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Marijuana Dispensaries see Increased Sales During the Holidays, Just like Other Retailers

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

Many consumers go into a buying frenzy around the holidays, and traditional retailers aren’t the only businesses that notice an uptick in sales during this time of year.  This is simply proof of why cannabis is better off in a regulated system since more people actually seek cannabis products out as gifts for people who they know it would be just right for.

Randa Shahin, owner/operator of Homegrown Apothecary in Portland, OR, said, “Business grows around the holidays…primarily with edibles and vape products because people need a discreet way to put up with their families. There is also an increase because of gift giving ideas.”

Read More:https://www.theweedblog.com/marijuana-dispensaries-see-increased-sales-holidays-just-like-retailers/


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How a 1 Billion Marijuana Company is Preparing For Legal Weed In Canada

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

VICE News gets an exclusive look inside Canopy Growth Corp., the Canadian marijuana producer that calls itself the world’s largest legal weed company.

So far the company has only been allowed to sell to medical patients, but that will all change when prime minister Justin Trudeau makes good on his promise to legalize marijuana for recreational purposes in the Spring of 2017.

 

That’s especially good news for Canopy, which has been gearing up for the recreational market for years, even though the government hasn’t yet even unveiled its legalization plan. This year, its subsidiary Tweed announced a partnership with Snoop Dogg, and it became the first weed company to list on a major stock exchange. Since then, its stock price has rocketed upwards, and they’ve been evaluated at upwards of $1 billion, making them the first Canadian pot company to reach that mark.

Read More:https://news.vice.com/story/how-a-1-billion-marijuana-company-is-preparing-for-legal-weed-in-canada


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What strain are you smoking on today?

Category: Fun | Posted on Sat, December, 24th 2016 by THCFinder


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Marijuana Industry Raises Over $1 Billion In 2016

Category: Culture | Posted on Sat, December, 24th 2016 by THCFinder

Over $1 billion has been raised in the cannabis industry in 2016, according to Viridian Capital Advisors.

 

The billion dollar line was crossed last week in part with C$40 million ($29.8 million) raised by OrganiGram Holdings, Inc. The deal will allow for the build out and expansion of the company's cultivation, extract and derivative facilities. In addition, Tetra Bio-Pharma, Inc. received C$1 million in a private placement with Aphria Inc. to initiate clinical trials in PhytoPain Pharma.

 

Scott Greiper, president and founding partner of Viridian, said that the $1 billion was mostly raised in North America, with minor amounts from other countries. He also stated that the Canadian market is a meaningful metric as to what the U.S. market could end up looking like in the future. Canada legalized medical marijuana years ago, but the program was slow to build. The election of Prime Minister Trudeau jump-started efforts for the medical marijuana industry.

 

Read More:http://www.forbes.com/sites/debraborchardt/2016/12/21/marijuana-industry-raises-over-1-billion-in-2016/#4e4ead2b3362


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