As cannabis advocates the world over celebrate Canada’s progressive march towards marijuana legalization, industry insiders in the U.S. continue to lament the missed opportunity befallen them by the country’s strict prohibition policy.
Aphria Inc. (TSX:APH) shares jumped over 15 percent in trading on Wednesday following reports that tobacco giant Altria Group Inc. is talking with the cannabis producer about possibly acquiring a stake in the company.
New polling data from the Pew Research Center shows that roughly six-in-ten Americans now favor the legalization of marijuana, a number that has been steadily rising over the past decade.
“Also, a funny story that takes a half-hour to tell so I won't tell it other than to say I attracted a cease and desist letter from the US Secret Service for stamping "I Grew Hemp" on all of the dollar bills coming out of George Washington's mouth,” recalled Joy Beckerman about her early days as an advocate for hemp.
Before the recent uptick, the marijuana stock market ran quite cold over the first half of 2018, the result of a mixed bag of circumstance. Investors blamed everything from a market correction to US Attorney General Jeff Sessions’ rescinding of the Cole Memo...
Basketball players are trained to watch the clock. The 24-second shot clock. Three seconds to guard an opponent. Eight seconds to move the ball towards the opposition.
In early July the New York State Department of Financial Services issued a memo giving guidance to banking institutions hesitant to provide financial services to the medical marijuana industry.
Aurora Plans Hostile Takeover of CanniMed CanniMed Therapeutics Inc. (TSX:CMED) rejected a merger offer from Aurora Cannabis Inc. (TSX:ACB) The move set in motion a planned hostile takeover of the Canadian cannabis company. It follows CanniMed’s announcement of the acquisition of Newstrike Resources Ltd. (CVE:HIP) for CAD $248 million. Aurora will go straight to CanniMed shareholders. They will argue a merger creates more value and an “expanded international presence.”
Cannabix Technologies Inc.’s (CSE:BLO) (OTC PINK:BLOZF) recent patent filings for a cannabis-based Ignition Interlock Device have investors salivating. There is a lot of financial potential in the new technology. Stock prices rose almost 50 percent on the news in early November, from $0.45 a share to $0.70 a share. Over 1 million shares traded during that time.