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Aurora Cannabis lays off workers after signing new sales broker deal

Aurora Cannabis Inc. says it has laid off some workers after signing an agreement with an external sales broker.

The Edmonton-based cannabis company’s spokeswoman Michelle Lefler confirmed the cuts but wouldn’t disclose the number of staff impacted or what cities they were located in.

Lefler says the move was prompted by Aurora’s recent decision to hire Great North Distributors Inc. to represent the pot company in sales activities across Canada.

Canada’s ‘croptober’ surge pushes cannabis inventory over 1 million kilograms

Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020, according to new data offering a statistical glimpse of the country’s first large-scale “croptober” – when most of the fall outdoor harvest comes in.

The 220,461 kilograms (221 metric tons) of new cannabis is about 50% more than the previous monthly record, in October 2019, likely owing to the first outdoor yields.

The Biden Presidency Looks To Be Installing Several Pro-Cannabis People Into Key Roles In Government

After Kamala Harris was nominated to be President Elect Joe Biden’s running mate, we knew that brighter days were ahead for the cannabis industry……..and the market seemed to agree with us.

After Joe Biden was projected to win the election, the cannabis sector recorded strong moves to the upside for almost two months. Although the sector has come off its recent highs, we believe the recent additions to President Elect Joe Biden’s cabinet send a very bullish sign to the cannabis industry.

United Nations approves WHO recommendation to reschedule cannabis in historic vote

In a huge step forward for cannabis legalization and global drug reform, the UN Commission on Narcotic Drugs (CND) voted on Wednesday to pull cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs. Under the UN’s system, Schedule IV substances are considered the most dangerous and addictive drugs.Cannabis will no longer be classified as a drug as dangerous as heroin.

Here's why a Biden administration will be good for the US cannabis industry, even though it's unlikely he'll legalize marijuana federally

President-elect Joe Biden will be good — but not great — for the cannabis industry, analysts, executives, and other experts say.

While Biden has stopped short of endorsing federal legalization, both he and Vice President-elect Kamala Harris, have campaigned on decriminalizing marijuana.

4 Marijuana Stocks to Buy Trading Under $10 With Massive Upside Potential

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it’s pretty hard to get any decent share count leverage.

Legal weed won big in the election, and will likely will trigger a domino effect of legalization

Plenty of uncertainty remains with the 2020 election, but one thing is clear: Recreational cannabis had a big night at the ballot box.

Voters in Arizona, Montana, New Jersey and South Dakota cleared cannabis for adult use, bringing the total number of states that have approved it for that purpose to 15.

Marijuana Stock Blip Hints at Canada Doubts

The U.S. election opened a small but noteworthy gap between Canadian and U.S. cannabis companies last week, underscoring all of the unanswered questions that investors face as access to pot spreads across the world’s largest economy.

New Jersey, Arizona, South Dakota and Montana voted to legalize recreational use last week, while Mississippi and South Dakota will allow medical marijuana. This puts about 21 million more Americans in the reach of cannabis products -- more than half Canada’s total population of 38 million.