Canada’s largest marijuana producers have bragged for many months about the potential revenue from recreational cannabis once legislation passed. However, they were surprised at the unexpectedly low sales. Many were pointing fingers at the government as well as retail systems. However, many admitted supply issues and trouble obtaining approval...
The global cannabis industry is exploding, and it is widely evident at the massive marijuana conference MJBizCon held at the Sin City last week. The flagship event of Marijuana Business Daily, MJBizCon, is a preeminent conference held to drive business deals and valuable connections with cannabis professionals in the market...
For the first time in 2018, US pot companies have surpassed its Canadian Counterpart on Canadian Securities Exchange. The former raised a whopping $1.5 billion compared to the Canadian-based cannabis with $1 billion in gains. With the recent escalation of numbers in the US-based pot companies, investors are starting to...
There have newly released regulations made by the Ontario government regarding a startup guide for private cannabis stores that should take place on April 1. Store hours for stand-alone shops are at 9 a.m. and 11 p.m any day. However, the stores should be away from schools at least 150...
Cannabis manufacturer Tilray announced a drastic growth to their income in the last quarter of the year compared to the previous one. Tilray experienced vast improvements in their numbers since investors wanted to capitalize on legal cannabis in Canada. With a total profit of $10 million, Tilray’s Chief Executive...
It has been a roller-coaster ride for Cannabis short sellers after going through a series of losses and gains in just a couple of days. Hundreds of millions were lost during the midterm elections before subsequently getting most of it during the sell-off the following day. According to information from...
According to Second Cup Ltd.’s directors, the company is thinking of delving into the cannabis industry despite their rapid growth in coffee in Canada. The managing director or Serruya Private Capital, Michael Serruya, also a significant stockholder in Second Cup, stated that Second Cup is willing to take the risks...
Aurora Cannabis Inc. anticipates the legalization of high-margin concentrates and edible marijuana products in only a few short months. In just a matter of two weeks, they have risen to one of the top-selling cannabis brands in Canada. Changes in regulation give the company an opportunity to increase sales...
Medical cannabis has been recognized around various States as a necessity to treat certain conditions. Unfortunately, to date, there are still some States against cannabis for medical purposes. As a result, this leads to several patients suffering unnecessarily. Some States resist legalization for fear it could lead to cases...
When you visit Canada, you'll know that the people are living with cannabis for both recreational and medicinal purposes. The therapeutic utilization of marijuana was permitted across the country in 2001. The approval of the Federal Cannabis Act on October 17, 2018 m,ade Canada the 2nd nation in the...