Europe got its first cannabis exchange-traded fund this week. The news is as much a sign of pressures in the North American pot industry as one of pent-up demand among European investors.
Entrepreneurs who broke into Colorado’s cannabis industry at the ground level — the growers — have endured economic whiplash over the last two years as the market for wholesale flower experienced volatile swings in price.
The average market rate slumped to a low of $759 per pound in 2018 after peaking at $2,007 per pound in early 2015. That rate has rebounded to $1,316 per pound this month, after five consecutive quarters on the rise, reaching the highest price in three years.
The cannabis industry had a busy week of expos, beginning with Lift & Co. in Vancouver leading into CannaCon's Northwest show. CannaCon Tacoma is CannaCon’s flagship expo that is now in its seventh year. Running from January 10-11, this two-day expo offers access to the featured exhibitor booths as well as educational seminars with topics from the future of cannabis marketing to need-to-know cannabis business operations.
Gov. Gavin Newsom is recommending a major overhaul to how California regulates its multibillion-dollar cannabis industry, with changes aimed at streamlining oversight and tax collection included in the proposed state budget he released Friday morning.
Last year was supposed to be when marijuana stocks proved their worth to Wall Street by translating substantial sales growth into recurring profits. Unfortunately for these companies, and their investors, it didn't work out as planned. Supply issues throughout Canada and high tax rates in a number of legalized U.S. states dumped fuel on the fire that's allowed the black market to thrive. The end result was that pot stock investors were creamed.
Aurora shares on Friday are tumbling as analysts cut their ratings and price targets on the medical-cannabis-products company.
Aurora Cannabis (ACB) - Get Report shares were tumbling on Friday as analysts cut their ratings and price targets on the medical-cannabis-products company.
Bank of America and Piper Sandler cut their ratings on the Edmonton, Alberta, company to the equivalent of sell from neutral.
SALT LAKE CITY — Though not all products are expected to be in patients’ hands, Utah’s medical cannabis program will roll out by the state’s March deadline, officials say.
“So it’s a rush and a spring, but we’ve known that since day one. We just haven’t had a lot of time, so we’re blocking and tackling along the way and making sure we have some product available for March 1,” said Andrew Rigby, the state’s cannabis program manager with the Utah Department of Agriculture.
High Green News kicked off the first exhibitor highlight of the year at the Vancouver Lift & Co. Cannabis Expo. Established as Canada’s largest cannabis expo, Lift & Co. offers an experience for both industry business professionals and consumers to connect within the industry. The 3-day expo began on January 9 and runs through today, January 11.
Each year we try to get ahead of the cannabis curve by predicting which strains are going to reach superstar status. We consider cannabis cup winners, keep tabs on famous breeder instagrams, and overall, keep a finger on the pulse of the industry.
Now that the 2020 ball has dropped, we’re looking toward the future to predict which strains may soar in popularity this year. Some you may have tried, others may be your next favorite. And with many of these strains new to the market, we’re still waiting to see how their terpene profiles shake out, which is why some are grayed out.
Governor Cuomo has several priorities for New York in 2020. Chief among them: legalizing pot.
To learn more, I spoke with our Albany bureau chief, Jesse McKinley, about why the governor is making a bold move toward marijuana legalization and what it might look like.
