Hundreds of cannabis retailers in British Columbia are no longer required to block the windows of their respective stores from outside viewing.
Matt Lamers
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Canadian cannabis sales rebound in March to CA$405.5 million
Consumer sales of recreational cannabis products rose in every Canadian province in March 2023, according to newly released data by Statistics Canada.
Canada’s tax agency getting more aggressive with cannabis excise debts
The Canadian federal government’s revenue service is ramping up pressure on cannabis producers with outstanding excise debt, MJBizDaily has learned, adding more pressure on companies that already are struggling financially.
Canadian cannabinoid firm MediPharm slashing 30% of workforce
Barrie, Ontario-based cannabinoid company MediPharm Labs said it is cutting its workforce by approximately 30% after the company reported negative first-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 3.1 million Canadian dollars ($2.3 million).
Canada gov’t pulled in CA$1.5 billion in marijuana tax, profit in 2021-22
Various levels of the Canadian government collected more than 1.5 billion Canadian dollars ($1.12 billion) in cannabis profit and tax revenue in fiscal 2021-22, according to recently released data by Statistics Canada.
Jamaica’s JMCC makes deeper EU push with cannabis purchase in Malta
Jamaican Medical Cannabis Corp. (JMCC), a Toronto- and Jamaica-based business, has acquired the EU-GMP-certified medical cannabis production facility and other assets in Malta of Materia Ventures, a European-focused supply and distribution company for cannabis and CBD products.
Cannabis producer Canopy Growth to refile financial statements
Canadian cannabis producer Canopy Growth Corp. plans to refile some of its financial statements for the fiscal year ended March 31, 2022.
Ontario Cannabis Store launches Social Impact Fund
The Ontario Cannabis Store has launched a Social Impact Fund to address some of the outstanding issues in the industry associated with environmental sustainability and diversity, among other things.
Details emerge about Germany’s ultra-regulated recreational cannabis clubs
The German government is preparing a draft law that would highly regulate so-called cannabis clubs – associations that would not produce profits – potentially leaving very little room for making money for even ancillary businesses.
Failure to launch: What happened to Canada’s ‘cannabis strategy table?’
A proposed cannabis “strategy table” appears to be stuck in bureaucratic and political gridlock in Canada’s capital, more than a year after it was first announced.
Cannabis producer Tilray makes US list of largest craft brewers
Cannabis and alcohol company Tilray Brands has made a widely followed list of the largest craft brewers in the United States, an apparent first for the nation’s multibillion-dollar craft brewing industry.
Australia’s medical cannabis sales might surpass Canada’s in near future
Australia’s medical cannabis industry continues to experience brisk growth in patients and sales, and experts say the market could even surpass Canada’s medical sector this year.
