BOTTOM LINE: Cannabis is almost always, inevitably, a losing proposition

BOTTOM LINE: Cannabis is almost always, inevitably, a losing proposition
Brent Melville
They are still counting the votes on the recreational cannabis referendum but that hasn’t stopped investors from throwing money into weed, at least via palatable medicinal cannabis start-ups.To be clear, the existing market offerings – mostly via crowdfunding efforts – relate to medicinal cannabis, the only legal investment option available at this stage. So whether or not the public vote yes to legalise pot is largely immaterial, although substantial money is being raised largely on the strength of what can only be consi...

More Markets

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.