Insights and Stories on Cannabis

Nov. 14, 2019 at 10:46 am CST

Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus supply and tepid demand for weed and weed products. The decision to hold expansion plans follows a wave of enthusiastic […]

By Reuters

Oct. 17, 2019 at 7:28 pm CDT

Reuters — A year after Canada legalized use of recreational marijuana, 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 be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana […]

By Nichola Saminather, Shariq Khan

Oct. 15, 2019 at 4:43 pm CDT

Mexico City | Reuters — Mexico’s Senate will vote for a bill to fully legalize marijuana in the next few days, a key lawmaker told Reuters, marking a major step toward changing the country’s approach to the drug by removing it as a source of income for violent drug gangs. […]

By Diego Ore

Oct. 14, 2019 at 6:47 pm CDT

Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan to regain full regulatory compliance. Health Canada canceled CannTrust’s license to produce and sell cannabis in September, months after it […]

By Reuters

Oct. 2, 2019 at 5:49 pm CDT

New York | Reuters — Wall Street’s love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise their bets against the industry, fund managers and analysts said on Wednesday. Short interest in cannabis stocks, which reflects bets […]

By David Randall