Canadian Cannabis Giant Canopy Growth Debuts on Wall Street

This morning, the cannabis industry has entered into the old guard New York Stock Exchange with the market debut of Canopy Growth Corp (CGC), the largest provider of medical marijuana in Canada. Investors clambered to get a piece of the biggest pot stock in the world now that it’s more widely available to Americans.  Over […]

The post Canadian Cannabis Giant Canopy Growth Debuts on Wall Street appeared first on Weed Consortium.



from WordPress https://ift.tt/2LuRu9l
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Cannabis Control Commission Plans To Quarantine Vaping Devices

At 12:01 p.m. on November 12, Massachusetts’ emergency ban on medical cannabis vaping products expired. But in its place, the state’s Cannabis Control Commission immediately instituted a quarantine of all medical marijuana vaping devices and products, with the exception of devices that vape flower. Officials with the Cannabis Control Commission say the quarantine isn’t as far-reaching as the Department of Public Health ban that a state judge ruled exceeded the agency’s authority. However, the state’s ban on nicotine vape products and recreational cannabis vape products remains in place. As Ban Expires, Massachusetts’ Cannabis Control Commission Blocks Sale of Medical Cannabis Vapes Last Tuesday, Massachusetts Superior Court judge Douglas Wilkins blocked Gov. Charlie Baker’s administration from enforcing its emergency ban on medical marijuana vaping products. The authority to regulate medical marijuana , Wilkins ruled, belongs entirely to the state’s Cannabis Control Commission. Medi...
Read more

Utah Hemp Farmers Growing Strains Named After Obama and Trump

Farmers in Utah have begun growing hemp following the legalization of the crop late last year, including strains of the plant with names featuring a decidedly political twist. One varietal, Obama, is named for former President Barak Obama, who was in office when the 2014 Farm Bill that authorized hemp research pilot programs was signed into law. Another strain, Trump, is also named for a president that figures prominently in hemp history. President Donald Trump signed the 2018 Farm Bill in December, which legalized the crop as an agricultural commodity in the United States. Farmer Kenny McFarland grew hemp for the first time this year, planting clones on eight acres of his farm in Weber County. He shared some of the knowledge he gained from the experience at the annual convention of the Utah Farm Bureau that was held last week in Layton. “Trump was super aggressive,” McFarland said , drawing laughs from the crowd of farmers at the event. Since the 2018 Farm Bill was signed into la...
Read more

California Officials Will Raise Cannabis Cultivation Taxes On New Year’s Day

California regulators announced on Thursday that taxes paid by the state’s licensed cannabis business will increase on New Year’s Day, despite calls to ease the burden on an industry struggling to compete with a thriving illicit market. In a special notice from the California Department of Tax and Fee Administration, the state announced that cannabis cultivation taxes would be raised by more than 4%, reflecting an adjustment for inflation as required by state law. The tax on an ounce of dried cannabis flower will rise from $9.25 to $9.65, a jump of 4.3% The tax levied on dry cannabis leaves will go up from $2.75 to $2.87, which is also a 4.3% increase. The tax on an ounce of fresh cannabis plant material will rise to $1.35 from $1.29, a jump of 4.6%. The notice also revealed an increase in the state’s cannabis markup rate from 60% to 80%. The mark-up rate — the average difference between the wholesale cost and the retail selling price of cannabis and cannabis products — is used to...
Read more