Business

Does Aurora Cannabis Need To Merge With Another Canadian Licensed Producer To Survive?

Last week, rumors surfaced about Aurora Cannabis Inc. (ACB.TO) (ACB) and its plan to merge with a leading Canadian cannabis producer. The market initially responded favorably to the rumors and we were not surprised by this. If the transaction is completed, the combined company would rival Canopy Growth Corporation (WEED.TO) (CGC) and would have a more than 30% market share in Canada.

Legal cannabis sales in Colorado reach all-time high in May

Cannabis sales in Colorado set a new monthly record in May, reaching their highest level since broad legalization in 2014.

Dispensaries sold over $192 million worth of cannabis products that month, according to data from the state Department of Revenue’s Marijuana Enforcement Division compiled by The Denver Post. That figure is up about 29% from April and 32% from May 2019.

U.S. Cannabis Stocks: A Good Investment In A Bad Economy

The past year has been a tough one for publicly traded cannabis companies, particularly multi-state operators in the United States, many of whom have seen their valuations drop to a quarter of their early 2019 highs. This decline in value coupled with the current Covid-19 virus-fueled economic downturn has many investors sitting on the sidelines. But a host of factors are brewing that could cause a powerful tailwind for the U.S. cannabis industry.

How Can Canadian Licensed Producers Capitalize On The Worlds #1 Importer Of Medical Cannabis?

During the last year, we have noticed increased interest in the Israeli cannabis market and this is a market that we have been favorable on since inception. The climate in Israel is ideal for cultivating cannabis and we are bullish on the industry due to the economics that are associated with it.

Cannabis Legalization A Key Issue In 2020 US Presidential Election

Cannabis legalization will likely be an important issue for the U.S. presidential election of 2020.

That's according to a research report by Bank of America Securities analysts Bryan Spillane and Lisa Lewandowski.

However, the COVID-19 pandemic could put the debate on hold, they said.

The analysts break down the hypothesis into four elements, which include congressional activity, the Unity task force formed by Democratic candidate Joe Biden and Vermont Senator Bernie Sanders, cannabis taxation and legalization measures at the state level. 

5 Cannabis Catalysts for the Remainder of 2020

As any marijuana stock investor can tell you, the past 15 months haven't been pretty for pot stocks. Since April 2019, the vast majority of cannabis stocks have lost 50% or more of their value as growing pains have taken shape. In Canada, supply issues have led to everything from shortages to bottlenecks. Meanwhile, high tax rates on legal product in the U.S. have ensured that black market demand remains robust.

Illinois Has Raked in Nearly $53 Million in Taxes on Legalized Cannabis Sales in 2020

The state of Illinois set another new record for tax collections on cannabis sales in the month of June, raking in nearly $12 million, according to state officials.

The $11,954,246 that Illinois collected in taxes on legalized cannabis in the month of June set a new record for the state, breaking the previous record by nearly half-a-million dollars, according to Gov. J.B. Pritzker’s administration.

Over the first six months that cannabis has been legal in the state of Illinois, tax revenues have totaled up to nearly $52.8 million.