Approximately 450 cannabis stores applications were filed in Ontario on March 2 – the first day Retail Store Authorization (RSA) submissions were accepted under the province’s new open-market process.
Matt Lamers
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UK eases import restrictions for medical cannabis
The United Kingdom is easing import restrictions for medical cannabis, a move that is expected to improve the dismal numbers the market has seen to date. Licensed wholesalers of medical marijuana are now able to import larger quantities of cannabis-based products and...
International and bulk cannabis sales punish Tilray’s bottom line
Cannabis producer Tilray became the latest Canadian marijuana company to report earnings well below market expectations. The British Columbia-based company reported a net loss of $219 million for the quarter ending Dec. 31, worse than the previous period’s net loss of...
Ontario says portal for cannabis store applications operating ‘as planned’
The portal to submit applications for Retail Store Authorizations (RSAs) opened at the designated time Monday morning and “all is proceeding as planned,” according to a spokesperson for the Alcohol and Gaming Commission of Ontario (AGCO).
CannTrust’s low stock price prompts another NYSE warning
Beleaguered Canadian cannabis producer CannTrust has been notified by the New York Stock Exchange that it is once again not compliant with listing rules because of its low stock price.
Alberta to introduce tax on cannabis vape products
Alberta is set to join British Columbia in slapping a new tax on vaping liquids and devices, including adult-use cannabis. Last month, British Columbia imposed a 20% sales tax on liquid cannabis vaping products. Vaporizers used for dry cannabis were exempted. Details...
Ontario nears 800 cannabis Retail Operator License applications
Since Ontario started accepting open market applications on Jan. 6, just under 800 Retail Operator License submissions have been filed for adult-use cannabis stores, as the province looks to get its fledgling marijuana industry on track.
Deadline looms for Guam’s recreational cannabis rules
Guam’s Cannabis Control Board is preparing a public hearings schedule to discuss draft regulations to govern the territory’s adult-use marijuana industry.
Australian firm signs binding cannabis supply deal with Germany’s Demecan
Perth, Australia-based Little Green Pharma has signed a binding three-year supply deal with German medicinal cannabis company Demecan. The purchase agreement with Demecan is for any combination of 1,000 kilograms (2,200 pounds) of dried flower or 48,000 units of...
Australia claims it has enough cannabis flower to meet demand, but industry says otherwise
The amount of medical cannabis flower Australian companies are authorized to produce exceeds current and anticipated future domestic demand, federal health authorities said in a document, adding that any “depiction of the situation as a shortage is not accurate.”
Alberta cannabis cultivators eligible for agriculture grants
Cannabis producers and processors in Alberta, Canada, might be able to access a suite of cost-sharing programs through the Canadian Agricultural Partnership (CAP), a joint federal-provincial initiative, if they meet eligibility requirements.
Canadian beer sales continue slide in face of rising cannabis sector
The Canadian beer market suffered its biggest decline in years in 2019 as competition increased from other beverage categories and an expanding cannabis industry. Sales volume of domestic and imported beer fell 3% last year from 2018, the steepest decline in at least...
