Business

Aurora Cannabis Can “Strengthen” Its Balance Sheet In The Future But Shareholders Will Once Again Get Massively Diluted

During the last month, we have highlighted Aurora Cannabis Inc. (ACB.TO) (ACB) as a former leader in the Canadian cannabis market and emphasized the company’s need to raise additional capital.

Our prediction came true and today, Aurora Cannabis filed a base shelf prospectus to raise up to $500 million over the next 25 months. The prospectus did not provide much details on the offering as it relates to the type of security that may be sold and we expect to receive more clarity from the Canadian cannabis producer in the near future.

Gwyneth Paltrow says cannabis is the ‘hero ingredient of the future’ as she invests in cannabis-infused beverage maker

Goop CEO and founder Gwyneth Paltrow is the latest Hollywood celebrity investing in the cannabis industry. The actress-turned-wellness guru just announced she’s backing Cann, an cannabis-infused beverage maker.

As COVID-19 Rattles Global Markets, Cannabis Commerce Shows Resilience

In the second quarter of 2020, the United States recorded the largest drop in economic output since it began being tracked in 1947. Outside the U.S., many global economic indicators are showing similar signs of distress. Despite the global economic downturn resulting from the COVID-19 pandemic, legal marijuana in the United States continues to post record cannabis sales — effectively weathering the storm.

Hemp Farmers Eligible for Second Round of USDA Coronavirus Relief

Hemp farmers will have access to the second round of the USDA’s coronavirus relief plan, which will cost $14 billion and continue through December 11.

Hemp farmers are eligible for expanded U.S. Department of Agriculture coronavirus aid under a $14 billion plan announced by the agency last Friday. The program begins today and runs through December 11.

Vermont Lawmakers Finalize Bill for Cannabis Marketplace

Two years after legalizing, Vermont lawmakers have reached a final agreement on their proposal for a regulated adult-use cannabis marketplace.

Lawmakers in the Vermont House and Senate came to an agreement last night over legislation to legalize and regulate adult-use cannabis sales. The bill S.54 previously passed both legislative bodies but in different forms. Now, those differences have been reconciled and the bill needs final approval from the House and Senate it heads to the governor’s desk.

A Detailed Guide on How to Start a Profitable Cannabis Dispensary

If you love cannabis, it seems like a dream job to be around it all day, talk about it all day and help people find the best strains to smoke and edibles to eat. Here’s the thing — this dream can become a reality.

Cannabis brought it more than $50 billion in sales and a nearly 80% jobs increase in a recent calendar year. Needless to say, opportunities are abundant.

5 States Prepare Vote on Marijuana Legalization in November

There could be a lot more smoking going on in New Jersey, Arizona, South Dakota, Montana, and Mississippi after the November vote.

In the upcoming election, a clutch of U.S. states will decide on the legalization of marijuana.

All told, four states currently have some kind of legalization proposal regarding recreational sale and use on the ballot for the Nov. 3 vote -- New Jersey, Arizona, South Dakota, and Montana. The two most populous states in that group, New Jersey and Arizona, are polling in favor of legalization.