Nearly everyone expected sales to soar for the biggest marijuana producers after Canada’s recreational marijuana market opened on Oct. 17, 2018. And that’s exactly what happened. Before we can compare the recreational pot sales for the big five Canadian marijuana producers, there are a couple of wrinkles. First, Aphria’s results reported in January were for the
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Tucked away in President Donald Trump’s 2017 tax cut was a little discussed provision that allows investors to potentially save big on capital gains. By investing in underserved rural and urban communities called “opportunity zones,” investors can defer or even avoid capital gains taxes on asset sales. These risk zones represent a potential windfall for
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During a recent interview with the Brookings Institution, Scott Gottlieb, the departing head of the Food and Drug Administration (“FDA”), explained it would take several years for the agency to come up with rules that would legalize the use of hemp-derived cannabidiol (Hemp-CBD) in food products, unless Congress steps in. Gottlieb acknowledged the strong interest
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(Photo courtesy of Noramco) (This is an abridged version of a story that appears in the March issue of Marijuana Business Magazine.) Take a look at multinational medical marijuana growers, and most, if not all, have been awarded the gold standard for global quality compliance: Good Manufacturing Practice certification. Commonly known as GMP, the designation is
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It’s anything but a traditional investment because World Wrestling Entertainment (NYSE:WWE) is anything but a traditional company. Wrestling in well-conceived costumes … ’nuff said. But for investors that don’t have to plug into orthodox opportunities, WWE stock may offer surprising potency. Source: Shutterstock That’s because next year’s big projected revenue growth is expected to translate
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Marijuana consumers spent 152 million Canadian dollars legally on pot in the fourth quarter, despite Canada’s recreational adult-use marijuana market only being open for about 10 weeks. The sales strength suggests revenue at Canada’s leading cannabis companies could increase significantly in 2019, especially if marijuana supply catches up to consumer demand. While there are larger
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Louisiana’s medical marijuana industry has faced a host of problems getting off the ground, and now there might be a question of whether the program will run into more difficulties after the governor’s election in October. Even with two supportive governors in a row, Bobby Jindal and John Bel Edwards, medical marijuana has struggled to
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Check out the companies making headlines midday Friday: Celgene — Shares of Celgene rose 6.58 percent after proxy advisors Institutional Shareholder Services and Glass Lewis recommended that Bristol-Myers Squibb shareholders vote in favor of its bid to buy Celgene. The recommendations come weeks before shareholders vote on the $74 billion buyout of the biotechnology company.
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The last year has seen Facebook (NASDAQ:FB) and Alphabet’s (NASDAQ:GOOGL) Google come under fire for various transgressions involving sale of private information to businesses. But that cottage industry got its start more than 100 years ago, pioneered by predecessor companies of Equifax (NYSE:EFX). Source: Shutterstock If you’re scared of Facebook and Google sharing your search
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