The federal Liberal Party of Canada was re-elected to power on Monday, demonstrating that it is not a political death knell for a party in Canada to propose and implement national cannabis legalization.
More interestingly, the Liberals only received a minority mandate this time–157 seats compared to the 184 seats it received last time.
Cannabis mergers have run aground since the tide went out on pot stocks. Earlier this month, MedMen Enterprises killed its $680 million deal with PharmaCann. A Tuesday press release by Cresco Labs proclaimed the completion of antitrust review for its $800 million merger with Origin House. But it went on to say the companies need to negotiate the terms of the deal they’d announced in April, when cannabis stocks were at their peak.
Struggling American farmers felt like they had just received a stay of execution last year when the word came down the pike that industrial hemp production was on its way to becoming legal again in the United States.
It meant they would no longer have to nickel and dime themselves to death by exclusively dedicating acreage to traditional crops like corn and wheat, and they might even be able to stay in the agricultural game long term without the risk of being put out to pasture.
While the Canadian cannabis market has had some hiccups and the U.S. market continues to face legal hurdles, the rest of the world, and particularly Europe, is starting to emerge with fast-growing potential, officials at three globally engaged cannabis companies said Tuesday.
SAN FRANCISCO — At a restaurant meeting in California a few years ago, Brad Hirsch and one of his law clients gathered over a meal with two potential business partners: Andrey Kukushkin and Andrey Muraviev, an investor who had flown in from Russia.
Cannabis, hemp and CBD experts, Dr Kaveh Kahen and Dr Toby Astill, discuss the analysis process for cannabis edibles, outlining the challenges and solutions available.
In 2017, the Specialty Food Association predicted that cannabis would be a leading trend in the food and beverage industry from 2018 onwards. Since then, several global food and beverage manufacturers have shown a strong interest in this space, having explored the addition of legalised cannabis to their product portfolios.
As Canada marks the one year anniversary of legal cannabis, Canadian marijuana stocks have plunged in value, and that appears to be hurting U.S. stocks in the sector, a major investor in the space said Tuesday at the Benzinga Cannabis Capital Conference.
The two should be separated, said investor Jason Wild, president and chief investment officer of JW Asset Management.
