Home Tags CNBC


NBA stars John Wall, Carmelo Anthony invest in cannabis company LEUNE

4/15/21--National Basketball Association stars John Wall and Carmelo Anthony are new investors in California-based LEUNE. The cannabis company raised roughly $5 million and said it would use the funds for marketing and expanding its products as it looks to capitalize on more states legalizing marijuana. Read

Peter Thiel backs Berlin start-up making psychedelics in $125 million round

11/23/20--Billionaire tech investor Peter Thiel has backed ATAI Life Sciences, a Berlin start-up aiming to make psychedelic drugs to treat mental health disorders in a $125 million funding round. Described as a drug development platform, ATAI Life Sciences was set up to acquire, incubate and develop psychedelics and other drugs that can be used to treat depression, anxiety, addiction and other mental health conditions. Read

Juul’s vaping products should be completely pulled off the market, says ex-FDA chief Gottlieb

11/11/19--Former FDA Commissioner Scott Gottlieb said Monday that Juul Labs’ products should be removed from the market, citing two studies that showed the scope of teen use of its e-cigarettes and flavored pods. Gottlieb, who has criticized Juul in the past, said that Juul does seem to “have cleaned up what they’re doing” in terms of marketing to young people, “but it’s hard to unring that bell.” Read

Constellation Brands stock sinks 11% after releasing disappointing 2019 outlook

1/9/19--Shares of Constellation Brands dropped 11 percent in premarket trading Wednesday morning. Constellation Brands said it expects to earn between $9.20 and $9.30 per share for the fiscal 2019 year, on an adjusted basis, missing analysts' expectations of $9.43 per share. The company's stock, which has a market value of $32.7 billion, struggled in 2018, with shares ending the year down 30 percent. Read

Wall Street’s top pot analyst loves Cronos deal for Altria: ‘Unique entry into cannabis’

12/10/18--Wall Street's top marijuana analyst, Vivien Azer, likes Marlboro maker Altria's $1.8 billion investment in Canadian pot company Cronos Group, telling clients the move represents a "unique entry into cannabis." According Azer, Cronos' emphasis on rare cannabinoids will likely prove valuable for Altria as it looks to diversify from tobacco and into up-and-coming markets like e-cigarettes and marijuana. Read

Coca-Cola CEO on coffee strategy: We’re not going head to head with Starbucks

11/16/18--According to Coca-Cola President and CEO James Quincey, Coca-Cola's $5.1 billion acquisition of U.K. coffee chain Costa was less of an effort to take on giants like Starbucks than a move to create a new type of coffee experience. Read

You could make $70,000 right out of college with a degree in marijuana studies

10/21/17--The University of Northern Michigan is offering a new degree this year: medicinal plant chemistry. According to Brandon Canfield, the associate professor of analytical chemistry who started the program, all of the graduates are going to be qualified to be analysts in a lab setting, and that could lead to a position that pays $70,000 right out of school. Read

This former minister expects to make $22 million next year selling marijuana

8/9/17--Despite former minister Dan Osborne's personal views, he is heavily invested in marijuana. He has already spent $16 million building indoor growing facilities in Desert Hot Springs, Calif. His company, CLC Brand Labs, which he founded in 2016, sells marijuana to medical dispensaries. He also plans to sell to recreational retailers when recreational marijuana becomes legal. Osborne expects his growing facilities to reap $22 million in 2018. Read

This medical marijuana start-up uses artificial intelligence to find which strain is best for you

6/26/17--Potbot uses artificial intelligence to "read" through peer-reviewed medical journals to find studies on cannabinoids, the active compounds in marijuana. Using the research, it pairs 37 symptoms like insomnia, asthma, and cancer with branded marijuana strains to find which type of weed is best suited to treat each one. Read

Weed business set to be one of fastest growing job generators in US

screen-shot-2016-12-20-at-8-59-50-am12/2/16--Students are getting formally educated in cannabis to help set them in apart in an industry that currently employs some 150, 000 people. Analysts project that number could double or even triple in the years to come, making marijuana one of the fastest-growing industries in the nation, with cannabis legal for medicinal use in 25 states and recreational use in four states and the District of Columbia. Read