Canadian sales of recreational cannabis rose to 448.6 million Canadian dollars in October ($336 million), marking a small increase from the previous month and a 15% increase over the same period last year.
Matt Lamers
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Cannabis pop-up stores coming to Alberta trade shows, festivals
The Canadian province of Alberta is revamping its regulations to allow cannabis retailers to operate temporary stores at age-gated events such as trade shows and festivals starting next year.
Cannabis producer Organigram reports CA$248 million loss, massive excise bill
Canadian cannabis producer Organigram reported a loss of 248.6 million Canadian dollars ($185 million)Â in the 2023 fiscal year, postponed its free cash flow guidance and appointed a permanent chief financial officer.
Cannabis producer Canopy sells skin care unit to Inspirit Capital for CA$15.9MÂ
Cannabis producer Canopy Growth has completed the sale of its This Works skin care and wellness unit to United Kingdom-based Inspirit Capital for 9.3 million pounds (15.9 million Canadian dollars).
Cannabis firm Canopy Growth set to consolidate shares
Canopy Growth Corp. is set to become the latest cannabis producer to consolidate its shares to maintain its listing on the Nasdaq exchange.
Israeli cannabis patients surge, but new rules face delay
The number of new medical cannabis patients in Israel surged in November, according to the latest available data from the Ministry of Health.
Landmark Netherlands cannabis experiment set to begin this week
The Netherlands’ cannabis cultivation and distribution experiment is set to kick off Friday in what executives are calling a milestone for the industry in Europe – even though the supply-chain trial is starting years later than originally planned.
Why was the Ontario Cannabis Store sitting on a CA$500 million cash stockpile?
Ontario’s government-owned marijuana wholesaler was sitting on more than 500 million Canadian dollars ($367 million) in cash earlier this year, but officials have declined to spell out why the Ontario Cannabis Store held on to that much money rather than remit some of it back to the provincial government earlier.
Canadian province plans cannabis testing program to tackle THC inflation
Government-owned marijuana wholesaler Ontario Cannabis Store is planning to undertake a temporary testing program to address THC inflation, according to a recent email sent to licensed producers and obtained by MJBizDaily.
Australia exported 1,510 kilograms of cannabis in 2022, rare data shows
Australian cannabis production and exports inched higher in 2022 on the back of consistent industry growth, according to new data published by the country’s Office of Drug Control.
Cannabis producer BZAM acquiring Final Bell Canada
Canadian cannabis producer BZAM entered into a definitive agreement to acquire Final Bell Canada from Final Bell Holdings International in an all-stock transaction, the companies announced Wednesday.
Vote on Germany’s cannabis law delayed until 2024
Germany’s parliament won’t have an opportunity to put the first phase of the country’s pending cannabis legislation to a vote this year.
