Cannabis

Global spending on legal cannabis is expected to grow 230% to $31.3% billion in 2022 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. The research projects a majority of that, nearly $23.4 billion will come from the United States. In context of more states voting in favor of marijuana use legalization and business interest sparking across the board, that definitely would make sense.

In the year through January 11, 2019, the United States Marijuana Index, fell 20.7%, as compared to about 6.5% loss seen by the S&P 500. Given that is not exactly an apples to apples comparison, but it does make a case to at least investigate investments in marijuana stocks. (May 6, 2019, Mrinalini Krishna, Investopedia)

Canada recorded a fifth consecutive month of cannabis sales growth in July. Sales clocking the CA$104.5 million mark marked an important milestone, even as the country continues to grapple with lots of challenges that continue to curtail sales. Cannabis Supply Challenges Since the country legalized recreational use at the federal level,...
Cannabis retail sales in Canada continue to edge higher benefiting from a friendly regulatory framework. Data by Statistics Canada indicate that sales rose past the $100 million mark for the first time in July, reaching an all-time high of $104 million. Cannabis Sales Growth Sales were up 14.3% in the month,...
Recreational use legalization in Canada marked an important milestone. While most players have benefited a great deal. As a result, things are about to get even rosy. The legalization of cannabis edibles and derivatives is set to mark yet another important milestone in the evolution of the burgeoning sector. Burgeoning...
Last year Chemistree Technology Inc. (OTCMKTS: CHMJF) entered an agreement to acquire Sugarleaf Farms to acquire rights to its brand beyond Washington State. Chemistree has operations in Washington where it grows its premium flower brand SugarLeaf. The company runs close to 300 lights and flower to come up with...
Happy Tea CBD is the latest CBD infused beverage taking the CBD industry by storm. Launched by Fit Tea, the beverage is proving to be a firm favorite for celebrities. Kylie Jenner, Cardi B, and Sarah Palin are the latest high profile personalities to take an interest in the...
The cannabis industry has in recent years, presented unique investment opportunities. Right from growing the actual crop to processing it and coming up with exceptional products, a number of people and big companies have generated significant returns in the process. Conversely, investors have accrued a substantial amount of returns...
Canada is starting to reap the rewards of recreational use legalization. Data by Statistics Canada signals booming business in the legal cannabis industry, output having more than doubled since October of last year. Reports that cannabis production in the legal market has surpassed the black market should be good...
Canada marked an important milestone on legalizing recreational cannabis use in 2018, on the federal level. While the move resulted in the expansion of the multi-billion industry, the opportunities that have cropped up continue to validate the legalization drive. Creation of new job opportunities provides a glimpse of how cannabis...
Last week global cannabis industry leaders Canopy Growth Corp (NYSE:CGC) and Tilray Inc. (NASDAQ:TLRY) saw their stocks decline by double digits after the companies reported uninspiring results indicating that they were a long way off to profitability. However, as the leaders were reporting disappointing results, on the other hand,...
The City of Ontario is expected to carry out its second lottery for marijuana retail store licenses. Applicants contesting for the 50 available pot retail licenses have been given until Friday to submit their applications to the Alcohol and Gaming Commission of Ontario. 50 retail pot licenses available in second...