It is tough and expensive to have an ad flighted during the Super Bowl. This year, for the first time, an advertisement featuring cannabis came close, but was ultimately discarded because it was not consistent with TV network CBS’s advertising policy.
Cannabis legalization sparked interest among Floridians, who took matters in their own hands last year. Voters in Florida, along with some cannabis companies, launched campaigns to gather signatures. The signatures would qualify marijuana legalization for the November 2020 ballot. Most people wonder if cannabis is legal in Florida. The support in the state looked good. As a result, there was hope that marijuana would see daylight in the state in 2020. However, Florida faces some hurdles.
Cannabis companies are poised to see sales grow by nearly nine times through 2030 as legalisation gains popularity and distribution widens, according to Morningstar’s latest research.
Europe got its first cannabis exchange-traded fund this week. The news is as much a sign of pressures in the North American pot industry as one of pent-up demand among European investors.
Technology powered by artificial intelligence (AI) has quickly evolved in traditional indoor agricultural production in recent years, as companies use the vast amounts of data produced in their operations to make better production and management decisions.
Now, indoor hemp growers are jumping on the AI bandwagon.
The technology helps companies:
Entrepreneurs who broke into Colorado’s cannabis industry at the ground level — the growers — have endured economic whiplash over the last two years as the market for wholesale flower experienced volatile swings in price.
The average market rate slumped to a low of $759 per pound in 2018 after peaking at $2,007 per pound in early 2015. That rate has rebounded to $1,316 per pound this month, after five consecutive quarters on the rise, reaching the highest price in three years.
The cannabis industry had a busy week of expos, beginning with Lift & Co. in Vancouver leading into CannaCon's Northwest show. CannaCon Tacoma is CannaCon’s flagship expo that is now in its seventh year. Running from January 10-11, this two-day expo offers access to the featured exhibitor booths as well as educational seminars with topics from the future of cannabis marketing to need-to-know cannabis business operations.
Gov. Gavin Newsom is recommending a major overhaul to how California regulates its multibillion-dollar cannabis industry, with changes aimed at streamlining oversight and tax collection included in the proposed state budget he released Friday morning.
Last year was supposed to be when marijuana stocks proved their worth to Wall Street by translating substantial sales growth into recurring profits. Unfortunately for these companies, and their investors, it didn't work out as planned. Supply issues throughout Canada and high tax rates in a number of legalized U.S. states dumped fuel on the fire that's allowed the black market to thrive. The end result was that pot stock investors were creamed.
Aurora shares on Friday are tumbling as analysts cut their ratings and price targets on the medical-cannabis-products company.
Aurora Cannabis (ACB) - Get Report shares were tumbling on Friday as analysts cut their ratings and price targets on the medical-cannabis-products company.
Bank of America and Piper Sandler cut their ratings on the Edmonton, Alberta, company to the equivalent of sell from neutral.
