BUSINESS REPORT: How big can Canada's marijuana sector be? – Globalnews.ca

Throughout the rollercoaster that has been the share prices of marijuana stocks, a key question for the medicinal and the recreational market is: how big can this sector be?According to data from Bloomberg, there have been 10 new listings on the TSX Venture and Canadian Securities Exchange this year, 51 businesses are cleared to grow pot, and another 815 applicants.This could contribute to a tenfold in supply.According to Simon Fraser University criminologist Neil Boyd, only a small proportion of people don’t see legality as a hindrance to its use, which could pose a challenge to forecasting demand for when regulations change.Meanwhile for investors, the challenge has been predicting the future balance of this market.For example, Canopy Growth Corp, the first marijuana start to a billion-dollar valuation has seen their stock tumble 21 per cent in the last three months as perhaps a little exhaustion hits this previously hot sector.

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Nevada issues first marijuana delivery license – CNNMoney

You won’t find this vice on the Vegas Strip Nevada has broken a logjam that threatened to cut off the supply of legal recreational marijuana.

The state, which officially began selling legal marijuana on July 1, only issued its first license to actually transport the product from the farm to the store on Wednesday.

The move will give some dispensary managers relief while officials sort out a larger distribution issue.

Five states allow legal recreational marijuana sales, but Nevada limits which companies can participate in its supply chain. The rules led to worries among dispensary managers that they wouldn’t be able to restock following better than expected demand during the first two weeks of legal sales.

But the first license has been awarded to Blackbird Logistics Corporation, which began shipping almost immediately.

“The dam has been broken and stuff is starting to trickle in,” said Al Fasano, COO of the Las Vegas dispensary ReLeaf, who had been worried that his shelves may run dry without a shipment of new product.

Blackbird has operated primarily as a logistics and delivery company for medical marijuana, which has been legally sold in Nevada since 2014.

Medical marijuana does not carry restrictions on its supply chain under state law and anyone can transport it. Recreational marijuana, however, can be shipped only by liquor distributors.

Blackbird CEO and co-founder Tim Conder said he obtained a liquor license to begin transporting legal weed.

The Nevada Tax Commission could vote Thursday on “emergency regulations” to open deliveries up to non-liquor companies to meet the boom in demand from customers. The commission is meeting to determine the

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Cramer Remix: How the legalization of marijuana could give Brink's a boost – CNBC

If you thought paper money was near extinction, Brink’s, the largest cash management company in the world, proves you wrong, Jim Cramer said.

But Brink’s, which does everything from transporting valuable items in armored vehicles to managing ATMs, could be helped by one unexpected but growing trend: marijuana legalization.

“Brink’s isn’t really involved in the pot industry per se, but because none of these new dispensaries can open bank accounts thanks to federal law, they’re all hiring tons of armored cars to protect their money. Like it or not, marijuana is a cash business,” the “Mad Money” host said.

And while the company has many other growth drivers going for it, like its new smart safe initiative, CompuSafe, which counts your money as you put it in, and its cost-cutting migration to the cloud, a foray into pot could send the stock even higher.

“Even if Brink’s isn’t trying to capture the marijuana market share directly, there are only so many armored trucks in this country, and when demand for them surges from one particular industry, you better believe that’s going to help with pricing across the board. This is a pot play!” Cramer said. “Brink’s has worked a remarkable transformation, and despite all the hand-wringing about the death of king cash, this stock seems to have a lot more room to run, especially as states legalize pot.”

For Cramer, Friday’s unexpectedly strong jobs report numbers validated the strength of the high-flying stock market.

“Employment growth means money to buy a car or to buy a house, hence why the housing stocks roared today [to] new highs. Do I really need to explain how hiring helps the banks and techs and the industrials?” the “Mad Money” host said. “It also shows us which industries have the best growth.

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Nevada dispensaries prepare for legal pot sales – ABC News

At a nondescript building near the Las Vegas Strip, workers in scrubs, hair nets and surgical masks furiously attached labels to sealed jars as others checked on growing marijuana plants or carefully weighed buds.

The frenzied activity is focused on one goal: Getting dispensaries ready to start selling recreational marijuana Saturday in Nevada, largely to tourists.

The company that owns the indoor cultivation facility and three dispensaries in the Las Vegas area has been gearing up since voters approved legal pot in November. Desert Grown Farms held job fairs, checked potential employees’ backgrounds and hired about 60 additional workers. It also stocked up on product.

But preparing to pump enough pot into a market eventually expected to outpace any other legal pot state — at least until California starts its sales — and complying with last-minute regulations has been a task.

“I truly believe we’re ready,” said CEO Armen Yemenidjian, whose company owns the only dispensary that will sell recreational pot on the Las Vegas Strip this weekend. “It would be a good problem to have if I couldn’t meet my demand.”

Nevada will join Colorado, Oregon, Washington and Alaska in allowing those 21 and older to buy the drug.

It remains illegal to use the drug in public areas, including casinos, bars, restaurants, parks, convention centers and concert halls — places frequently visited by millions of tourists, who are expected to make nearly two of every three recreational pot purchases in Nevada. Violators face a $600 fine.

Plus, you can’t light up and drive.

“You can be on Percocet, Valium, meth, booze or marijuana, if you are found to be under the influence, you will go to jail,” Las Vegas Officer Larry Hadfield said.

Despite the limits on where people can get high, dispensaries poised to begin selling recreational pot have been adding extra security and additional checkout

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An OTC Marijuana Penny Stock That's Not a Scam? – Nanalyze

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