Cannabis in Canada: Big Banks Are Missing a Boom

KushCo Holdings, a company that sells packaging and supplies to the cannabis industry, would love to borrow money from a real bank. CEO Nick Kovacevich wants to secure up to $30 million in revolving credit, so he can hire more employees and build new warehouses. But a line of credit or loan of that size isn't an option because traditional banks are not willing to lend to marijuana businesses. Even though Canada legalized recreational Read entire story

Cannabis Stocks Mixed After Coca-Cola Says It Has No Plans for Sector

News dampened excitement about beverages companies bringing capital and marketing clout to growing sector. Cannabis stocks shed some of their early gains Tuesday, after Coca-Cola Co.’s CEO said the drinks giant has no plans for the sector, disappointing hopes that global beverages companies were poised to bring their capital and marketing clout to the burgeoning industry. Coca-Cola KO, +0.21% said last month that it was eyeing the cannabis Read entire story

Expects It Will Take Two to Three Years for Legal Marijuana Industry to ‘Mature’

The B.C government says it has received around 100 permits to operate private cannabis stores in the province. This comes as the province expects to have just one government-operated store, located in Kamloops, open by the time recreational pot is legal on Oct. 17. “It is going to be a gradual process in the sense there will be a few stores ready. Local governments are the ones making the decisions on the kind of retail… (c) Cannabis Read entire story

Second Cup Says It May Convert Ontario Coffee Shops to Cannabis Stores

The Second Cup Ltd. says it is actively reviewing locations in Ontario for potential conversion to cannabis retail stores in light of policy changes in the province. The company’s announcement comes after Ontario’s Progressive Conservative government said it would allow private retailers to sell recreational marijuana starting next April. Second Cup had announced a partnership with marijuana clinic operator National Access Cannabis in April to Read entire story

‘Trifecta of Opportunity Within One Plant’: Prairie Hemp Farmers Could Win Big With New Cannabis Rules

Allowing cannabidiol harvest could generate $10 billion in economic activity over the next 10 years, government estimates. While the federal government is legalizing marijuana to regulate and tax the psychoactive drug, Prairie farmers growing non-smokable hemp appear set to become major beneficiaries of the new regime. The updated industrial hemp regulations, released this week alongside Health Canada’s recreational cannabis rules, will allow Read entire story