Business

Although Aurora Cannabis (ACB.TO) (ACB) does not have the best track record with maintaining business relationships, the new management team has help keep things under control…until now.

Yesterday, CTT Pharmaceutical Holdings, Inc., (CTTH), an innovative life sciences company with a portfolio of intellectual property (IP) in novel drug delivery systems, reported to have filed a statement of claim with the Ontario Superior Court of Justice against Aurora Cannabis.

Through boom and burst of the cannabis equity cycle, two things became abundantly clear: multi-state operators (MSOs) often outperformed their Canadian rivals and accessing MSOs through most New York-listed marijuana exchange-traded funds was difficult.

What Happened: Accessing cannabis MSOs via the ETF wrapper will soon get easier because AdvisorShares is launching the AdvisorShares Pure US Cannabis ETF NYSEMSOS on Sept. 2.

Stakeholders, focused on forthcoming recommendations for how a social equity bill should be implemented, debated the details that define equity, from income to disproportionately impacted areas.

Last week’s Colorado Department of Revenue Marijuana Enforcement Division rulemaking workgroup on how a social equity bill will be implemented zeroed in on local control, income thresholds for applicants, and the definition of disproportionately impacted areas. 

Three reasons why liquid weed is poised to skyrocket.

Look for cannabis-infused drinks to make a splash next year. According to the ‘Disrupting Drinks’ report published by cannabis market intelligence firm Prohibition Partners, cannabis drinks are likely to pose a threat to the dominating alcoholic beverage industry. The report also states that the market for cannabis-infused drinks is expected to rise to an estimated $4 billion by 2024. 

As the cannabis industry continues to expand, so too will the universe of existing and potential banking customers that will necessarily have financial or business relationships with licensed cannabis companies (“Licensees”).

Pennsylvania is deep in the red, and the culprit is COVID-19. But if the federal government can’t save the state, can marijuana?

That’s what the Keystone State appears poised to try. If it does, the state might need to prepare to be disappointed.

Gov. Tom Wolf imposed strict social-distancing measures in March to smash the novel coronavirus, and while it worked—Pennsylvania’s rate of new infections is among the lowest in the United States—it came at great cost.

These pot stocks are short on hype and strong on revenue

Investors searching for marijuana stocks to buy are looking to get green. So how can investors identify stocks that will “get green?” From investors’ perspective this should likely relate to price appreciation. However, there is no exact formula for price appreciation. But there are fundamental, technical and other indicators which catalyze stocks to rise in price. From my perspective that means sales, deal making and execution of strategic vision are the factors which most strongly predict success. 

From getting to know your target audience to adhering to strict state regulations, Ashley Grace, founding CMO for Charlotte’s Web, outlines his top branding strategies.

The ongoing COVID-19 pandemic has certainly put a strain on many businesses, and while the cannabis industry has fared better than most after being deemed an essential business in many states’ shutdown orders, cannabis and hemp businesses are not immune to challenges stemming from the coronavirus crisis.

Amidst the COVID-19 pandemic, a new report expects Canada’s recreational marijuana industry to double revenues this year and grow more than 500% by 2025. This should be good news for cannabis ETFs, many of which are far off their highs.

In October 2018, Canada became the second country to make recreational cannabis legal nationwide. This sparked a huge rally in cannabis stocks, such as Canopy Growth (CGC) and Tilray (TLRY). It also sent ETFs focused on the cannabis industry surging. 

Very simply, marijuana legalization is not some wild experiment that has never been done before. And now, of course, we are beginning to see the same experience in some places in the United States.

In the midst of the pandemic, there is much uncertainty about almost everything, but one thing does seem certain: America is going to be much poorer. Or, to put in a global perspective, America and a few other countries will be much less rich and the rest of the world will be much, much poorer, and no wall or welfare program will protect us.