International Marijuana Business News – Use to place on INTL homepage
The Ontario Cannabis Store, the monopoly wholesaler of adult-use marijuana in Canada’s most valuable market, suspended deliveries to stores after a cyberattack on the parent company of contractor Domain Logistics, which operates the OCS distribution center.
Canadian cannabis cultivators produced a record amount of marijuana during last fall’s “croptober” – when most of the outdoor harvest comes in – despite falling retail prices and already-bulging inventories.
Canopy Growth Corp. reported the worst quarterly loss in its history as the company’s “value” cannabis sales declined as part of its business transition to “premium” products.
New York-headquartered cannabis company Tilray Brands said its wellness division, Fresh Hemp Foods, signed a distribution deal with Southern Glazer’s Wine & Spirits.
Canadian licensed producers have destroyed a growing amount of cannabis every year since adult-use legalization nearly four years ago, with 2021’s record quantity far exceeding the product sold that year, an MJBizDaily analysis has found.
Significantly fewer cannabis consumers in the Canadian province of British Columbia report buying marijuana from unlicensed stores since legalization, according to a new survey.
Canadian labor organizers say unionization and strikes among cannabis retail employees are being driven by worker concerns including low pay and health and safety issues.
