The state is in the process of creating a second stop-gap licensing program for the cannabis industry to avoid a potential disruption in the supply chain for California’s newly legal marijuana market. Since the state’s recreational marijuana market kicked in, on Jan. 1, the state has issued only temporary business... Read more
Move over marijuana heavyweights, the rookies are taking over. The recent pot mania has seen a slew of companies looking to get in on the sector and stock returns this month have overshadowed larger and more established marijuana companies, including Canopy Growth, Aurora Cannabis and even high-volatility Tilray. September’s... Read more
Cannabis-laced drinks could be a $600 million U.S. market by 2022
Uncategorized September 28, 2018
Drinks infused with marijuana-derived compounds could swell to become a $600 million market in the U.S. within the next four years, outpacing the growth of other categories of retail cannabis products, according to analysts at Canaccord Genuity. Beverages with CBD or THC ingredients could grow to capture about 20... Read more
Opinion: When stock-market smoke clears, marijuana profits may be in familiar hands
Uncategorized September 26, 2018
Investors may be betting on marijuana in all the wrong places. Enthusiasm for pot stocks reached a fever pitch last week when investors piled into British Columbia-based Tilray Inc., a developer of cannabis medicinal products, doubling its stock price over three trading days through Wednesday. Volume for Tilray’s stock... Read more
Three Kern County marijuana ballot measures to compete in November
CaliforniaUncategorized September 25, 2018
Depending on where you live, you may see two marijuana measures on your ballot or just one. Three initiatives by two citizens groups have qualified for the November Kern County ballot through signature drives that collected more signatures than 10 percent of the city and county’s voting population. Although... Read more
Outcomes vary for would-be Napa cannabis retailers
CaliforniaUncategorized September 25, 2018
One group hoping to launch Napa’s market for medical cannabis hopes to open its doors by year’s end. Meanwhile, another would-be seller is seeing more than three years of effort put on hold. In the 10 months since Napa opened a path for merchants to open medicinal marijuana dispensaries,... Read more
Sonoma County says it’s shut down more than 600 illegal cannabis operators since last year
CaliforniaUncategorized September 24, 2018
Sonoma County on Friday touted its efforts to rein in unauthorized cannabis operations after facing criticism from some rural residents who say county officials haven’t done enough to shutter pot farms that don’t have permits. Since the start of last year, code enforcement staff members have forced more than... Read more
Martinez council leery about letting marijuana business operate in same building as ‘youth center’
CaliforniaMedical MarijuanaUncategorized September 24, 2018
MARTINEZ — Though most City Council members said Wednesday they’re OK with having a medical marijuana dispensary in town, they noted that putting one next to a gym visited primarily by children and teens may not be a great idea. The council postponed deciding whether to grant operating permits... Read more
Marijuana stock trading is dominated by dudes and millennials
CaliforniaUncategorized September 24, 2018
Marijuana stock trading is dominated by dudes. Men accounted for 75 percent of all cannabis-related securities trades over the past month, according to data from TD Ameritrade, the online broker with 11 million clients who hold more than $1 trillion in assets. At the end of last year, baby... Read more
Opinion: Investors can chill about marijuana stock highs
Uncategorized September 21, 2018
Marijuana stocks, most recently Tilray Inc., are reaching dizzy heights. So, too, is the S&P 500, which touched an all-time record on Thursday. But in this haze, investors can afford to chill. The wider market isn’t getting such a contact high. When shares of the Canadian cannabis maker hit... Read more
