Article by Sam Riches, Growth Op Cannabis reviewer Brad Martin is a self-described “numbers guy.” With a background in real estate, he began tracking metrics like prices and cannabinoid composition for each cultivar (cultivated variety, often called a “strain”) he tried in 2016, when he became a medical cannabis consumer. The realtor in him wanted to find the best value on the ...

Article by BNN Bloomberg Economic activity in Canada’s legal pot industry tripled since legalization: StatsCan  Canada’s cannabis industry generates about $8.16 billion to the country’s economy, according to latest data from Statistics Canada. The legal cannabis industry contributed about $3.96 billion to Canada’s gross domestic product as of February, StatsCan said. That’s up 215 per cent since recreational cannabis was legalized in Oct. 2018. Meanwhile, StatsCan ...

Article by Kate Dingwall, Forbes Canopy Growth Corp., a major marijuana producer, has laid off 200 staff from the Canadian, U.K. and U.S. offices This is the third round of cuts in the last few months—as it stands, the company has let go almost 1,000 employees, including COVID-19-related furloughs. In a statement to the Canadian Press, Canopy chief executive officer ...

Article by Carlie Beblin, Cannabis Life Network If you run out of your favorite bud – do not fear – delivery services are here! Below are some Cannabis delivery options across Canada during COVID-19. It is important to note that each province has different regulations on Cannabis and therefore delivery options are limited by your location. Nonetheless, let’s get started! Cannabis delivery in British Columbia ...

Article by Matt Lamers, Marijuana Business Daily Ontario has roughly 4% of the legal cannabis points of sale it needs to put it on par with markets that are successfully extinguishing illicit channels. And Quebec is not doing much better, according to a researcher. A shortage of points of sale for adult-use cannabis in Canada’s two largest markets was cited ...

Article by Cannabis Life Network The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century. Hightimes Holding Corp. said Tuesday is acquiring 13 dispensaries from Harvest Health and Recreation. The company is one of the largest multi-state producers and sellers of cannabis in the U.S. High Times said the cash and stock deal ...

Article by Kate Robertson, Growth Op Former Ontario Provincial Police commissioner Julian Fantino and former RCMP deputy commissioner Raf Souccar are leaving Aleafia, the cannabis company they founded. In an April 27 press release, Fantino, the current chairman of the board, and Souccar, a director, announced their intention to resign as of May 15, 2020. “On behalf of the Aleafia Health ...

Article by Graham Abbott, Ganjapreneur Ontario’s cannabis wholesaler entity is reportedly planning to create regulations for a craft cannabis market and to allow for on-site cannabis shops at licensed growers/producers, Marijuana Business Daily reports. The changes, which were revealed during a recent Reddit “Ask Me Anything” with Ontario Cannabis Store (OCS) Chief Commercial Officer Cheri Mara, are expected to launch after the coronavirus pandemic. ...

Article by Kyle Balzer, Prince George Matters B.C. Cannabis will be opening its first store in Prince George this week. A spokesperson confirms the government-regulated location will open on Wednesday (April 29) in the Pine Centre Mall. It’ll be open seven days a week with health measures in place to keep up with preventing the spread of COVID-19. “While this is ...

Article by Matt Lamers, Marijuana Business Daily 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 ...