Canadian recreational cannabis sales fall for second straight month
Consumer sales of recreational cannabis products in November 2022 fell in almost every Canadian province and major city, according to newly released data by Statistics Canada.
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Consumer sales of recreational cannabis products in November 2022 fell in almost every Canadian province and major city, according to newly released data by Statistics Canada.
U.S. Virgin Islands Gov. Albert Bryan Jr. signed a comprehensive marijuana legalization bill into law this week, forming the legal foundation for the territory’s adult-use and medical cannabis industry.
Tilray Brands, a Canada-headquartered multinational marijuana, alcohol and pharmaceutical distribution company, is laying off roughly a quarter of its staff at its medical cannabis facility in Cantanhede, Portugal.
Publicly traded international medical cannabis company IM Cannabis Corp. is launching two non-brokered private placements to raise as much as $5.5 million.
A high-profile plan to open a first-in-the-world recreational cannabis store inside an airport terminal in Prince George, British Columbia, has been scrapped, apparently a victim of shifting economic conditions.
Canadian cannabis producer Organigram Holdings swung to profitability during the first quarter of its 2023 fiscal year with net income of 5.3 million Canadian dollars ($4 million) despite a quarter-over-quarter decline in revenue.
The government of British Columbia found overall support for adult-use marijuana consumption spaces among cannabis users and businesses in a 2022 public consultation – while nonusers and “some public health and safety organizations (and) local governments” expressed opposition.