Last week, Canadas announced a suite of bills to legalize recreational marijuana use throughout Canada making good on a campaign promise. The pending legalization bills are widely expected to pass (the goal is to get the regulatory regime off the ground by July 1, 2018) with Abovethelaw.com having an article with the following good summary of the proposedrestrictions and standards:
The legal age to purchase up to an ounce of marijuana will be 18, but the Provinces are free to set higher age limits. Individuals 18 and older can grow up to four plants per household for personal use. Tourists cannot bring cannabis into Canada, but they can purchase and use it while there. The provinces will almost exclusively regulate retail and marijuana distribution, as well as the retail price of marijuana. They can even own their own retail establishments if they wish. Provinces will be able to decide whether alcohol and marijuana can be sold at the same retail location. According to the federal governments own press release, those jurisdictions that have not put in place a regulated retail framework, individuals would be able to purchase cannabis online from a federally licensed producer with secure home delivery through the mail or by courier. Marijuana vending machines and self-service displays are banned. The federal government will regulate marijuana producers. Advertising, promotions, and marketing cannot appeal to children and they will be heavily regulated by the federal government, including the possibility of no branding at all on the production side. Regulations regarding packaging and labeling are mandated, but they need to be debated by government first. No federal taxes or licensing fees are contained in the bills. Cannabis cannot be used to infuse alcohol, nicotine, or caffeine and vice-versa. More than 2 nanograms of active THC in the blood is a criminal driving offense punishable with a fine and the presence of more than 5 nanograms is a more serious offense, and officers will test driving impairment by using fluid samples, including saliva and blood samples.
Many Americans may not realize that while Canadahaslegalized medical marijuana and its production, its never actually legalized medical marijuana distribution or dispensaries. However, many dispensaries operate freely due to local law enforcement tolerance in certain Provinces.
live stock quotes: (LGF.A)
- [By Keith Noonan]
While 2016 played host to a range of films that underperformed, the biggest flops belonged to Disney (NYSE:DIS), Viacom (NASDAQ:VIA) (NASDAQ:VIAB) and Lions Gate Entertainment (NYSE:LGF.A). Click through the presentation below to get the details on the year’s five biggest film flops and to learn what last year’s movie misfires mean for the companies involved.
live stock quotes: Towerstream Corporation(TWER)
- [By Lisa Levin]
Towerstream Corporation (NASDAQ: TWER) shares were also up, gaining 9 percent to $3.49. Towerstream is scheduled to report Q2 financial results on August 9, 2016.
live stock quotes: Check Point Software Technologies Ltd.(CHKP)
- [By Harsh Chauhan]
But is it a good idea to buy FireEye based on this one incident, despite its huge losses, or should investors look at Check Point Software Technologies(NASDAQ:CHKP), given its focus on growing its bottom line? Let’s find out.
- [By Jayson Derrick]
It is unclear which company or companies will benefit from this executive order. But that isn’t stopping investors from placing their bets as most cybersecurity stocks were trading higher during Friday’s trading session; at the same time, the Dow Jones Industrial Average and S&P 500 index were trading in the red.
Shares of Barracuda Networks Inc (NYSE: CUDA) were trading higher by 2.98 percent at $21.77. Shares of Check Point Software Technologies Ltd. (NASDAQ: CHKP) were trading higher by 1.21 percent at $107.00. Shares of FireEye Inc (NASDAQ: FEYE) were trading higher by 0.70 percent at $14.55. Shares of Palo Alto Networks Inc (NYSE: PANW) were trading higher by 0.62 percent at $115.86.
- [By WWW.THESTREET.COM]
Turning Around Cybersecurity Through Activism
As competition climbs and spending slows, security has attracted activists. (FEYE) (IMPV) (FTNT) (CHKP) Full story
live stock quotes: FEI Company(FEIC)
- [By Lisa Levin]
FEI Company (NASDAQ: FEIC) shares were also up, gaining 14 percent to $108.00 as the company agreed to be acquired by Thermo Fisher Scientific Inc. (NYSE: TMO) for $4.2 billion.
live stock quotes: UNIVERSAL INSURANCE HOLDINGS INC(UVE)
- [By Jim Robertson]
Small cap Florida insurance stock Universal Insurance Holdings (NYSE: UVE) has taken a hit with shares downalmost 17%over the past week on predictions that Hurricane Irma would hit Florida albeit sharesrose 8.51%on Friday when it became clear that it would not be as catastrophic as feared:
live stock quotes: Palo Alto Networks, Inc.(PANW)
- [By Peter Graham]
A long term performance chart shows Barracuda Networks peaking in 2015 before drifting into underperformance and then back up againwhile mid cap Fortinet Inc (NASDAQ: FTNT) and large cap Palo Alto Networks Inc (NYSE: PANW) also peaked in 2015 and bounced back a bit last year:
- [By Lisa Levin]
Palo Alto Networks Inc (NYSE: PANW) was down, falling around 23 percent to $116.87. Palo Alto posted upbeat Q2 earnings, but sales missed expectations. The company also issued a weak forecast for the current quarter. JP Morgan downgraded Palo Alto from Overweight to Neutral, while Baird downgraded the stock from Outperform to Neutral.
- [By Peter Graham]
This can’t be good for a lot of those smaller less proven cyber security firms out there, including high profile names over the last few years like Palo Alto Networks (PANW), who got pummeled back in March on soft numbers.
- [By Chris Lange]
Palo Alto Networks Inc. (NYSE: PANW) is set to report its most recent results on Monday. The analysts consensus estimates call for earnings per share (EPS) of $0.53 and $400.2 million in revenue. Shares were changing hands at $161.35on Friday. The consensus price target is $180.89, and the 52-week trading range is $111.09 to $194.73.