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1 Marijuana ETF That’s Up an Insane 119.8% in 1 Year

Experts and market analysts believe that the maturing marijuana industry will see a significant advance in 2021. Momentum is building as political preferences, particularly in the U.S., are shifting toward federal legalization. Some people think M&…

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Reddit Effect Takes Cannabis Stocks On A Wild Ride

Assets under management by pot-tracking ETFs are at an all-time high. Cannabis stocks are the latest to experience the often shortlived high provided by Reddit exposure. Social media has proved a powerful driver of retail sentiment so far this year, le…

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Vancouver Council Votes To Slash Sky-High Fees For Cannabis Retailers

A city councillor is hopeful this is the last year cannabis retailers in Vancouver will pay the highest licensing fees in the country. A motion passed Thursday is the first step in slashing the $34,000 annual fee — which is nearly ten times what liquor…

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The Challenge Of Building Credit In The Cannabis Industry

Businesses need funding to grow. Securing funding isn’t as easy as a walk down to the local bank, however. To receive a loan or a line of credit, a business must demonstrate a financial history record that portrays how trustworthy it is with money. No …

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Canadian Cannabis Stocks Pop On U.S. Legalization Push And Gamestop-Style Short Squeeze

Shares in a number of cannabis companies have been on fire this week. Shares in Canadian-based cannabis companies are surging this week partly because of a flurry of short sellers covering their bets against the stocks, right as U.S. lawmakers seem to …

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David Beckham Buys Stake In Firm That Uses Cannabis In Its Skincare Products

The ex-England skipper, 45, has bought a stake in Cellular Goods as it looks to float on the stock market. His mate David Gardner — who oversees Beckham’s businesses and investments via DB Ventures — has joined the firm’s board as non-executive directo…

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Cannabis Sales In California Reach $4.4 Billion In 2020: ‘Essential’, Edibles, And The Election

As experts release more data from the year 2020, it shows a silver-lining for the cannabis industry despite challenges including federal prohibition amid a pandemic. Sales in California hit $4.4 billion last year, up 57% from the year prior, reports MJ…

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Illinois Sitting On $62 Million In Cannabis Revenue Meant To Foster Businesses And Help Neighborhoods Hurt By Poverty And Violence

Despite promises that cannabis legalization in Illinois would fund more minority business participation and neighborhood improvements, the state has yet to spend $62 million collected for those purposes. Part of the delay in awarding the money is due t…