News | Business
2 Jul 2025 22:03
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Shares in two NZX-listed medicinal cannabis companies have taken a hit, in the wake of the cannabis referendum result

    Shares in two NZX-listed medicinal cannabis companies have taken a hit, in the wake of the cannabis referendum result


    Cannasouth shares dropped 17 per cent, while Rua Bioscience by three per cent.

    Director of Equities at Forsyth Barr, Rob Mercer, says it's unsettling for shareholders who've backed the companies for the right reasons.

    But he says we've seen in the past the market will settle down, and investors will see some kind of recovery.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     02 Jul: Prices for top-end butter are through the roof, with little recourse for shoppers
     02 Jul: Woolworths is recalling potentially plastic-infused mince, sold in its North Island stores
     02 Jul: The Commerce Commission's issued a warning to Foodstuffs North Island, over an alleged breach of the Grocery Supply Code
     02 Jul: Air New Zealand is adding 127-thousand seats to Christchurch for the Special Olympics
     01 Jul: New World is launching a reusable container trial in September
     01 Jul: The economy's inching closer to recovery - but hurdles persist
     01 Jul: Businesses still see hope on the horizon, but recovery still remains slower than expected
     Top Stories

    RUGBY RUGBY
    The Maori All Blacks are making some strategic adjustments as they prepare to host Scotland in Whangarei on Saturday More...


    BUSINESS BUSINESS
    Prices for top-end butter are through the roof, with little recourse for shoppers More...



     Today's News

    Law and Order:
    Police have charged 12 more people - over a large dangerous boy racer meet in Levin, over King's Birthday weekend 21:57

    Entertainment:
    Sir Rod Stewart came close to cancelling his Glastonbury performance 21:36

    Rugby:
    The Maori All Blacks are making some strategic adjustments as they prepare to host Scotland in Whangarei on Saturday 21:17

    International:
    Dalai Lama confirms his tradition will continue, ending doubts he could be the last 21:07

    Entertainment:
    Teddy Swims has become a dad 21:06

    Entertainment:
    Charlize Theron is on the celebrity dating app Raya - but it hasn't helped her to find love 20:36

    Entertainment:
    The Comeback has been renewed for a third season 20:06

    Environment:
    Understanding rainfall forecasts as southern NSW cops a drenching 19:47

    Entertainment:
    Jeremy Allen White has felt the "pressure" of playing Bruce Springsteen in Deliver Me From Nowhere 19:36

    Entertainment:
    Ryan Reynolds doesn't pay attention to his online critics 19:06


     News Search






    Power Search


    © 2025 New Zealand City Ltd