British Columbia’s monthly share of the federal tax on cannabis rebounded 62% to 781,000 Canadian dollars ($600,000) for August after falling below CA$300,000 in July for only the second time since legalization. According to new data provided...
Matt Lamers
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Will Horgan deliver for cannabis sector in 2020? Experts offer policy ideas for British Columbia’s premier
British Columbia has thus far failed to transition much of the thriving noncompliant cannabis market into the regulated fold. The province’s dismal sales through legal channels reached only 12 million Canadian dollars ($9 million) in August,...
Cannabis captures beer market share in first year of Canadian legalization
The volume of beer sold in Canada declined 3% in the first 11 months of 2019 compared to the same period in 2018, according to new data from provincial alcohol boards and brewers. The figure underscores how recreational cannabis has captured some of the beer market -...
Analyst warns of shelved expansion, restructuring as cannabis firms ‘teeter on edge’
The number of Canadian cannabis producers with fewer than six months of cash on hand has increased over the past quarter, reflecting disappointing earnings and front-loaded capital expenditures, according to an analyst. Greg McLeish of the Toronto office of Mackie...
New Brunswick’s cannabis sales see slight improvement ahead of ‘system reset’
New Brunswick’s adult-use cannabis sales surpassed 26 million Canadian dollars ($20 million) for April 1-Dec. 1, 2019, according to recently released data on the province’s tenders portal. That means New Brunswick’s second-half sales (CA$17 million, not including...
Former Starbucks president takes Supreme Cannabis reins on interim basis
Supreme Cannabis Company has parted ways with another chief executive, with Navdeep Dhaliwal leaving the Toronto-based company effective immediately. Dhaliwal took over as CEO in September 2018. The board appointed its director, Colin Moore, a former Starbucks Canada...
Ontario’s cannabis processors, micros not barred from farm-gate retail
Ontario’s provincial cannabis law does not prohibit federally licensed processors and micro-class businesses from opening farm-gate stores, the Ministry of the Attorney General confirmed to Marijuana Business Daily.
Israel’s Canndoc signs deal with Tilray to import medical cannabis
Israel-based Canndoc has entered into an agreement to import 2.5 tons of medical cannabis into Israel to address the supply shortage in that country. The cannabis will originate from Canadian producer Tilray’s facility in Portugal, the company said in a news release....
Bermuda releases draft medical cannabis law and rules to ‘spark entrepreneurship’
Bermuda released the draft legislative blueprint to establish a domestic medical cannabis industry, which Attorney General Kathy Simmons said would create business opportunities for local enterprises and attract international investment. The government is inviting the...
Trinidad and Tobago’s proposed medical cannabis law advances
A proposed law to establish the legal footing for a medical marijuana industry in Trinidad and Tobago was referred to a parliamentary committee in early December after overcoming a key vote in the House of Representatives. The committee will consider and report on the...
Top 10 global cannabis stories of 2019: WHO backs rescheduling, Linton out at Canopy, Canadian firms eye US & more
Cannabis markets in Canada and elsewhere in the world went on a roller-coaster ride in 2019, as irrational expectations gave way to more realistic market assessments. Global medical marijuana markets, corporations and top executives experienced breakthroughs and...
Cannabis firm Hexo moves head office from Quebec to Ontario
Quebec’s largest federally licensed cannabis producer has moved its corporate head office from Gatineau, Quebec, to its existing office in Ottawa, Ontario.
