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, […]
Cannabis Investments
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 […]
Another major Wall Street firm starts covering cannabis as industry gains legitimacy
Piper Jaffray initiated coverage on cannabis producers Tilray and Canopy Growth on Tuesday, joining a short — but growing — list of Wall Street brokerages watching the industry. While admitting “we still have much to learn in the sector,” analyst Michael Lavery set overweight ratings for both Canadian marijuana companies and told clients to expect […]
The Fastest-Growing Marijuana Stocks in 2019
The marijuana industry produced about as bifurcated a year as investors could have imagined in 2018. By the time the curtain closed, validity had been gained like never before, but pot stocks had been absolutely leveled. On the bright side, Canada became the first industrialized country in the world to legalize recreational pot in October, with […]
Marketing a Cannabis Company for Sale
Step 1: Define Your Strategy 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 1: Define Your Strategy,” is part one of a five-part series. Whether a company is looking to sell immediately or […]
Will Hemp-Derived CBD Be Fully Legal with Passage of the 2018 Farm Bill? Not Quite…
By Ian Stewart, Wilson Elser Public interest in the potential health benefits of CBD (cannabidiol) is responsible for a whole new market segment of health and wellness foods and supplements that features CBD as an ingredient. CBD is one of more than 100 cannabinoids in the cannabis plant, but unlike THC (tetrahydrocannabinol), CBD is not […]
Aurora Cannabis Shares Gain on Post-Legalization Sales in Canada
Aurora Cannabis Inc., the first pot producer to report earnings since Canada legalized marijuana last month, gained as much as 5 percent in pre-market trading after profit and sales surged. Aurora posted C$29.7 million ($22 million) in revenue for the fiscal first quarter ended Sept. 30, up from C$8.2 million a year earlier. Although the […]
Tilray stock up 30% after cannabis foe Jeff Sessions resigns under pressure
Shares of major marijuana companies rallied after Attorney General Jeff Sessions resigned Wednesday after months of public criticism from his boss, President Donald Trump. Canada-based Tilray closed up 30 percent while Canopy Growth and Aurora Cannabis rose 8.1 percent and 9 percent respectively. Cronos Group added 8.4 percent. “You’re happy if you’re long the cannabis stocks. He was the biggest roadblock to broadening that out to […]
Cannabis Stocks Get Boost After Michigan Votes To Legalize Recreational
Michigan voted on Tuesday to legalize marijuana for recreational use, ending decades of prohibitive regulation and ushering in a new era of cannabis law and a burgeoning cannabis industry, according to an NBC projection. Cannabis stocks got a boost following midterm election results which largely favored the marijuana industry. Shares of major Canada-based cannabis companies […]
4Front Raises $31M In Oversubscribed Funding Round
PRESS RELEASE PHOENIX, Oct. 25, 2018 — 4Front Holdings, LLC (“4Front”), a leading U.S. cannabis retail and brand development company, is pleased to announce that it has completed a private placement of equity securities for gross proceeds of approximately $31 million (the “Offering”). Due to strong investor demand, the Offering size was increased from its initial amount of $15 million. […]
O Canada! What Canada’s Nationwide Legalization of Cannabis Means for American Financial Institutions
By Whitt Steineker, James W. Wright Jr. and Riley McDaniel Today marks a significant shift in cannabis policy, both domestically and internationally, as Canada becomes the first industrialized nation in the world, and only the second nation overall, to legalize cannabis. This follows the passage of The Cannabis Act in June of this year, which […]
Here are the most popular marijuana stocks as Canada becomes the largest country to legalize
Popular marijuana stocks fell across the board Wednesday, paring extreme gains so far this year, as investors cashed in a bit of their bet as Canada became the largest country to legalize the recreational use of cannabis. After months of political haggling and legal debate, Canada joined the U.S. states of California, Massachusetts, Maine, Alaska, […]
No. 1 Wall Street pot analyst says the marijuana market will be much bigger than she first thought
The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. “With cannabis, you’re talking about this massive step change in terms of the addressable market,” Vivien Azer said on CNBC’s “Squawk Box” Wednesday. “You’re bringing […]
This Lab Raised $10 Million To Expand Cannabis And Hemp Cloning Production
Industrial scale production has dominated store shelves for decades. Now that formula is being adopted by the cannabis industry. For Front Range Biosciences (FRB), mass propagation of crops starts in the lab, where consumer cannabis is selectively cultivated and sold to licensed growers. Today, the agricultural biotech startup, which works with coffee strains and industrial hemp clones as […]
