs, and Democrat Jon Ossoff was leading incumbent David Perdue in the other. If those results hold,…
In a year that saw record-breaking volatility, cannabis stocks were standout performers. The rapidly growing marijuana industry is beginning to mature in North America, and investors are finally getting a glimpse of what the green rush is capable of. As we move into a new year, growth shows little signs of slowing. In 2021, the 10 fastest-growing marijuana stocks are expected to…
Employment in cannabis pre-2020 could be seen as more of a job, whereas now, people see the industry as a true career investment. This year was a rollercoaster ride for the cannabis industry, which had its fair share of highs and lows. There were legalization breakthroughs, while various cannabis companies enforced massive layoffs. However, there were also those that did quite a bit of hiring. What’s interesting…
The year 2020 was a dud in many, many ways due to the pandemic. However, it was a record year for the emerging cannabis industry. Cannabis entrepreneurs around the globe sold a record amount of cannabis and cannabis-infused products. Unfortunately, no countries legalized cannabis for adult use in 2020, but a number of countries either allowed medical cannabis industries to launch or…
A new survey suggests legal cannabis storefronts are making inroads when it comes to Canada’s consumption of the drug. The Canadian Cannabis Survey, released on Monday, shows that 41 per cent of Canadian cannabis users are typically choosing legal cannabis storefronts to purchase the product, an increase from just 24 per cent in 2019. Meanwhile, fewer Canadians are choosing dealers and…
The 2020 Canadian Cannabis Survey provides a snapshot of Canadians’ knowledge, attitudes and behaviours related to cannabis OTTAWA, ON, Dec. 21, 2020 /CNW/ – The Government of Canada has taken a public health approach to cannabis legalization and regulation, which includes collecting data on an ongoing basis to better understand how Canadians view and use cannabis. On October 17, 2018, the Cannabis Act came into force, providing a strict…
When investors talk about cannabis stocks, Canadian players Aurora Cannabis (NYSE:ACB) and Canopy Growth (NASDAQ:CGC) come to mind. But in 2020, U.S. cannabis companies not only proved their potential, but outperformed their Canadian counterparts. Two such companies are Illinois-based Green Thumb Industries (OTC:GTBIF) and Florida-based Trulieve Cannabis (OTC:TCNNF). Both these companies have seen triple-digit revenue growth this year and are dominating their state markets. Green Thumb is already profitable, and Trulieve…
Making predictions about California’s marijuana industry was a challenge even before a global pandemic changed everything. It’s not just that the legal cannabis market, which launched three years ago in California, is so new. It’s also the singularity of an industry in which licensed, legal operators still compete against a much larger illicit market, even as the industry’s core consumer…
Canada celebrated the second anniversary of cannabis legalization this past October, and with it, the growing sophistication of the industry’s producers and its consumers. With any emerging industry comes the need for flexibility and adaptability — and this was needed even more so with the unexpected arrival of the COVID-19 pandemic in March. Industry players were required to stay lean,…
Although every industry in North America has been touched in some way by the spread of COVID, many cannabis and CBD companies saw their revenues increase when the pandemic began to escalate in the United States in March 2020, a time when other businesses struggled to survive. Cannabis was declared “essential” by most state governments in early April, allowing farms, dispensaries…
It’s been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks. Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we’re beginning to see the first signs…