Category: Cannabis

Trump to meet with vaping industry as he mulls tighter regulation

WallStreetReview
Trump to meet with vaping industry as he mulls tighter regulation
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he will be meeting with vaping industry representatives as his administration considers tightening e-cigarette regulations amid a nationwide outbreak of vaping-related injuries and deaths. “Will be meeting with representatives of the Vaping industry, together with medical professionals and individual state representatives, to come up with an acceptable solution to the... Read More

Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk

WallStreetReview
Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk
FRANKFURT (Reuters) – Siemens (SIEGn.DE) Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. FILE PHOTO: Siemens CEO Joe Kaeser looks on before visit of German Chancellor Angela Merkel at the company’s plant in Goerlitz,... Read More

Siemens CEO deplores admiration for ‘pot smoker’ after his deputy praised Tesla

WallStreetReview
Siemens CEO deplores admiration for ‘pot smoker’ after his deputy praised Tesla
FILE PHOTO: Siemens CEO Joe Kaeser looks on before visit of German Chancellor Angela Merkel at the company’s plant in Goerlitz, Germany, July 15, 2019. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) – Siemens (SIEGn.DE) Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after... Read More

Drake signs up for Toronto marijuana venture

WallStreetReview
Drake signs up for Toronto marijuana venture
FILE PHOTO – 2019 Billboard Music Awards- Show – Las Vegas, Nevada, U.S., May 1, 2019 – Drake accepts the award for Billboard Top Artist. REUTERS/Mario Anzuoni (Reuters) – The biggest of Canada’s new brand of marijuana producers will join forces with Toronto-born rap star Drake to launch a fully-licenced joint venture in the city to produce and distribute cannabis,... Read More

As ‘Cannabis 2.0’ kicks off in Canada, industry strangled by limited retail outlets

WallStreetReview
As ‘Cannabis 2.0’ kicks off in Canada, industry strangled by limited retail outlets
(Reuters) – A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. FILE PHOTO: Cannabis products on display at the Hunny Pot Cannabis Co. retail cannabis store after marijuana... Read More

Alibaba to stop sales of e-cigarette components in United States

WallStreetReview
Alibaba to stop sales of e-cigarette components in United States
FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee/File Photo (Reuters) – Chinese e-commerce firm Alibaba said on Wednesday it will stop selling e-cigarette components in the United States, amid growing regulatory scrutiny and reports of lung disease and some deaths linked to vaping.... Read More

U.S. seeks advertising, sales data on e-cigarette companies

WallStreetReview
U.S. seeks advertising, sales data on e-cigarette companies
WASHINGTON (Reuters) – The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe into their marketing practices. FILE PHOTO: Federal Trade Commission seal is seen at a news conference at FTC headquarters in Washington, U.S., July 24, 2019.... Read More

Short sellers circle cannabis stocks as profits dwindle

WallStreetReview
Short sellers circle cannabis stocks as profits dwindle
NEW YORK (Reuters) – Wall Street’s love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise their bets against the industry, fund managers and analysts said on Wednesday. FILE PHOTO: A thriving marijuana plant is seen at a grow operation in Denver, Colorado December 31, 2013. REUTERS/Rick... Read More

Vape product concerns weigh on Canadian cannabis companies looking for sales boost

WallStreetReview
Vape product concerns weigh on Canadian cannabis companies looking for sales boost
TORONTO (Reuters) – A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability. FILE PHOTO: An employee prepares an order for a customer at the Fire and Flower store... Read More