Aphria Buying Broken Coast Cannabis for $230M in Stock and Cash

Broken Coast operates an expanding indoor cannabis production facility on Vancouver Island. Licensed marijuana producer Aphria Inc. has signed a deal to buy Broken Coast Cannabis Inc., a cannabis producer on Vancouver Island, in a transaction it valued at $230 million in cash and stock. Under the agreement, Aphria will pay up to $10 million in cash with the remainder in shares based on a deemed price of $15.09 per share. "Adding one of Read entire story

Nevada Marijuana Sales Hit $27 Million in First Month

Nevada took a gamble on recreational marijuana, and it’s paying off. Dispensaries sold $27.1 million of pot in Nevada, in July alone. That's almost double what both Colorado and Oregon sold in their first months. It's almost seven times what Washington sold. Banking on weed, Nevada made $10.2 million off the fledgling industry during the first month of sales in July, according to the Nevada Department of Taxation. Of that, $6.5 million came from Read entire story

Puerto Rico Betting on Medical Marijuana

Puerto Rico is facing billions of dollars in budget cuts, a public debt load of more than $70 billion and a declining population as people flee to the mainland seeking better opportunities. But people are betting that the new cannabis industry can revert the situation. Puerto Rico — Jesus Aponte pushes a door open to reveal hundreds of aromatic, spiky green plants, a crop that Puerto Rico hopes will help it ease a grinding economic… (c) Read entire story

How Israel Plans to Get Into the $50 Billion Medical Marijuana Market

Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis. With estimates that the global market for medical marijuana could reach $50 billion by 2025, the Israeli government is set to allow the local industry to start exporting and projects annual revenues in the hundreds of millions of Read entire story

N.B. Sees Marijuana as ‘Green Gold’ for Struggling Economy

New Brunswick wants to be your marijuana supplier. The Liberal government, led by 34-year-old Brian Gallant, sees weed as green gold -- an important creator of revenue and jobs in a province that badly needs both. It is giving producers financial incentives, has developed a community college program for cannabis technicians, and announced March 24 that marijuana is to be a pillar of its economic strategy. - Read the entire article at CTV Read entire story

‘Brave New Workers’: A Burning Desire to Get a Medicinal Marijuana License

California native Malcolm Mirage's dream was to own a legal cannabis dispensary. For years, he had grown marijuana and sold it on the black market, while working a day job as a personal trainer. But in his late 20s, Mirage decided it was time to jump into the growing legal industry — before it got too crowded — and build his expertise into a sustainable, above-board business. In order to open up that business, which… (c) Cannabis Culture Read entire story

The Way People Buy Legal Marijuana Will Change in 2019 — Here’s What to Expect

Legal weed in North America is expected to reach $22.6 billion in revenue in 2021. But many won't be spending their money on marijuana the way they do today. Recreational cannabis spending is expected to outpace medical marijuana sales for the first time in 2019, according to a comprehensive new report from Arcview Market Research. It means new users will likely flood the recreational market in the next few years, with some switching over Read entire story

How Cannabis Ecommerce Challenges are Driving Web Innovation

Cannabis and ecommerce would complement one another like seed and soil, if only federal law would allow it. No market, niche or otherwise, will survive without a strong presence in ecommerce. Whether it's business-to-business (B2B) or business-to-customer (B2C), ecommerce must be a part of any business and marketing strategy. If your business is behind the curve on omnichannel strategies, you're inviting problems. It's simply incumbent on any Read entire story

Ex-Big Pharma Executive Behind OxyContin Sells Medical Marijuana

John Stewart used to run the pharmaceutical company behind the narcotic painkiller OxyContin.Now he is banking on medical marijuana. Mr Stewart does not know which is more controversial these days, OxyContin or pot. He guesses the average person would give "a bigger negative" to the powerful and controversial painkiller that has been linked to the opioid overdose and addiction epidemic in the US and Canada. "There is a lot of anti-opioid Read entire story

Airdrie Mother Hopes to End Stigma Around Cannabis with New Retail Store

Owner of Cannabliss hopes to open conversation around using cannabis for medical relief. Melinda Tobias doesn’t want you to call cannabis a drug. Instead, the mother of four wants you to think of cannabis as a plant or a natural medicine as she has come to know it through her diagnosis with invasive cervical cancer on Jan. 8, 2015. “When I got that diagnosis, I had about a two- to three-month waiting period while the… (c) Cannabis Culture Read entire story