Alberta’s government is lifting the cap on the number of retail cannabis store licenses that can be held by a single person or group of people. Currently, a person or a group can hold no more than 15% of the total number of retail stores in the p…
Author: Amy Hansen
Study highlights lack of diversity in Canada’s legal cannabis industry
Leadership positions in Canada’s regulated marijuana sector continue to be held predominantly by white males, according to a statistical analysis released this week. The new analysis from the University of Toronto’s Centre on Drug Policy E…
Sunniva, CA$58 million in debt, granted initial creditor protection
Vancouver-based marijuana firm Sunniva Inc. has received an initial creditor protection order from the Supreme Court of British Columbia as it pursues restructuring. The cross-border firm made the announcement in a news release on Monday, joining a num…
Canada’s race for low-cost legal marijuana reaches derivative ‘Cannabis 2.0’ products
Low-priced cannabis has changed the face of Canada’s regulated marijuana industry over the past year, with many producers launching value flower brands at competitive prices. Now, that low-cost trend is arriving for marijuana-derivative products,…
Maine’s recreational cannabis retailers sell nearly $100,000 on opening day
Adult-use marijuana retailers in Maine sold $94,643.38 worth of product on Oct. 9, the first day of legal sales in the state, according to preliminary figures released by the state’s Office of Marijuana Policy (OMP). Maine had eight active adult-…
Maine launches recreational cannabis market amid supply setbacks, pandemic
Maine became the 10th state to launch legal recreational marijuana sales on Friday, when socially distanced shoppers lined up at a handful of new cannabis retailers. Limited product availability and relatively high prices marked the debut of Maine̵…
Marijuana firm iAnthus gets Canadian court approval for restructuring plan
A British Columbia court has approved a revised restructuring plan for iAnthus Capital Holdings, a week after declining to sign off on a previous plan. In reasons for judgment issued Monday, Supreme Court of British Columbia Justice Geoffrey Gomery sai…
Stem Holdings to acquire delivery firm in CA$41M all-stock marijuana deal
Florida-based marijuana grower and retailer Stem Holdings signed a deal to acquire California-headquartered cannabis delivery company Driven Deliveries, creating what Stem calls “the first vertically integrated cannabis company with an integrated…
Marijuana MSO Green Thumb faces trademark lawsuit over edibles brand
Chicago-based multistate marijuana operator Green Thumb Industries (GTI) is being sued over its “Incredibles” cannabis edibles brand by Edible Arrangements, a franchisor of stores that sell bouquet-shaped fruit baskets. Edible Arrangements …
Cannabis NB posts CA$3.3 million quarterly profit as privatization review continues
Cannabis NB, the government-owned marijuana retail monopoly in the Atlantic Canadian province of New Brunswick, has posted a third consecutive positive quarter with profits of 3.3 million Canadian dollars ($2.5 million). Meanwhile, a delayed government…