Sequel to “Warning to Americans Investing In Certain Canadian Cannabis Stocks That Have A U.S. Presence” Last month, I wrote about the major dividend tax withholding rate differences existing amongst the various types of stock holding entities, ranging from 0% for retirement accounts to 25% for non-retirement accounts. With many stocks more than 50% off […]
Cannabis Investments
Did the Tax Cuts and Jobs Act Remove the Teeth of 280E?
It seems that a cannabis dispensary could make a very strong case to run a portion of rent, payroll, utilities, security, and other overhead items through cost of goods sold…
Marijuana-derived epilepsy drug doubles sales, sending GW Pharma stock soaring
GW Pharmaceuticals PLC reported Tuesday afternoon that sales of its cannabis-derived epilepsy drug more than doubled from the previous quarter, sending shares spiking more than 11% higher in after-hours trading. GW Pharmaceuticals GWPH, +10.22% reported second-quarter sales of $68.4 million for Epidiolex, which uses cannabidiol, a compound present in cannabis plants to treat certain forms of epilepsy. Wall Street […]
Warning to Americans Investing In Certain Canadian Cannabis Stocks That Have A U.S. Presence
You could be (up to) 33% worse off than compared with investing in U.S. stocks because of taxes! Learn the rules on minimizing the additional taxes before you invest. Investors be aware, not all US investors in Canadian stocks are treated equally for tax purposes! There has recently been a flurry of Canadian resident corporations deciding […]
Another marijuana company is paying big to get in on the Illinois market. Chicago-based Grassroots Cannabis to be sold for $875 million.
Grassroots Cannabis is set to be acquired for $875 million, becoming the latest Chicago-based marijuana company to draw a blockbuster price tag from an out-of-state operator. Curaleaf Holdings, based in Massachusetts, announced Wednesday morning its plan to acquire Grassroots. The acquisition will allow Curaleaf to expand its presence into states where it does not already […]
These 35 Cannabis Stocks Fell at Least 10% in May
Throughout most of 2019, marijuana stocks have been virtually unstoppable. In the first quarter alone, the first-ever cannabis exchange-traded fund, the Horizons Marijuana Life Sciences ETF, advanced by more than 50%, with 14 prominent pot stocks gaining at least 70% through March. Although gains slowed a bit in April, most cannabis stocks were still handily outperforming the […]
The impact of the next recession on cannabis
By David Traylor In 2019, warning signs have been intermittently flashing red for a potential economic downturn. The indicators, which include forecasted lower GDP numbers in China, falling U.S. Manufacturing PMI, some slowing economies around the world and ongoing Brexit uncertainty, are some of the issues giving investors concern. Cannabis investors should monitor the potential for a recession […]
The 10 Best Marijuana Stocks in April
Believe it or not, marijuana stocks proved fallible in April. Although spring typically brings the green, the Horizons Marijuana Life Sciences ETF, a broad-based cannabis fund holding around four dozen pot stocks of various weightings, lost 1.6% during the month of April. Then again, don’t start crying the blues for pot stocks, with the Horizons Marijuana […]
Here’s Who Sold the Most Marijuana Last Quarter
Following the opening of Canada’s recreational adult-use marijuana market last October, top marijuana stocks could capture billions of dollars in sales as consumers shift their spending from the black market to licensed marijuana retailers. The potential to profit from pot is sparking a green rush of investment that has some marijuana growers already benefiting more […]
Denver company avoids Colorado ban on publicly traded pot companies
As Colorado’s legislature considers whether to allow publicly traded cannabis companies to operate in the state, one such company in Denver has been doing so for months. Founded in 2010 by John Fritzel, then a bankrupt former Subway franchisee, and two of his friends, MJardin has become a significant player in North America’s cannabis industry. In […]
Marketing a Cannabis Company for Sale, Part 4
Part 4: Confirm Deal Terms In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert, walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Part 4: Confirm Deal Terms,” is part four of a five-part series. At this point in the process of marketing your […]
Marijuana Stock Aurora Cannabis Is Soaring Because a Top Analyst Sees Profits Around the Corner
Aurora Cannabis stock was rising sharply on Tuesday, up more than 9% following a bullish call from Cowen & Co. The back story. Aurora Cannabis stock (ACB) has been on a tear in 2019, rising 58.5% since the start of the year. It hasn’t been a straight shot upward for the Canadian cannabis company, but Aurora’s acquisition of Whistler Medical […]
A Big Pension Fund Is Going Bigger on Marijuana Stocks
The biggest pension fund in the U.S. has increased its exposure to marijuana stocks. Barron’s has reported that although the California Public Employees’ Retirement System, commonly known as Calpers, has a ban on investing in tobacco stocks, it is free to invest in companies that produce marijuana for recreational use, and marijuana products. In the fourth quarter, […]
This Marijuana Stock Just Made History (No, It’s Not Canopy Growth)
Investors have been flocking into marijuana stocks, and the returns that cannabis companies have generated for their shareholders have been impressive. Yet many investors are still shying away from companies in the marijuana industry because of the legal and logistical challenges involved with the business. In addition, the fact that so many of the most popular […]
Aurora Cannabis Sales Strong As Losses Swell, Offers ‘First Real Look’ At Canadian Pot Sales Potential
Canadian marijuana producer Aurora Cannabis (ACB) reported fiscal second-quarter sales that came in at the high end of an earlier forecast, even as the company’s losses ballooned. Aurora Cannabis stock and other marijuana stocks were mostly lower after Monday’s close. The company’s results arrive as investors look for more insights into how Canada’s biggest pot companies are […]
Marketing a Cannabis Company for Sale, Part 2
Step 2: Put Your Team in Place In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Step 2: Put Your Team in Place,” is part two of a five-part series. After mapping out your strategy […]
Football great Joe Montana looking to score with marijuana
Hall of Fame quarterback Joe Montana, looking to hit pay dirt in the legal marijuana industry, is part of a $75 million investment in a pot operator, it was announced Thursday. San Jose, California-based Caliva said it will use the investment to grow a company that includes a farm, a retail store, distribution center and […]
Aurora Cannabis makes a ‘blessed’ buy of organic marijuana producer
Aurora Cannabis Inc. said Monday it intends to acquire the one of the last independent members of the so-called “blessed eight,” a group of marijuana companies given the first approval to move cannabis genetics from the black market into the legal regime. Aurora ACB, +4.28% ACB, +6.26% said it would pay up to C$175 million ($132 million) in stock for […]
