By Komal Bhattar on https://stocknews.com Cannabis has proved its immense scope in the biopharmaceutical industry, with companies actively investing in developing a strong portfolio. Apart from its medicinal benefits, it sees high demand in the recreational sector as a psychoactive drug. However, this industry is a new and evolving space that continues to struggle with … [Read more...] about 3 Cannabis Stocks Going up in Flames to Avoid
Weed investments
Cannabis drinks crop up as companies bet on the growing market for legal marijuana
News Provided by Stefan Sykes at CNBC.com. You can smoke it, vape it and eat it. Now as more U.S. states legalize recreational marijuana, companies are betting people will also want to drink it. Weed-infused beverages are popping up in more places, with major drink makers including Pabst Blue Ribbon and Constellation already pushing into the market. Unlike CBD-infused drinks … [Read more...] about Cannabis drinks crop up as companies bet on the growing market for legal marijuana
Smoking weed is now more popular than smoking tobacco
by News provided by Harry Enten, CNNGetting high reaches an all-time high Every so often in polling, you get to witness a big changing-of-the-guard moment. That happened a few weeks ago, when Gallup released data on marijuana and tobacco usage in the United States. Two long-term trends finally collided. For the first time in Gallup polling, more Americans (16%) said they smoke … [Read more...] about Smoking weed is now more popular than smoking tobacco
Needham Bank Closes Cannabis Loan to Bostica
News Provided by https://www.abladvisor.comNeedham Bank announced it has closed a cannabis business loan toBostica, LLC, a premium cannabis cultivator and manufacturer of cannabis products. Bostica will use the financing to complete the construction of their 60,000-square-foot cannabis cultivation and manufacturing facility in Lynn, MA. Needham Bank also provided working … [Read more...] about Needham Bank Closes Cannabis Loan to Bostica
With eight appeals already filed from denied cannabis cultivators, state could see more before Friday deadline
By Skyler Frazer on Hartford Business With the first provisional license already approved, the state is continuing to see a flurry of appeals from hopeful cannabis cultivators that were denied social equity status in July. At least eight prospective social equity cultivators have filed suits against the state alleging they were wrongfully denied … [Read more...] about With eight appeals already filed from denied cannabis cultivators, state could see more before Friday deadline
Marijuana grow facility in Amado laying off 103 workers
By Kevin Murphy on Green Valley News A medical marijuana grow facility in Amado notified Santa Cruz and Pima counties on Thursday that it is laying off 103 employees. The announcement comes amid reports that medical marijuana sales in Arizona have plummeted as recreational sales spike. Thursday's notice from Nature AZ Medicine is required under the federal WARN Act, which … [Read more...] about Marijuana grow facility in Amado laying off 103 workers
7 Cannabis Stocks Kicking Off August With Some Heat
BY, Schaeffer's Digital Content Team ON https://www.schaeffersresearch.com At this time, the ETFMG Alternative Harvest ETF (MJ), a fund tracking the cannabis industry, has lost 65% of its value over the past 12 months, but is now up nearly 4% in the last 30 days. Flora Growth Corp. (NASDAQ:FLGC) announced the signing of a joint venture agreement with Indigena Misak Manasr … [Read more...] about 7 Cannabis Stocks Kicking Off August With Some Heat
Canopy reports CA$2.1 billion loss on massive cannabis unit impairments
By MJBizDaily Staff on https://mjbizdaily.comCanopy Growth Corp. reported the worst quarterly loss in its history as the company’s “value” cannabis sales declined as part of its business transition to “premium” products. The Smiths Falls, Ontario-based business on Friday reported a first-quarter net loss of 2.1 billion Canadian dollars ($1.6 billion) after the struggling … [Read more...] about Canopy reports CA$2.1 billion loss on massive cannabis unit impairments
Green Thumb Industries Q2 net gain expands as cannabis MSO beats on top, bottom lines
By: Jonathan Block on https://seekingalpha.com Green Thumb Industries (OTCQX:GTBIF) saw its Q2 2022 net income expand ~11% compared to the prior-year period to $24.4M even though revenue rose. The Chicago-based cannabis multi-state operator also beat on the top and bottom lines. Revenue of ~$254.3M was a ~15% increase compared to Q2 2021. The company said the … [Read more...] about Green Thumb Industries Q2 net gain expands as cannabis MSO beats on top, bottom lines
Cannabis cultivation in CT could be linked to big money investors. Experts say that ‘should be no surprise.’
By Verónica Del Valle on www.newstimes.com Before budding entrepreneurs can start selling cannabis across Connecticut, hundreds of square feet of the plant must thrive in cultivation facilities. The earliest news about those entrepreneurs has generated mixed reactions. Despite a rigorous system that vetted early businesses vying to grow cannabis in the state, some members of … [Read more...] about Cannabis cultivation in CT could be linked to big money investors. Experts say that ‘should be no surprise.’
