Canadian Medical Marijuana & Cannabis Industry News


Saskatchewan accepting cannabis store applications for small communities

Saskatchewan’s Liquor and Gaming Authority (SLGA) is accepting cannabis retail store permit applications for communities with fewer than 2,500 people. The province – with a population of 1.1 million – has 43 stores so far. At this time, the SLGA is not accepting applications for stores in communities with more than 2,500 people. Saskatchewan is […]

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German imports of medical cannabis show little growth in early 2020

Germany imported 1,032 kilograms (2,275 pounds) of medical cannabis flower for pharmacy dispensing through March 6, an amount that indicates little if any growth versus the average cannabis imported in 2019 over an equivalent amount of time. In 2019, a total of 6,500 kilograms was imported for pharmacy dispensing, which translates into an average of […]

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Canadian bank slashes cannabis sales forecast to CA$2.5 billion for 2020

One of Canada’s largest banks trimmed almost a billion dollars off its 2020 forecast for adult-use cannabis sales, mostly because of issues arising from a slow rollout of regulated stores in key provincial markets as well as locations shuttered because of the COVID-19 pandemic. CIBC Capital Markets, the investment banking subsidiary of the Canadian Imperial Bank […]

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Sundial recalls 30,000 cannabis pre-roll units in three provinces

Canadian cannabis producer Sundial Growers is recalling one lot of cannabis sold by retailers in British Columbia, Alberta and Manitoba for incorrect labeling. The recalled products – identified as Top Leaf Strawberry Cream dried cannabis pre-rolls – were sold from March 13 to March 24. Some 30,576 units were sold, according to the Health Canada […]

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Marijuana Business Daily launches virtual event series for MJ execs

Marijuana Business Daily is debuting a virtual event series, MJBizDaily Direct, designed to offer industry executives and investors cannabis-focused content in a digital format during the coronavirus pandemic and beyond. The first events in this series will be MJBizConNEXT Direct and Hemp Industry Daily Conference Direct. The virtual conferences will run June 29-July 1, 2020, on […]

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Regulators temporarily halt trading of marijuana firm iAnthus’ stock

Canadian securities regulators halted the trading of iAnthus stock for nearly four hours Wednesday as they sought information from the multistate cannabis operator about reports related to its difficult financial situation. In a news release, New York-based iAnthus attributed the trading suspension on the Canadian Securities Exchange to a request for information about online “speculative” […]

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Deal between Clever Leaves, Canopy could be template for other cannabis firms

The Latin American subsidiary of Ontario-based Canopy Growth inked a supply deal with Clever Leaves in Colombia, mere days after the Canadian cannabis company announced a major pullback of its international cultivation strategy. Canopy’s deal with Clever Leaves, an international medical cannabis company with its main operations in Colombia, could provide a template for other marijuana  firms looking to […]

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Canada’s pre-pandemic recreational cannabis sales stagnate in February

Canada’s adult-use cannabis sales fell to just under CA$150 million ($105.7 million) in February, the last full month of purchases before the COVID-19 crisis slammed the global economy. Eight of the 13 provinces and territories experienced lower sales in the month, according to the latest Statistics Canada data, but most of the decreases were within […]

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Cannabis producer CannTrust to be delisted from NYSE on April 27

The New York Stock Exchange has informed the U.S. Securities and Exchange Commission that it intends to delist the shares of beleaguered Canadian cannabis producer CannTrust on April 27, according to a public notification filed by the exchange. The April 27 date, first reported by New Cannabis Ventures, is almost two weeks ahead of the […]

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