Ontario’s provincial police service is trumpeting summer and fall seizures of illicit cannabis plants in Canada’s most populated province, highlighting large seizures of marijuana from “52 large-volume illegal operations” between July 1 and Oct. 15.
Solomon Israel
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Canadian cannabis sales grow to nearly CA$245 million in August
Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2.9 billion....
Canada’s Vivo Cannabis cuts jobs in push for positive cash flow
Toronto-based producer Vivo Cannabis is cutting 18% of its workforce, selling unspecified assets and tweaking its leadership team as part of an effort to cut costs and achieve positive cash flow.
Week in Review: California cannabis designations, Supreme Court loss, union victories & more
A new state law lets California’s outdoor marijuana growers claim a wine-like “appellation of origin” for their sun-and-soil-grown crops.
California outdoor producers told Marijuana Business Daily they hope the law will help them distinguish their outdoor products from the competition.
Alberta lifting retail cannabis store cap in November
Alberta's government is lifting the cap on the number of retail cannabis store licenses that can be held by a single person or group of people. Currently, a person or a group can hold no more than 15% of the total number of retail stores in...
Analysis highlights lack of diversity in Canada’s legal cannabis industry
Leadership positions in Canada’s regulated marijuana sector continue to be held predominantly by white males, according to a statistical analysis released this week.
Sunniva, CA$58 million in debt, granted initial creditor protection
Sunniva has received an initial creditor-protection order from the Supreme Court of British Columbia as the Vancouver-based marijuana firm pursues restructuring. The cross-border firm made the announcement in a news release on Monday, joining a number of troubled...
Canada’s race for low-cost legal marijuana reaches derivative ‘Cannabis 2.0’ products
Low-priced cannabis has changed the face of Canada’s regulated marijuana industry over the past year, with many producers launching value-flower brands at competitive prices.
Maine’s recreational cannabis retailers sell nearly $100,000 on opening day
Adult-use marijuana retailers in Maine sold $94,643.38 worth of product on Oct. 9, the first day of legal sales in the state, according to preliminary figures released by the state’s Office of Marijuana Policy (OMP).
Maine launches recreational cannabis market amid supply setbacks, pandemic
Maine became the 10th state to launch legal recreational marijuana sales on Friday, when socially distanced shoppers lined up at a handful of new cannabis retailers. Limited product availability and relatively high prices marked the debut of Maine's regulated...
Marijuana firm iAnthus gets Canadian court approval for restructuring plan
A British Columbia court has approved a revised restructuring plan for iAnthus Capital Holdings, a week after declining to sign off on a previous plan. In reasons for judgment issued Monday, Supreme Court of British Columbia Justice Geoffrey...
Stem Holdings to acquire delivery firm in CA$41M all-stock marijuana deal
Florida-based marijuana grower and retailer Stem Holdings signed a deal to acquire California-headquartered cannabis delivery company Driven Deliveries, creating what Stem calls "the first vertically integrated cannabis company with an integrated Delivery as a Service...
