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Tag Archives: marijuana

Aphria did not benefit from the sale of marijuana

The profits of Aphria Inc. are not about the pot, but about the paper. The Canadian cannabis producer reported profitability for the second consecutive quarter on Tuesday, earning $ 16.4 million in net income and $ 126.1 million in sales. The company's profits, however, did not result from a massive slump in the cannabis business, but from the previously declining …

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House approves marijuana banking law with support from both parties, given uncertain prospects in the Senate

The House of Representatives passed a bill on Wednesday that provides a safe haven for banks working with legal marijuana companies and eliminates a major barrier to growth in the emerging cannabis industry. Rep. Steny Hoyer, D-Md., Announced last week that the Chamber will vote on the Law on Safe and Fair Enforcement of Banks, known as the SAFE Banking …

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Fraudulent marijuana vapes flood California as the health crisis expands

California's fraudulent marijuana rip-offs could be linked to the emerging public health crisis due to steam-related deaths, according to a new report. In recent weeks, hundreds of people in the US have become sick and months, mainly due to the evaporation of cannabis oil. Seven deaths were reported, at least Monday in Tulare County, California. Health authorities are not sure …

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Marijuana Investors: Why Aurora Cannabis (TSX: ACB) (US) may be the cheapest stock in the TSX index

You've probably heard of value traps – seemingly cheap stocks with ridiculously low valuation scales that are anything but good. Impaired companies with declining fundamentals may seem cheap, but they can be absurdly expensive relative to their growth prospects and expose investors to a significant downside risk. What you may not have heard are stocks that seem ridiculously expensive, but …

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Scott's Miracle-Gro might have the best marijuana strategy

Legal marijuana is expected to be a huge growth business, with some projecting a market opportunity of up to $ 166 billion. This is many years away, as the industry is still largely in its infancy. The projection, however, shows how excited Wall Street is about legal weeds. The problem is that investors in the early days have a bad …

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Almost 3,000 illegal marijuana companies were founded in California, overshadowing legal trade

California's black market for cannabis is at least three times larger than its regulated weed industry, according to a test published Wednesday. This is the latest evidence of the state's ongoing struggle against a cannabis economy that has been in abeyance for a long time. The United Cannabis Business Assn. The audit found that there are approximately 2,835 unlicensed pharmacies …

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Woman being arrested after medical marijuana arrest in Russia

A student from New York City was arrested and detained in Russia for allegedly possessing a few grams of medical marijuana. Audrey Eliza Lorber had 19.05 grams, about two-thirds of an ounce of cannabis in her belongings when, according to the St. Petersburg court system at Pulkovo St. Petersburg, she was searched for the "United States patent for the use …

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Arizona-based iced tea maker signs an agreement with the cannabis company to bring marijuana products to market

A company known for its iced tea is entering the marijuana market. The Arizona Iced Tea manufacturer is working with cannabis company Dixie Brands to produce a range of pot products sold under the Arizona brand. The first products are expected to be with cannabis-infused gums and vape pens. It is expected that the drinks will come later. The Arizona …

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