Canada’s federal health department will no longer be releasing cannabis industry data on a monthly basis, a spokesperson for Health Canada told Marijuana Business Daily, citing priorities related to the ongoing pandemic. “We are working in prioritization mode in order to ensure that information most vital to the wellbeing and safety of Canadians is being […]
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Here’s how much legal cannabis is being sold in Canada’s biggest cities
Toronto might boast the most legal cannabis sales of any Canadian city, but its residents lag far behind those in Calgary and even Quebec City when it comes to per-capita spending on recreational products. Data from Canada’s federal statisticians offers early insights into how much legal cannabis is being sold in some of the country’s […]
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Vancouver last in per-capita legal cannabis spending among major Canadian metro areas
Vancouver, British Columbia, experienced the lowest per-capita spending on legal adult-use cannabis products among Canadian cities last year, according to data from Statistics Canada, indicating the city has a long way to go before regulated storefronts are competitive with the entrenched illicit market. Spending on legal marijuana in Vancouver’s census metropolitan areas totaled 105.6 million […]
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Cannabis sales in Quebec border city collapse after province hikes age requirement
Cannabis store sales plunged in the Quebec border city of Gatineau after the province raised the legal age for buying marijuana from 18 to 21 in January 2020, according to an analysis of data provided by Statistics Canada. Sales in Gatineau reached an all-time high of 1.83 million Canadian dollars ($1.4 million) in December 2019. […]
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Cannabis producer Zenabis reports CA$70 million loss for 2020
British Columbia-based cannabis producer Zenabis Global reported a net loss of 70.5 million Canadian dollars ($56.3 million) for 2020, an improvement over the previous year’s CA$127 million loss. Net loss from continuing operations was CA$54.9 million, while the loss from discontinued operations was CA$15.6 million, according to the company’s year-end financial statements. Interest expenses amounted […]
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Australian cannabis sales to surpass $150 million in 2021
Australia’s medical marijuana sales could surpass 200 million Australian dollars ($152 million) this year, a twofold increase over 2020, fueled by growing patient numbers and better product selection, according to a new forecast by data firm FreshLeaf Analytics. The North Sydney-based company said Australia is still “heavily dependent” on Canada and Europe for imports of […]
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British Columbia to consult businesses on farm-gate cannabis sales
British Columbia’s Liquor and Cannabis Regulation Branch is planning to consult industry members and the public on farm-gate marijuana sales ahead of a projected launch of the program next year, a spokesperson for the province told Marijuana Business Daily. “The Liquor and Cannabis Regulation Branch (LCRB) is responsible for this program and anticipates undertaking stakeholder […]
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British Columbia urges ‘rethink’ of Canada’s medical cannabis program, citing diversion to illicit market
British Columbia is pressing Canada’s federal government to revamp the country’s home medical cannabis cultivation program, calling some instances of authorized home production a significant source for the illegal market. “We know the program allows patients to produce their medicine at a lower cost than they can buy it, but we also know there is […]
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Quebec government raises expected cannabis dividend to CA$88 million
The monopoly cannabis retailer in Quebec expects to contribute 88 million Canadian dollars ($70 million) to provincial coffers in the upcoming 2021-22 fiscal year, according to the newly released provincial budget. The government-owned and -operated Société québécoise du cannabis (SQDC) previously expected to contribute CA$71 million to provincial coffers. Quebec also expects the SQDC will […]
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‘Cannabis 2.0’ products dent Canada’s dried-flower market
Dried flower’s overall share of the regulated adult-use cannabis market in Canada waned throughout 2020 as competition from new product categories steadily increased, the latest data from Statistics Canada shows. Dried flower still dominated the market overall, however. In the final three months of 2019, dried flower accounted for nearly 90% of all adult-use marijuana […]
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Ontario, Alberta lead Canadian cannabis sales drop in January
Retail sales of adult-use cannabis products in Canada declined to 282.8 million Canadian dollars ($225 million) in January, 5.6% lower than a month earlier, according to the latest Statistics Canada data. Sales fell in every province and territory. Alberta and Ontario saw the biggest declines on a dollar basis. Consumers in Alberta purchased CA$58.4 million […]
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New Brunswick won’t privatize recreational cannabis sales
New Brunswick discontinued its request for proposal (RFP) process for the privatization of recreational cannabis sales, meaning the province will retain the government-owned and -operated store model through Cannabis NB. New Brunswick requested proposals in 2019 for a single operator to run its cannabis retail system. However the move was met with skepticism, with opponents […]
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