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Andrew Yang is the Democratic presidential candidate with the lowest profile. That’s unfortunate because he’s not only one of the more reasonable candidates on the slate, but he also has some very interesting policy ideas – including one that would boost cannabis stocks. Marijuana is already legal in most states for medical use and in […]
The post Cannabis Stocks Could Get High on an Andrew Yang Presidency appeared first on CCN Markets
Intec Pharma Ltd. is a tiny company in the space of pot stocks, doing clinical research involving cannabis. But one of their drugs failed a Stage III clinical trial. Intec’s stock got crushed and lost 81 percent of its value. Death of A Cannabis Stock Dream Intec has three drugs in its pipeline, including cannabis […]
The post Cannabis Stock Destroyed by 81% Decline on Clinical Trial Failure appeared first on CCN Markets
There were bizarre developments at publicly-traded cannabis company Canopy Growth Corporation on Wednesday. Canopy Growth announced that co-CEO and founder Bruce Linton would “step down as co-CEO.” Yet Bruce Linton called into CNBC later that day and told the business news network: “I think stepping down might not be the right phrase. I was terminated.” […]
The post Intrigue and Revolt Grip Cannabis Powerhouse Canopy Growth appeared first on CCN Markets
By CCN Markets: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable with prescribing the drug. For interested investors, TruTrace’s stock trades as symbol “TTT” on the Canadian stock exchange. Shoppers Drug Mart operates roughly 1,300 pharmacies in Canada and already sells various products containing marijuana. It hopes to make doctors and patients feel more secure.
Ernesto Huerto is the very embodiment of Bitcoin. As the operator of Crypto Space, a physical bitcoin exchange in Los Angeles’ San Pedro neighborhood, Huerto knows more than most about the challenges of running a cryptocurrency business while maintaining banking access and compliance. In a wide-ranging interview, the Crypto Space owner has disclosed the realities of straddling the line that separates centralized and decentralized finance, and the underhand tactics big banks deploy to crush crypto startups.
Also read: Japan Approves 2 New Crypto Exchanges – 140 More Interested
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. The bill was proposed by Assemblymember Phil Ting on February 20, 2019.
If put into law, it would affect California's many cannabis businesses.
One of the most prominent driving factors behind this bill, and where the decentralized nature of financial blockchain technology really has a chance to shine, is the fact that banks lack cooperation with these businesses. Citing a conflict with federal law, many financial institutions refuse to let cannabis businesses open bank accounts, thereby cutting off this multibillion-dollar industry from using digital money transfers.
Tilray’s share price plummeted today on the expiry of its IPO lock-up period. But is the sell-off investors exiting cannabis stocks? Or, is it as simple as Tilray “insiders” cashing in their profits? Tilray’s stock lost 17.24% by the end of trading on the Nasdaq today, wiping out recent day’s gains. With its IPO, Tilray
The post Investors Probably Didn’t Turn Their Backs on Tilray Cannabis Stocks Today appeared first on CCN
In a press release published earlier today, DMG Blockhain announced that it will build a blockchain based supply management platform for the Cannabis industry. Using DMG’s platform, producers, distributors, retailers, shippers, regulators, and others in the Cannabis supply chain will be able to ensure product traceability, safety, and transparency when it comes to the Cannabis business. The platform is set to deploy in Canada first, and later expand globally.
As Canada prepares to legalize recreational marijuana next month, the impact this will have on online drug marketplaces has remained unclear. Consequently, the Department of Public Safety Canada is looking to commission a study that will shed light on the cryptomarkets – online drug marketplaces that rely on the TOR browser and cryptocurrencies – with
The post Canada to Study Cannabis Cryptomarkets Ahead of Recreational Marijuana Legalization appeared first on CCN
There’s a huge new trend that is sweeping the investment world and no, it’s not Bitcoin. The rise in the legalisation of Marijuana has led to the development of a new investment opportunity, Cannabis Shares, a culture that now allows investors to purchase shares in various legal cannabis based projects, be that the sale of cannabis itself, or products made of cannabis.
Naturally, finance magnates love to turn any commodity into an investment opportunity, therefore this sort of thing was always inevitable with the international changes in cannabis legislation, however, many are now starting to see similarities between cannabis shares and cryptocurrencies, with many starting to worry that eventually, the cannabis industry could well wipe out the need for crypto-investment for good.
Before it was turned into an investment asset, the invention of Bitcoin promised to usher in a world where anyone can pay for anything they like without a need for getting prior approval from the powers that be. The demand for uncensorable transactions still exists, and the latest example of this comes from Israel where the largest cannabis community market has turned to bitcoin payments.
Also Read: The Weekly: Muskbots Blocked, US Candidate Accepts Bitcoin, Herd of Institutional Investors
After delistings, warnings and even regulatory actions in different markets around the world, we are now getting another indication that the “blockchain” stocks hype is dying out. A TASE shell company has switched its focus from trying to enter the blockchain racket to newer trends like the legal cannabis business.
Also Read: Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)
Fantasy Network is a shell company traded on the Tel Aviv Stock Exchange (TASE: FNTS). On Monday the company announced drastic changes to its leadership, ending all the plans it previously had to enter the blockchain space. The company’s CEO quit last week after FNTS attempt to merge with A2Z Blockchain Technologies failed.
Singlepoint has launched a bitcoin payment solution for the cannabis industry. The company also plans to launch a cryptocurrency exchange in the upcoming months as well as a crypto wallet which will be ready for testing in the next weeks.
Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies
Publicly-traded holding company Singlepoint (OTC:SING) has announced the soft launch of its Singleseed bitcoin payment solution. A subsidiary of Singlepoint, Singleseed is a B2B provider of cannabis-based technology services, including payments, marketing, and web development. Singlepoint elaborated:
Cannabis Wire, a trade publication dedicated marijuana industry coverage, is launching a newsroom on blockchain-based journalism platform Civil.
CoinDesk
Blockchain technology has the potential to reinvent a huge number of existing global industries, with companies right now trying to shake-up every space, from travel to communication.
But it’s not just limited to mainstream sectors. Blockchain technology is also being used to tackle issues that exist in industries that might be considered fringe but, at the same time (and almost as a result of this categorization), can benefit as much or more from a blockchain shakeup than can more traditional sectors.
One of these industries is the medical and recreational cannabis space — and the company that’s positioned itself to drive the shakeup is Budbo.
Budbo, the company whose immensely popular app has been dubbed “the Tinder of weed”, is now focusing on leveraging the power of the blockchain to help document supply chains and aid research by providing extensive transparent data. Their token sale is now live.
The current legalized marijuana industry is fragmented and marginalized, something that has led Budbo to identify a dire need for some form of systematic organization that also incorporates a transparency of operations. Enter the blockchain. Budbo aims to streamline the processes, supply chain, and logistics of the marijuana industry, bringing transparency to the ecosystem with the help of the Ethereum Blockchain.
On today’s episode of The Cryptoverse:
A dozen medicinal cannabis cultivators and processors have partnered with Medicinal Genomics to record and track the genetics of cannabis strains on the Bitcoin blockchain to ensure product consistency and quality.
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