Interview https://www.benzinga.com/views/taxonomy/term/125566 en How One Company Is Capitalizing On Cannabis Distillates' Surging Popularity https://www.benzinga.com/news/18/05/11742279/how-one-company-is-capitalizing-on-cannabis-distillates-surging-popularity <p>As <a href="http://www.benzinga.com/general/biotech/18/03/11035855/smoking-is-just-one-way-to-use-marijuana-an-introduction-to-vaporizer">Benzinga recently detailed</a>, smoking is just one of many ways to consume cannabis. In fact, smoking is becoming less popular as other smokeless options continue to emerge. They include distillates, a kind of cannabis concentrate found in some vape pens or sold for use with dab rigs.</p> <p>Much has been said about&nbsp;<a href="https://www.benzinga.com/news/17/10/10156977/how-this-leading-marijuana-company-is-capitalizing-on-the-rise-of-smoke-free-wee">companies capitalizing</a> on the smokeless cannabis consumption trend, but the focus is usually on the businesses making the actual distillates.</p> <p>Little has been said about those &ldquo;selling pickaxes,&rdquo; those making the equipment needed to make the distillates in question. Benzinga reached out to <strong>Root Sciences,</strong> the largest cannabis distillery equipment maker in the United States and the producer of the Short Path Distillation system, which is used to make distillates containing tetrahydrocannabinol, cannabidiol and other cannabinoids.</p> <h3> <strong>How Short Path Distillation Works</strong></h3> <p>How does Root Sciences&rsquo; distillation technology work and how is it different from others in the market?</p> <p>The company&rsquo;s equipment &ldquo;rapidly puts the cannabis oil in its final stage,&rdquo; with 60-percent THC potency and no impurities, CEO Nenad Yashruti told Benzinga.</p> <p>&ldquo;From the medical patient to the recreational consumer, concentrates of this purity, potency and consistency will be the ...</p><p><a href=https://www.benzinga.com/news/18/05/11742279/how-one-company-is-capitalizing-on-cannabis-distillates-surging-popularity alt=How One Company Is Capitalizing On Cannabis Distillates&#039; Surging Popularity>Full story available on Benzinga.com</a></p> ACBFF APHQF best marijuana stocks cannabis cannabis news cannabis oil cannabis stocks CBDS CNTTF CRON DJACF Ganja GWPH Hemp IGC invest in marijuana is marijuana ITHUF legal marijuana legal weed marihuana marijuana marijuana dispensary marijuana laws marijuana legalization marijuana legalize marijuana news marijuana states marijuana stocks marijuanas stock med marijuana MEDFF medical medical cannabis medical marijuana medical marijuana stock medicinal marijuana MJ MSRT pot PRMCF Recreational Marijuana Root Sciences SMG smoke weed smoking weed THC THCBF TWMJF weed weed legalization weed news weed plant weed stock XXII ZYNE Emerging Markets Top Stories Exclusives Markets Interview IGC US45408X1000 SMG US8101861065 ITHUF XXII CNTTF GWPH CBDS TWMJF MSRT ZYNE THCBF ACBFF APHQF MJ PRMCF DJACF MEDFF CRON Emerging Markets Top Stories Exclusives Markets Interview Benzinga Mon, 21 May 2018 18:31:16 +0000 Javier Hasse 11742279 at https://www.benzinga.com Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week https://www.benzinga.com/general/biotech/18/05/11744154/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-wee <p>This was a very active week in the cannabis capital markets, with Cronos Group reporting earnings, Canopy Growth applying to trade on the NYSE, Aurora Cannabis acquiring MedReleaf in the largest cannabis deal in history and GTI announcing intentions to go public in Canada.</p> <p>The news drove the<strong> </strong><a href="http://marijuanaindex.com/stock-quotes/united-states-marijuana-index/">United States Marijuana Index</a>, which tracks 17 of the largest marijuana stocks in the U.S., up almost 5 percent. Meanwhile, the <a href="http://marijuanaindex.com/stock-quotes/north-american-marijuana-index/">North American Marijuana Index</a>, which also includes Canadian stocks, posted gains of less than 1 percent.</p> <p>The <strong>Horizons Marijuana Life Sciences Index ETF</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmlsf#OTC">HMLSF</a>) gained 3 percent over the five days of the week, while the <strong>ETFMG Alternative Harvest ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>) rose 1 percent. The <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) slipped 0.55 percent.</p> <p>&ldquo;The Canadian market is becoming a land grab and Aurora is spending big bucks to get as much market share as possible,&rdquo; Green Market Report co-founder and CEO Debra Borchardt said in reference to the Aurora-MedReleaf deal. &ldquo;[Aurora] paid a premium for MedReleaf, but critics say that Aurora needed the high-quality product the MedReleaf is known for.&rdquo;</p> <p>Discussing the Canopy Growth NYSE application, she added, &ldquo;This is huge as it signals that the major exchanges are loosening up when it comes to cannabis. It is also coming on the heels of Cronos Group listing at the NASDAQ. Cronos Group was also amongst a big group of cannabis companies that reported earnings this week. Many of them delivered revenue increases in the triple digits, but not all of them managed to report profitability.&rdquo;</p> <p>Borchardt highlighted a big report out this week from the New York City Comptroller, &ldquo;who estimates that the New York State market for cannabis could reach $3.1 billion &ndash; and $1.1 billion could come from New York City alone. New York politicians all seem to be&nbsp;moving closer to supporting&nbsp;legalization.&quot;</p> <p>Jon Levine, CFO of&nbsp;<strong>MariMed Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mrmd#OTC">MRMD</a>)&nbsp;added, &ldquo;We believe there are two important factors that are currently driving cannabis stock prices.&nbsp;The first is the bipartisan Congressional bill proposing to cement state rights to determine their own cannabis regulation.&nbsp;The second is this week&rsquo;s Supreme Court allowance of state-authorized sports gambling, which is a states&rsquo; rights issue.</p> <p>&ldquo;The US Constitution&rsquo;s 10th amendment&nbsp;states that powers not delegated to the United States by the Constitution are reserved to the states respectively.&nbsp;Sports betting is not in the constitution and neither is cannabis.&nbsp;With Justice Samuel Alito&rsquo;s decision this week that the Constitution did not grant the federal government the power to prohibit states from acting as they saw fit regarding sports betting, the same legal argument can be applied to cannabis.&nbsp;Some astute investors may be seeing this as a green light for reducing the risk of investing in cannabis.&rdquo;</p> <h3> <strong>Stock Moves</strong></h3> <p>Here are some of the top marijuana stocks in U.S. exchanges and how the performed this week:</p> <ul> <li> <strong>22nd Century Group Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NYSE">XXII</a>): down 10.5 percent</li> <li> <strong>Aphria Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aphqf#OTC">APHQF</a>): up 6.4 percent</li> <li> <strong>Aurora Cannabis Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/acbff#OTC">ACBFF</a>): down 2.9 percent</li> <li> <strong>Cannabis Sativa Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cbds#OTC">CBDS</a>): up 3 percent</li> <li> <strong>CannTrust Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnttf#OTC">CNTTF</a>): down 7.2 percent</li> <li> <strong>Canopy Growth Corp </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/twmjf#OTC">TWMJF</a>): up 17.6 percent</li> <li> <strong>Cronos Group Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>): up 1.8 percent</li> <li> <strong>GW Pharmaceuticals PLC- ADR </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>): up 6 percent</li> <li> <strong>Hiku Brands Company Ltd</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/djacf#OTC">DJACF</a>): up 3.4 percent</li> <li> <strong>India Globalization Capital, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/igc#NYSE">IGC</a>): up 0.5 percent</li> <li> <strong>MassRoots Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/msrt#OTC">MSRT</a>): up 9.4 percent</li> <li> <strong>MedReleaf Corp</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/medff#OTC">MEDFF</a>): down 2 percent</li> <li> <strong>Scotts Miracle-Gro Co </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>): up 5.85 percent</li> <li> <strong>THC Biomed Intl Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/thcbf#OTC">THCBF</a>): up 0.9 percent</li> <li> <strong>Zynerba Pharmaceuticals Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>): up 11 percent</li> </ul> <h3> <strong>In Other News</strong></h3> <p>Leading cannabis industry data, analytics and business intelligence firm <strong>New Frontier Data</strong> announced it has partnered with <strong>Benzinga</strong> to bring its readers the latest information to our finance-savvy readers.</p> <p>&ldquo;New Frontier Data is the industry standard for cannabis data reporting, and this exclusive partnership enhances Benzinga&rsquo;s established reputation for providing <a href="http://www.benzinga.com/author/javier-hasse">actionable insights</a> that drive profits for its readers,&rdquo; said Benzinga CEO Jason Raznick. &ldquo;It&rsquo;s fitting for New Frontier Data to provide the first-ever cannabis overview to the leadership of the financial services space at today&rsquo;s Global FinTech Awards in New York.&rdquo;</p> <p><strong>Cronos Group </strong>posted first-quarter revenue of $2.9 million, up from $500,000 in the same period last year.</p> <p>Following the steps of Cronos Group, which recently started trading on the Nasdaq, Canadian grower <strong>Canopy Growth </strong>applied to list its stock in the NYSE.</p> <p>&ldquo;We believe a Canopy Growth listing on the NYSE is significant for the Cannabis Industry not only because it would set a precedent and could serve as a catalyst for other &lsquo;plant touching&rsquo; businesses to follow, but also (1) could provide added liquidity / currency for future acquisitions by Canopy Growth and&nbsp;(2) on the flip side, could make it easier for&nbsp;<strong>Constellation Brands</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>) to increase its stake in Canopy Growth (or facilitate a ...</p><p><a href=https://www.benzinga.com/general/biotech/18/05/11744154/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-wee alt=Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week>Full story available on Benzinga.com</a></p> A ACBFF Alana Malone Alt Thirty Six AMZN APHQF AxisWire Biotech Blockchain Canada Canada Cannabis Canada Marijuana cannabis Cannabis ETF cannabis news Cannabis Stock Index cannabis stocks CannaGrow Expo CanPay CBDS CNTTF CRON Cura Cannabis Solutions CVSI Debra Borchardt DJACF Dustin Eide Earnings Emerald Cup FLRish Gloucester Street Capital Gotham Green Partners Green Dot Labs Green Market Report Green Thumb Industries GreenWave Advisors GRWG GTI GWPH High Finance Fund HMLSF IGC Industry Power Women invest in marijuana ITHUF Jon Levine Juve Wellness Karen Paull Kurt Rossner LBUY Leafbuyer legal marijuana Lenitiv Scientific Long Ideas Magical Butter marijuana Marijuana ETF Marijuana Index Marijuana Money marijuana news marijuana stocks Matt Karnes MEDFF medical cannabis medical marijuana MJ Montel Williams MRMD MSRT New Frontier Data News Nina Palomba North American Marijuana Index Pot Stocks PRMCF Scott Greiper Sector ETFs Skama Tek SMG SPY Star Stephen Ashekian STZ THCBF The Marijuana Show theWEED TWMJF United States Marijuana Index Viridian Capital Advisors WebJoint weed stock Wendy Robbins XXII ZYNE Education Emerging Markets Emerging Market ETFs M&A Events After-Hours Center Markets Movers Trading Ideas Interview ETFs General IGC US45408X1000 SPY US78462F1030 AMZN US0231351067 A US00846U1016 SMG US8101861065 STZ US21036P1084 ITHUF XXII CNTTF CVSI GWPH CBDS TWMJF MSRT ZYNE THCBF ACBFF APHQF MJ PRMCF GRWG LBUY MRMD DJACF MEDFF HMLSF CRON Biotech Earnings Long Ideas News Sector ETFs Education Emerging Markets Emerging Market ETFs M&A Events After-Hours Center Markets Movers Trading Ideas Interview ETFs General Benzinga Fri, 18 May 2018 21:14:05 +0000 Javier Hasse 11744154 at https://www.benzinga.com Sketchy: Industry Expert Says Latest Skechers-Adidas Litigation A 'PR Move' https://www.benzinga.com/news/18/05/11726854/sketchy-industry-expert-says-latest-skechers-adidas-litigation-a-pr-move <p>A lawsuit filed by&nbsp;<strong>Skechers USA Inc</strong>&nbsp;(NYSE:&nbsp;<a class="ticker" href="https://www.benzinga.com/stock/skx#NYSE">SKX</a>) against&nbsp;<strong>adidas AG (ADR) </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>) that <a href="http://www.slamonline.com/kicks/skechers-suing-adidas-due-alleged-payments-top-recruits/">accuses</a> the German footwear maker of blocking Skechers&#39; entry into the basketball shoe market comes directly on the heels of the U.S. Appeals Court upholding a ruling that blocks Skechers from selling a tennis shoe that <a href="http://qz.com/1275817/adidas-and-skechers-are-in-court-battling-over-stan-smiths-and-basketball/">Adidas said copied its design</a>.&nbsp;</p> <p>The latest litigation between the two shoemakers piggybacks on accusations that <a href="https://www.nytimes.com/2017/09/26/sports/ncaa-adidas-bribery.html">Adidas was involved with payments to prospective college basketball players</a> in return for signing with Adidas-sponsored schools and eventual endorsement deals.&nbsp;</p> <p>Skechers, a brand more associated with<a href="https://qz.com/421096/sneakerheads-dont-rule-the-sneaker-market-moms-do/"> moms running errands than basketball</a>, said in its lawsuit that Adidas&#39; alleged corruption was a barrier to the basketball shoe market. Adidas &quot;effectively blocked Skechers and other companies&quot; and &ldquo;unfairly bolstered the perception of the brand,&quot; according to Skechers.&nbsp;</p> <p>The<a href="https://www.benzinga.com/news/17/06/9648788/nba-draft-recap-big-baller-brands-scale-back-endorsement-deals-while-basketball-s"> basketball shoe market </a>is stagnant, and it would take a sizable investment to enter at any level. Just ask Under Armour, which has made a significant attempt to enter the sector and has made little headway.&nbsp;&nbsp;</p> <p>Adidas said in a statement that Skechers&#39; lawsuit, filed May 10 in ...</p><p><a href=https://www.benzinga.com/news/18/05/11726854/sketchy-industry-expert-says-latest-skechers-adidas-litigation-a-pr-move alt=Sketchy: Industry Expert Says Latest Skechers-Adidas Litigation A &#039;PR Move&#039;>Full story available on Benzinga.com</a></p> ADDYY ASCCY Darren Heitner News NKE PMMAF SKX Stan Smith UAA Legal Sports Interview General NKE US6541061031 SKX US8305661055 ADDYY US00687A1079 PMMAF ASCCY UAA News Legal Sports Interview General Benzinga Fri, 18 May 2018 20:22:24 +0000 Brett Hershman 11726854 at https://www.benzinga.com Turtle Beach CEO Talks 'Fortnite,' Battle Royale Gaming: 'It's A Great Place To Be' https://www.benzinga.com/news/18/05/11708768/turtle-beach-ceo-talks-fortnite-battle-royale-gaming-its-a-great-place-to-be <p>&quot;Fortnite&quot; emerging as the biggest video gaming story of the year has had a profound effect on <strong>Turtle Beach Corp&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hear#NASDAQ">HEAR</a>), a gaming headset manufacturer that has seen its shares rise a <a href="https://www.neowin.net/news/riding-on-fortnite-craze-turtle-beach-shares-rise-over-700">remarkable 770 percent in 2018</a>.</p> <h3> Huge Success</h3> <p>Turtle Beach is seen as a nearly pure play to invest in the<a href="https://www.barrons.com/articles/fortnite-why-you-can-think-of-it-like-netflix-1526311157">&nbsp;success of &quot;Fortnite,&quot;</a>with the Battle Royale-style free play game driving a&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11640540/the-success-of-fortnite-is-driving-massive-gaming-heads">huge increase in headset sales</a>.</p> <p>Gaming headset sales grew 78 percent in the first quarter, according to NPD data. Turtle Beach is outpacing the market by nearly two times, with sales up 110 percent in the first quarter.</p> <p>&ldquo;&#39;Fortnite&#39; and &#39;Pub G&#39; started taking off and that has brought in a bunch of new gamers,&quot; Turtle Beach CEO Juergen Stark told Benzinga in a recent conversation. &quot;Even higher than first person shooters where people were using headsets, a bunch of them are buying headsets for &#39;Fortnite&#39; and that has driven more than 100 percent increase in our sales. For four months running, we have gained significant market share.</p> <p>&ldquo;We are the dominant provider of gaming headsets on Xbox and PlayStation with 42 percent market share. Part of the reason we have the share we ...</p><p><a href=https://www.benzinga.com/news/18/05/11708768/turtle-beach-ceo-talks-fortnite-battle-royale-gaming-its-a-great-place-to-be alt=Turtle Beach CEO Talks &#039;Fortnite,&#039; Battle Royale Gaming: &#039;It&#039;s A Great Place To Be&#039;>Full story available on Benzinga.com</a></p> battle royale Fortnite HEAR Juergen Stark MSFT Pub G SNE Turtle Beach Sports Top Stories Exclusives Tech Media Interview General MSFT US5949181045 SNE US8356993076 HEAR Sports Top Stories Exclusives Tech Media Interview General Benzinga Fri, 18 May 2018 15:23:11 +0000 Brett Hershman 11708768 at https://www.benzinga.com The 2018 Benzinga Global Fintech Awards Winners' Panel: How They Made Their Companies Attractive To Investors https://www.benzinga.com/fintech/18/05/11726902/the-2018-benzinga-global-fintech-awards-winners-panel-how-they-made-their-com <p>The <a href="https://benzingafintechawards.com/finalists-2018/">winners of the 2018 Benzinga Global Fintech Awards</a> announced on Tuesday evening recognizized innovators in everything from lending to <a href="https://www.benzinga.com/investing/best-robo-advisors/">robo-advisors</a>.</p> <p>Three of those winners&mdash;Vestwell CEO Aaron Schumm (3rd place overall winner), M Science CEO Michael Marrale (winner of Finding Alpha Through Alternative Data), and Tom Fast, head of corporate development at Finicity (2nd place overall winner)&mdash;spoke Wednesday morning in a town hall-style panel moderated by McCarter &amp; English Associate Jared Sorin.</p> <p>They were asked what they did to raise capital, and how they make themselves attractive to both investors and potential employees.</p> <h3> Aaron Schumm on how they raised money:</h3> <p>Schumm said Vestwell went the traditional venture capital route to raise money, and his experience starting a fintech company in August 2008 at the height of the financial crisis was a huge advantage.</p> <p class="rteindent1"><em>&ldquo;This time around it&rsquo;s a lot easier. When you&rsquo;re a repeat, you know what to do and what not to do. We spoke to 89 companies and only got two no&rsquo;s. So we got to ...</em></p><p><a href=https://www.benzinga.com/fintech/18/05/11726902/the-2018-benzinga-global-fintech-awards-winners-panel-how-they-made-their-com alt=The 2018 Benzinga Global Fintech Awards Winners&#039; Panel: How They Made Their Companies Attractive To Investors>Full story available on Benzinga.com</a></p> Aaron Schumm Benzinga Global Fintech Awards Finicity Fintech M Science Michael Marrale TOm Fast VestWell Movers & Shakers Top Stories Interview General Fintech Movers & Shakers Top Stories Interview General Benzinga Wed, 16 May 2018 20:04:21 +0000 Spencer Israel 11726902 at https://www.benzinga.com The Makings Of CNBC's Morgan Brennan: Anthropology, Entrepreneurship And 'Rent' https://www.benzinga.com/general/entrepreneurship/18/05/11689056/the-makings-of-cnbcs-morgan-brennan-anthropology-entrepreneu <p>Morgan Brennan&rsquo;s best days end with a plate at Bar Pitti and a curtain call.</p> <p>The self-proclaimed &ldquo;foodie&rdquo; scouts new restaurants and reads menus for fun, and she&rsquo;s seen close to 150 shows, none better than &ldquo;Rent&rdquo; with the original cast.</p> <p>&ldquo;It inspired me in so many ways,&rdquo; the &ldquo;Broadway junkie&rdquo; told Benzinga.</p> <p>They&rsquo;re pastimes befitting an avid student of culture &mdash; built on passions equally core to her day job. By the time the sun rises, Brennan pivots her research skills and anthropological instincts to equally fulfilling endeavors.</p> <h3> <strong>A Legacy In The Making</strong></h3> <p>Brennan wants to be remembered as an educator, a challenger of the status quo, one not to shy from hard questions.</p> <p>As the newest co-anchor of CNBC&rsquo;s &quot;Squawk Alley,&quot; Brennan&rsquo;s forging that legacy. She began the &ldquo;thrilling&rdquo; transition from general assignment reporter in April.</p> <p>&ldquo;Live television is &lsquo;sit on the edge of your seat,&rsquo;&rdquo; Brennan told Benzinga in a recent conversation. &ldquo;You never quite know how it&rsquo;s going to go. When you&rsquo;re a magazine writer, you spend weeks working on a story and crafting it and fact-checking it and fact-checking it again, and you know what&rsquo;s going out. With live television, you get as prepared as you possibly can, but then you get a breaking news headline and everything changes, so it&rsquo;s a totally different process. I love it.&rdquo;</p> <p>Brennan&rsquo;s new position requires talking off the cuff about whatever&rsquo;s breaking &mdash; a task demanding broad knowledge earned through extensive reading, interviewing and time.</p> <p>&ldquo;It&rsquo;s literally like getting paid to learn,&rdquo; she ...</p><p><a href=https://www.benzinga.com/general/entrepreneurship/18/05/11689056/the-makings-of-cnbcs-morgan-brennan-anthropology-entrepreneu alt=The Makings Of CNBC&#039;s Morgan Brennan: Anthropology, Entrepreneurship And &#039;Rent&#039;>Full story available on Benzinga.com</a></p> A Day In The Life CNBC Morgan Brennan Squawk Alley TWTR Entrepreneurship Movers & Shakers Top Stories Exclusives Interview General TWTR US90184L1026 Entrepreneurship Movers & Shakers Top Stories Exclusives Interview General Benzinga Wed, 16 May 2018 19:11:10 +0000 Elizabeth Balboa 11689056 at https://www.benzinga.com What The Supreme Court's Sports Betting Ruling Means For States, Leagues And Online Sportsbooks https://www.benzinga.com/government/18/05/11706980/what-the-supreme-courts-sports-betting-ruling-means-for-states-leagues-and <p>Sports betting is legal in the United States. The <a href="https://www.benzinga.com/news/18/05/11704824/supreme-court-overturns-sports-betting-ban-in-new-jersey-case">Supreme Court&rsquo;s landmark decision to overturn PAPSA</a>, a law in place since 1992, has far-reaching implications for professional sports and creates the potential for legalized and regulated online gambling.</p> <p>&quot;The legalization of sports gambling requires an important policy choice, but the choice is not ours to make,&quot; Justice Samuel Alito wrote in the 7-2 opinion. &quot;Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.&quot;</p> <h3> Markets Move</h3> <p>Immediately after the news broke, gaming giant<strong> Caesars Entertainment Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/czr#NASDAQ">CZR</a>) shares gained over 8 percent, along with other casino stocks. <strong>Churchill Downs, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chdn#NASDAQ">CHDN</a>) shares were up 4.87 percent at the close Monday, while&nbsp;<strong>Boyd Gaming Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/byd#NYSE">BYD</a>) shares were up more than 3 percent.</p> <p>Sports Attorney Darren Heitner tells Benzinga he does&#39;t see the proliferation of sports betting beyond Nevada hurting Las Vegas in anyway.</p> <p>&quot;This is a great opportunity for (Gaming corporations). Right now they are limited to Nevada. Now they can expand beyond and tap into whatever they have in Atlantic. They are salivating at the opportunity,&quot; he said.</p> <p>&quot;Overall it&#39;s a good thing for the teams and leagues. There is a lot of sports media companies that provide data and analysis to consumers that will benefit and new networks (for bettors) will emerge. It will also draw more fans to the stadium. I think there is a real possibility to see betting at the actual game,&quot; Heitner said.</p> <p>Heitner says that people will be mistaken if they are expecting to see sports betting in every state immediately.</p> <p>&quot;It is going to be a slow process. People are obviously mistaken to see sports betting legal everywhere. Certain states that have taken a proactive role such as New Jersey, will absolutely license and operate in the immediate future and other states will continue to debate.&quot;</p> <p>Dallas Mavericks owner Mark Cuban <a href="https://www.cnbc.com/2018/05/14/mark-cuban-sports-team-saw-their-value-double-on-betting-decision.html">told CNBC</a>, &quot;I think everyone that owns a top four professional sports team saw the value of their team double.&rdquo;</p> <p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11714090/heres-where-legal-us-sports-betting-is-coming-first">Here&#39;s Where Legal US Sports Betting Is Coming First</a></em></p> <h3> <strong>League Comissioners Weigh In</strong></h3> <p>The MLB, NBA and the PGA Tour took an early ...</p><p><a href=https://www.benzinga.com/government/18/05/11706980/what-the-supreme-courts-sports-betting-ruling-means-for-states-leagues-and alt=What The Supreme Court&#039;s Sports Betting Ruling Means For States, Leagues And Online Sportsbooks>Full story available on Benzinga.com</a></p> Adam Silver BYD CHDN CZR Government Jay Monahan Mark Cuban MLB NBA News nfl NHL PAPSA PGA Tour Samuel Alito Scott Cooley Zack Ward Legal Sports Top Stories Exclusives Interview General CHDN US1714841087 BYD US1033041013 CZR US1276861036 News Government Legal Sports Top Stories Exclusives Interview General Benzinga Tue, 15 May 2018 18:39:44 +0000 Brett Hershman 11706980 at https://www.benzinga.com Marijuana In College: Why Universities Are Offering Cannabis-Focused Classes (And Where You Can Find Them) https://www.benzinga.com/news/18/05/11667548/marijuana-in-college-why-universities-are-offering-cannabis-focused-classes-and- <p>The legal cannabis industry is growing at an unprecedented pace. While estimates vary, U.S. sales in 2017 stood somewhere between $8.2 billion and $8.8 billion according to <a href="http://www.benzinga.com/topic/bds-analytics">BDS Analytics</a>. This figure is expected to surge to roughly $35 billion by 2022, GreenWave Advisors managing partner Matt Karnes told Benzinga in a recent conversation.</p> <p>&ldquo;We expect that by 2022, all states will have implemented either a medical only or fully legal marijuana market,&rdquo; he said.</p> <p>In this context, it&#39;s no surprise people are looking to get <a href="http://www.benzinga.com/investing/how-to-invest-in-marijuana-stocks/">educated on marijuana</a> and the business possibilities around it. Nor is it unexpected that universities are coming up with programs to satisfy this need and serve the 3.5 million high school students graduating this year.</p> <p>&ldquo;It&rsquo;s an exciting time for college bound kids who are ultimately looking towards a career in the cannabis space,&rdquo; said Peter Vogel, CEO of cannabis industry funding and networking platform <a href="http://www.leafwire.com/">Leafwire</a>. &ldquo;Opportunity abounds with colleges incorporating cannabis into the curriculum, and students are eager to become a part of this burgeoning industry.&rdquo;</p> <p>So, where can you find cannabis-focused curricula? Which universities are offering marijuana programs?</p> <p><em>Related Link: <a href="http://www.benzinga.com/general/biotech/18/05/11385764/why-cannabis-investors-are-eyeing-south-america" title="Why Cannabis Investors Are Eyeing South America">Why Cannabis Investors Are Eyeing South America</a></em></p> <h3> <strong>Weed In College</strong></h3> <p>Northern Michigan University was the first university in the U.S. to offer a four-year undergraduate major degree in <a href="http://www.nmu.edu/bulletin/programs?processtype=self&amp;action=ProgsByDept&amp;phase=phase5&amp;elementid=&amp;subaction=1254169060&amp;&amp;SessionID=126104">Medicinal Plant Chemistry</a>. This program allows students to learn about the science of cannabis, preparing them for the increasing sophistication of the industry.</p> <p>&ldquo;The historical stigma associated with cannabis is quickly vanishing,&rdquo; the school&rsquo;s website explains, &ldquo;and ...</p><p><a href=https://www.benzinga.com/news/18/05/11667548/marijuana-in-college-why-universities-are-offering-cannabis-focused-classes-and- alt=Marijuana In College: Why Universities Are Offering Cannabis-Focused Classes (And Where You Can Find Them)>Full story available on Benzinga.com</a></p> ACBFF APHQF BDS Analytics cannabis CBDS CNTTF CRON DJACF GreenWave Advisors GWPH Hemp IGC ITHUF Leafwire marijuana Matt Karnes MEDFF medical marijuana medicinal marijuana MJ MSRT Northern Michigan University Ohio State Peter Vogel PRMCF SMG THC THCBF TWMJF UC Davis University of Denver University of Vermont University of Washington Vanderbilt XXII ZYNE Education Entrepreneurship Top Stories Interview General IGC US45408X1000 SMG US8101861065 ITHUF XXII CNTTF GWPH CBDS TWMJF MSRT ZYNE THCBF ACBFF APHQF MJ PRMCF DJACF MEDFF CRON Education Entrepreneurship Top Stories Interview General Benzinga Tue, 15 May 2018 16:05:35 +0000 Javier Hasse 11667548 at https://www.benzinga.com Ford Still Committed To SUV, Truck Shift Even As Iran Relations Threaten Spike In Gas Costs https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11688294/ford-still-committed-to-suv-truck-shift-even-as-iran-re <p>The U.S. has irked a major oil exporter, and some fear its withdrawal from the Iran nuclear deal could&nbsp;<a href="https://www.nytimes.com/2018/05/09/business/energy-environment/iran-oil.html">prompt a pop</a> in gas prices.</p> <p>Historically, such a <a href="https://www.weforum.org/agenda/2015/01/the-impact-of-lower-oil-prices-on-the-auto-industry/">cost trajectory has precipitated</a> change in the auto industry&rsquo;s sales mix from trucks or SUVs to<a href="https://www.investopedia.com/articles/personal-finance/062515/do-oil-prices-affect-auto-industry.asp">&nbsp;</a>fuel-efficient cars.</p> <h3> <strong>Who Should Care?</strong></h3> <p>The correlation is meaningful to companies like <strong>General Motors Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) and <strong>Fiat Chrysler Automobiles NV</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcau#NYSE">FCAU</a>), both of which have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11583311/ford-says-goodbye-to-the-focus-taurus-and-others-in-nor">long shifted investment</a> from passenger cars toward higher-margin and better-selling trucks and SUVs.</p> <p><strong>Ford Motor Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) announced in April it, too, would begin paring its North American car portfolio to just two models. Ford is not nearly as far along as GM or FCA and has a chance to reevaluate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11375801/ford-releases-big-picture-strategy-5-things-to-consider">its plan</a> amid new circumstances.</p> <h3> <strong>What&rsquo;s The Real Impact?</strong></h3> <p>Experts ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11688294/ford-still-committed-to-suv-truck-shift-even-as-iran-re alt=Ford Still Committed To SUV, Truck Shift Even As Iran Relations Threaten Spike In Gas Costs>Full story available on Benzinga.com</a></p> Analyst Color AutoTrader Dan Jones F FCAU GM Michelle Krebs News Commodities Top Stories Exclusives Markets Analyst Ratings Interview F US3453708600 GM US37045V1008 FCAU News Analyst Color Commodities Top Stories Exclusives Markets Analyst Ratings Interview Benzinga Thu, 10 May 2018 19:35:17 +0000 Elizabeth Balboa 11688294 at https://www.benzinga.com Meet The 29-Year-Old Building Her Own Cannabis Empire https://www.benzinga.com/news/18/05/11544096/meet-the-29-year-old-building-her-own-cannabis-empire <p>If you met Olivia Mannix, you&#39;d never guess that her business is <a href="http://www.benzinga.com/investing/how-to-invest-in-marijuana-stocks/">marijuana</a>.</p> <p>Mannix, 29, is the founder and CEO of <strong>Cannabrand,</strong> a company often referred to as the world&rsquo;s first cannabis marketing agency. It launched in 2014 and is responsible for the marketing of several leading marijuana-related brands in the U.S., including <a href="http://www.benzinga.com/topic/women-grow">Women Grow</a>.</p> <p>&ldquo;We created the company to &lsquo;rebrand&rsquo; cannabis, and were the first people to ever come out and demand a change in the industry and how it is perceived,&rdquo; Mannix told Benzinga in a recent interview.</p> <p>Cannabrand&#39;s latest challenge was an internal one: it had to rebrand itself. The Denver-based company <a href="http://www.benzinga.com/press-releases/18/04/11543346/cannabrand-merges-with-voyage-business-resources">merged with Voyage Business Resources</a>.</p> <p>&ldquo;After working together for more than a year, we&rsquo;ve merged with Voyage to create a full-service cannabis marketing, business consulting and brokerage firm to service the $9-billion-per-year cannabis industry and help businesses continue to scale with the overall market,&rdquo; the ...</p><p><a href=https://www.benzinga.com/news/18/05/11544096/meet-the-29-year-old-building-her-own-cannabis-empire alt=Meet The 29-Year-Old Building Her Own Cannabis Empire>Full story available on Benzinga.com</a></p> cannabis Cannabrand marijuana Olivia Mannix Voyage Business Resources Women Grow Emerging Markets Top Stories Success Stories Startups Exclusives Markets Interview Emerging Markets Top Stories Success Stories Startups Exclusives Markets Interview Benzinga Tue, 08 May 2018 19:24:19 +0000 Javier Hasse 11544096 at https://www.benzinga.com Blink Charging Co. Chairman Talks Price Action, Whole Foods News And Potential Financing https://www.benzinga.com/news/18/05/11657395/blink-charging-co-chairman-talks-price-action-whole-foods-news-and-potential-fin <p>Leading <a href="https://www.benzinga.com/topic/electric-vehicles">electric vehicle </a>charging station owner, operator, and provider <strong>Blink Charging Co</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) <a href="https://www.benzinga.com/pressreleases/18/05/g11656042/whole-foods-market-providing-blink-charging-electric-vehicle-chargers-">announced Monday</a> it has deployed charging stations at three Whole Food Markets.</p> <h3> <strong>What Happened</strong></h3> <p>Shares of&nbsp;Blink Charging, which now has a <a href="https://www.benzinga.com/investing/top-stocks-under-5/">market cap of about $27 million</a>, were up 170 percent Monday on the news of the partnership with <strong>Amazon.com, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>)-owned Whole Foods. The charging stations were deployed at three new Whole Foods Pennsylvania locations in Lancaster, Spring House and Exton.</p> <p>&quot;The news wasn&#39;t per se so significant,&quot; Michael Farkas, Blink Charging&#39;s founder and executive chairman, said of the stock&#39;s rally. The upward move suggests &quot;a very, very significant ...</p><p><a href=https://www.benzinga.com/news/18/05/11657395/blink-charging-co-chairman-talks-price-action-whole-foods-news-and-potential-fin alt=Blink Charging Co. Chairman Talks Price Action, Whole Foods News And Potential Financing>Full story available on Benzinga.com</a></p> AMZN BLNK electric vehicles EVs Michael Farkas Mike Calise News Whole Foods Events Exclusives Movers Tech Trading Ideas Interview AMZN US0231351067 BLNK News Events Exclusives Movers Tech Trading Ideas Interview Benzinga Tue, 08 May 2018 16:42:13 +0000 Craig Jones 11657395 at https://www.benzinga.com The Success Of 'Fortnite' Is Driving Massive Gaming Headset Sales https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11640540/the-success-of-fortnite-is-driving-massive-gaming-heads <p>Five months into the year, &quot;Fortnite&quot; is unquestionably the biggest story in gaming. The battle royale-style free play game continues to spread through word of mouth and a virality that has <a href="https://www.mlb.com/cut4/the-astros-are-doing-fortnite-celebrations-after-each-win-and-theyre-awesome/c-271079186">touched numerous aspects of society</a>. And now it&#39;s driving hardware sales.</p> <p>Video&nbsp;game headset sales were up 78 percent year-over-year in the first quarter, with March alone seeing 9-percent sales growth, according to a&nbsp;recent report from research firm NPD Group.</p> <h3> <strong>A Unique Player Experience&nbsp;</strong></h3> <p>What&#39;s responsible for this remarkable growth? All signs point to the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/03/11416725/how-video-game-developers-are-taking-on-fortnite-and-wh">rapid success</a>&nbsp;of &quot;Fortnite&quot; and the overall rise in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11522531/4-reasons-why-fortnite-has-won-over-gamers">popularity of battle royale-style video games</a>, where players are pitted against each other in an every-man-for-themselves battle until one player is left standing.</p> <p>Battle royale games appear to have a wide impact on the sales of headsets, gamepads, game cards and other peripheral products, NPD Group&#39;s video game software analyst Mat Piscatella told Benzinga. Total spending on Accessories and Game Cards saw 20 percent year-over-year growth in March alone&nbsp;<a href="https://www.wsj.com/articles/how-popular-is-fortnite-headset-sales-nearly-doubled-in-march-1524683752">to $372 million</a>, according to NPD Group.</p> <p>&quot;These sales increases have correlated to the rise in popularity from ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11640540/the-success-of-fortnite-is-driving-massive-gaming-heads alt=The Success Of &#039;Fortnite&#039; Is Driving Massive Gaming Headset Sales>Full story available on Benzinga.com</a></p> Analyst Color E3 Epic Games Fortnite HEAR LOGI Mat Piscatella MSFT News NPD NTDOY SNE Retail Sales Top Stories Exclusives Tech Media Interview LOGI CH0025751329 MSFT US5949181045 SNE US8356993076 NTDOY US6544453037 HEAR News Analyst Color Retail Sales Top Stories Exclusives Tech Media Interview Benzinga Mon, 07 May 2018 19:51:11 +0000 Brett Hershman 11640540 at https://www.benzinga.com A Fintech Veteran Talks ICOs And Startups: 'The Future Is Bright' https://www.benzinga.com/fintech/18/05/11658608/a-fintech-veteran-talks-icos-and-startups-the-future-is-bright <p><em>The <a href="https://benzingafintechawards.com/?utm_source=benzingacom&amp;utm_campaign=bzawards&amp;__hstc=258999573.7ea09095c870288daaeceffab5b95cad.1521753415658.1525267093040.1525275540370.66&amp;__hssc=258999573.4.1525275540370&amp;__hsfp=908707084">Benzinga Global Fintech Awards</a> is a yearly, two-day, Oscar-caliber ceremony showcasing and celebrating the greatest advents in fintech from leaders and visionaries in the worlds of finance and technology.</em></p> <p><em>This year, we have executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity, and so many more. To top it off, 2018&#39;s event will be emcee&#39;d by CNBC contributor and Ritholtz Wealth Management CEO <a href="http://thereformedbroker.com/">&quot;Downtown&quot; Josh Brown</a>.</em></p> <p><em>In anticipation of what promises to be the Fintech Awards biggest year yet, we&#39;re speaking with some of the highest profile attendees for the 2018 event about where the feel the future of finance and technology is headed. </em></p> <p><em>In this feature we talked with CohnReznick partner and leader of the firm&#39;s technology industry practice <a href="https://www.cohnreznick.com/people/asael_meir">Asael Meir</a>.</em></p> <p><strong>What is the most compelling trend in fintech right now? </strong></p> <p><strong>Asael Meir: </strong>Fintech is such an exciting sector as it is constantly changing and evolving. The three most exciting trends for me right now are the application of blockchain and Distributed ledger technologies, ICO regulation and high valuations in the marketplace.</p> <p><strong>What are your predictions for the fintech industry in 2018?</strong></p> <p>Growth and new opportunities! With the rise of blockchain and distributed ledger technology, we ...</p><p><a href=https://www.benzinga.com/fintech/18/05/11658608/a-fintech-veteran-talks-icos-and-startups-the-future-is-bright alt=A Fintech Veteran Talks ICOs And Startups: &#039;The Future Is Bright&#039;>Full story available on Benzinga.com</a></p> Benzinga Global Fintech Awards Cohn Reznick Fintech Startups Interview Fintech Startups Interview Benzinga Mon, 07 May 2018 19:02:43 +0000 Spencer White 11658608 at https://www.benzinga.com AxisWire: The Birth Of A Cannabis Industry Media Standard https://www.benzinga.com/news/18/05/11617125/axiswire-the-birth-of-a-cannabis-industry-media-standard <p>The cannabis industry witnessed the debut last month of <strong>AxisWire, </strong>a company conceived to offer a one-stop-shop for cannabis industry entrepreneurs looking to expose and grow their brands and journalists seeking the latest industry news. Think of a PRNewswire-style site created exclusively for the cannabis industry.</p> <p>The company offers a source locator service called STAR, where journalists, entrepreneurs and experts can connect to collaborate on pot-focused stories. Other services include: the writing and distribution of press releases to over 1,700 journalists and reporters worldwide, a centralized hub for all media inquiries, experts media strategy consultation and media compliance and professional review services provided by <strong>Cannaregs.</strong></p> <p><em>Related Link: </em><a href="http://www.benzinga.com/government/18/03/11314735/wonder-women-of-weed-amanda-ostrowitz-from-federal-reserve-bank-regulator-"><em>Wonder Women Of Weed: Amanda Ostrowitz, From Federal Reserve Bank Regulator To Cannabis Compliance Entrepreneur</em></a></p> <p>AxisWire ...</p><p><a href=https://www.benzinga.com/news/18/05/11617125/axiswire-the-birth-of-a-cannabis-industry-media-standard alt=AxisWire: The Birth Of A Cannabis Industry Media Standard>Full story available on Benzinga.com</a></p> 420 Games ACBFF APHQF AxisWire CannaRegs CBDS Civilized CNTTF CRON Cynthia Salarizadeh Debra Borchardt Derek Riedle DJACF Evan Nison Gaynell Rogers GWPH Harborside Hoban Law Group IGC ITHUF KCSA Strategic Communications Lewis Goldberg MEDFF MJ MSRT New West Summit News Nison Co. PRMCF PRNewswire Salar Media Group SMG Star THCBF TWMJF XXII ZYNE Emerging Markets Top Stories Exclusives Markets Media Interview IGC US45408X1000 SMG US8101861065 ITHUF XXII CNTTF GWPH CBDS TWMJF MSRT ZYNE THCBF ACBFF APHQF MJ PRMCF DJACF MEDFF CRON News Emerging Markets Top Stories Exclusives Markets Media Interview Benzinga Mon, 07 May 2018 13:58:25 +0000 Javier Hasse 11617125 at https://www.benzinga.com Mike Olson's Bullish Musings On Activision, Amazon And Netflix https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11629315/mike-olsons-bullish-musings-on-activision-amazon-and-ne <p><strong>Netflix, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11529840/wall-street-weighs-in-on-netflix-following-blowout-quar">accelerated international expansion</a> this quarter that Piper Jaffray analyst Mike Olson expects to allay competitive &mdash; and expense-related &mdash; fears.</p> <p>Strong growth in global subscriptions has helped Netflix secure 13 percent of internet household market share outside the U.S. and China, a slight figure he said presents great opportunity to close the gap on 60-percent domestic market share.</p> <p>&ldquo;We continue to like Netflix,&rdquo; Olson said May 2 on <a href="http://premarket.benzinga.com/pre-market-show/">Benzinga&rsquo;s PreMarket Prep</a> trading show. &ldquo;It&rsquo;s kind of an &lsquo;if you build it, they will come&rsquo; situation where they&rsquo;re building up the content and they are coming in the form of subscribers, and that&rsquo;s resulting in improving growth and ultimately improving revenue and improving contribution margin overall profitability. It&rsquo;s working, the ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11629315/mike-olsons-bullish-musings-on-activision-amazon-and-ne alt=Mike Olson&#039;s Bullish Musings On Activision, Amazon And Netflix>Full story available on Benzinga.com</a></p> AMZN Analyst Color ATVI e-sports EA Long Ideas Mike Olson NFLX Piper Jaffray PreMarket Prep Top Stories Analyst Ratings Tech Media Trading Ideas Interview AMZN US0231351067 ATVI US00507V1098 EA NFLX US64110L1061 Long Ideas Analyst Color Top Stories Analyst Ratings Tech Media Trading Ideas Interview Benzinga Sat, 05 May 2018 18:03:45 +0000 Elizabeth Balboa 11629315 at https://www.benzinga.com