Retail prices for Canadian recreational cannabis products fell across the board in 2021, as retailers and producers sold them for less to entice price-sensitive consumers and capture market share.
More research saying cannabinoids might protect human cells from COVID-19 was released this week by scientists in Ontario, Canada, who work with synthetic CBD.
California cannabis operators cheered when Gov. Gavin Newsom pledged to overhaul the state’s tax structure to shore up the troubled industry.
While the proposal is short on details, reducing state tax burdens could be an immediate boost to a company’s bottom line.
Analysts are skeptical about plans outlined by Canadian marijuana producer Hexo Corp. to slash manufacturing and production costs and sell some noncore assets as the Quebec company looks to turn itself around after years of losses.
Canadian marijuana producer Cronos Group promoted John Griese, former chief operating officer of The Supreme Cannabis Co., as senior vice president, head of North American operations.
IMC Holdings, the Israeli subsidiary of IM Cannabis Corp., hired Rinat Efrima as its new chief executive officer, the company announced.
The second-biggest adult-use cannabis market in Canada, the province of Quebec, is now requiring proof of vaccination for the COVID-19 virus for entry into any of its regulated marijuana stores.