Marijuana companies could face a tight labor market and rising wages as businesses in this fast-growing industry compete for skilled workers after legalization takes effect, according to a new salary survey by Cannabis at Work that analyzed 26 benchmark positions in the marijuana industry.
The small number of licensed cannabis producers in Manitoba has kept a lid on ancillary opportunities, but that hasn’t stopped them from leveraging the province’s benefits, including a business-friendly recreational marijuana framework and some of the cheapest electricity in North America.
A new report from accounting firm Deloitte predicts legal adult-use sales in Canada will reach CA$4.3 billion ($3.3 billion) in 2019. That’s on top of up to CA$1.79 billion in medical marijuana sales.
A bid by Conservative senators to stall Canada’s marijuana legalization was swatted down Monday, foreshadowing the bill’s approval when it is put to a vote later this week. Monday’s 50 to 29 vote to reject delaying the bill suggests the pending law has enough support in the upper chamber for approval Thursday.
Just one month after its enactment, Zimbabwe is hitting pause on its medical cannabis program to rectify multiple issues with the original law. The country’s MMJ program has been put on hold over compliance issues with various United Nations treaties as well as domestic accessibility issues
Entrepreneurs are tempering their once sky-high expectations to capitalize on Newfoundland’s regulated cannabis sector. The province is the only place east of Manitoba where privately owned businesses will be allowed to sell recreational cannabis, but they’re restricted to an 8% markup.
After years of keeping the sector at arm’s length, some of Canada’s largest financial institutions are warming to the cannabis industry, including Bank of Montreal (BMO), which initiated research coverage Monday evening. The bank’s entry into the medical cannabis sector is a sign of the industry’s natural evolution.
Canada’s largest medical cannabis companies are ponying up tens of millions of dollars to get a piece of Southern Africa’s burgeoning MMJ market. Some of the country’s largest players – including Canopy and Aphria – have announced deals in the region.
The number of applicants to cultivate cannabis in Canada rose 150% in the first quarter of 2018 as the industry ramps up for legalization late this summer.
The New York Stock Exchange listed its first cannabis cultivator today, marking a key milestone that analysts say makes the industry more accessible to institutional and retail investors – and could draw large American banks to the sector. In its debut, Canopy Growth ended the day down 6.66%, closing at $28.20.
With a potential patient count more than double Canada's, Colombia's medical marijuana market is quickly gaining recognition as a legitimate force in the global cannabis industry. The total market for patients with qualifying conditions in Colombia exceeds 5.5 million...
A measure to legalize recreational cannabis will be on the ballot in New Zealand in 2019 or 2020, a government official said this week. Lawmakers are deciding whether to hold a stand-alone referendum next year or concurrently with the country’s elections in 2020, according to Radio New Zealand.
