STOCKHOLM(Reuters) – Growing numbers of Swedish investors are getting a buzz from trading in listed marijuana stocks even though the country has some of Europe’s most restrictive drug laws. FILE PHOTO: A worker collects cuttings from a marijuana plant at …
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From Wall Street to weed: How the financial crisis lit up the pot industry
NEW YORK (Reuters) – As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if …
Read More »Canada prepares for legal pot with new license class, strict labels
TORONTO (Reuters) – Canada’s health regulator on Monday set out thresholds for a new class of cannabis cultivation and processing licenses, and outlined strict requirements for the packaging and labeling of recreational marijuana ahead of its legalization this year. Parliamentary …
Read More »Green Crack, Blue Dream, Gorilla Glue: The problem of pricing pot
NEW YORK (Reuters) – In 2014, as Jonathan Rubin and Ian Laird considered investing in the booming U.S. cannabis industry, they hit a problem: How to value pot starts-ups with little verified data on the price of the weed itself? …
Read More »Israel’s Medivie signs $110 million medical cannabis export deal
JERUSALEM (Reuters) – Israel’s Medivie Therapeutic said on Sunday it signed a $110 million deal to grow and export medical cannabis to an international financial investor over a four year period. The deal is dependent on Israel allowing export of …
Read More »Pot Pharm: Booming Canada weed sector plots next-wave medicines
TORONTO (Reuters) – Canopy Growth Corp, one of the world’s biggest medical marijuana producers, now wants to take on the world’s pharmaceutical giants. The Canadian firm launched Canopy Health Innovation in late 2016 to build a portfolio of patented and …
Read More »Auto crash deaths multiply after April 20 cannabis parties
(Reuters Health) – U.S. traffic fatalities rise dramatically on the day pot smokers celebrate as “Weed Day.” In the quarter-century since High Times magazine proclaimed April 20 a time to light up and smoke marijuana, traffic fatalities have spiked 12 …
Read More »Canada regulator repeats call for weed firms to disclose U.S. risks
TORONTO (Reuters) – Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced. The Canadian …
Read More »France to fight cannabis use with spot fines
PARIS (Reuters) – Cannabis users will soon face on-the-spot fines in France, where teenage use of the drug is among the highest in Europe, French Interior Minister Gerard Collomb said on Thursday. Collomb said legislation would be presented to parliament …
Read More »Massachusetts federal prosecutor: opioids, not pot, are priority
BOSTON (Reuters) – Massachusetts’ new federal prosecutor said on Wednesday he will not rule out prosecuting marijuana businesses in a state that has legalized the drug, but stressed that his focus is on the opioid epidemic. “The No. 1 enforcement …
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