Interview https://www.benzinga.com/views/taxonomy/term/125566 en What Is CBD — And How Can Investors Take Advantage Of It? https://www.benzinga.com/markets/cannabis/18/11/12568237/what-is-cbd-and-how-can-investors-take-advantage-of-it <p>CBD, which is short for cannabidiol, is the second-most present ingredient in marijuana. It&#39;s not psychoactive, but is thought by many users to have medical benefits.</p> <p>On the business side, CBD&nbsp;is one of the fastest-growing segments. Hemp Business Journal estimates the CBD market will reach $2.1 billion by 2020 &mdash; up from $205 million in 2017.</p> <h3>CBD&#39;s Benefits</h3> <p>Cannabidiol is one of more than 100 discovered components in marijuana that are commonly known as cannabinoids.</p> <p>It&rsquo;s much more easily obtainable than marijuana or its other components like THC, which is responsible for producing marijuana&#39;s high.&nbsp;In the U.S., CBD is legal to some degree in all 50 states, but remains federally illegal.&nbsp;</p> <p>The research into the benefits of CBD is fairly new, and the conditions and symptoms it can treat are still being discovered.</p> <p>Strong evidence exists that CBD helps alleviate both inflammatory and neuropathic pain, making it potentially useful for conditions such as cancer, <a href="https://www.benzinga.com/markets/cannabis/18/10/12460731/the-science-on-how-cannabis-could-help-diabetes-patients">diabetes</a>, <a href="https://www.benzinga.com/general/biotech/18/02/11061429/football-and-weed-former-nfl-players-weigh-in-on-why-many-are-getting">sports injuries</a> and chronic pain.</p> <p>CBD and medical marijuana&#39;s potential for <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3728280/">pain relief</a> have made them a possible subsitute for opioids as well.</p> <p>CBD is proven effective at treating seizures and epilepsy syndromes: the only FDA-approved CBD drug is Epidiolex, which treats seizures associated with Dravet and Lennox-Gastaut syndromes, two of the worst types of childhood epilepsy syndromes that cannot be treated with regular antiseizure medication.</p> <h3>CBD Gains Legitimacy With FDA Approval&nbsp;</h3> <p>The approval of Epidiolex, which is developed and manufactured by <strong>GW Pharmaceuticals PLC</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>), was cheered by the CBD segment as the beginning of a new era.</p> <p>The FDA nod for Epidiolex confirmed the importance of the hemp CBD industry, said Brandon Beatty, the founder and CEO of Bluebird Botanicals and director of the ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12568237/what-is-cbd-and-how-can-investors-take-advantage-of-it alt=What Is CBD — And How Can Investors Take Advantage Of It?>Full story available on Benzinga.com</a></p> ACB APHA Brandon Beatty cannabidiol Cannabis CBD CBD Industry CGC CRON Gabriel Ettenson GWPH HEINY MCOA STZ TAP TGODF TLRY ZYNE Education Health Care Top Stories Markets Trading Ideas Interview General STZ US21036P1084 TAP US60871R2094 CGC HEINY GWPH ZYNE ACB MCOA CRON TGODF TLRY APHA Cannabis Education Health Care Top Stories Markets Trading Ideas Interview General Benzinga Thu, 15 Nov 2018 20:00:15 +0000 Alex Oleinic 12568237 at https://www.benzinga.com Author Michael Lewis, Whose Books Often Highlight The Growing Role Of Data, Sees The Opportunity In Trucking https://www.benzinga.com/news/18/11/12690004/author-michael-lewis-whose-books-often-highlight-the-growing-role-of-data-sees-t <p>Best-selling author Michael Lewis joined Freightwaves CEO Craig Fuller on day 2 of Marketwaves 18 near Dallas in a lively, wide-ranging conversation about Lewis&#39; latest book, private interests v. public data and how the digital revolution will reshape the trucking industry.</p> <p>&nbsp;In one of many baseball analogies, the author of &quot;Moneyball: The Art of Winning an Unfair Game,&quot; noted the manager in the dugout used to get paid multiples of the general manager.</p> <p>The tables have turned now that big data rules America&#39;s favorite pastime.</p> <p>&nbsp;&quot;Now, the manager of the dugout is making a fraction of what the general manager gets paid,&quot; Lewis said. &quot;He becomes the gold mine, and everyone else becomes subordinate to him.&quot; &nbsp;</p> <p>&nbsp;Likewise, the kind of people who are going to be involved in trucking are going to change, Lewis said. &quot;All of a sudden the value proposition is finding opportunities in data,&quot; he said. &quot;That&#39;s a different person than the one who is managing truckers.&quot;</p> <p>&nbsp;Lewis recently wrapped up promotion for his latest book, &quot;The Fifth Risk.&quot; The work, which took shape after Lewis learned Trump basically canned the Obama transition team that was put in place to help No. 45 transition, paints a dire picture of the ensuing chaos and mismanagement in the departments of Energy, Agriculture and Commerce.</p> <p>&nbsp;&quot;What happens if the basic functions of government aren&#39;t being managed in an attentive way?&quot; Lewis ...</p><p><a href=https://www.benzinga.com/news/18/11/12690004/author-michael-lewis-whose-books-often-highlight-the-growing-role-of-data-sees-t alt=Author Michael Lewis, Whose Books Often Highlight The Growing Role Of Data, Sees The Opportunity In Trucking>Full story available on Benzinga.com</a></p> Freight Freightwaves News Interview General News Interview General Benzinga Wed, 14 Nov 2018 16:23:36 +0000 FreightWaves 12690004 at https://www.benzinga.com Experts React To State-By-State Cannabis Votes: 'Constituents Are Starting To Make Their Voice Heard' https://www.benzinga.com/markets/cannabis/18/11/12663874/experts-react-to-state-by-state-cannabis-votes-constituents-are-star <p>The 2018 midterm elections left the U.S. with a Republican Senate, a Democratic House and three states with legalized cannabis.</p> <p><a href="https://www.benzinga.com/markets/cannabis/18/11/12647209/michigan-poised-to-become-10th-state-to-legalize-recreational-mariju">Michigan voted </a>to legalize recreational marijuana, becoming the first state in the Midwest to do so, while Missouri and Utah passed ballot measures to allow the use of medical pot.</p> <p>Here&#39;s what experts are saying now that the votes have been counted.</p> <p><strong>International Cannabrands</strong> <strong>Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/geatf#OTC">GEATF</a>) CEO Steve Gormley said a win for cannabis initiatives is a win for civil rights, job creation and people with illnesses best treated with cannabis products.</p> <p>&quot;The U.S. electorate continues to push a pro-cannabis agenda and common sense marijuana regulation.&rdquo;</p> <p><strong>Terra Tech Corp </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/trtc#OTC">TRTC</a>) CEO Derek Peterson said cannabis is becoming a platform issue for lawmakers.</p> <p>&quot;The economic, social and medical impacts are significant, and constituents are starting to make their voice heard. Cannabis and hemp legalization is being discussed on both sides of the aisle, and more and more political leaders who support the industry are gaining seats in Congress.&rdquo;</p> <h3>Michigan A Major &#39;Domino&#39; To Fall In Legalization</h3> <p>For Chris Walsh, founding editor and vice president of Marijuana Business Daily, Nov. 6 was a watershed moment.</p> <p>Michigan is going to be a &quot;massive&quot; market and potentially the second-largest marijuana market nationwide once the recreational system is up and running, Walsh ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12663874/experts-react-to-state-by-state-cannabis-votes-constituents-are-star alt=Experts React To State-By-State Cannabis Votes: &#039;Constituents Are Starting To Make Their Voice Heard&#039;>Full story available on Benzinga.com</a></p> Cannabis cannabis legalization Chris Walsh David Baetens Derek Peterson GEATF Government HMLSF Isaac Dietrich Khurram Malik marijuana legalization Michigan cannabis Midterm Elections midterms Missouri Cannabis MJ MSRT North Dakota Cannabis Ohio Cannabis Regulations Steve Gormley TRTC Politics Top Stories Exclusives Markets Interview General TRTC MSRT MJ GEATF HMLSF Government Cannabis Regulations Politics Top Stories Exclusives Markets Interview General Benzinga Wed, 14 Nov 2018 13:06:50 +0000 Javier Hasse 12663874 at https://www.benzinga.com Rhone Looks To Pioneer An Underserved Premium Mens Activewear Category https://www.benzinga.com/news/18/11/12664110/rhone-looks-to-pioneer-an-underserved-premium-mens-activewear-category <p>In the athletic apparel industry, numerous higher-end brands have emerged on the women&#39;s side of the business, but men&rsquo;s options have largely been relegated to&nbsp;<strong>Nike Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), <strong>Under Armour Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uaa#NYSE">UAA</a>) and <strong>adidas AG (ADR)</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>).</p> <p>These brands&#39; price points are generally very close to one another, typically within 5 percent &mdash; leaving an opportunity for more premium male-oriented activewear brands to proliferate.</p> <h3>A Premium Menswear Opportunity?</h3> <p>Rhone, a Connecticut-based activewear startup, identified what it sees as a need and desire for a premium activewear brand tailored to men.</p> <p>Activewear generates&nbsp;$44 billion in annual sales and is one of the fastest-growing segments in all of apparel, but premium men&#39;s activewear is&nbsp;an underserved market, according to Rhone co-founder and CEO Nate Checketts.</p> <p>Checketts said&nbsp;he found over 50 female focused premium activewear brands at an average price index of 140-160 percent to Nike in a study, but almost zero brands for men in the same category.</p> <p>&ldquo;That led us to believe there was an opportunity in the premium menswear. Guys were being force-fed this choice of big box lower experience retail active and we felt like we needed another option,&rdquo; <a ...</p><p><a href=https://www.benzinga.com/news/18/11/12664110/rhone-looks-to-pioneer-an-underserved-premium-mens-activewear-category alt=Rhone Looks To Pioneer An Underserved Premium Mens Activewear Category>Full story available on Benzinga.com</a></p> ADDYY Adidas Cowen John Kernan LULU lululemon Nate Checketts Nike NKE Rhone UAA under armour Top Stories Exclusives Interview LULU US5500211090 NKE US6541061031 ADDYY US00687A1079 UAA Top Stories Exclusives Interview Benzinga Tue, 13 Nov 2018 20:40:04 +0000 Brett Hershman 12664110 at https://www.benzinga.com The Cannabis Finance Community Reacts To Jeff Sessions' Ousting https://www.benzinga.com/markets/cannabis/18/11/12672776/the-cannabis-finance-community-reacts-to-jeff-sessions-ousting <p>Whether you want to call it a resignation or a firing, the outcome is the same: <a href="https://www.benzinga.com/markets/cannabis/18/11/12652917/jeff-sessions-resigns-as-attorney-general-at-trumps-request">Jeff Sessions is no longer the attorney general of the United States</a>. And, with him, many expect, the federal government&rsquo;s strong opposition to cannabis legalization could depart as well.</p> <p>Benzinga reached out to <strong>iAnthus Capital Holdings Inc</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>), CanopyVentures and Arcadian Fund for <a href="https://www.benzinga.com/topic/cannabis">the cannabis industry</a> perspective on the AG&#39;s exit.</p> <h3>A Positive For The Industry</h3> <p>For iAnthus Capital CEO Hadley Ford, having a top cop with a more &quot;constructive&quot; view on cannabis would be positive for the industry. But Ford never truly believed Sessions&#39; actions had a substantial effect on the sector.</p> <p>Having said that, Sessions&#39; mindset &ldquo;cast a cloud of doubt and uncertainty over the space, which caused volatility and higher costs,&quot; Ford said.</p> <p>&ldquo;If there&rsquo;s less doubt, we should see lower costs for capital and other inputs ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12672776/the-cannabis-finance-community-reacts-to-jeff-sessions-ousting alt=The Cannabis Finance Community Reacts To Jeff Sessions&#039; Ousting>Full story available on Benzinga.com</a></p> Arcadian Fund Cannabis Citron Research Hadley Ford HMLSF ITHUF Jeff Sessions Jeff Siegel Matthew J. Nordgren Matthew Nordgren Micah Tapman MJ Pete Sessions Short Sellers Politics Exclusives Markets Interview General ITHUF MJ HMLSF Short Sellers Cannabis Politics Exclusives Markets Interview General Benzinga Mon, 12 Nov 2018 20:42:28 +0000 Javier Hasse 12672776 at https://www.benzinga.com Video: 'Fast Money' Co-Host Tim Seymour Shares Tips To Invest In Marijuana Stocks, ETFs https://www.benzinga.com/markets/cannabis/18/11/12663348/video-fast-money-co-host-tim-seymour-shares-tips-to-invest-in-mariju <p><em>A version of this post was originally published on <a href="https://thefreshtoast.com/cannabis/fast-money-co-host-tim-seymour-shares-tips-to-invest-in-marijuana-stocks/">The Fresh Toast</a>.</em></p> <p>You&rsquo;ve probably read this a thousand times this year already: cannabis is going mainstream by the minute.</p> <p>In the past couple of months, we&rsquo;ve seen Jim Cramer <a href="https://www.benzinga.com/markets/cannabis/18/09/12362922/cramers-cautious-take-on-cannabis-stocks-your-gains-could-go-up-in-s">weigh in</a> on pot stocks on &quot;Mad Money,&quot; witnessed the debut of a few cannabis companies like <strong>Aphria Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apha#NYSE">APHA</a>) and <strong>Aurora Cannabis Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acb#NYSE">ACB</a>) on major stock exchanges like the NYSE, and several multi-million dollar acquisitions close, learned that a heir to <strong>Anheuser-Busch&nbsp;Inbev</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) is debuting his <a href="https://www.greenentrepreneur.com/article/320024">own weed brand</a>, and even had a <a href="https://www.greenentrepreneur.com/article/319626">former MTV executive</a>&nbsp;take over the CEO ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12663348/video-fast-money-co-host-tim-seymour-shares-tips-to-invest-in-mariju alt=Video: &#039;Fast Money&#039; Co-Host Tim Seymour Shares Tips To Invest In Marijuana Stocks, ETFs>Full story available on Benzinga.com</a></p> ACB APHA Benzinga Cannabis Capital Conference best marijuana stocks BUD BZCannabis Cannabis cannabis stocks Fast Money HMLSF invest in marijuana legal marijuana marijuana marijuana stocks marijuanas stock medical medical cannabis medical marijuana medical marijuana stock MJ pot Tim Seymour Toronto weed Markets Media Trading Ideas Interview BUD US03524A1088 ACB MJ HMLSF APHA Cannabis Markets Media Trading Ideas Interview Benzinga Sat, 10 Nov 2018 18:43:48 +0000 Javier Hasse 12663348 at https://www.benzinga.com Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week https://www.benzinga.com/markets/cannabis/18/11/12673798/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-we <p>What a week.</p> <p>The <a href="http://www.benzinga.com/markets/cannabis/18/11/12645417/marijuana-the-midterms-whats-going-on-why-does-it-matter">midterms</a> brought <a href="http://www.benzinga.com/markets/cannabis/18/11/12648420/why-marijuana-was-a-big-winner-from-the-2018-midterms">legal recreational cannabis in Michigan</a> and legal medical marijuana in Utah and Missouri.</p> <p>&ldquo;It was a good week for the cannabis industry. Michigan became the tenth state to legalize adult use cannabis and we added two more states to the legal medical marijuana column,&rdquo; Debra Borchardt, CEO of Green Market Report, told Benzinga. &ldquo;In my opinion, the biggest story that got lost was that New York State flipped to Democrats. They have demonstrated that they are very much in favor of legalizing adult use cannabis.&rdquo;</p> <p>In other big news for the industry, Attorney General Jeff Sessions was <a href="https://www.benzinga.com/markets/cannabis/18/11/12652917/jeff-sessions-resigns-as-attorney-general-at-trumps-request">asked to resign</a>.</p> <p>&ldquo;Stocks popped this week when the market learned of Jeff Sessions&#39; resignation. Then reality set in and they fell back to earth just as quickly,&rdquo; Borchardt added. &ldquo;Better the devil you know as they say. Acting AG Whitaker looks just as conservative as Sessions.&rdquo;</p> <p><em>Related Link: </em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/11/12662946/what-jeff-sessions-resignation-could-mean-for-cannabis-"><em>What Jeff Sessions&#39; Resignation Could Mean For Cannabis Stocks</em></a></p> <p>On the international realm,&nbsp;Mexico <a href="https://www.benzinga.com/markets/cannabis/18/11/12651994/mexico-takes-next-steps-to-legalize-marijuana">followed up quickly</a> on last week&rsquo;s Supreme Court ruling in favor of legal recreational cannabis, introducing legislation into the Senate. The new bill would allow for the cultivation, sale and consumption of marijuana. Juan Diego Alvarez, Chief Regulatory Officer at <strong>Khiron Life Sciences Corp </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/khrnf#OTC">KHRNF</a>), has been very involved in the Mexico effort and&nbsp;said,&nbsp;&ldquo;Recent positive developments in Mexico show that Latin America is the most dynamic region in the world right now in terms of regulatory changes for the medical cannabis industry.&rdquo;</p> <h3><strong>Marijuana Indexes &amp; ETFs</strong></h3> <p>The <strong>United States Marijuana Index, </strong>which tracks most of the largest marijuana stocks in the U.S., lost 5.4 percent over the week, while the <strong>North American Marijuana Index</strong>, which also includes Canadian stocks, slipped 2 percent.</p> <p>Over the last five trading days, the <strong>Horizons Marijuana Life Sciences Index ETF</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmlsf#OTC">HMLSF</a>) (TSE:HMMJ) gained 2.5 percent, while the <strong>ETFMG Alternative Harvest ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>) surged 0.6 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>) closed the week up 2.1 percent.</p> <h3><strong>Stock Moves</strong></h3> <p>Here are some of the top marijuana stocks (market cap above $100 million) in U.S. exchanges and how the performed over the last five trading days:</p> <p><strong>&bull; 22nd Century Group Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NYSE">XXII</a>): up 6.1 percent</p> <p><strong>&bull; Aphria Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apha#NYSE">APHA</a>): almost flat</p> <p><strong>&bull; Aurora Cannabis Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acb#NYSE">ACB</a>): up 3.85 percent</p> <p><strong>&bull; CannTrust Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnttf#OTC">CNTTF</a>): down 4.5 percent</p> <p><strong>&bull; Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>): up 5.4 percent</p> <p><strong>&bull; Cronos Group Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>): up 6.2 percent</p> <p><strong>&bull; Green Organic Dutchman Holdings Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgodf#OTC">TGODF</a>):<strong> </strong>up 16.1 percent</p> <p><strong>&bull; Green Thumb Industries Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>): up 0.9 percent</p> <p><strong>&bull; GW Pharmaceuticals PLC- ADR </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>): down 5.4 percent</p> <p>&bull; <strong>Hexo Corp </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hyydf#OTC">HYYDF</a>): up 0.25 percent</p> <p><strong>&bull; iAnthus Capital Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>): up 0.2 percent</p> <p><strong>&bull; Medical Marijuana Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mjna#OTC">MJNA</a>): down 3.2 percent</p> <p><strong>&bull; MedMen Enterprises Inc.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>): down 16.8 percent</p> <p><strong>&bull; Scotts Miracle-Gro Co </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>): up 5 percent</p> <p><strong>&bull; THC Biomed Intl Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/thcbf#OTC">THCBF</a>): up 3.9 percent</p> <p><strong>&bull; Tilray Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>): up 9.55 percent</p> <p><strong>&bull; Zynerba Pharmaceuticals Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>): up 0.7 percent</p> <h3><strong>In Other News</strong></h3> <p>Barry Grissom, former U.S. Attorney for the District of&nbsp;Kansas, joined <strong>Electrum Partners </strong>as Senior Vice President of Global Policy and Corporate Counsel. Electrum Partners is a Venture Management firm, specializing in the cannabis business as well as ancillary services.</p> <p>&ldquo;I think as a former federal prosecutor and U.S Attorney I have a unique perspective when it comes to the cannabis industry,&rdquo; Grisson told Benzinga. &ldquo;I looked around for a long time and when I had the chance to talk to Leslie and Diane at Electrum Partners I knew it was the perfect fit and that it was not about making money but rather affecting public policy which will hopefully improve people&rsquo;s lives.&rdquo;</p> <p><strong>Postmedia </strong>and <strong>PR&Oslash;HBTD </strong>announced they will work with cannabis companies to achieve broader and significant brand presence in Canada by helping them shape their brand messaging through video storytelling and premium marketing initiatives.</p> <p><strong>Atlas&nbsp;Biotechnologies</strong> announced a C$7.5 million ($5.75 million) investment in Flavocure Biotech in exchange for 20 percent of the company. Flavocure has developed a pipeline of oncology research, with patent pending status on two therapeutic molecules that use ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12673798/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-we alt=Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week>Full story available on Benzinga.com</a></p> ACB APHA Cannabis Cannabis ETF cannabis news Cannabis Stock Index cannabis stocks CGC CNTTF CRON Debra Borchardt GLDFF Green Market Report GTBIF GWPH HMLSF HYYDF IGCC IHRTQ IIPR invest in marijuana ITHUF KHRNF marijuana Marijuana ETF Marijuana Index Marijuana Money marijuana news marijuana stocks MEDFF MJ MJNA MMNFF NBEV News North American Marijuana Index PLSI Pot Stocks SMG SPY SRUTF TGODF THCBF TLRY TRTC United States Marijuana Index XXII ZYNE Markets Movers Trading Ideas Interview SPY US78462F1030 SMG US8101861065 CGC MJNA US58463A1051 TRTC ITHUF XXII CNTTF GWPH ZYNE THCBF ACB MJ GLDFF IIPR NBEV HYYDF MEDFF HMLSF CRON IHRTQ TGODF KHRNF MMNFF TLRY GTBIF IGCC APHA PLSI SRUTF News Cannabis Markets Movers Trading Ideas Interview Benzinga Fri, 09 Nov 2018 21:44:31 +0000 Javier Hasse 12673798 at https://www.benzinga.com DriveWealth's New Partnership 'Transforms The Role Of Investors' https://www.benzinga.com/fintech/18/11/12662608/drivewealths-new-partnership-transforms-the-role-of-investors <p>Within the vastness of investing in the U.S. stock market, DriveWealth is utilized by thousands of clients in more than 150 countries. The licensed self-clearing broker offers digital brokerage solutions in its own platform.</p> <h3>The Company</h3> <p>Founded in 2012, DriveWealth provides a select variety of exchange traded funds, U.S.-listed stocks and educational content to promote the general understanding of finance and investing. The company offers solutions in global onboarding, unique funding, real-time dollar-based investing, fractional share allocations and advanced technology.</p> <p>Last month, DriveWealth announced a partnership with Verrency, a global payments innovator. Through this deal, DriveWealth will gain better leverage to deliver its platform to a more ...</p><p><a href=https://www.benzinga.com/fintech/18/11/12662608/drivewealths-new-partnership-transforms-the-role-of-investors alt=DriveWealth&#039;s New Partnership &#039;Transforms The Role Of Investors&#039;>Full story available on Benzinga.com</a></p> Brokerage DriveWealth Fintech News Say Verrency Contracts Interview News Fintech Contracts Interview Benzinga Fri, 09 Nov 2018 19:38:47 +0000 Hannah Genig 12662608 at https://www.benzinga.com iAnthus CEO Talks MPX Bioceutical Purchase, M&A In The Cannabis Industry https://www.benzinga.com/markets/cannabis/18/11/12632859/ianthus-ceo-talks-mpx-bioceutical-purchase-m-a-in-the-cannabis-indus <p>A wave of consolidation is underway in <a href="https://www.benzinga.com/topic/cannabis">the cannabis sector</a>.</p> <p>In July, Canadian giant <strong>Aurora Cannabis Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acb#NYSE">ACB</a>)<strong> </strong>acquired its industry peer <strong>MedReleaf </strong>for the U.S. dollar equivalent of $2.45 billion &mdash; the largest deal in the industry&rsquo;s history.</p> <p>Earlier this month, <strong>iAnthus Capital Holdings Inc</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>)&nbsp;acquired <strong>MPX Bioceutical Corp </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mpxef#OTC">MPXEF</a>) in an all-stock deal valued at around $637 million. iAnthus operates licensed facilities to cultivate, process and sell marijuana in several U.S. states.</p> <p>Benzinga talked to iAnthus CEO Hadley Ford about the&nbsp;latest acquisition, the company&rsquo;s strategy for the future and their take on the cannabis industry in the U.S. and around the world.</p> <h3>Why The MPX Acquisition Made Sense</h3> <p>The acquisition of MPX comes at a time when both stocks are &ldquo;pretty well undervalued,&rdquo; in Ford&rsquo;s view. Shareholders of both companies will benefit from the combination, the CEO said.&nbsp;MPX shareholders will receive&nbsp;a premium of around 31 percent.</p> <p>Under the terms of the transaction, each MPX shareholder will receive 0.1673 shares of iAnthus, which translates into $1.28 per share. At the same time, iAnthus&nbsp;will control the company and hold four of the seven board seats.</p> <p>Ford said&nbsp;31 percent is not a large premium to pay.</p> <p>&quot; ... When you look at it from a control premium perspective and you look at the other deals that have been done, a 30-ish percentage is the typical premium for control.&rdquo;</p> <p>The three keys to success in the North American cannabis space at this moment are footprint, capital and people, Ford said.&nbsp;</p> <p>&quot;They [MPX] ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12632859/ianthus-ceo-talks-mpx-bioceutical-purchase-m-a-in-the-cannabis-indus alt=iAnthus CEO Talks MPX Bioceutical Purchase, M&amp;A In The Cannabis Industry>Full story available on Benzinga.com</a></p> ACB Beth Stavola Cannabis Hadley Ford HMLSF iAnthus ITHUF MJ MPXEF News M&A Top Stories Exclusives Markets Interview ITHUF ACB MJ MPXEF HMLSF News Cannabis M&A Top Stories Exclusives Markets Interview Benzinga Fri, 09 Nov 2018 13:36:01 +0000 javierhasse_alexoleinic@benzinga.com 12632859 at https://www.benzinga.com A Marijuana Store And A Cannabis Dispensary: What's The Difference? https://www.benzinga.com/markets/cannabis/18/11/12569406/a-marijuana-store-and-a-cannabis-dispensary-whats-the-difference <p>The legalization of medical and adult-use marijuana in <a href="https://www.benzinga.com/markets/cannabis/18/11/12647209/michigan-poised-to-become-10th-state-to-legalize-recreational-mariju">multiple U.S. states</a> has brought marijuana dispensaries and cannabis stores to the streets of American cities like Los Angeles and Detroit. While the terms are often used interchangeably, the differences between the two are important to understand not just as a customer, but also as an entrepreneur seeking to enter <a href="https://www.benzinga.com/topic/cannabis">the cannabis space</a>.</p> <h3>Medical Vs. Recreational</h3> <p>A dispensary primarily serves the needs of medical marijuana patients, while a cannabis store is oriented to the recreational segment.</p> <p>The different uses translate to different customer experiences. In a dispensary, patients will usually find a waiting room from which they are invited to the sales room. In the sales room, customers discuss their cannabis needs with a budtender who can answer questions and suggest products.</p> <p>To enter a marijuana dispensary, a patient needs a medical prescription. Dispensaries typically keep a copy of the prescription and can track orders for future references.</p> <p>Conversely, in a public cannabis store, budtenders don&rsquo;t always have time to allocate to each individual customer. And since there is a wider selection of marijuana-based products for recreational use, a cannabis store usually has a larger menu than a dispensary.</p> <p>Recreational cannabis stores place a ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12569406/a-marijuana-store-and-a-cannabis-dispensary-whats-the-difference alt=A Marijuana Store And A Cannabis Dispensary: What&#039;s The Difference?>Full story available on Benzinga.com</a></p> Cannabis Cannabis Store HMLSF marijuana dispensary medical marijuana Mira Gonzalez MJ pot Recreational Marijuana weed Education Top Stories Markets Interview General MJ HMLSF Cannabis Education Top Stories Markets Interview General Benzinga Fri, 09 Nov 2018 12:48:08 +0000 Alex Oleinic 12569406 at https://www.benzinga.com Coupa Unveils New Partnership, Platform For 'Smarter Spending' https://www.benzinga.com/markets/cryptocurrency/18/11/12649524/coupa-unveils-new-partnership-platform-for-smarter-spending <p><strong>Coupa Software Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coup#NASDAQ">COUP</a>) provides business spend management services to companies like <strong>salesforce.com, inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crm#NYSE">CRM</a>), <strong>Unilever NV ADR</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/un#NYSE">UN</a>), Staples and <strong>Airbus SE/ADR</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>).</p> <p>Benzinga spoke with Ravi Thakur, Coupa&rsquo;s senior vice president of business acceleration, about&nbsp;the company and its recent developments.&nbsp;</p> <h3>The Company</h3> <p>&ldquo;We help organizations and companies of all shapes and sizes spend smarter. That&rsquo;s the bottom line,&rdquo; Thakur told Benzinga.</p> <p>At its core, Coupa creates applications and cloud-based software designed to focus on business value, he said.&nbsp;With a unified platform, users are able to visualize and control all purchases, invoices and expenses.</p> <p>Coupa said it has connected hundreds of organizations with over 4 million suppliers globally.</p> <p>It&#39;s an overlooked and undervalued space, Thakur said.&nbsp;</p> <p>&quot;It is a continued evolution in the space for positions like a chief procurement officer or director of financial operations. These types of roles are now being elevated to a position of strength within a company to help ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/18/11/12649524/coupa-unveils-new-partnership-platform-for-smarter-spending alt=Coupa Unveils New Partnership, Platform For &#039;Smarter Spending&#039;>Full story available on Benzinga.com</a></p> Barclaycard BCS Benzinga Fintech Summit business solutions COUP Coupa Pay CRM Cryptocurrency EADSY Fintech News Ravi Thakur UN Markets Interview BCS US06738E2046 CRM US79466L3024 UN US9047847093 EADSY US29875W1009 COUP News Cryptocurrency Fintech Markets Interview Benzinga Thu, 08 Nov 2018 17:42:47 +0000 Hannah Genig 12649524 at https://www.benzinga.com Berner, Twista And Chris Webby Discuss Racial Bias In Cannabis Arrests https://www.benzinga.com/markets/cannabis/18/11/12651784/berner-twista-and-chris-webby-discuss-racial-bias-in-cannabis-arrest <p><em>This post was originally published on&nbsp;<a href="https://thefreshtoast.com/cannabis/twista-berner-and-chris-webby-discuss-racial-bias-in-cannabis-arrests/">The Fresh Toast</a>.</em></p> <p>A couple of years ago, Chicago-native Twista, holder of the 1992 Guinness World Record as the fastest rapper in the globe and frequent Kanye West collaborator, was arrested for cannabis possession. After the ordeal, the artist issued a&nbsp;<a href="https://www.billboard.com/articles/columns/hip-hop/7310449/twista-misdemeanor-marijuana-charge">statement</a>&nbsp;arguing that being arrested for holding small amounts of weed in the U.S. in 2016 was comparable to being detained for jaywalking.</p> <p>Data shows that, even despite the massive shift in public opinion in relation to cannabis, with surveys showing that&nbsp;<a href="https://news.gallup.com/poll/243908/two-three-americans-support-legalizing-marijuana.aspx">more than 65 percent</a>&nbsp;of the American population now supports legalization, a lot of people are still being arrested for pot-related offenses. And this holds particularly true for minorities.</p> <p>According to the&nbsp;<a href="https://www.aclu.org/gallery/marijuana-arrests-numbers">ACLU</a>, cannabis consumption levels are pretty similar among black and white people. However, black people are almost four times more likely than white people to get arrested for possession.</p> <p>&ldquo;By now, most of the world is aware that the war on drugs was racially targeted,&rdquo; Larisa Bolivar of the&nbsp;National Diversity and Inclusion Cannabis Alliance (NDICA) explained. &ldquo;The disparity in the number of arrests for nonviolent cannabis offenses tells the story pretty clearly, as do the historical campaigns against cannabis.</p> <p>&ldquo;Even more compelling is the ongoing disparity and targeted arrests in legal states like Colorado, [where] blacks are three times more likely than whites to be arrested for cannabis. If you look at the total demographics of the state with Hispanics making up 21.3 percent, blacks only making up 4.5 percent, and whites 87.5 percent, it seems really unfair and targeted when almost 90 percent of the [legal] cannabis industry is white and the majority of their consumer base is white.&rdquo;</p> <p>When prompted about his own experience, Twista told&nbsp;<em>The Fresh Toast</em>&nbsp;that he is &ldquo;definitely glad to see a lot of states legalize cannabis, because legalization stops some of the excuses for law enforcement agencies to act in ways that may be considered racially-biased&mdash;like racial profiling.&rdquo;</p> <p>Twista believes &ldquo;cannabis has been used over time to criminalize marginalized sectors of the society; to do stuff to people that didn&rsquo;t necessarily deserve it.&rdquo;</p> <p>Adding to this point is <a href="http://www.benzinga.com/markets/cannabis/18/10/12459338/rapper-berner-talks-cannabis-business-ventures-shares-advice-for-ent">Berner</a>, a rapper of Latinx heritage who&rsquo;s known for ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/11/12651784/berner-twista-and-chris-webby-discuss-racial-bias-in-cannabis-arrest alt=Berner, Twista And Chris Webby Discuss Racial Bias In Cannabis Arrests>Full story available on Benzinga.com</a></p> ACLU Berner Cannabis Cannabis Arrests Chris Webby HMLSF Larisa Bolivar MJ National Diversity and Inclusion Cannabis Alliance NDICA The Fresh Toast Twista Politics Markets Interview General MJ HMLSF Cannabis Politics Markets Interview General Benzinga Thu, 08 Nov 2018 16:26:25 +0000 Javier Hasse 12651784 at https://www.benzinga.com Prepaid Financial Services Prepares IPO, Moves Into Asian & African Markets https://www.benzinga.com/fintech/18/11/12633252/prepaid-financial-services-prepares-ipo-moves-into-asian-african-markets <p>Founded in 2007, London-based Prepaid Financial Services Limited provides payment technology solutions such as e-wallets, consumer cards and&nbsp;online cardholder services.</p> <p>CEO Noel Moran is a fintech magnate with extensive experience in the industry.</p> <p>Following 10 consecutive years of revenue increases &mdash; the company took in&nbsp;$58.9 million in 2017 &mdash; Moran is planning a&nbsp;2019 initial public offering.</p> <h3>The Company</h3> <p>Prepaid Financial Services has developed its offerings with tools such as machine learning, artificial intelligence and big data to cater to a demographic&nbsp;of tech-savvy millennials.</p> <p>It&#39;s a market that Moran believes will be the next growth area for the fintech sector as a whole.&nbsp;</p> <p>&ldquo;It&#39;s what they know. Millennials already enjoy up to unlimited data. This is their time;&nbsp;this is their space. Previous generations can still be cash-attached, and millennials less so.&rdquo;</p> <p>In the view of Prepaid Financial, machine learning is ...</p><p><a href=https://www.benzinga.com/fintech/18/11/12633252/prepaid-financial-services-prepares-ipo-moves-into-asian-african-markets alt=Prepaid Financial Services Prepares IPO, Moves Into Asian &amp; African Markets>Full story available on Benzinga.com</a></p> Benzinga Fintech Summit Fintech Mobile Banking News Noel Moran Prepaid Financial Services Limited IPOs Interview News Fintech IPOs Interview Benzinga Wed, 07 Nov 2018 22:26:35 +0000 Hannah Genig 12633252 at https://www.benzinga.com Fintech's Top Accountant Talks Blockchain, ICOs And More https://www.benzinga.com/markets/cryptocurrency/18/11/12641085/fintechs-top-accountant-talks-blockchain-icos-and-more <p><strong><em>The <a href="http://bzsummit.com">Benzinga Fintech Summit</a> is a gathering of the top leaders in brokerage, payments and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling <a href="https://www.benzinga.com/topic/fintech">fintech</a> thought leaders who are speaking at the event.</em></strong></p> <p><em>For this installment, Benzinga interviewed Asael Meir, head of CohnReznick&#39;s technology industry practice.</em></p> <p><strong>Benzinga: Tell us about your background and current role in fintech.</strong></p> <p>Meir: Living in global banking capitals such as New York City and London, combined with a life-long fascination with the power of disruptive technologies has gravitated me towards fintech, where I am surrounded by innovative thinkers that are leveraging technology to create better user experiences (UX) in finance.</p> <p>In my current role as the national leader of CohnReznick&rsquo;s Technology Industry practice, I manage a strong, multi-disciplinary team of professionals who assist fintech companies and founding entrepreneurs through complex capital formation transactions, liquidity events and the related accounting and tax implications. We enjoy working alongside and supporting visionary clients as they elevate their companies to the next level!</p> <p><strong>What trend in fintech are you paying the most attention to right now?</strong></p> <p>First, we are paying close attention to the rapid development of blockchain and distributed ledger technologies. Infrastructure upgrades such as the emergence of 5G telecommunications networks will accelerate the rate of adoption by mobilizing blockchain technology and expanding its use cases.</p> <p>Second, as crypto economics continue to evolve, we are closely monitoring new regulations. Considering ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/18/11/12641085/fintechs-top-accountant-talks-blockchain-icos-and-more alt=Fintech&#039;s Top Accountant Talks Blockchain, ICOs And More>Full story available on Benzinga.com</a></p> Asael Meir Benzinga Fintech Summit Blockchain CohnReznick Cryptocurrency Fintech initial coin offerings Markets Interview Cryptocurrency Fintech Markets Interview Benzinga Tue, 06 Nov 2018 21:37:56 +0000 Spencer White 12641085 at https://www.benzinga.com How Yapstone Plans To Expand In Complex Markets Using Its Transact Platform And $100M In VC Funding https://www.benzinga.com/fintech/18/11/12632654/how-yapstone-plans-to-expand-in-complex-markets-using-its-transact-platform-a <p><strong><em>The <a href="http://bzsummit.com">Benzinga Fintech Summit</a> is a gathering of the top leaders in brokerage, payments and cryptocurrencies in San Francisco Nov. 14. Ahead of the Summit, Benzinga is profiling <a href="https://www.benzinga.com/topic/fintech">fintech</a> thought leaders who are speaking at the event.</em></strong></p> <p><em>For this installment, Benzinga interviewed Sanjay Saraf, CTO of <a href="https://yapstone.com/">Yapstone</a>. </em></p> <p><strong>Benzinga: How is technology changing the global payments ecosystem? </strong></p> <p>Saraf: Technology commonly referred to as &ldquo;fintech&rdquo; is the backbone of global payments. This is now true for both in-store and online. Technology has been enabling basic card processing for many years; now, advances in fintech are making it possible to process online and mobile transactions in split seconds and for payments in retail locations to be completely self-service.</p> <p>But clearly, the most impactful change has been how fintech has made it possible for anonymous buyers and sellers to interact on marketplaces, such as Uber, HomeAway, and a multitude of sharing economy businesses. This has taken the user experience to a new level and friction involved in payments is completely removed for buyers and sellers.</p> <p><strong>What is the role of players like Yapstone in developing new technologies for different payments segments? How does your new Transact ...</strong></p><p><a href=https://www.benzinga.com/fintech/18/11/12632654/how-yapstone-plans-to-expand-in-complex-markets-using-its-transact-platform-a alt=How Yapstone Plans To Expand In Complex Markets Using Its Transact Platform And $100M In VC Funding>Full story available on Benzinga.com</a></p> Benzinga Fintech Summit Blockchain Fintech payments Sanjay Saraf YapStone Interview Fintech Interview Benzinga Tue, 06 Nov 2018 19:15:59 +0000 Spencer White 12632654 at https://www.benzinga.com