CHILLIWACK, Canada — Bill Powers flipped through the sworn statement he gave to the U.S. Department of Homeland Security, the printed pages taking him back to that August afternoon — back to the border checkpoint into Washington state where agents asked if he had ever smoked marijuana. Yes, he... Read more
Mainstream executives want in on the cannabis craze. That’s not surprising, with the value of some Canadian pot businesses topping $10 billion and Coca-Cola Co. and Molson Coors Brewing Co. eyeing marijuana as the next trendy ingredient. But the burgeoning industry faces a unique hurdle: Pot is still illegal... Read more
Call it the erosion of the Jeff Sessions valuation gap. U.S.-focused cannabis stocks, once considered a risky play on a legally iffy product, are seeing heightened levels of investor interest while their Canadian peers drift back to Earth. This is shrinking the discount for U.S. pot companies that was... Read more
SEATTLE (AP) — A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide. British Columbia-based Tilray Inc.’s shares began trading Thursday on the Nasdaq... Read more
Big news came out of Canada recently as the country decided to unanimously legalize the use of recreational cannabis nationwide. This effort is the first time that a G7 nation has done this on a national level, and many are excited to see how it will play out. With... Read more
The new legislation in the Canadian parliament allowing for the use of recreational cannabis has helped to push the market forward in the past several years. The past few years have also been extremely instrumental in the development of the worldwide cannabis sector on where it is currently and... Read more