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Earnings highlights: Hedge fund billionaire Leon Cooperman bets on cannabis; two firms deliver solid Q2 results

August 30, 2018

Share prices at cannabis firms Green Thumb Industries and Tilray are on the rise after solid second-quarter performances – and mainstream investors are taking note, with at least one hedge fund billionaire throwing his support behind the industry. The two businesses reported their first earnings as newly public companies after the markets closed Tuesday. Here’s […]

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‘Global paradigm shift’: International cannabis business opportunities will accelerate

August 16, 2018

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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Italy looks to expand medical marijuana sales to all pharmacies, increase production

August 6, 2018

Italy signaled its intention to loosen the military’s grip on the cultivation of medical marijuana, significantly ramp up production and make MMJ “available in all pharmacies” across the country. The move also could increase opportunities for international MMJ companies participating in the nation’s medical cannabis industry. Italian Health Minister Giulia Grillo made the announcement in […]

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Cannabis testing lab operator Steep Hill expands to Mexico, six European markets

May 1, 2018 · Updated July 16, 2018

California-based Steep Hill Labs, a prominent cannabis testing lab, has announced plans to expand operations to Mexico and six western European markets, further broadening the company’s global footprint. This is yet another example of a company using its Canadian presence to springboard into the growing international cannabis market. According to a news release, the licensee for Steep […]

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California cannabis grower gets $1 million insurance settlement for fire damage

March 20, 2018 · Updated July 16, 2018

A cannabis grower in Carpinteria, California, has received a $1 million payout from an insurance company after his crop was destroyed by ashes from a wildfire. According to the Santa Barbara Independent, Florida-based Brown & Brown Insurance secured the payout for the unidentified grower after the Thomas Fire sent tiny ash particles into greenhouses with retractable […]

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Latin America Update: Marijuana business developments in Chile and Argentina

February 14, 2018 · Updated February 18, 2019

While Canada and the United States dominated marijuana headlines over the past year, their neighbors in Latin America also made some waves.

Though business and investment opportunities are not nearly as strong as they are in the United States and Canada, Latin American countries are making progress that paves the way for such opportunities down the road.

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Marijuana ETF begins trading on US exchange

December 29, 2017 · Updated August 15, 2019

Marijuana investors have a new fund to watch as the new year approaches. ETFMG Alternative Harvest ETF – a cannabis-focused exchange-traded fund – made its debut on NYSE Arca this week with 31 holdings. NYSE Arca investors trade both stocks and options. An ETF owns and tracks certain assets and, unlike a mutual fund, can be traded […]

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