Tag: Marijuana

Canada’s largest pharmacy chain and the provider of a blockchain program for tracking medical pot believe their partnership will act as a model for U.S. drug stores like CVS Health Corp. and Walgreens Boots Alliance Inc.
— Read on www.bloomberg.com/news/articles/2019-06-17/pot-tracking-blockchain-system-could-be-used-by-cvs-walgreens

Call it the gummy conundrum.
— Read on www.bloomberg.com/news/articles/2019-06-16/a-gummy-conundrum-for-canada-s-pot-producers-cannabis-weekly

Canada has spelled out its final regulations for the next generation of legal cannabis products. As promised, the new rules will take effect on Oct. 17, but Canadians will have to wait until at least Dec. 16 to purchase edibles, vapes, topicals and beverages.
— Read on ca.finance.yahoo.com/news/what-the-cannabis-industry-is-saying-about-canadas-new-edibles-rules-204622662.html

Craft products are taking the retail world by storm. Find out why investors should be paying close attention to craft cannabis and its potential impact.
— Read on www.visualcapitalist.com/the-investor-appeal-in-craft-cannabis/

MONTREAL — Quebec’s provincially operated cannabis shops made $71 million in sales in their first year and sold the most cannabis in the country in terms of dollars and volume, but they still posted a $4.9-million loss to be covered by the provincial government. The provincial cannabis corporation — known as the SQDC — said in a statement that the provincial government revenues from consumption and excise taxes totalled about $21.7 million…
— Read on www.msn.com/en-ca/money/topstories/quebec-cannabis-sales-totalled-dollar71-million-in-first-year/ar-AACN1yj

Colorado just reached $1 billion in total marijuana state revenue. Total marijuana sales have surpassed $6.5 billion since the state legalized cannabis in 2014.
— Read on www.cnbc.com/2019/06/12/colorado-passes-1-billion-in-marijuana-state-revenue.html

The deal will allow the Canadian pot company to pursue investments from institutional and strategic investors.
— Read on www.cnbc.com/2019/06/09/tilray-privateer-strike-deal-to-release-75-million-shares-over-next-two-years.html