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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Pot, soda and videogame earnings are on Wall Street’s to-do list

Recreational marijuana was legalized in Canada last October. The smoke signals are about to arrive on Wall Street. Two of the largest publicly traded Canadian cannabis producers, Aurora Cannabis Inc. ACB, -2.32%ACB, -3.40% and Canopy Growth Corp. CGC, -3.11%WEED, -3.40% , will release earnings reports in the coming days that detail sales from the first quarter of legal sales in the country. […]

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Why the next 5 years could break temperature records

WASHINGTON (AP) — While 2018 was the fourth warmest year on record, British meteorologists are predicting the next five years will be much hotter, even record-breaking. Two U.S. agencies, the United Kingdom Met Office and the World Meteorological Organization analyze global temperatures in slightly different ways. But they all came to the same conclusion Wednesday: 2018 was the fourth-warmest year […]

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Agriculture could be sticking point in upcoming U.S.-EU trade talks

The U.S. and European Union are staking out sharply different goals for coming trade negotiations, raising the prospect for renewed trans-Atlantic commercial tensions. The EU’s executive body will meet Tuesday to firm up the bloc’s parameters for talks expected to launch later this year. It is crafting a narrow mandate that would bar negotiations to reduce protections for Europe’s farmers. […]

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Marijuana producer Canopy stock surges 7% after saying it will enter U.S. hemp market

Canopy Growth Corp. CGC, -1.78%WEED, -1.38% said the company planned to enter the U.S. hemp sector following the passage of the farm bill Thursday that legalized industrial hemp. Canopy stock is up 7.8% after hours. "Canopy Growth will participate in the American market now that there is a clear federally-permissible path to the market," Chief Executive Bruce Linton said in […]

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CBD and hemp are now legal in the U.S., so what does that mean for pot companies?

Industrial hemp is now legal in the U.S., which could loosen laws around the popular marijuana extract CBD. President Donald Trump signed the 2018 farm bill on Thursday afternoon, which legalized hemp — a variety of cannabis that does not produce the psychoactive component of marijuana — paving the way to legitimacy for an agricultural sector that has been operating […]

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