Cannabis News Box

Northwest Territories in Canada are slashing prices to overshadow illicit market

Northwest Territories in Canada are slashing prices to overshadow illicit market

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

Cannabis consumers in Canada’s Northwest Territories are being treated to reduced prices on pot products. The NWT's finance minister Caroline Wawzonek recently announced a plan that will cut the cost of legal cannabis products by 10 percent. This, she says, will put the brakes on illegal sales. W...

Canopy’s recreational cannabis segment is struggling

Canopy Growth Corporation (CNW Group/Canopy Growth Corporation)

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 22, 2020

Canadian cannabis company Canopy Growth Corp., is on a mission to restructure its business plan after suffering a CAD$1.3 billion (USD $944 million) blow to its finances. Based on a recent earnings report released by the company, Canopy's fourth quarter revenue for recreational Cannabis sales – for ...

Tilray is shuttering its High Park Gardens cannabis greenhouse

https://seekingalpha.com/article/4189460-cannabis-comparisons-tilray-vs-competition

Bethan Rose Jenkins, Cannabis News Writer/Editorial

June 3, 2020

The Chief Executive Officer (CEO) of Tilray has backed out on a deal to grow cannabis from its High Park Gardens facility in Leamington, Ontario. A British Columbia-headquartered cannabis cultivator, Tilray is the latest in a string of Canadian businesses to reveal it will be closing the doors of its ...

Cannabis companies want to stimulate federal research efforts

Cannabis companies want to stimulate federal research efforts

Bethan Rose Jenkins, Cannabis News Writer/Editorial

February 7, 2020

Applications to permit cannabis cultivation for research purposes in the United States has been seriously delayed by the Drug Enforcement Administration (DEA). The Agency began welcoming applicants in 2016, but has failed to push things forward.  Over a two-year period that stretched until 2018, mor...

Three major Canadian cannabis producers are facing U.S. lawsuits

Three major Canadian cannabis producers are facing U.S. lawsuits

Bethan Rose Jenkins, Cannabis News Writer/Editorial

January 27, 2020

Aurora Cannabis, Canopy Growth, and Hexo Corp. are usually making headlines for their dominance in the Canadian cannabis sector. These three companies are acknowledged as the largest cannabis producers in Canada; where the plant was legalized completely in 2018 following the passing of the Cannabis Act...

Drake is teaming up with a Canadian cannabis firm to launch business in Toronto

https://www.livetradingnews.com/rapper-drake-has-partnered-with-canopy-growth-on-a-new-cannabis-venture-158549.html

Bethan Rose Jenkins, Cannabis News Writer/Editorial

December 2, 2019

He is well known for releasing chart topping hits such as “What’s my name?” featuring Rihanna and “Started from the bottom,” which reached number six on the Billboard Hot 100. Now, Rapper Drake is getting involved with the cannabis industry, in spite of the fact that he is not as heavily associa...

Walk-in medical cannabis clinics are coming to Walmarts in Canada

Walk-in medical cannabis clinics are coming to Walmarts in Canada

Bethan Rose Jenkins, Cannabis News Writer/Editorial

November 18, 2019

If you do your shopping at Walmart, the next time you visit you may notice a walk-in clinic has popped up. It won’t be just any regular clinic, but a clinic inside which licensed medical practitioners will be providing information and guidance to prospective medical cannabis consumers.  Walmar...

Bruce Linton is fired from Canopy Growth, company clings onto Acreage deal

https://www.ecosia.org/images?q=bruce+linton#id=0F79D1853977B197248C698719328C58B102E64D

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 8, 2019

The world’s largest cannabis company has abolished Bruce Linton; Canopy Growth’s very own co-founder and Co-CEO. Constellation Brands, which currently owns a 40 percent chunk of the cannabis company, was behind the decision. Responsible for producing some of the most iconic beer, spirits and wine brands in ...

Bank of America VP predicts a $166 billion cannabis market

http://thehybridcreative.com/california-sales-tax-filing-for-cannabis-products/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 31, 2019

Over the past decade, cannabis has filtered into the mainstream retail market. Broadscale legalization of the plant has contributed to a surge in investor interest, where cannabis investors traded pot stocks like Aurora Cannabis (NYSE:ACB), Innovative Industrial Properties (NYSE:IIPR) and Cronos Group (N...

Mexico plans to legalize recreational cannabis this October

https://www.theyucatantimes.com/2019/02/mexico-legalizes-marijuana-for-recreational-purposes/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

May 3, 2019

It’s hard to ignore the rate at which the cannabis industry is growing, and it looks like Mexico could be next to enact legislation. In fact, recent reports have revealed how the North American country plans to legalize pot before October. Support for cannabis legalization in the U.S. has jumped from 25 percent in 1995 to 66 percen...

Canopy Growth secures deal to buy Acreage for $3.4 billion in ‘game-change’ for North American cannabis industry

Canopy Growth secures deal to buy Acreage for $3.4 billion in ‘game-change’ for North American cannabis industry

Bethan Rose Jenkins, Cannabis News Writer/Editorial

April 29, 2019

Canopy Growth has made news headlines once again for an acquisition that has set the cannabis industry leader back a whopping $3.4 billion. The deal, which won’t be effectuated until federal prohibition is lifted by the U.S. government, will see the Ontario-based company purchase New York-based...

Cannabis beverage stocks to be on the lookout for in 2019

https://www.nanalyze.com/2018/10/new-age-beverages-cannabis-drinks-stock/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

March 11, 2019

With cannabis legalization spreading across North America quite rapidly, it’s not surprising that pot producers are getting creative with consumption methods. Welcome the rise of cannabis beverage stocks. Cannabis-infused drinks are the latest trend to sweep across the world of legal weed, with investment f...

canopy growth