Canadian cannabis companies, trends, and data
The United Nations Conference on Trade and Development (UNCTAD) released a special report on industrial hemp, including a focus on how developing economies can “exploit its economic and social potential.”
Cannabis retail is becoming increasingly experiential around the country with today’s consumers expecting top-tier, thoughtfully designed stores that showcase a brand’s unique identity.
The government of the Canadian province of Newfoundland and Labrador has reversed its late-2019 ban on sales of cannabis vape products while retaining a restriction on added non-cannabis flavors.
Cannabis producer Organigram Holdings said its sales soared in the fourth quarter and for the year ended Aug. 31, rising to 45.5 million Canadian dollars ($33.5 million) and $145.8 million, respectively.
The Molson Coors Beverage Co. is getting out of the CBD drink business in the United States and ending its U.S. Truss joint venture with Canadian cannabis producer Hexo Corp. as of Dec. 31.
Canada’s regulated medical cannabis market has dwindled significantly from its peak, declining well before recreational marijuana legalization in October 2018 and continuing that downward trend as adult-use sales displaced purchases through regulated medical channels.
Monthly Canadian sales of legal adult-use cannabis barely increased between August and September, totaling 389.9 million Canadian dollars ($291 million).
