Insights and Stories on Marijuana

Feb. 7, 2020 at 8:54 pm CST

Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have […]

By Nichola Saminather

Dec. 20, 2019 at 12:35 am CST

Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market. Medical marijuana has been legal in […]

By Nichola Saminather

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