Business

Aphria stock boosted by news of certification that will allow the Canadian company to ship medical cannabis to the EU

Canadian cannabis company is expecting to make first shipments to the EU by the end of May

Aphria Inc.’s U.S.-listed shares rose about 3% Tuesday, after news that the company has achieved GMP status in the European Union, clearing the path for it to start selling medical cannabis to pharmacies in Germany and other countries.

How To Play The U.S. Cannabis Industry In 2020

  • The U.S. cannabis market is quickly developing with medical marijuana currently legal in 33 states and recreational pot legal in 11 states.

  • Our top picks are Curaleaf, Green Thumb, Trulieve, and Charlotte's Web based on management, footprint/scale, balance sheet, and profitability.

  • We believe there are multiple ways of playing the U.S. cannabis sector but a prudent approach involves a basket of 3-5 stocks to reduce risk.

The U.S.

Canadian cannabis industry facing a credit crunch as scrutiny, skepticism mount

Small and mid-sized cannabis companies say they are finding it increasingly hard to obtain basic credit facilities from some of Canada’s largest financial institutions amid heightened scrutiny on the struggling sector.

“It seems that most charted banks do not want to entertain new applications for lines of credits, loans, or new bank accounts,” said Sam Rad, a marketing executive at CannaPiece Group Inc., a late-stage cannabis licence applicant.

Cannabis companies that got into the game earlier had more luck with the banks

Growth Potential for Cannabis Dispensary Stocks Is Massive in 2020

Cannabis Dispensary Stocks a Compelling Subgroup for Growth

Despite some analysts predicting that the legal cannabis market could eventually be worth $500.0 billion, we’re not quite there yet. The marijuana industry is still in its infancy and is experiencing growing pains.

One subcategory that has been performing exceptionally well—and is expected to continue doing so—is marijuana dispensary stocks.

Cannabis legalization may hit 40 states. Now what?

More than 40 U.S. states could allow some form of legal marijuana by the end of 2020, including deep red Mississippi and South Dakota — and they’re doing it with the help of some conservatives.

State lawmakers are teeing up their bills as legislative sessions kick off around the country, and advocates pushing ballot measures are racing to collect and certify signatures to meet deadlines for getting their questions to voters.

High Times Magazine Branching Out, Profit Potential With Branded Dispensaries

High Times, the venerable marijuana-focused magazine that’s undergone major diversification the past two years, is taking a big step beyond its media roots with plans to open stores in Los Angeles and Las Vegas that actually sell the stuff.

The company also named cannabis retail veteran Paul Henderson as president and interim CFO, charged with heading the dispensary initiative. Stormy Simon, a former president of Overstock.com, was recently named High Times CEO, and will focus on digital initiatives.