Home Business


NEW YORK  – Cannabis is making cryptocurrencies look lethargic. Share prices of listed producers have rocketed, in some cases faster than bitcoin did last year. Brendan Kennedy, the chief executive of Tilray, which made $21 million of revenue last year, believes his company could be worth $100 billion. He’s half right: a weed producer could […]
Canadian cannabis companies have seen turbulent trading on Wall Street as US investors seek to catch the buzz from their northern neighbours. With recreational marijuana use due to be legalised in Canada on 17 October, producers Tilray and Canopy saw their US-listed stocks surge then sag. Another firm, Aurora Cannabis, has said it will seek […]
STO Responsible’s Sandra Elkind and Nicole Elkind discuss the industry’s common challenges, from balancing safety and sustainability to standing out from the crowd. Sandra and Nicole Elkind say they’ve identified some of the cannabis industry’s most common problems with packaging. Together, they intend to solve them. The two sisters co-founded STO Responsible to provide child-resistant and sustainable packaging […]
Pot is starting to pay off. A surge in the share prices of cannabis companies have made millionaires, and even billionaires, out of investors. The pot-stock boom is expanding across the industry, with the most extreme example, Tilray Inc., seeing its shares catapult about 13-fold in the months since its July initial public offering. Now these […]
The world’s largest beverage company may be the next industry giant to jump into the cannabis drinks business. Coca-Cola Co. says it’s monitoring the nascent industry and is interested in drinks infused with CBD — the non-psychoactive ingredient in marijuana that treats pain but doesn’t get you high. The Atlanta-based soft drinks maker is in talks […]
Virtual Crypto Technologies Inc. has announced plans to develop a cryptocurrency payment product for cannabis dispensaries. The company intends to offer this product to address financial challenges in the dispensary market, such as a lack of support from traditional banks, according to a press release. The product will enable customers to pay for cannabis products using cryptocurrencies, including bitcoin. The […]
Foley Hoag’s Jesse Alderman provides insight into municipalities’ Host Community Agreements and offers tips on scoring an adult-use license. Adult-use cannabis business licensing began on April 2 in Massachusetts, and municipalities hold a substantial amount of power in deciding who will ultimately become licensed, according to Jesse Alderman, co-chair of Foley Hoag’s cannabis practice. “Where these licenses are trench […]