Guam, a U.S. territory, reminded businesses and consumers that recreational cannabis sales remain prohibited until the new rules to govern the industry are completed.
Matt Lamers
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After slow start, Canada’s recreational marijuana sales reach new high
Adult-use cannabis sales through regulated channels in Canada reached a new high in June after meandering for much of the first half-year of legalization, according to the latest, seasonally adjusted data from Statistics Canada. Sales of regulated adult-use cannabis...
Ontario planning to allocate cannabis store permits ‘based on market demand’
Regulators in Canada’s largest cannabis market are working to return to the current government’s original plan of allocating adult-use marijuana store licenses based on market demand, a move that would unlock significant opportunities for the province’s marijuana entrepreneurs.
Ontario releases results of cannabis store draw in what may be province’s last lottery
Canada’s largest marijuana market is poised to see a boost in the number of stores serving its adult-use consumers – now that Ontario has doled out more retail business licenses – but experts say the market will remain “significantly underserved” even after the new outlets open.
Sources: Lesotho’s draft cannabis regulations to be ‘grandfathered in,’ giving existing firms an edge over new entrants
Sweeping changes to Lesotho’s cannabis regulations are set to go into effect later this year and are expected to be grandfathered in, meaning existing businesses will be exempted from the most burdensome parts of the new rules, according to government and industry...
Jamaica seeks cannabis seed-to-sale software; 40 licenses ‘issued’
Jamaica has launched an international competitive bidding process to identify a qualified organization to provide seed-to-sale tracking software for the country’s regulated marijuana industry.
Barbados latest Caribbean country to propose sweeping medical cannabis law
A law was introduced in the Barbados House of Assembly to establish the legal foundation for a local medical marijuana industry. If the law is adopted, Barbados will join other Caribbean countries Jamaica, Saint Vincent and the Grenadines as well as Antigua and...
Barbados procuring medical cannabis for first imports in April
The Barbados Drug Service is inviting companies to submit applications to supply the nation with approved medical cannabinoid products starting April 2020 and lasting through March 31, 2022. The requested products are not legally available in the eastern Caribbean...
Marijuana giant Canopy’s revenues soar, but losses widen
The world's largest marijuana company, Canopy Growth, on Wednesday reported improved revenue in its latest quarter, but its losses widened substantially from the same period a year ago. Smiths Falls, Ontario-based Canopy saw revenue rise 250%...
If cannabis firms do things right, entire industry profits: Q&A with ex-Canadian PM Kim Campbell
As the first country to regulate cannabis at a federal level, Canada has an opportunity to be the leading force in setting standards for other nations to follow, according to former Canadian Prime Minister Kim Campbell.
CannTrust stock drops 30% after second facility breaches marijuana regulations
Besieged Canadian cannabis grower CannTrust was notified that a facility was recently deemed noncompliant with a host of federal cannabis regulations - the second significant breach at its facilities in just over a month. The company said it accepted Health Canada's...
‘Massive, unsustainable’ value gap between Canadian, US cannabis firms, analyst notes
Marijuana companies focused on the United States face "massive and unsustainable" valuation discounts relative to their Canadian counterparts, according to a new report. As of this week, companies with an operational focus on the United States are trading at about 13...
