The black market for cannabis remained strong in the fourth quarter of 2018, according to data from the Canadian government:
Cannabis stocks were mixed on Monday as new data emerged about the state of Canada’s legal market and Aurora Cannabis Inc. completed its acquisition of a British Columbia–based medical weed company.
In the U.S., a recent Farm Journal survey of crop farmers and livestock producers found farmers are becoming more accepting of growing and using cannabis, although they are more comfortable with the nonpsychoactive ingredient CBC and medical applications than of the psychoactive ingredient THC and recreational applications.
Cronos shares rose premarket on the news, but were down 0.7% in official trade, while Aurora fell 0.9%. Arcadia Biosciences Inc. shares RKDA, +9.16% soared 9.7%, after the food-ingredients and nutritional-oils company said it was granted its first industrial hemp pilot progam license in Hawaii. The license allows Arcadia Specialty Genomics, the company’s cannabis-focused business unit launched last week, to begin research and cultivation of hemp, planted on 10 acres of leased land.
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