Posted by AGORACOM-JC
at 9:00 PM on Sunday, March 17th, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) Converting irrigated farmland to
greenhouse-equipped farmland. Bougainville does not “touch the plantâ€
and only provides agricultural infrastructure as a landlord for
licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
The marijuana industry looks like the fastest-growing job market in the U.S
The marijuana industry added 64,389 jobs in 2018, a 44 percent gain, according to industry experts Leafly and Whitney Economics.
Economists believe the U.S. job market overall is getting tight, evidenced by the 20,000 growth in payrolls for February
Job creation is expected to grow as more states legalize pot. Nick Colas at DataTrek Research said cannabis is the “fastest-growing labor market in the U.S.”
Published 19 Hours Ago Updated 17 Hours Ago CNBC.com
Tom Franck | CNBC
Canopy Growth operations in Smiths Falls, Ontario.
At a time when the rest of the labor market appears to be tightening
up, the marijuana industry is just getting started when it comes to job
creation, according to a recent report.
Pot manufacturers and distributors, on both the recreational and
medicinal sides, saw massive job creation in 2018, with 64,389 new
positions added to the rolls. That brings to 211,000 the number of jobs
directly related to the industry, part of a total of 296,000 in all
related areas combined, industry site Leafly said in a report it compiled with Whitney Economics.
The U.S. economy in total created about 2.7 million new jobs in 2018,
according to the Bureau of Labor Statistics, which does not count
cannabis-related hiring because the substance is still considered a
Schedule 1 narcotic at the federal level.
Hiring slowed to a crawl in February, with payrolls growing by just 20,000.
That came even though the BLS said there were 7.3 million job openings
against just 6.3 million considered unemployed in December, the most
recent month for which data were available.
Aurora Cannabis chair talks Peltz appointment and the future of the cannabis industry 8:56 AM ET Wed, 13 March 2019 | 05:34
“Amid the roiling debate over American jobs, the legal cannabis
industry remains a substantial and unrecognized engine of grassroots job
creation,” the report’s authors wrote. “In 2019, America’s cannabis
industry is one of the nation’s greatest economic success stories. That
success deserves to be recognized and celebrated.”
The document was written by Bruce Barcott, Leafly’s deputy editor, and Whitney Economics founder Beau Whitney.
Because there is no official count the report had to use some
unconventional methods to estimate the jobs total. They utilized state
data, industry surveys, information from operators, proprietary data and
other economic formulas.
What they found was stunning: a 44 percent gain in the workforce for
2018 that came on top of a 21 percent increase the previous year.
At 211,000, the total number of jobs compares favorably to other more
mainstream occupations: there were 131,430 chefs in the country, for
instance, along with 65,760 aerospace engineers and 40,000 computer
operators, according to the most recent BLS counts.
“US marijuana legalization is a rare example of disruption creating
jobs rather than destroying them,” Nick Colas, co-founder of DataTrek
Research, said in a note Thursday that highlighted some of the cannabis
jobs data. “With the US labor market recently showing signs of weakness
and fears of an eventual recession in the wings, this is one industry
that might soften the blow of an economic downturn.”
Colas expects pot-related job creation to continue as more states
legalize the substance. He called cannabis “the fastest-growing labor
market in the U.S.”
Along with the bottom-line gains, the industry’s growth also offers
an alternative to the push for young Americans to get a college degree,
which has led to an explosion of student loan debt that now totals
nearly $1.6 trillion.
“Americans with a college degree are basically at full employment,
but most Americans do not have those credentials and their participation
rates are lower than the former,” Colas wrote. “The marijuana industry
offers solid paying positions at all levels of experience and
educational attainment.”
Colas cited Glassdoor data showing that median pay in the cannabis
industry is 11 percent above the median U.S. salary of $52,863.
“Budtenders,” the staff members who work directly with customers,
generally earn $12 to $16 an hour, according to the site that allows
current and former employees to review their workplaces and list typical
salaries.
At the other end of the spectrum, cultivation and extraction
directors and outside sales representatives can earn well into six
figures.
Tags: Marijuana, otc, tsx, tsx-v, weed Posted in All Recent Posts, Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – The #marijuana industry looks like the fastest-growing job market in the U.S #weed $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 3:46 PM on Friday, March 1st, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) Converting irrigated farmland to
greenhouse-equipped farmland. Bougainville does not “touch the plantâ€
and only provides agricultural infrastructure as a landlord for
licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
Why The Cannabis Sector Has More Room to Run
Positive developments are palpable in the marijuana industry.
Be it acquisitions, expansion into industries like food, beverage, tobacco and cosmetics or legalization, things are increasingly falling into place for marijuana.
From Sanghamitra Saha: Positive developments are palpable in the marijuana industry. Be it acquisitions, expansion into industries like food, beverage, tobacco and cosmetics or legalization, things are increasingly falling into place for marijuana. ETFMG Alternative Harvest ETF (MJ – Free Report) is up 48.7% this year and appears to have more room to run.
Will FDA Regulate CBD in April?
There is growing demand for uses of CBD, a non-psychoactive
ingredient in cannabis, in food, drinks and cosmetics. Naturally,
companies selling food and drinks with CBD want FDA regulation for the industry. Though the U.S. FDA has forbidden companies from infusing CBD in food, many drink companies have announced plans to use it.
Congress legalized hemp products,
including most CBD, in December in the 2018 Farm Bill. The FDA now has
to set new rules for the industry. Amid ongoing legal uncertainty, which
is causing quite an upheaval for the rising industry, FDA Commissioner
Scott Gottlieb’s latest comment brought good news for the industry. He
said “public meetings will be held sometime in April to hear from
relevant parties on how best to regulate CBD derived from hemp,†per
MarketWatch.
The joining of Martha Stewart came with the deal between Sequential Brands Group Inc. (SQBG – Free Report)
(up 40% on Feb 28) and Canopy Growth (up 3.6% on the day). Sequential
Brands, which is a licensing and brand management company, owns
Stewart’s media company Living Omnimedia since Dec 2015.Substantial Growth Prospect in Hemp-CBD Market
The Hemp Business Journal estimates that sales in the hemp-CBD market
will shoot up from $390 million in 2018, to about $1.3 billion by 2022.
As U.S. cannabis companies are still under regulatory prohibitions,
Canadian operators are looking for ways to expand their reach by mergers
and acquisitions, per the source.
And the hemp-CBD market offers lucrative opportunities for this. This
is because the 2018 Farm Bill subjects hemp and its derivatives to
agricultural products category rather than controlled substances.
Canopy Growth has plans to invest between $100 million and $150
million in a hemp industrial park in New York state, per Reuters.
Meanwhile, Canada’s Tilray(TLRY – Free Report) is working with Authentic Brands Group on
a line of consumer products. Tilray announced an acquisition of the
world’s largest hemp food maker Manitoba Harvest for about $318 million
in February. Arcadia Biosciences Inc. (RKDA – Free Report)
– which normally develops food ingredients from wheat and soybeans –
saw its shares jumping 49% on Feb 28 after it divulged plans to foray into the hemp industry (read: Top ETF Stories of February).
Tags: Marijuana, stocks, tsx, weed Posted in Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – Why The Cannabis Sector Has More Room to Run $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 12:33 PM on Monday, February 25th, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) Converting irrigated farmland to
greenhouse-equipped farmland. Bougainville does not “touch the plantâ€
and only provides agricultural infrastructure as a landlord for
licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
Nearly 1 in 6 Canadians Have Used Marijuana Since Recreational Pot Was Legalized
New data from Statistics Canada offers an inside look at cannabis consumption rates based on province, gender, and age.
The sky seems to be the limit for the legal marijuana industry.
According to the most bullish forecast from Wall Street investment firm Cowen Group, the legal weed industry could surpass soda in global sales by 2030 and generate $75 billion in yearly revenue.
More immediately, a co-authored report from Arcview Market Research and BDS Analytics has called for 38% global sales growth in 2019 to $16.9 billion.
Sean Williams Feb 23, 2019 at 10:51AM
The sky seems to be the limit for the legal marijuana industry.
According to the most bullish forecast from Wall Street investment firm Cowen Group, the legal weed industry could surpass soda in global sales by 2030 and generate $75 billion in yearly revenue.
More immediately, a co-authored report from Arcview Market Research and
BDS Analytics has called for 38% global sales growth in 2019 to $16.9
billion. No matter how you analyze the data, that’s a lot of green to go
around; and it’s a big reason why pot stocks have been virtually
unstoppable since the year began.
Although the United States would represent the largest cannabis
market in the world by sales if it were legalized at the federal level,
it’s our northerly neighbor Canada that’s leading the charge on
marijuana reform. Having become the first industrialized country in the world,
and only second overall behind Uruguay, to legalize adult-use pot in
October, Canada looks to be on track for an estimated $5.9 billion in
annual sales by 2022.
Image source: Getty Images.
An inside look at the average Canadian cannabis user
But just how quickly are Canadians adapting to this legalized
environment? For that answer, I turn to Statistics Canada, the national
statistics office that gathers information on Canada’s economy,
environment, and society.
Recently (as of Feb. 21, 2019), Statistics Canada released self-reported data
on consumers’ use of cannabis over the past three months. As a
refresher, marijuana legalization occurred roughly four months ago,
although the first month was a supply-side disaster. That means the past
three months of use should give us a really good idea of what the
typical Canadian consumer looks like.
According to the data, which Statistics Canada will continue to
update, 15.4% of all citizens, or nearly 1 out of 6 Canadians, have used
cannabis over the past three months. As you can imagine, usage
statistics tend to vary by region, gender, and age. For instance, Quebec
had the lowest percentage of people using marijuana over the past three
months (13.6%), while the lesser-populated Nova Scotia had the highest
percentage by far at 21.6%. Newfoundland and Labrador and New Brunswick
were also significantly above the national self-reported average in
three-month use rates.
In terms of gender, men were significantly more likely than women (19.4% vs. 11.3%) to have consumed cannabis recently.
Finally, as you might expect, pot use over the past three months was
considerably higher among younger people than older folks. Overall,
27.4% of Canadians aged 15 to 24 and 23.2% of those aged 25 to 34 used
cannabis over the past three months. Meanwhile, just 5.2% of seniors
aged 65 and up and 10.4% of Canadians aged 55 to 64 used weed recently.
Even though the older generation has more disposable income, it’s these
younger adults that are the future of the legal weed industry.
Image source: Getty Images.
Cannabis consumption rates are likely to rise — here’s why
Although there were no major surprises here, there are some relatively interesting takeaways to be made.
For example, an average use rate of just 15.4% might seem rather low,
but it’s not factoring in two pretty important catalysts. First,
there’s the fact that marijuana growers are still in the early stages of
ramping up their production. Aurora Cannabis (NYSE:ACB), which is my selection to lead the country with 700,000 kilograms of peak annual production,
is only producing at an annual run rate of 120,000 kilos right now. By
the end of the current calendar quarter, Aurora Cannabis should be
yielding more than 150,000 kilos annually, but it’s going to take
perhaps 12 to 24 more months before Aurora is operating on all
cylinders. When consumers have access to ample demand and the per-gram
price for dried cannabis flower comes down a bit, we’re liable to see
usage rates increase.
The second catalyst is the expected legalization of new consumption
options by this fall. When the Cannabis Act was signed into law last
June, and legal product sales commenced on Oct. 17, 2018, it only
included dried flower, cannabis oil, and sprays. Alternative products
such as edibles and cannabis-infused beverages aren’t yet legal.
That, however, is expected to change by no later than Oct. 17, 2019,
according to an outline presented by Health Canada. Edibles and infused
beverages containing cannabidiol (CBD), the nonpsychoactive cannabinoid
best known for its medical benefits, are expected to be especially
important in luring in new users.
The provincial-use data is also interesting in that it highlights one potential under-the-radar grower: OrganiGram Holdings (NASDAQOTH:OGRMF). The New Brunswick-based OrganiGram is the only Atlantic grower expected to yield more than 100,000 kilograms
per year when at full production capacity. Its geographic location
gives it competitive advantages in New Brunswick, Nova Scotia, and
Newfoundland and Labrador. Sure, these are far less populated regions
than, say, Ontario or Quebec, but it nevertheless allows OrganiGram a
foothold in these potentially higher-use provinces and territories.
OrganiGram was already a value stock among its peers, but it’s now that
much more intriguing following the release of this data.
Image source: Getty Images.
I believe this data also demonstrates the scope of opportunity awaiting Shopify (NYSE:SHOP) and its e-commerce platform. A number of large growers and provinces, including Ontario,
have chosen to utilize Shopify’s sales platform for online and
brick-and-mortar sales. Aside from simply being the sales platform of
choice, Shopify offers marijuana companies purchasing data on consumers
for pretty much the first time ever. With this being a cash-dominated
industry, it’s been virtually impossible for growers and retailers to
understand their customer base. With Shopify, this is going to change,
and both producers and retailers will be able to more directly target
consumers.
Ultimately, the legal weed industry is still in its infancy in
Canada. That means we’re liable to see this data shift as Health Canada
adjusts the boundaries of what’s legal and growers and retailers come to
better understand their customers.
Posted by AGORACOM-JC
at 10:12 AM on Friday, February 8th, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) Converting irrigated farmland to
greenhouse-equipped farmland. Bougainville does not “touch the plantâ€
and only provides agricultural infrastructure as a landlord for
licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
POT Ticker Generates Frenzy As WHO Softens Stance On Marijuana
Little illustrates the mania for cannabis investments better than the unprecedented demand over the stock symbol POT.
But new recommendations from the World Health Organization suggest some of that frenzy may not be unwarranted.
Tiny Vancouver-based cannabis company Weekend Unlimited saw its stock
gain as much as 148% Feb. 1 after winning out over 40 other companies
in the first-ever lottery for a stock ticker held by Canadian exchanges.
Weekend Unlimited, which previously traded under YOLO, short for “you
only live once,” wasn’t exactly lacking a memorable ticker before it won
the POT ticker.
In a weird twist, the YOLO symbol may find new life in another
pot-related security, as the AdvisorShares Pure Cannabis ETF has filed
to trade on the New York Stock Exchange under YOLO.
In more serious news, the WHO is recommending that cannabis and its
resin be removed from Schedule IV, the most restrictive category of a
1961 drug convention that governs international treaties. The WHO is
also moving to clarify that CBD containing less than 0.2% THC is not
under international control at all.
If adopted, these recommendations would recognize changing attitudes
toward the drug and its medical properties, potentially encouraging
fence-sitting politicians to speed up the pace of legalization. They
could also be a “catalyst for Big Pharma to further assess the global
medical cannabis opportunity,” according to BMO analyst Tamy Chen.
Advertising Challenges
“The treaty’s recommended cannabis rescheduling provides countries
additional political cover to re-examine their current state on
cannabis, given it serves as the regulatory framework for many,” writes
Bloomberg Intelligence analyst Kenneth Shea.
The proposals will now go to the United Nations’ Commission on
Narcotic Drugs, whose 53 member nations will have the chance to vote on
them, likely in March.
POT hype and WHO recommendations aren’t making it any easier to
advertise cannabis brands, at least not yet. Earlier this month, CBS
declined to air a commercial touting the benefits of medical marijuana
during the Super Bowl and Facebook (FB) has booted some pot sellers off Instagram, Bloomberg’s Craig Giammona reported last week.
The restrictions are even tighter in Canada, where nearly all forms of marketing and branding are prohibited.
Canadian Supply
The Canadian government reported that total cannabis sales in
December were up 4% from the month before, a muted gain given that
November sales marked a 42% decline in per-day recreational pot sales
from October, when legalization took effect.
The fact that total inventory continues to grow, hitting nearly two
months’ worth of dried pot and five months’ of cannabis oil at the end
of December, indicates that Canada’s ongoing supply shortage is more a
function of supply-chain problems than a lack of product, according to
Eight Capital analyst Graeme Kreindler.
“The process of getting products from vault to shelf remains a key
step in alleviating supply issues in the Canadian market,” Kreindler
said.
Edibles Question
The ongoing shortages, whatever their root cause, have raised
concerns among some in the industry that it won’t be ready to meet
demand for edibles and concentrates, which were expected to join dried
flower and oils on store shelves by October of this year. However,
Justin Trudeau’s pot czar told Bloomberg’s Josh Wingrove last week that
sales may lag regulations, citing the 17-week gap between the federal
pot law passing last June and the formal market opening in October.
According to Keith Merker, CEO of WeedMD, “It’s classic cannabis
industry stuff; you’re operating in this mist of uncertainty and trying
to make business decisions that are appropriate.”
The lack of clarity isn’t deterring big U.S. funds from sniffing
around the industry. Funds with $100 billion or more in assets under
management are exploring lending to Canadian cannabis companies as a way
to gain expertise in the burgeoning market ahead of potential
legalization.
The idea is to provide first-lien loans, which are first to be repaid
when a company fails, to mid-tier pot firms, according to Cormark
Securities’ Alfred Avanessy. This would open up a whole new world of
financing to the industry, which has largely relied on equity raises and
convertible debt to date.
Tags: Marijuana, weed Posted in All Recent Posts, Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – #POT Ticker Generates Frenzy As WHO Softens Stance On Marijuana $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 12:19 PM on Tuesday, January 29th, 2019
SPONSOR: Bougainville Ventures Inc (CSE: BOG) Converting irrigated farmland to greenhouse-equipped farmland. Bougainville does not “touch the plant†and only provides agricultural infrastructure as a landlord for licensed marijuana growers. Click here for more info.
BOG:CSE —————————————
Canada’s chronic shortage of legal cannabis expected to drag out for years
One industry insider expects shortage to continue until 2022, as more legal cannabis diverted to edibles
Canada’s licensed producers are growing more cannabis than ever. But
they still aren’t making enough to balance supply and demand. (Derek
Hooper/CBC)
Canada’s persistent shortage of legal cannabis could drag on for
years. The impending legalization of edible pot will only divert more
product away from empty store shelves across the country. One industry
insider said he now expects that shortage to endure until 2022.
“If it was just the current product set, I’d say a year to 18
months,” said Chuck Rifici, CEO of the Toronto-based cannabis company
Auxly.
“But because we have edibles and a bunch of new product types coming
in October, I think it’ll be the better part of three years before we
have true equilibrium and oversupply in the space.”
Licensed producers have been adding capacity in droves. Millions of
square feet of new greenhouse space has been built since last summer.
But for every new gram produced, new demand is piling up as well.
“The medical cannabis market still grows by about five per cent a
month,” said Rifici. “We have about 300,000 Canadians accessing
medically, so that’s a drain on the system, as well as international
exports that are starting to amplify.”
Cannabis-infused food and drink promises to open a whole new segment
of the market. A recent report by Deloitte found 49 per cent of probable
cannabis users in Canada are willing to try edibles. But that growth
comes with a whole new batch of regulations and expectations.
It may take as many as three years before licensed producers are growing
enough to supply the recreational, medicinal and edible markets. (Jeff
McIntosh/Canadian Press)
Health Canada will require strict rules around shelf life and
refrigeration. There will be specific rules around doses per serving.
And that’s where Kevin Letun and Pacific Rim Brands hope to step in. His
company has partnered with labs at the University of British Columbia
in Kelowna and the British Columbia Institute of Technology to dig into
the science behind all that.
“Because this is a brand new consumer product and it’s utilizing a
schedule-1 drug that’s been illegal for the last 80 years, consumers are
going to want to trust the brand that they’re going to be trying in the
future,” said Letun.
Right now, Pacific Rim Brands is working on getting the specific
formulations for these products. Once that’s completed, the company
expects to start human testing to gather data. Essentially, the company
is aiming to have formulations ready and approved this summer.
“Then, our goal is to look to either license these to existing
beverage companies, potentially licensed producers or even develop our
own brands,” said Letun.
When the legal recreational market opened on Oct. 17, 2018, stores like
this one in NWT quickly sold out of product. (Hilary Bird/CBC)
Letun said edibles will prove to be a much larger segment of the industry than the current smokeable pot.
“In the next ten years, you’re going to see the smokeable cannabis
(comprising) maybe only 10 to 20 per cent of the market,” he said.
He expects edibles and infused drinks will take off once legalized.
And he said that will go well beyond cannabis-infused beer and wine.
“There are so many other applications on the medicinal side too, when
it comes to sleep aids or sports recovery when it comes to
inflammation, pain, sports recovery.”
Public consultations into the legalization of edible cannabis are
open now and are expected to conclude at the end of February. As rules
become more clear, the summer will see another surge in demand as
companies look to get products ready for a market expected to open up on
October 17.
It has only been three months since cannabis was legalized in Canada.
There’s something to be said for the fact that the highest
profile issue to stem from such an enormous change in drug policy is a
lack of supply.
That issue is moving toward resolution, perhaps more slowly than expected.
Tags: edibles, Hemp, Marijuana Posted in Bougainville Ventures | Comments Off on Bougainville Ventures Inc $BOG.ca – Canada’s chronic shortage of legal cannabis expected to drag out for years $CROP.ca $VP.ca NF.ca $MCOA
Posted by AGORACOM-JC
at 4:16 PM on Tuesday, January 15th, 2019
Announced that the Company’s common shares are now listed and trading on the Frankfurt Stock Exchange under the ticker symbol “8BV.â€
VANCOUVER, British Columbia, Jan. 15, 2019 — Bougainville Ventures Inc. (“Bougainville†or the “Companyâ€) (CSE: BOG) is pleased to announce that the Company’s common shares are now listed and trading on the Frankfurt Stock Exchange (“FRAâ€) under the ticker symbol “8BV.†The Company’s common shares continue to be listed on the Canadian Stock Exchange (“CSEâ€) under the ticker symbol “BOGâ€. The Company is actively pursuing an OTC listing in the United States.
CEO, Andy Jagpal Comments: “Our listing on the
Frankfurt Stock Exchange is an important step forward in the Company’s
future growth internationally allowing European investors to capitalize
on our ongoing expansion and opportunity in the Canadian and US cannabis
markets.â€
About Bougainville Ventures Inc.  Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources.
On behalf of the Board of Directors BOUGAINVILLE VENTURES INC.
Andy Jagpal, CEO and Director
For further information, please contact Andy Jagpal at [email protected] or 1-844-734-8420.
FORWARD LOOKING STATEMENTS: This news release
contains certain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements are based on
estimates and assumptions made by BOG in light of its experience and
perception of current and expected future developments, as well as other
factors that BOG believes are appropriate in the circumstances. Many
factors could cause BOG’s results, performance or achievements to differ
materially from those expressed or implied by the forward looking
statements, including: discrepancies between actual and estimated
results from exploration and development and operating risks, dependence
on early exploration stage concessions; uninsurable risks; competition;
regulatory restrictions, including environmental regulatory
restrictions and liability; currency fluctuations; defective title to
mineral claims or property and dependence on key employees.
Forward-looking statements are based on the expectations and opinions of
the Company’s management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
No regulatory authority has approved or disapproved the information contained in this news release.
