Category Archives: money

Reddit Effect Takes Cannabis Stocks On A Wild Ride

Assets under management by pot-tracking ETFs are at an all-time high. Cannabis stocks are the latest to experience the often shortlived high provided by Reddit exposure. Social media has proved a powerful driver of retail sentiment so far this year, leaving investors and analysts to wonder which company might become the next GameStop. – Read […]

Vancouver Council Votes To Slash Sky-High Fees For Cannabis Retailers

A city councillor is hopeful this is the last year cannabis retailers in Vancouver will pay the highest licensing fees in the country. A motion passed Thursday is the first step in slashing the $34,000 annual fee — which is nearly ten times what liquor stores pay. Coun. Rebecca Bligh says the move is meant […]

The Challenge Of Building Credit In The Cannabis Industry

Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No one is going to lend to a stranger. So, how […]

Canadian Cannabis Stocks Pop On U.S. Legalization Push And Gamestop-Style Short Squeeze

Shares in a number of cannabis companies have been on fire this week. Shares in Canadian-based cannabis companies are surging this week partly because of a flurry of short sellers covering their bets against the stocks, right as U.S. lawmakers seem to be getting more serious about potentially legalizing the drug. Three of the four […]

David Beckham Buys Stake In Firm That Uses Cannabis In Its Skincare Products

The ex-England skipper, 45, has bought a stake in Cellular Goods as it looks to float on the stock market. His mate David Gardner — who oversees Beckham’s businesses and investments via DB Ventures — has joined the firm’s board as non-executive director. Cellular likes to blend it like Beckham by adding lab-produced compounds of […]

Cannabis Sales In California Reach $4.4 Billion In 2020: ‘Essential’, Edibles, And The Election

As experts release more data from the year 2020, it shows a silver-lining for the cannabis industry despite challenges including federal prohibition amid a pandemic. Sales in California hit $4.4 billion last year, up 57% from the year prior, reports MJBizDaily with data from its Industry Factbook. The sales in Oregon have surpassed $1 billion […]

Illinois Sitting On $62 Million In Cannabis Revenue Meant To Foster Businesses And Help Neighborhoods Hurt By Poverty And Violence

Despite promises that cannabis legalization in Illinois would fund more minority business participation and neighborhood improvements, the state has yet to spend $62 million collected for those purposes. Part of the delay in awarding the money is due to problems with the state’s system to award new cannabis business licenses. The other reason for the […]

The Top 8 Cannabis Stocks in 2020

Despite an exceptionally challenging year in 2020, one industry that found itself ablaze was cannabis. With the industry maturing and offering sustainable double-digit sales growth, investors’ appetites for fast-growing marijuana stocks returned in a big way. After perusing the field of publicly traded pot stocks with at least a $200 million market cap, I’ve identified […]

Top 10 Cannabis And Psychedelic Stock News Stories Of The Week

Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of October 12th – 18th, 2020. Without further ado, let’s get started. 10. Top Analyst Initiates Coverage on RWB, Issues Bullish Price Target 323% Above Market PI Financial analyst Jason […]

Cash Payments No Longer The Only Option For Utah Cannabis Patients

Utah’s medical cannabis patients are now allowed by the state to spend their money inside marijuana pharmacies, but that doesn’t mean the nation’s major financial institutions want their fingerprints on transactions involving the federally illegal substance. Credit card companies generally avoid cannabis transactions, for fear of federal repercussions. PayPal and Venmo are also leery of […]