Marijuana Price Drops to 2016 Low
Marijuana prices have plunged to a 2016 low, and the drop has started to change the industry. For producers, there is one light at the end of the tunnel.
Companies and Brands
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Molson Coors Brewing Being Chased Higher and Higher
Goldman Sachs sees upside after Molson Coors Brewing takes full control over the MillerCoors operation. Merrill Lynch also likes the pending acquisition of the outstanding stake of the joint venture.
Marijuana News Roundup: California, Massachusetts Opponents Worry About ‘Big Pot’
Among other concerns with Prop 64, California growers worry that big business players who will simply overwhelm the small grow operations that currently supply California's medical marijuana market.
Marijuana Price Tumbles 9% to $1,540 per Pound
According to the analysts at Cannabis Benchmarks, the simple average price for a gram of cannabis inched up to $4.19 for the week ended Friday, October 7.
What the Apple Music, Spotify Remix Deals Mean Â
One of the last remaining walled-off areas of music was set free on Thursday when Apple Music and Spotify began offering unofficial, single-track remixes on their respective streaming music services.
Major Brands Losing the Most Value
Of the companies that have lost brand value since the last Interbrand survey, some, like IBM, Xerox and Gillette, have been on steady downward trajectories.
California Medical Marijuana Market at $845 Million
The medical marijuana market in California may be the tail that wags the dog. If the state's voters pass Proposition 64 legalizing pot for recreational use, the market could at least double.
Constellation Brands Wows With Q2 Earnings
Constellation Brands reported better-than-expected fiscal second-quarter financial results before the markets opened on Wednesday.
What to Expect From Constellation Brands Earnings
Constellation Brands is expected to report its fiscal second-quarter financial results before the markets open on Wednesday.
Procter & Gamble Sheds Specialty Beauty Business
Procter & Gamble announced that it had transferred its specialty beauty business to Coty, effectively completing its efforts to streamline and strengthen its product portfolio.
Marijuana News Roundup: The Most Pot-Friendly US Representatives and Senators
The National Organization for the Reform of Marijuana Laws (NORML) last week released its 2016 Congressional Scorecard, ranking every U.S. Representative and Senator with a letter grade from ‘A’ to ‘F’ based on their…
Marijuana Price Jumps 5% to $1,687 per Pound
For the week ended Friday, September 30, the spot price index for a pound of cannabis increased more than 4% to $1,687, according to Cannabis Benchmarks.
Philip Morris Updates Guidance at Investor Day
Phillip Morris International is hosting its investor day at its operations center in Switzerland, and with this the company announced updates in its guidance.
ConAgra Beats Estimates, Talks About Separation
ConAgra Foods reported mixed first-quarter fiscal 2017 results and updated its coming split before markets opened Thursday morning.
Exploding Samsung Washing Machines Add to Company’s Woes
When it rains, it pours. At least that's how Korean consumer products maker Samsung must be feeling. The U.S. Consumer Product Safety Commission has received over a dozen complaints about the Samsung washers.