Article by Canopy Growth via NCV Newswire Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) has been monitoring the COVID-19 outbreak and paying close attention to the guidance given by public health bodies around the globe. Canopy Growth’s leadership team has made the decision to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada, effective at 5:00 ...
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Ont. and Que. Cannabis Distributors See Sales Spike Amid COVID-19
Article by Toronto Star Some provincial cannabis distributors are seeing Canadians stock up on pot products amid an outbreak of the novel coronavirus. Ontario Cannabis Store spokesperson Daffyd Roderick says the retailer received almost 3,000 orders on Saturday, an 80-per-cent increase over an average Saturday. Roderick says the last three days have brought an increase in the volume in sales ...
Read More »Ottawa Needs to Stop Ignoring Cannabis Entrepreneurs
Article by Jameson Berkow, Globe and Mail Less than half of 1 per cent. . In a country where 98 per cent of all businesses are small businesses, that is how much of Canada’s total licensed pot cultivation space is controlled by small businesses. The figure also represents a generous estimate for the level of attention federal policy makers gave ...
Read More »Global Stock Meltdown is a Disaster for Cannabis Industry Already on the Brink
Article by Kristine Owram, Growth Op For an industry that was already struggling to survive slumping stock prices and a virtual shutdown of capital markets, it’s hard to overstate the impact of the coronavirus-related market meltdown. Between the close of trading on Feb. 20 and Thursday, when many global stock markets were hit by once-in-a-generation declines, the BI Global Cannabis ...
Read More »How are Canadian Cannabis Companies Protecting Employees From COVID-19?
Article by Anisha Dhiman, Growth Op As health experts urge people to maintain social distancing, it remains to be seen how effectively Canadians can best practice this in the workplace. As far as federal legislation goes, there is no law in place that “requires employers to provide workers with paid sick leave and only two provinces — Quebec and Prince ...
Read More »Municipal Policy Seeks to Help Control Location of Cannabis Stores
Article by Michelle Ruby, Brantford Expositor A municipal policy meant to give the city some control over where retail cannabis stores can be located has been created. Councillors supported the policy this week at a community development committee meeting. It requires approval at an upcoming council meeting. After voting in January 2019 to temporarily “opt out” of allowing cannabis stores ...
Read More »N.W.T.’s Online Cannabis Store Lost $136K Last Year
Article by John Last, CBC News The Northwest Territories’s online cannabis store has seen only 604 users since legalization and lost $136,000 last fiscal year. It’s on track to lose the same amount or more in 2019-2020. That’s despite a 44 per cent markup on all products sold in the online store — a profit margin which guarantees its prices ...
Read More »Stigma Still Mars Cannabis Labour Market
Article by Emma Spears, Growth Op A poll by Goldbeck Recruiting Inc. indicates that stigma and personal bias may play bigger roles in the potential of the cannabis industry in Canada than previously thought. Results reflect input from 1,521 members of the Angus Reid Forum, an online public opinion community in which people across Canada answer surveys on various topics ...
Read More »New Cannabis Retail Application in South End May Be First to the Finish Line
Article by Kenneth Armstrong, Guelph Today A retail cannabis store proposed for a plaza at Edinburgh Road/Stone Road is currently in the public notice phase, making it further ahead in the process than any other of Guelph’s applications. Spiritleaf Guelph is proposed for the Edinburgh Market Place at 492 Edinburgh Rd. S., among 24 Retail Store Authorizations being pursued in Ontario ...
Read More »Smaller Southwestern Ontario Cities Getting Cannabis Stores
Article by Dale Carruthers, London Free Press After being shunned for their big-city counterparts, smaller Southwestern cities are finally getting cannabis retail stores. Nearly one year after the brick-and-mortar business began opening in Ontario, setting up shop mostly in mid-sized and large cities, operators are now setting their sights on places the size of St. Thomas (population 39,000) and Stratford ...
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