Business News cannabis Canopy Growth Op-ed 

Will This Pot Stock Ever Turn a Profit?

Canopy Growth is revising the timeline for its cannabis beverage launch. Management doesn’t expect the delay to impact the company’s top line in 2020. But Canopy Growth’s bottom line is in shambles. Canopy Growth Corp (NYSE: CGC) delayed the launch of its much-anticipated cannabis beverages. The setback is a let down for cannabis stock investors (and potheads). But the Ontario-based marijuana corporation doesn’t expect the decision to have a material impact on its revenue forecast for 2020. The market took the news in stride, with shares slightly up on the…

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aurora cannabis Business News cannabis Canopy Growth Market News Opinion 

Millennials’ Favorite Stock Market Fad Lost a Staggering $13 Billion in 2019

Marijuana stocks were smoking hot with millennials in 2019. But the industry-wide bear market for cannabis last year harshed the buzz. Here’s how much pot stocks lost, and why the industry is struggling. In a landmark year for the stock market, four of the five biggest marijuana stocks by market cap woefully underperformed in 2019. That’s bad news for millennials. They apparently went with the “invest in what you know” approach – and got burned. Investing app Robinhood boasts over 10 million users with an average age of 32. So…

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cannabis cannabis stocks Canopy Growth U.S. Business News 

Intrigue and Revolt Grip Cannabis Powerhouse Canopy Growth

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.” Canopy Growth further announced that Mark Zekulin agreed to take sole ownership of the CEO position and find a new leader but then said he would step down himself after that position was filled. Cannabis…

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CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how our site was affected by Google’s Core Update. As data from SEO analyzer Sistrix shows, our visibility on Google dropped from 1.2 to less than 0.6. You might say we ought not to face any…

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cannabis cannabis stocks coca-cola stock U.S. Business News Warren Buffett 

Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something in everybody’s mind in the world practically about Coca-Cola…I’m not sure that you would want to muddy that image a little bit.” To a certain extent, that’s true.  Just look at this tweet as an…

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