Aurora Cannabis Inc.’s stock tumbled nearly 12% Tuesday, after the Canadian company said it’s recording up to C$1.8 billion ($1.4 billion) of goodwill impairment charges on some of its past acquisitions.
You might not know it by looking at the poor performance of most cannabis stocks over the past 17 months, but marijuana is projected to be one of the fastest-growing industries this decade. With tens of billions of dollars in North American pot sales conducted in the black market each year, Canada's legalization of adult-use weed in Oct. 2018 and a steady stream of state-level legalizations in the U.S. has rolled out the green carpet for illicit users to become legal-channel consumers.
THCA is the acid form of THC that’s found in the raw cannabis plant. What does all this mean though, and how can THCA have a positive impact on one’s life?
The cannabis plant contains over 400 chemical entities and more than 60 of them are cannabinoid compounds. One of these cannabinoid compounds is THCA (tetrahydrocannabinolic acid), which contains its own variety of medicinal properties and therapeutic effects.
The U.S. Department of Agriculture (USDA) said it wants to hear more from the public about proposed hemp regulations under the 2018 U.S. Farm Bill. USDA announced Friday it has reopened a public comment period to add viewpoints to the 4,600 already received by the agency.
There are other ways to buy legitimate marijuana without making it mega cheap.
The Illegal cannabis market continues to be one of the biggest threats to legal marijuana industry, whether through diverting revenue from licensed businesses or stunting the growth of legal MJ companies across the United States.
Though industry advocates persist in their pitches that legalization – either through new states coming on board or a federal mandate – would put an end to the illicit market, their argument has not come to fruition.
Full disclosure doesn't come easily to a once illicit industry emerging from the shadows.
Shifting the focus of an industry from allowing no information to escape to requiring absolute transparency is a monumental task. Even with tools to provide excellent data consistently, openness and accurate bookkeeping are yet to be normalized in the cannabis insurance world.
Until recently, cannabis operated in the margins of culture and was often dismissed as a fringe industry.
While most businesses closed in the name of public safety amid the Covid-19 crises, a select few were deemed essential businesses and allowed to stay open. That list included health care providers, law enforcement agencies, grocery stores, pharmacies and cannabis dispensaries.
“Times have changed. Marijuana should not be a crime,” Sen. Kamala Harris (D-CA) said last year when she and Rep. Jerry Nadler (D-NY) introduced the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act). The current Democratic vice-presidential nominee called the legalization of marijuana an important step "toward racial and economic justice."
