Marijuana Stocks & Public Companies

Canadian analysts eye ‘catalysts’ to reverse cannabis stock freefall

Canadian cannabis stocks are down over 40% since peaking in early January, leading analysts to speculate about what might ultimately trigger a rebound. The Canadian Marijuana Index, a basket of the leading cannabis stocks operating in Canada, is 40% off its peak, or a loss of nearly 15 billion Canadian dollars ($12 billion) in market […]

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Big Canadian banks warming to legal marijuana industry

The chief executive of one of Canada’s largest banks said it would weigh financing cannabis companies after legalization takes place later this summer. TD Bank CEO Bharat Masrani said the Toronto-based financial institution is studying the issue, and any potential clients in the cannabis industry should have a presence only in countries where recreational or […]

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Week in Review: California-Canada union, New Jersey’s MMJ expansion & a GOP thumbs-up for hemp

A Canadian cannabis business buys three California MJ companies, New Jersey expands its medical marijuana program, and a key Republican goes to bat for industrial hemp. Here’s a closer look at some notable developments in the marijuana industry over the past week. Northern invasion The announcement that yet another Canadian company – Ontario-based CannaRoyalty Corp. […]

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Canadian firm acquires three California marijuana companies

A publicly traded Canadian cannabis company announced Wednesday that it has acquired three California businesses, including a major distributor that generated over $25 million in revenue last year. Ottawa, Ontario-based CannaRoyalty Corp. acquired: RVR, a large-scale distributor of both medical and recreational cannabis brands. Alta Supply, a smaller distributor of medical marijuana. Kaya Management, an […]

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Australian state to investigate legalizing recreational cannabis

Australia’s second-most populous state will explore international developments around “cannabis for adult use” as part of its investigation into drug law reform. In a 586-page report, a parliamentary committee in Victoria recommended the creation of a council to investigate global changes in marijuana usage, as well as several other considerations involving comprehensive drug law reform. […]

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In a first, Africa exports medical marijuana to Canada

A company in southern Africa has sent the first-ever shipment of medical cannabis from Africa to Canada, a milestone that illustrates how global the international MMJ industry has become in recent years.

The medical cannabis was shipped from the landlocked nation of Lesotho on March 26 and is expected to arrive at its destination in Vancouver, British Columbia, in the coming days, Marijuana Business Daily has learned.

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Financial trouble for proposed marijuana tourism mecca in California town

Arizona-based American Green’s goal of transforming a California ghost town into the “Epcot Center” of marijuana has run into serious turbulence. The company issued a news release revealing that it had sold its holdings in the California border town of Nipton to Delta International Oil & Gas for some $7.7 million. American Green, a publicly […]

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Women fight ‘bro culture’ to make it in Canada’s marijuana sector

Jenna Valleriani, a Ph.D. and advocate for drug policy reform in the Canadian cannabis industry, recently compiled a list of women in marijuana that went viral on Twitter. The final tally: 40 names. As senior-level players from other industries – like investment and mining – enter the market armed with well-honed fundraising skills and leadership […]

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Lesotho attracts another major medical cannabis investment

The first country in Africa to regulate medical marijuana has attracted another significant international investor, this time from a large Canadian licensed producer. Toronto-based Supreme Cannabis will invest 10 million Canadian dollars ($7.7 million) for a 10% stake in Medigrow Lesotho, the companies announced in a news release. Based in the Kingdom of Lesotho in […]

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Greece looks to draw billion-dollar investments after legalizing medical marijuana

After the Greek parliament approved a law for the cultivation and sale of medical cannabis this month, five international companies already have expressed interest in pumping over 1 billion euros ($1.2 billion) into the country’s burgeoning sector. However, investments will largely depend on the secondary legislation that has yet to be developed, according to the […]

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Tiny Lesotho looks to become African staging ground for medical marijuana businesses

A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy to become a supplier of medical cannabis and ancillary services to other countries in Africa where medical cannabis laws are in the works – […]

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