A lack of profitability is what makes investing in cannabis very risky. That's why selecting stocks that have been profitable recently is a good way for investors to minimize their overall risk exposure in the industry. A cannabis company that's able to hit breakeven is already several steps ahead of many of its peers.
Things are finally brightening for the Canadian cannabis industry, but don’t expect it to show up in companies’ results anytime soon.
This week marks the earliest that newly legal formats including vapes, edibles and beverages can hit store shelves, although very few products will be available until early 2020, according to companies and provincial wholesalers.
“We do grams, eighths, quarters, half ounces, pounds, wholesale pounds — however you want it,” Jacob Stretch said, standing between crates of dried hemp in his living room that doubles as his hemp processing and drying facility. Stretch, owner of Chesapeake Blue, just finished his first season growing industrial hemp as a registered grower and processor on his family’s farm.
QUITO, Ecuador (AP) — Unrelenting pain in her hips and weeks of insomnia left Nelly Valbuena desperate for relief from her metastatic breast cancer.
The university professor found freedom from her disease’s cruel side effects in an unexpected remedy: CBD, a compound extracted from the cannabis plant.
Now Valbuena is pushing Ecuador’s government to put into effect recently passed legislation permitting medicinal use of cannabis products so others like her suffering from agonizing illnesses can have new options for pain relief.
With the high attendance at the first two days of the 2019 MJBizCon, it came as no surprise that the last day was also a hit. Attendees were as eager as ever to connect with individuals and businesses from all across the industry at the largest B2B cannabis event of the year. High Green News is proud to be a part of an industry that shows the support that we’ve witnessed while at MJBizCon. While we are sad to see the 2019 show come to an end, we know everyone is already looking forward to coming together for next year’s event and making it bigger and better than ever.
American investors can now turbocharge their cannabis bets with a new juiced-up exchange-traded note.
The MicroSectors Cannabis 2x Leveraged ETN, which began trading Wednesday under the ticker MJO, is the first of its kind in the U.S. It will charge 95 basis points — or $9.50 for every $1,000 invested — according to regulatory documents.
Two Republican lawmakers introduced legislation on Wednesday that would legalize medical marijuana in the state, an indication GOP lawmakers are warming to a proposal that has for years failed to become a reality in Wisconsin.
But the bill from Rep. Mary Felzkowski, R-Irma, and Sen. Kathy Bernier, R-Chippewa Falls, which would create a regulatory framework for medical marijuana, already faces stiff opposition from Senate Majority Leader Scott Fitzgerald, R-Juneau.
After months of delay, those with past marijuana offenses are again close to having their convictions cleared.
The latest expungement bill, A5981, will go before both houses for of the Legislature for a vote Monday, as the state Assembly Appropriates Committee cleared the bill on Thursday. If passed, Gov. Phil Murphy would need to sign the bill for it to become law.
Due mainly to legal reforms at the state level, 2019 legal cannabis sales are expected to generate over $10 billion in revenue. Products ranging from buds, oils, and tinctures are increasingly being used medicinally to treat chronic pain, cancer, terminal illness, and some stress-related mental disorders. Recreational use is becoming legal in a growing number of states.
Bankruptcy and the CSA
The Colorado Department of Agriculture (CDA) has approved four new industrial hemp seed varieties, bringing the total number of approved industrial hemp seed varieties in Colorado to 17.
Following a year-long, statewide THC validation and observation trial period, the newly approved industrial hemp seeds are now eligible to be grown by members of the Colorado Seed Growers Association (CSGA) for production of CDA Approved Certified Seed.
