As ‘Cannabis 2.0’ kicks off in Canada, industry strangled by limited retail outlets for cannabis producers A year after Canada legalized use of recreational marijuana from legal cannabis producers cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may
Another class action lawsuit filed in U.S. against Sundial for failing to disclose client return of a half-ton of cannabis Shareholders filed another class action against Nasdaq-listed cannabis producer Sundial Growers Inc. SNDL, -3.35% Friday for allegedly failing to disclose that Zenabis Global Inc. ZENA, -2.70% returned 554 kilograms of weed because it was un-sellable.
Could cannabis hold the key to treating depression in people with post-traumatic stress syndrome (PTSD)? A new study by the University of British Columbia and the B.C. Centre on Substance Use (BCCSU) suggests pot could hold promise for treating depression and related to PTSD. For the study, published in the Journal of Psychopharmacology, researchers looked
Legal Age for Cannabis Raised to 21 in Quebec TORONTO — After a year of being able to purchase cannabis legally from age 18, Quebecers will now have to wait until they turn 21. The provincial government has passed a bill changing the legal age for cannabis, a move critics say will only drive the
‘Fickle, ignorant’ Canadian retail investors getting blamed for cratering cannabis stocks Blame Mom and Pop. That’s the increasingly common refrain from publicly traded cannabis companies and professional investors who have watched stock prices crater over the past several months. With large institutions still reluctant to invest in pot, Canadian retail investors continue to dominate the
Canadian Cannabis Companies Just Dodged a Bullet The federal election in Canada could have been a big setback for the young industry had Trudeau lost the prime ministership. Stock prices for Canadian cannabis companies have been struggling since marijuana was made fully legal there last year. The reasons why are numerous: A poorly organized rollout