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Yukon plans to sell cannabis at government-run stores (for now)

Recreational marijuana will be sold at government-run stores to anyone 19 or older under Yukon’s detailed proposal, meaning there will be no retail opportunities for private businesses there in the near-term. The territory says it aims to develop regulations to license private cannabis retail down the road, though it didn’t specify a timeline. Consumption will […]

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Canadian cannabis producers brace for entry of alcohol, tobacco firms

Three-quarters of Canadian cannabis producers expect big tobacco, pharmaceutical and alcohol companies to muscle their way into the marijuana sector over the next three years. Recognizing there is substantial opportunity in the cannabis sector, established industries are expected to enter the space, such as Constellation Brands’ recent stake purchase of Canopy Growth, according to a survey by EY […]

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TerrAscend announces CA$52 million financing, Canopy partnership

A Mississauga, Ontario-based medical marijuana company is taking steps to raise 50 million Canadian dollars ($40 million) through a private placement of its securities to expand its existing facility and pursue strategic pharmaceutical assets. TerrAscend – traded on the Canadian Securities Exchange under the symbol TER – said in a news release that it entered […]

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Saskatchewan could open up cannabis sales to entrepreneurs

Saskatchewan doesn’t want to be in the business of owning retail marijuana outlets, according to its justice minister, suggesting more opportunities could be in store for entrepreneurs in the province. Justice Minister Don Morgan said Saskatchewan is leaning toward a private sales model, CBC News reported. Saskatchewan’s impending recreational marijuana industry could generate 250 million […]

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Newfoundland considers handing cannabis sales to private sector

Newfoundland and Labrador might allow privately owned stores to sell recreational marijuana, a move that would open up significant retail opportunities for entrepreneurs in the province. If the plan is approved, Newfoundland would become the first province east of Manitoba to give entrepreneurs a piece of the retail marijuana market. The Newfoundland and Labrador Liquor […]

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