Canadian marijuana stocks jump as Liberal win
- Thread starter tay
- Start date
Manlove!. Now that there's an unfortunate name.......
Colorado's weed is getting much cheaper
In October, the cost of a wholesale pound of cannabis was around $2,400 to $2,600. That price has almost been cut in half to between $1,400 and $1,600 last month, according to data from Tradiv, an online marijuana-distribution platform.
"In less than a year, we've seen wholesale prices drop to nearly half of their previous totals," John Manlove, director of sales at Tradiv, told Business Insider in an email. "We've never seen prices like this."
The reason prices are dropping so rapidly is because the market's getting flooded. As growers ramp up production, the huge amount of marijuana hitting the market in Colorado is causing a "steady decline" in wholesale prices regardless of demand, says Manlove.
The story's similar for Washington, where the price of legal marijuana has dropped precipitously since the first recreational dispensaries opened, according to The Cannabist. Wherever there's a legal market for marijuana, prices have been dropping.
Manlove says that this has to do with the way cities in Colorado, like Denver, regulate the recreational-marijuana market.
In May, Denver's municipal government extended a moratorium on granting licenses to new retail dispensaries as well as marijuana-cultivation facilities.
This has allowed a "minority of large cannabis business owners" to buy and consolidate the remaining licenses, says Manlove.
And without strict "canopy limits" — the amount of plants one facility can grow — the influx of marijuana into the Colorado market will continue to cause prices to drop, says Manlove.
So, Colorado growers, with few limits and access to a huge market, are able to build an economy of scale, reducing prices across the board.
Though low prices are good news for consumers, cultivators will have to cope with lower profit margins on raw marijuana flowers.
According to Headset, a cannabis-intelligence platform, the highest-margin products for dispensaries are those that make marijuana easier to consume, like edibles, beverages, and pre-rolled joints.
If these trends continue, then raw marijuana will continue to get only cheaper. And it's likely that the retail market will adapt by pushing further into such higher-margin products.
https://www.yahoo.com/news/price-pot-tumbling-colorado-185100653.html
Colorado's weed is getting much cheaper
In October, the cost of a wholesale pound of cannabis was around $2,400 to $2,600. That price has almost been cut in half to between $1,400 and $1,600 last month, according to data from Tradiv, an online marijuana-distribution platform.
"In less than a year, we've seen wholesale prices drop to nearly half of their previous totals," John Manlove, director of sales at Tradiv, told Business Insider in an email. "We've never seen prices like this."
The reason prices are dropping so rapidly is because the market's getting flooded. As growers ramp up production, the huge amount of marijuana hitting the market in Colorado is causing a "steady decline" in wholesale prices regardless of demand, says Manlove.
The story's similar for Washington, where the price of legal marijuana has dropped precipitously since the first recreational dispensaries opened, according to The Cannabist. Wherever there's a legal market for marijuana, prices have been dropping.
Manlove says that this has to do with the way cities in Colorado, like Denver, regulate the recreational-marijuana market.
In May, Denver's municipal government extended a moratorium on granting licenses to new retail dispensaries as well as marijuana-cultivation facilities.
This has allowed a "minority of large cannabis business owners" to buy and consolidate the remaining licenses, says Manlove.
And without strict "canopy limits" — the amount of plants one facility can grow — the influx of marijuana into the Colorado market will continue to cause prices to drop, says Manlove.
So, Colorado growers, with few limits and access to a huge market, are able to build an economy of scale, reducing prices across the board.
Though low prices are good news for consumers, cultivators will have to cope with lower profit margins on raw marijuana flowers.
According to Headset, a cannabis-intelligence platform, the highest-margin products for dispensaries are those that make marijuana easier to consume, like edibles, beverages, and pre-rolled joints.
If these trends continue, then raw marijuana will continue to get only cheaper. And it's likely that the retail market will adapt by pushing further into such higher-margin products.
https://www.yahoo.com/news/price-pot-tumbling-colorado-185100653.html
i DON'T NEED YOUR STINKIN LICENSE, FUK OFF YOU DON'T KNOW FUK ALL ABOIUT SWEETWEED, CBD LUBRICATES THE YEARS, YOU CAN'T ADVANCE WITHOUT IT. tHERE'S EIGHT DECADES TO GO BEFORE YOUGET OUT OF THIS CENTURY, SIT BACK EAT YOUR VEGGIES DON'Y WORRY, YOU WILL DIE, IT'S NOT SO BAD, YOU WAKE UP, THERE'S NO ESCAPE BUT COMPLIANANCE TO THAT VOICE.
You may correct me about the numbers
Are we to understand that you imagine your lungs can't handle the truth.
Excuse my outburst maybe you have a point.
You may correct me about the numbers
Are we to understand that you imagine your lungs can't handle the truth.
Excuse my outburst maybe you have a point.
as of aug 24 2016 mJ stocks are down a bit
A federal court ruling against the ban of growing medical marijuana introduced by the previous Conservative government, was confirmed by Canada’s new Liberal government on Thursday.
It allows medical marijuana users to regain their right to grow their own cannabis herbs to fight common diseases that modern medicine cannot help with.
Medical Daily reports:
The federal government said Canada’s medical marijuana laws would be rewritten to reflect the court’s judgment, setting a deadline of Aug. 24 to finalize the changes.
as of august Canada Reaffirms Right To Grow Medical Marijuana
Canada Reaffirms Right To Grow Medical Marijuana | Your News Wire
• As of Aug. 24, the Access to Cannabis for Medical Purposes Regulations (ACMPR) replace the 2013 Marihuana for Medical Purposes Regulations (MMPR), which replaced the 2001 Marihuana Medical Access Regulations.
• The new rules set out a framework for commercial production by licensed producers, like the MMPR, but like the former MMAR, allows patients to produce a “limited amount” for their own use or designate someone to grow it for them.
• The 34 licensed producers will be the only legal source of “starting materials” — seeds and plants.
• People who want to use medical cannabis still have to get a document from an authorized health-care practitioner specifying a period of use of up to one year and a daily quantity of marijuana in grams.
• Authorized patients can then register to buy from a licensed producer or with Health Canada to grow their own or have someone else grow for them. That person — who can’t have a drug offence on their record in the past decade — can grow for a total of two people.
http://ottawacitizen.com/news/local-news/home-grown-medical-marijuana-the-new-rules
A federal court ruling against the ban of growing medical marijuana introduced by the previous Conservative government, was confirmed by Canada’s new Liberal government on Thursday.
It allows medical marijuana users to regain their right to grow their own cannabis herbs to fight common diseases that modern medicine cannot help with.
Medical Daily reports:
The federal government said Canada’s medical marijuana laws would be rewritten to reflect the court’s judgment, setting a deadline of Aug. 24 to finalize the changes.
as of august Canada Reaffirms Right To Grow Medical Marijuana
Canada Reaffirms Right To Grow Medical Marijuana | Your News Wire
• As of Aug. 24, the Access to Cannabis for Medical Purposes Regulations (ACMPR) replace the 2013 Marihuana for Medical Purposes Regulations (MMPR), which replaced the 2001 Marihuana Medical Access Regulations.
• The new rules set out a framework for commercial production by licensed producers, like the MMPR, but like the former MMAR, allows patients to produce a “limited amount” for their own use or designate someone to grow it for them.
• The 34 licensed producers will be the only legal source of “starting materials” — seeds and plants.
• People who want to use medical cannabis still have to get a document from an authorized health-care practitioner specifying a period of use of up to one year and a daily quantity of marijuana in grams.
• Authorized patients can then register to buy from a licensed producer or with Health Canada to grow their own or have someone else grow for them. That person — who can’t have a drug offence on their record in the past decade — can grow for a total of two people.
http://ottawacitizen.com/news/local-news/home-grown-medical-marijuana-the-new-rules
Shares of Canadian and U.S. marijuana producers fell Friday after the Trump administration suggested a crackdown on recreational marijuana may be in the works.
Most of Canada’s publicly traded pot growers ended Friday lower after White House Press Secretary Sean Spicer predicted the Justice Department will be looking more closely at the issue.
“I do believe that you’ll see greater enforcement of it,” Spicer said at a White House briefing.
Ontario-based Canopy Growth Corp. (stock ticker symbol WEED), which bills itself as the world's largest cannabis company, tumbled 4.64 per cent on open Friday.
Canopy became Canada’s first marijuana “unicorn” last fall, with a market value of $1 billion or more, after voters in four U.S. states — California, Maine, Massachusetts and Nevada — voted to legalize recreational pot.
More than a fifth of the U.S. population now lives in a state where recreational weed is legal, and many more live in states where marijuana has been legalized for medical purposes.
We do not believe the Trump administration will take significant action to shut down the recreational cannabis industry in states like Colorado, where the cannabis industry employs tens of thousands of people and contributes more than $100 million in taxes annually," pot producer MassRoots said, as quoted at Business Insider.
Others vowed to fight any moves to roll back the moves made on marijuana decriminalization in recent years.
"The cannabis industry will fight any pressure from the federal government to set back the significant progress that's been made thus far," said Jeffrey Zucker, head of Denver-based strategy firm Green Lion Partners.
"Singling out the adult-use market is short-sighted."
Most of Canada’s publicly traded pot growers ended Friday lower after White House Press Secretary Sean Spicer predicted the Justice Department will be looking more closely at the issue.
“I do believe that you’ll see greater enforcement of it,” Spicer said at a White House briefing.
Ontario-based Canopy Growth Corp. (stock ticker symbol WEED), which bills itself as the world's largest cannabis company, tumbled 4.64 per cent on open Friday.
Canopy became Canada’s first marijuana “unicorn” last fall, with a market value of $1 billion or more, after voters in four U.S. states — California, Maine, Massachusetts and Nevada — voted to legalize recreational pot.
More than a fifth of the U.S. population now lives in a state where recreational weed is legal, and many more live in states where marijuana has been legalized for medical purposes.
We do not believe the Trump administration will take significant action to shut down the recreational cannabis industry in states like Colorado, where the cannabis industry employs tens of thousands of people and contributes more than $100 million in taxes annually," pot producer MassRoots said, as quoted at Business Insider.
Others vowed to fight any moves to roll back the moves made on marijuana decriminalization in recent years.
"The cannabis industry will fight any pressure from the federal government to set back the significant progress that's been made thus far," said Jeffrey Zucker, head of Denver-based strategy firm Green Lion Partners.
"Singling out the adult-use market is short-sighted."
Legalize weed, and make it illegal to smoke in our home.... if you life in a Condo or apartment !! Our freedom are being eroded by a much of fools.
It is illegal to smoke anything in an apartment or condo, your vehicle, place of business, park, public buildings and many other public spaces.
But it is fine to shove a needle in your arm in Downtown Eastside Mario's in Vancouver, die and have taxpayers revive you several times a day at great expense.
Enjoy your $18 a gram bud!
But it is fine to shove a needle in your arm in Downtown Eastside Mario's in Vancouver, die and have taxpayers revive you several times a day at great expense.
Enjoy your $18 a gram bud!