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3 Ways COVID Is Hurting CBD Sales

A new report found that price was the second biggest factor for consumers when making CBD purchase decisions. The passage of the 2018 Farm Bill legalizing hemp sparked a CBD rush with millions in sales and seemingly everyone starting a company us...

July 30, 2020

How marijuana companies can prepare for federal legalization

(This is an abridged version of a story that appears in the July issue of Marijuana Business Magazine.) Though U.S. cannabis entrepreneurs might be skeptical that federal marijuana reform will happen anytime soon, experts say it's not too early t...

July 20, 2020

Aurora to lay off more staff in restructuring of European operations

EDMONTON -- Aurora Cannabis Inc. is reorganizing its European operations and cutting some jobs. The Edmonton-based cannabis company says in an email to The Canadian Press that the layoffs will amount to a one-quarter workforce reduction in select...

July 20, 2020

Canada Marijuana Dispensary Count Tops 1,000 For the First Time

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock an...

July 18, 2020

Canopy Growth Confirms a New Round of Layoffs

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock an...

July 18, 2020

Marijuana Sales Predicted To Surpass $15 Billion By End Of 2020

Some states have experienced record monthly sales while tourist-dependent markets have experienced a mixed bag. Maybe it's the boredom. Maybe it's the mental health benefits. Maybe it's the preliminary research that cannabis could prevent COVID-1...

July 18, 2020

Retail cannabis sales surpass NBA revenue, approach prescription pain meds

With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total marijuana sales now exceed the National Basketball A...

July 15, 2020

Schwazze walks away from two Colorado cannabis deals

Denver-based Schwazze, formerly Medicine Man Technologies, said it has terminated acquisitions of two Colorado marijuana businesses - cultivator Los Sueños Farms and concentrates company Dabble Extracts. Schwazze, a vertically integrated operator...

July 11, 2020

Why the Next Market Crash Could Happen This Month | The Motley Fool

Now is a good time for investors to begin re-evaluating their portfolios. There's a disconnect today between how the markets are performing and the strength of the overall economy. Even though tens of millions of Americans are collecting unemploy...

July 11, 2020

IRS War On Cannabis Companies Must End

In 1982 Congress created Section 280E of the Internal Revenue Code, IRC, which significantly limited the business expenses that a cannabis company could deduct. It states "no deduction or credit shall be allowed for any amount paid or incurred dur...

July 8, 2020

Organigram lays off 220 workers

MONCTON, N.B. - Organigram Holdings Inc. is laying off at least 220 employees in an effort to better align its production capacity with prevailing market conditions. The Moncton-based cannabis company says the cuts will impact a quarter of its wo...

July 4, 2020

Dixie Brands To Rebrand Name, Distancing From Historical Context

Dixie Brands will assume a new name as it drops "Dixie" from its branding. Denver, Colorado-based edible juggernaut Dixie Brands released a statement that the company will rename itself, thus distancing itself from the word "Dixie" and its connec...

July 4, 2020