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Publicly traded companies levered to the Canadian medical cannabis industry came down from their highs yesterday and many investors are trying to determine why…Although there was no specific reason for this weakness, we think these stocks moved lower due to concerns as to the expected start date for the country’s…
On Friday, Health Canada announced that the Marihuana for Medical Purposes Regulations (MMPR) will be replaced by the Access to Cannabis for Medical Purposes Regulations (ACMPR). The ACMPR essentially re-added the MMAR personal plant count limit and designated grower options to the MMPR licensed producer model, which will formally begin…
The first week of Oregon’s recreational marijuana industry was nothing short of a success and retailers raked in more than $11 million. This amount greatly surpassed the $5 million mark set by Colorado retailers during the first week, as well as Washington State who brought is $2 million during the…
The marijuana industry is a very fragmented and each state has their own set of laws and regulations. These differences make it tough for analysts to accurately forecast growth and they must model each state differently. One of the most important factors analysts consider when trying to determine the size…
Governor Chris Christie is one of the loudest voices against marijuana and he is doing whatever it takes to stay in the top 10 potential republican candidates for the 2016 presidential election. During a town hall meeting in New Hampshire, Christie said if he would overturn legal marijuana laws in…
Oregon’s Governor Kate Brown (Democrat) signed Senate Bill 460 into law which permits the sale of recreational marijuana in existing medical marijuana dispensaries beginning October 1, 2015 – almost one year earlier than expected. Residents will not be able to purchase edibles or oils, only dried marijuana.The governor’s spokeswoman, Kristen…
During the first five months of 2015, Colorado’s marijuana-funded excise tax collected more money than it did during all of 2014. This revenue is collected and earmarked for school construction projects. The recent growth in the amount of tax revenue collected has excited lawmakers and industry participants.Colorado Democratic Senator Pat…
The Washington state legal recreational marijuana market has been open for approximately one year and is already having a significant impact on the state’s economy. The program got off to a slow start with just a handful of stores selling high-priced pot to long lines of customers. Fast forward one…
Last week, the New Jersey state Health Department issued a permit for the fifth medical marijuana dispensary to begin to grow marijuana in the stateCompassionate Sciences, Inc. built a dispensary and an indoor cultivation facility in Bellmawr, New Jersey. The company will need to submit its cannabis for testing and…
The legal marijuana industry in Colorado continues to show record breaking growth every month this year. Colorado generated $700 million in revenue from marijuana ($385.9 million from medical and $313.2 million from recreational) during 2014. Those numbers, however, will be nothing compared to what the state generates during 2015.Triple digit…