Pro-weed ‘political front is developing very quickly:’ Constellation Brands CEO

Constellation Brands CEO Rob Sands discusses the shifting politics surrounding the legalization of marijuana. Sands tells CNBC’s Jim Cramer that the 2018 midterm elections could speed cannabis legalization in the United States. Read more

 

5 Marijuana Stocks to Stay Far Away From

The market for cannabis has accelerated in a big way this year. And now investors can’t seem to get enough of marijuana stocks. It’s almost as if we are seeing a replay of the dot-com era. So might there be a bubble brewing? Perhaps. Read more

 

Inside San Diego’s Budding Cannabis Supply Chain

The Kearny Mesa office park that is home to Vista Prime Management is entirely unremarkable from the outside. Inside, however, a crew of employees work diligently to produce, package and distribute cannabis and cannabis-infused products to stores from San Diego to Sacramento. Read more

 

Canada is about to legalize marijuana. How did that happen? Justin Trudeau, for starters

Politicians herald it as transformative. Residents offer resounding support in the polls. Investors see billions of dollars on the horizon. When Canada legalizes marijuana on Oct. 17, it will join Uruguay as the only countries to allow recreational cannabis nationwide. The South American country became the first in 2013. Read more

 

Medical-marijuana company GW Pharma to sell $300 million in stock offering

GW Pharmaceuticals PLC GWPH, -4.34% said late Monday that it plans to sell $300 million worth of American depositary shares. Shares in the company fell 1.6% after hours.  Read more

 

The maker of Corona beer made an early bet on cannabis — and it’s already made more than $1 billion (STZ, CGC)

Constellation Brand’s investment in the world’s largest publicly traded marijuana companies is already paying off. In its earnings report Thursday morning, the company behind Corona beer, Svedka vodka, and other alcoholic beverages said its two investments into Canopy Growth Corporation has already netted it more than $1 billion in unrealized gains thanks to the marijuana producers surging stock. Read more