Canadian adult-use marijuana sales reached 270 million Canadian dollars ($211.7 million) in October, as the pace of monthly sales growth accelerated to 5.1%. The monthly sales figures imply an annual run rate of roughly CA$3.24 billion for Canada’…
British Columbia
Lack Of Legal Cannabis In B.C.’s ‘access Deserts’ Is Helping Illicit Market Thrive, Retailers Say
12 municipalities, including Surrey, Burnaby, Richmond and Delta, still don’t have a storefront for legal weed. Across a large swath of B.C.’s South Coast, there lies an area cannabis industry insiders have dubbed an access desert. It’s a group of muni…
As consolidation hits Canadian cannabis retail, more mergers and acquisitions expected
Consolidation is picking up among Canada’s regulated cannabis retailers as recreational marijuana sales continue their upward monthly trend, with industry insiders predicting more store mergers and acquisitions. The retail M&A trend appears t…
Supply-demand imbalance grows for Canadian cannabis edibles
Makers of edible cannabis products in Canada continue to stock more goods than they’re able to sell, the latest data from Canada’s cannabis regulator shows. In August, federal license holders, provincial distributors and retailers held almost 10 millio…
Canadian legal marijuana sales exceed CA$256 million in September
Canadian sales of regulated cannabis reached 256.3 million Canadian dollars ($196.4 million) in September, a 1.85% increase over August’s sales as the pace of monthly growth slowed. Statistics Canada’s September’s cannabis sales figur…
How Canadian cannabis firms lost millions on bad greenhouse deals
When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers. In short, the Alberta-based producer was signaling to the industry it intended to win the “funded capacity” r…
Canadian cannabis sales grow to nearly CA$245 million in August
Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2….
Corporate Cannabis Struggles While Craft Producers Thrive
CANNABIS CULTURE – Financial experts blame price wars with the legacy market, increased competition, and unexpected consumer disinterest in Cannabis 2.0 products for the plummeting stocks of corporate LPs like Aurora and Canopy. However, with the numbe…
Five Questions With Green Party Candidate Scott Bernstein
CANNABIS CULTURE – British Columbia is holding a snap election. In my riding of Vancouver-Kingsway, I finally have a chance to vote for a real progressive drug peace activist, who is saying all the right stuff about drug policy. I asked Scott Bernstein…
Retailers Call It Unfair For BC Liberals To Exclude Cannabis From PST Tax-Cut Promise
BC Liberal Party plans to take the 10% PST off booze, while leaving the 7% PST on cannabis. What happened: Legal cannabis retailers in B.C. are calling the BC Liberals’ more than $10-billion promise to eliminate the provincial sales tax (PST) for one y…