(This story has been corrected to note that 6 of Spade opened its doors Aug. 20.) The Canadian province of Ontario, the country’s biggest market with a population of nearly 14.8 million people, now has at least 1,000 licensed cannabis stores. The government-owned Ontario Cannabis Store (OCS), the monopoly wholesaler to those stores, said in […]
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Cannabis producer Tilray shutting ‘flagship’ facility in Nanaimo
Marijuana producer Tilray Inc. is shutting down a “‘flagship” facility in Nanaimo, British Columbia, as part of the company’s plan to save money following its merger with Aphria, the company confirmed in an email to MJBizDaily. “Tilray will be closing its office and facility in Nanaimo, BC. With the recent business combination with Aphria, Tilray […]
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Canada’s Cannabis Act is leaving Indigenous entrepreneurs behind, critics say
The Assembly of First Nations is calling on Canada’s federal government to remove regulatory barriers it says are excluding Indigenous entrepreneurs from participating in the expanding adult-use marijuana industry. The national advocacy group’s assertion – made in an interview with MJBizDaily and in its 2021 “Federal Priorities” document – seems to be borne out in […]
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Is cannabis legalization on horizon in Germany? Not so fast, experts say
Canadian cannabis industry executives are paying close attention to Germany’s upcoming election, where pro-cannabis parties are in a good position to unseat the political union that has long opposed any form of recreational legalization. However, experts are pouring cold water on any expectations of meaningful cannabis reform in the near future, as questions remain over […]
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Canopy Growth to offer CBD vapes for sale in Circle K stores
Canadian cannabis producer Canopy Growth Corp. is entering the CBD vape market and will distribute the products exclusively at Circle K locations in the U.S. The deal announced Tuesday places Canopy’s new Whisl line of CBD vapes at more than 3,000 locations across the United States beginning Oct. 1. The CBD is made from U.S.-grown […]
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Cannabis software firm Akerna inks $17 million acquisition
Denver-based cannabis technology company Akerna signed an agreement to acquire a marijuana business management software firm for $17 million in cash and stock. Akerna will pay $4 million in cash and $13 million in stock to acquire 365 Cannabis with a potential earnout of $8 million, according to a news release. The $17 million acquisition […]
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Cannabis food company gets initial creditor protection order in Canada
Plus Products, a marijuana and hemp foods company, received an initial creditor protection order from a Canadian court as it attempts to restructure its business. Plus is based in San Mateo, California, but maintains a head office in Vancouver, British Columbia, and its shares trade as PLUS on the Canadian Securities Exchange. The initial court […]
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