In ‘the marijuana ghetto’ at Davos, Canopy Growth found its American pot partner

The landmark deal between marijuana companies Acreage Holdings Inc. and Canopy Growth Corp. has its roots amid bunk beds inside a small, cramped house in Klosters, Switzerland. It was there, a short drive away from the World Economic Forum in Davos in January, that Canopy Growth CGC, -3.17%WEED, -2.91% co-Chief Executive Bruce Linton and Acreage ACRGF, -3.06% CEO Kevin Murphy laid the […]

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Canopy’s proposed U.S. deal is a boon for the U.S. cannabis sector, says this investor

Canopy Growth Corp.’s plan to acquire U.S. multistate operator Acreage Holdings Inc. as soon as cannabis is legalized in the U.S. has won the support of a U.S. private-equity firm that specializes in investments in the cannabis sector. Matt Hawkins, managing partner of Cresco Capital Partners LLC, said Thursday that the $3.4 billion proposed deal is the “most significant” as […]

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Tilray CEO says marijuana companies lied about how much pot they could grow

Tilray Inc. Chief Executive Brendan Kennedy said late Tuesday that the cannabis producer would have sold a lot more weed if growers in Canada hadn’t lied about how much pot they could actually grow. Tilray TLRY, +4.88%  reported quarterly earnings Tuesday afternoon, and sales continued to ramp slower than many investors expected. Kennedy said that while there was a widespread […]

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The group losing faith in a quick China trade resolution? The farmers drained by lost exports

Purdue University and futures exchange operator CME GroupCME, +1.31% asked farmers — among the groups hardest hit by China’s retaliation for U.S.-imposed tariffs that look set to increase once again — how confident they are that the Trump administration and Chinese delegates will reach a trade pact by July 1. The prevailing answer? Not very assured, as shown by this […]

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‘China has chosen to retreat’ — the U.S. view as negotiations reach critical juncture

The document released Wednesday outlining a planned increase in tariffs on China makes clear the U.S. fury at a perceived backtracking on key positions. “In the most recent negotiations, China has chosen to retreat from specific commitments agreed to in earlier rounds,” a Federal Register notice reads. “In light of the lack of progress in discussions with China, the President […]

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New Jersey postpones legalized marijuana vote after lack of support

TRENTON, N.J. (AP) — New Jersey lawmakers dealt a blow to the prospects of legal recreational marijuana use Monday, when the Senate leader postponed a vote because he couldn’t muster enough support in the chamber. Leaders and Democratic Gov. Phil Murphy back the measure, but passage was far from certain because lawmakers were hesitant. Murphy has been trying to persuade […]

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Tilray earnings: Time to prove it can actually sell some pot

Investors will at long last understand how much legal marijuana Tilray Inc. can actually sell. After Canada legalized pot Oct. 17, Tilray reported third-quarter earnings that included roughly two weeks of bulk shipments to provincial authorities — but Tilray said it hadn’t yet sold any recreational cannabis. Chief Executive Brendan Kennedy said in the November conference call that the fourth […]

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Northern Michigan University is now offering a degree in marijuana

Grace DeNoya is used to getting snickers when people learn she’s majoring in marijuana. “My friends make good-natured jokes about getting a degree in weed,” said DeNoya, one of the first students in a new four-year degree program in medicinal plant chemistry at Northern Michigan University. “I say, ‘No, it’s a serious degree, a chemistry degree first and foremost. It’s […]

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Aurora Cannabis earnings show big growth in pot sales, but worrisome profit trend

Aurora Cannabis Inc. nearly quadrupled its revenue and claimed a strong market share in an earnings report Monday that detailed the first quarter of legal recreational-pot sales in Canada, but also showed off large losses and a shrinking margin. Aurora ACB, -5.53%ACB, -4.52% disclosed losses of C$237.8 million on net revenue of C$54.2 million, after reporting a profit of C$7.7 million […]

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