The Ontario Cannabis Store said Tuesday it is conducting âa holistic reviewâ of its approach to pricing – including the markup it imposes on private marijuana business – after MJBizDaily estimated the government-owned wholesaler is the most profitable cannabis business in Canada.
Adult-use cannabis sales jumped sharply in July as Canadians stocked up for summer, new data from Statistics Canada suggests.
Aurora Cannabis reported another significant quarterly and annual loss, but the Alberta-based marijuana producer said it’s on track to report a profit next year on the back of strong growth in the European medical market.
The Canadian government on Thursday is set to unveil the first steps for the long-delayed review of its cannabis legislation.
Edmonton, Alberta-based Aurora Cannabis has been deleted from the S&P/TSX Composite Index, according to the latest quarterly review announced by S&P Dow Jones Indices.
The most profitable cannabis businesses in Canada are owned by various levels of government, according to MJBizDaily research.
Canadian cannabis retailer Fire & Flower reported a loss of 21.6 million Canadian dollars ($16 million) on plunging sales for the quarter ended July 30, 2022.
Cannabis retailer High Tide reported third-quarter revenue of 95.4 million Canadian dollars ($71.8 million), nearly double the company’s take for the same period last year.
Crippling service disruptions at two of Canadaâs biggest government-run cannabis wholesalers in August do not appear to have meaningfully impacted the broader market, interim data for the month suggests.
The Canadian government is delaying the launch of the mandatory review of the countryâs 2018 recreational cannabis law because of the death of Queen Elizabeth II, sources told MJBizDaily.
Germany imported a record amount of cannabis for medical sales and scientific use in the first half of this year, putting the European Unionâs biggest market on pace to match or possibly surpass 2021âs total.
German government officials are questioning the veracity of some key facts in a recent news release by cannabis producer Tilray Brands, telling MJBizDaily their meeting with Tilray representatives was âa one-time conversationâ and ânot part of the preparatory phaseâ of marijuana legalization.
