You might have thought that 2019 would be a great year for cannabidiol (CBD) stocks. I certainly did. After all, hemp-derived CBD was legalized in the U.S. in December 2018, when the 2018 Farm Bill passed both houses of Congress and was signed into law by the president. But an ominous consumer warning by the Food and Drug Administration (FDA)…
Last week we discussed the amazing and fast-growing bamboo. This week we are going to discuss another fast-growing plant by the name of hemp. Hemp has been around for over 10,000 years and used during that entire time for various products. Many people associate hemp with marijuana and the psychedelic effects from THC. Although they belong to the same family…
Though a lot of marijuana history has been made in recent years, most of it can be attributed to Canada, which became the first industrialized country in the modern era to green-light adult-use cannabis sales in October 2018. Despite the launch of recreational pot sales not going as planned — marijuana sales totaled only about 1 billion Canadian dollars (approximately…
Cannabis retailers say the appetite for pot-infused edibles is outstripping the supply — and the provincial distributor can’t say when that will change. It’s a replay of what occurred a year ago when logistical and regulatory hurdles created a shortage of cannabis in stores, a bottleneck that led to a six-month halt on new pot shops being approved by regulator-wholesaler…
Windsor police say arrests were made for cannabis-related offences at an Erie Street East cafe on Wednesday — just one week after the same location was raided for similar cannabis-related offences. In what has become an open clash between law enforcement agencies and illicit cannabis sellers, four people were taken into custody at Envy Cafe at 188 Erie St. East…
The difference between cannabis prices on the illicit and legal markets in the fourth quarter of last year widened slightly from the prior three-month period, according to new figures from Statistics Canada published Thursday. The average price of cannabis in the illicit market during the fourth quarter of 2019 was $5.73 per gram, slightly higher than the $5.65 reported in…
Ordering cannabis in Manitoba just got a whole lot easier. Super Anytime, what the company calls Canada’s first “on-demand, multi-retailer, e-commerce platform,” officially came online Wednesday, providing wider access to the province’s cannabis offerings all in one place. “We’ve been called something like Ritual or Uber Eats for weed, but we prefer an integrated marketing sales and performance channel for…
Finding edibles in Calgary isn’t a casual, chill affair. The newly launched way to ingest legal cannabis is flying off shelves across the city. Marijuana edibles became available in some stores across the city more than a week ago. And for the first time since legalization, stores began to stock shelves with gummies, chocolates, cookies, mints and cannabis teas. And, of course,…
The marijuana boom was supposed to happen last year. Investors expected the likes of Canopy Growth, Aphria, and Aurora Cannabis (TSX:ACB)(NYSE:ACB) to reach stratospheric heights in prosperity. Instead, the legal marijuana sector faced an enormously challenging year. Canadian investors saw both big and small names in the industry struggle. The three major cannabis producers tanked to devastating lows after climbing to…
The current state of marijuana stocks seems to be one with a large amount of uncertainty. This great uncertainty is characterized by rampant price swings and a large influx of news swarming the cannabis industry. But like any young market, it seems as though it just a matter of time before we see some greater stability pull into the industry.…
While the month of January has brought with it a newfound sense of stability amongst marijuana stocks, it seems as though February could bee an even better one. There are still many issues with the industry which makes this a difficult call, but these issues are well on their way to being solved. Some of those issues include supply worries…
While profitability and the stableness of marijuana stocks are one of the main concerns in the industry, it seems as though several companies have defied these odds. This comes at a time when we have seen some large daily gains from some of the biggest losers of the past year. Many of the companies posting these big gains, lost the…