Business

Short Sellers Up the Ante in Cannabis Stocks

Cannabis stocks in general stumbled in the latter half of last year. Wall Street expects profits, and none of these companies is anywhere near profitability. In the United States, high state and local taxes took a toll on sales, as did the lack of federal legalization of marijuana for either medical or recreational use.

While a fair number of these companies are based outside the United States, many of them trade on U.S. indexes. With Canada legalizing weed back in October of 2018, many hope that the United States will follow in the near future.

Three Positive Steps Cannabis Businesses Can Take During Trying Times

While businesses navigate the impact of the coronavirus, I've found it can be very difficult to maintain a positive mindset. As the CEO of a cannabis consulting company, I've outlined three positive strategies cannabis leaders can consider implementing during these challenging times:

Strategy 1: Refine your policies.

If your company is no longer operating or your business has slowed dramatically, take this time to define or refine every process, procedure and policy that governs the company.

Ontario Plans Craft Cannabis Protections & On-Site Retail

Ontario’s cannabis wholesaler has announced plans for new craft cannabis regulations and to allow on-site cannabis shops for licensed growers.

Ontario’s cannabis wholesaler entity is reportedly planning to create regulations for a craft cannabis market and to allow for on-site cannabis shops at licensed growers/producers, Marijuana Business Daily reports.

Marijuana Legalization Could Provide Much-Needed Economic Relief To America Post-Pandemic

Top marijuana CEOs argue that legalization could provide the American economy a necessary shot in the arm after the coronavirus pandemic.

When the fog that is the coronavirus pandemic lifts, and the threat subsides, Americans will discover an economy in serious need of repair. Most up-to-date reports indicate that more than 26 million Americans have filed for unemployment, erasing the 22 million jobs gained since the Great Recession in 2009.

A way to get some jobs back? According to prominent cannabis CEO, marijuana legalization is a crucial part of the solution.’

Contributions From The Cannabis Industry During COVID-19 Quarantine

 

From hand sanitizer to testing technologies to million-dollar memorials, the cannabis industry is stepping up.

Amid a growing wave of criticism, it’s essential to keep in mind the bipartisan advantages of the cannabis industry, including the charity of several businesses. Cannabis is a proven medicine with distinct economic benefits and a giving community.

44 House And Senate Members Are Calling For Cannabis Business To Gain Access To Forthcoming COVID-19 SBA Funding

Ten senators today joined 34 members of the U.S. House in calling for the ability of the nation’s cannabis companies in states that are “legal” (for medical or adult use or both) to access any upcoming Small Business Administration (SBA) relief funds during the current COVID-19 pandemic.