Traditional banks are not willing to lend to marijuana businesses in Canada. This post from CNN Business highlights how the big banks are missing a boom. KushCo Holdings, a company that sells packaging and supplies to the cannabis industry, would love to borrow money from a real bank. CEO Nick Kovacevich wants to secure up to $30 million in revolving credit, so he can ... Continue Reading
Cannabis Industry
Are the US Cannabis Retail Stores Underperforming?
A retail industry veteran and cannabis CEO says most US cannabis stores are ‘underperforming’ their potential and are fraught with points of dissonance. This post from CNBC shares an interview with Peter Horvath. KEY POINTS Peter Horvath, a former Victoria’s Secret and American Eagle Outfitters executive, talks about his new gig as CEO of a cannabis products company ... Continue Reading
Canada’s Legal Pot: A Threat to US Cannabis Industry?
Pot CEO says Canada’s legal pot sales threaten the US cannabis industry and pleads for Trump to help as Canada gets a head start on legal weed. Delve deeper with this post from CNBC. KEY POINTS On Wednesday, Canada became the second country in the world to legalize marijuana. Canadian cannabis companies have already struck multibillion-dollar partnerships and ... Continue Reading
Big Tobacco’s Welcome Presence in Cannabis Industry, For Now
Big Tobacco is mulling a stake in the nascent cannabis industry. The only thing surprising about this is that it took so long. Explore further with this post from Bloomberg. Big Tobacco is finally ready to say, pass that dutch. Altria Group Inc., the biggest U.S. cigarette company, is reportedly in talks to buy a stake in Aphria Inc., one of a growing number of Canadian ... Continue Reading
Top Analyst Predicts A Larger Growth in Cannabis Market
Cannabis market may be far bigger than anticipated earlier. This post from CNBC reveals what the top analyst thinks of this nascent industry poised for high growth. KEY POINTS The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first ... Continue Reading