Cannabis pioneer and former Canopy Growth co-CEO Bruce Linton announced Thursday he’s landed a new job atop a growing U.S. marijuana company.
Linton tells Yahoo Finance he’s taking on the role of Executive Chairman at Minneapolis-based Vireo Health (VREOF), a U.S. multi-state operator with licenses to operate in 10 states and Puerto Rico.
After a judge ruled the state's ban on the sale of vaping products is "likely invalid" for medical marijuana patients, it's up to the Cannabis Control Commission to decide if the products will remain off the market.
Drake is getting into the cannabis business.
Together with cannabis producer Canopy Growth Corp, the musician and entertainer is launching the More Life Growth Company, a licensed cannabis producer based in Drake’s hometown Toronto.
“The opportunity to partner with a world-class company like Canopy Growth on a global scale is really exciting,” said Drake in a statement.”The idea of being able to build something special in an industry that is ever growing has been inspiring. More Life and More Blessing.”
Kym Byrnes is the co-founder and Chief Marketing Officer at TribeTokes, a brand that “creates and distributes merchandise with an elevated aesthetic for the next generation cannabis consumer - who respects plant science, consumes mindfully and expects top quality products from trusted brands.”
California has the largest legal marijuana market in the world, with licensed cannabis sales in the state expected to reach $3.1 billion in 2019, which is up from the $2.5 billion sold in 2018.
Keep in mind that 2018 was the first year of legal sales, so the legal marijuana market in California is still in its infancy. By 2024, it is expected to surpass $7 billion.
When Uruguay became the first nation in the modern era to legalize weed in 2013, most of its citizens were against it. Yet, despite deep public skepticism, none of the challenges or perceived failures of the law have been enough to generate momentum to try and reverse it. Instead, during the first round of national elections last month, cannabis legalization had all but been forgotten as an issue. It had retreated into the political background.
Over the past six months, cannabis stocks have turned into the 2019 Cleveland Browns of the investing world. In effect, enthusiastic fans widely expected this group of equities to be world beaters heading into 2019, but their on-the-field performance has been another thing entirely so far this year.
At AgraPharm LLC’s warehouse in Beaver County, the scent of cannabis is potent.
“What you're smelling today is about only a third of what it really smells like when we first harvest the crop,” said AgraPharm’s CEO Ed Santillan.
The hemp drying inside was harvested about two weeks ago. There are rows and rows of it, stalks as much as 8 feet long, hanging from orange plastic netting secured to the ceiling.
“Cannabis is the new gold rush!” veteran hotelier Roger Bloss, a partner in eight large 420-friendly developments in California and throughout the U.S, tells The Hollywood Reporter.
Although often considered a weed, cannabis has many needs that growers must accommodate. Watering, fertilisation, light levels, carbon dioxide, and temperature, amongst many other factors, all have an impact on crop performance. When developing an overall plan for a garden, some growers might not consider that many individual factors, like each of those previously mentioned, could be the limiting factor in the performance of their cannabis crop production.
