Canaccord has been one of the busier financiers within the Canadian cannabis sector so far — on Thursday one of its latest deals, a bought - deal offering
for marijuana company Nuuvera Inc., on which it is one of the lead underwriters, was upsized to $ 45 - million.
Not exact matches
Trump's name shows up in filings of less than 14 % of all
companies, but the stakes are much higher
for firms that have bet on the federal government taking a hands - off approach to
marijuana policy.
In its 2017 State of Cannabis report released earlier this year, California
marijuana delivery
company Eaze reported that edible sales have increased as more people learn best practices
for proper dosing.
Companies have to put a value on their
marijuana plants
for accounting purposes, even though pricing and future demand are not yet known.
Even though a clear majority of
marijuana companies mentioned Trump's name, they account
for only 4 % of filings where the president's name gets mentioned in a discussion of risk factors, according to Sentieo.
They used to work
for Tradiv, a once - promising
marijuana tech
company that collapsed amid bad decisions, sexual harassment allegations, and a co-founder's psychedelic epiphany.
As
marijuana slowly emerges from prohibition, it will be easier
for companies to legally grow in other countries where there are more ideal climates and water tables that will help lower prices and the indoor grow methods created to escape the DEA's helicopters will become history, Kennedy says.
One key differentiator is that these
companies are testing with the Food and Drug Administration and making products
for medical
marijuana and MassRoots is focused on recreational
marijuana users.
Strict drug policies are appropriate
for some
companies, but entrepreneurs running startups are exploring progressive,
marijuana - friendly policies.
But when former President Obama issued a memo during his term that encouraged banks to do business with the
marijuana industry, this loosened up access to both some banks and payment processors
for cannabis - related
companies.
Medical
marijuana company MMJ Phytotech has tapped investors
for a $ 5 million capital raising to fund its entry into the Australian market.
«I don't think it's realistic
for Trump to wage an all - out war against recreational
marijuana,» says Aaron Herzberg of CalCann Holdings, a portfolio of cannabis
companies and brands in California.
Since that time, Dunn has gone on to create a $ 3 million pot empire, operating a business that sells seeds
for marijuana growers, a hemp clothing
company, and a brick - and - mortar store that sells pot - related accessories.
Companies like Quest Diagnostics (DGX),
for instance, reportedly tests millions of urine samples every year and, along with other firms, is ramping up a lobbying push to block
marijuana reform.
He founded his
company Weedmaps, a sort of Yelp
for marijuana dispensaries, in 2008, and now serves on the board of directors for the National Cannabis Industry Association, the Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as t
marijuana dispensaries, in 2008, and now serves on the board of directors
for the National Cannabis Industry Association, the
Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as t
Marijuana Policy Project and the National Organization
for the Reform of
Marijuana Laws, which most people know as NORML and for which he also serves as t
Marijuana Laws, which most people know as NORML and
for which he also serves as treasurer.
(In the fragmented, state - regulated cannabis market, it is illegal
for companies to ship
marijuana products out of state.
Look at any category governed by heavy regulations — e-cigarettes, medical
marijuana, drones, wireless services, even unpasteurized milk — and you'll find a trail of failed also - rans
for every
company that's still standing.
Smoke also blanketed huge swaths of Northern California last week, which presents a more widespread concern
for the
marijuana industry, according to Nick DiNicola, whose
company, DiNicola Insurance Services, brokers insurance
for companies in the cannabis space.
Tamar Maritz, regional director
for California at
marijuana data insights
company BDS Analytics, said Californians could expect to see prices rise as much as 10 to 20 % in the aftermath of the fires.
• iAnthus Capital has agreed to buy Valley Agriceuticals, a Purchase, N.Y. - based medical
marijuana company,
for $ 17.3 million.
Aside from technology, the
company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform
for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational
marijuana.
The burgeoning real estate market tied to
marijuana also has led to
companies specializing in listing commercial property that can be used
for the cannabis industry.
The medicated edibles market has boomed as select states legalize
marijuana for recreational use and
companies are keeping up with demand.
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various
marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, explains how Tilray is already exporting
marijuana to countries like Croatia and Australia
for use in clinical trials.
Tied
for the largest single donation to Arizonans
for Responsible Drug Policy, the campaign against the state's recreational
marijuana proposal, was $ 500,000 from Insys Therapeutics, a pharmaceutical
company known
for selling the painkiller fentanyl in the form of a sublingual spray.
A spokesperson
for the Sembler
Company directed a request
for comment about Sembler's stance on
marijuana to Sembler's personal assistant, who did not respond.
Myclobutanil, a chemical that is also prohibited
for use on legal cannabis in Colorado, Washington and Oregon because of health concerns, was found in product recently recalled by Mettrum Ltd., a Toronto - based medical
marijuana company.
Canaccord Genuity said in a note that the move could position Namaste
for a potential TMX listing, as the stock exchange has threatened
companies with possible delisting over any pot - related operations in the U.S., where
marijuana is still illegal at the federal level.
The quarterly dip was driven in part by increased expenses, some of which the
company said were tied to preparations
for Canada's coming recreational
marijuana market, which the federal government has aimed to legalize by July 2018.
The comments have set off alarm bells
for Chuck Smith, co-founder of Dixie Brands, a Denver - based
company that manufactures tinctures, topicals and treats infused with THC, the active ingredient in
marijuana.
Canopy Growth Corp. reported Tuesday that it took a $ 1.6 - million loss in its fiscal second quarter, a slip that comes as the Smiths Falls, Ont. - based medical
marijuana company gears up
for Canada's planned legalization of recreational cannabis and basks in a ground - breaking deal with a U.S. - based beer giant.
And once
marijuana is rescheduled or descheduled nationwide, all the pharma
companies growing «hemp»
for CBD will already have
marijuana farms in operation in terms of environment, feeding, harvest, processing, and distribution.
However, this Massachusetts deal includes other hidden catalysts
for the
company that could expand its territory in the Massachusetts
marijuana market.
** Canada's No. 2
marijuana producer Aurora Cannabis Inc has agreed to buy smaller rival CanniMed Therapeutics Inc
for C$ 1.1 billion ($ 852 million) as
companies jostle to benefit from the country's legalization of recreational
marijuana use later this year.
This year, I think it will remain tough sledding
for the
company in spite of (or perhaps, because of) recreational and medical
marijuana laws passing in additional states, including California, this November.
Cannabis products
company Puration has said it will have a psychoactive cannabis beverage ready to launch in Canada
for the expected legalisation of recreational
marijuana next July.
Subscribe to the Afternoon Brief Trending Story: Constellation Brands to Acquire 9.9 % Stake in
Marijuana Company Canopy Growth for $ 245M Alcohol giant Constellation Brands Inc. is making a foray into marijuana, a precedent - setting move for an industry that has mostly stayed on the sidelines during the cannabis boom... Today's News: 3rd Annual US Wine
Marijuana Company Canopy Growth
for $ 245M Alcohol giant Constellation Brands Inc. is making a foray into
marijuana, a precedent - setting move for an industry that has mostly stayed on the sidelines during the cannabis boom... Today's News: 3rd Annual US Wine
marijuana, a precedent - setting move
for an industry that has mostly stayed on the sidelines during the cannabis boom... Today's News: 3rd Annual US Wine -LSB-...]
Nearly two years since the launch of New York's program, the state's five medical
marijuana companies have struggled to generate revenue, combining
for a gross total of merely $ 16 million before any taxes, expenses or other overhead costs from April 2016 through August 2017.
NYC mayoral candidate Bo Dietl works as a consultant
for Digipath Inc., a
marijuana lab testing
company that has been under investigation by the feds on stock fraud allegations.
The state Department of Health announced that it has licensed five new
companies to join the five existing firms that grow, produce and sell medical
marijuana products
for thousands who take part in the strictly regulated state program.
According to research by Seedo, a
company that makes
marijuana - growing systems and advocates
for it to be legalized, New Yorkers used 77.44 tons of
marijuana in 2017.
Tyner called
for a «living minimum wage» that would rise to $ 15 an hour by 2020
for companies employing 500 people or more; single - payer health care in New York state; a tax system that would reduce the burden of school taxes on property owners; and the legalization of small amounts of recreational
marijuana for adults.
The bill will go into effect immediately once signed, but registrant identification and licenses
for the five
companies that will be permitted to grow and distribute medical
marijuana won't be issued
for roughly 18 months while the Department of Health develops regulations, trains and certifies doctors and registers patients.
As POLITICO New York reported earlier this month, State Sen. Diane Savino is introducing legislation that aims to better educate doctors on the use of medical
marijuana, similar to how representatives
for pharmaceutical
companies showcase their product to physicians.
Now, while the five
companies producing medical
marijuana struggle to stay alive
for lack of customers, the Cuomo administration wants to add five more grow - and - distribution licenses.
Also at 10 a.m., Assemblyman Richard Gottfried, state Sen. Diane Savino, parents, patients, advocates, and medical
marijuana companies hold a press conference to push
for legislation to reform medical
marijuana laws, Capitol, 3rd floor, outside Senate Chamber, Albany.
Bellafiore, the spokesman
for the
company, said the state made no promises to give ValleyAgriceuticals a
marijuana license if it dropped the lawsuit.
The «View» co-host, 60, has co-founded «Whoopi & Maya» a new
company making
marijuana products specifically
for women.
The
company, Empire State Health Solutions, is one of several that are applying
for a state license to manufacture medical
marijuana, with the goal of setting up shop at the Tryon Technology Park and Incubator Center in Perth, Fulton County.
New York state is preparing
for new medical
marijuana firms, granting conditional licenses
for five
companies.