As we are sure you have noticed, the market in cannabis is strained.
Gone are the days of raising on multiples of forward-looking earnings and limitless capital inflows. The easy days in capital raising are, for the time being, behind us.
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European Commission proposes unified EU vote on WHO cannabis scheduling recommendations
In advance of the March session of the United Nations Commission on Narcotic Drugs (CND), the European Union’s executive branch has proposed that EU member nations vote in favor of three of the six World Health Organization (WHO) cannabis scheduling recommendations. The European Commission “Proposal for a Council Decision” is meaningful because – if adopted by […]
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Think you may have to lay off cannabis employees? There are ways to avoid it
Marijuana businesses in the United States and Canada were forced to let go hundreds of cannabis employees in 2019. Here are some steps to avoid layoffs.
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British Columbia cannabis tax revenue set to soar, adding to pressure for local revenue-sharing deal
British Columbia’s monthly share of the federal tax on cannabis rebounded 62% to 781,000 Canadian dollars ($600,000) for August after falling below CA$300,000 in July for only the second time since legalization. According to new data provided by the province, B.C. received CA$7.2 million in shared tax revenue from Ottawa between October 2018 and August […]
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New medical cannabis sales opportunities in Peru face downward price pressure after winning company’s very low bid
The price offered by the winner of the first bidding process to supply medical cannabis in Peru came in well below that of other applicants, setting a precedent for the market’s future and possibly limiting the revenue opportunities for other suppliers. According to government documentation obtained by Marijuana Business Daily, Oregon-based Anden Naturals won the government’s supply […]
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Will Horgan deliver for cannabis sector in 2020? Experts offer policy ideas for British Columbia’s premier
British Columbia has thus far failed to transition much of the thriving noncompliant cannabis market into the regulated fold. The province’s dismal sales through legal channels reached only 12 million Canadian dollars ($9 million) in August, suggesting something is not quite right with the province’s approach to cannabis policy. Indeed, while British Columbia has opened the […]
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Cannabis captures beer market share in first year of Canadian legalization
The volume of beer sold in Canada declined 3% in the first 11 months of 2019 compared to the same period in 2018, according to new data from provincial alcohol boards and brewers. The figure underscores how recreational cannabis has captured some of the beer market – and validates concerns among Canadian brewers who long […]
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Ontario’s cannabis processors, micros not barred from farm-gate retail
Ontario’s provincial cannabis law does not prohibit federally licensed cannabis processors and micro-class businesses from opening farm-gate stores, the Ministry of the Attorney General confirmed to Marijuana Business Daily. However, standard processors will still need to sell and repurchase their product via the provincial wholesaler before it can be sold in their stores. The province’s 2018 […]
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Business can expect new markets, fresh opportunities - and more pitfalls.