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…
Canadian Medical Marijuana & Cannabis Industry News
Advice for cannabis executives who want to address social justice
The International Drug Policy Consortium (IDPC)’s new report about the responsible regulation of cannabis shines a light on why companies should address broader issues such as social justice and sustainability. The IDPC document lists 20 principl…
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…
Access barriers stall Canadian medical cannabis market, survey shows
Systemic barriers are making Canada’s legal medical cannabis system prohibitive, pushing patients to recreational and unregulated channels with no oversight from medical practitioners, a new survey says. That situation could be partly to blame for Cana…
Aphria’s record Canadian cannabis sales marred by weak EU revenue
Strong demand in Canada for Aphria’s recreational marijuana products failed to offset disappointing international revenue in the Leamington, Ontario-based company’s first fiscal quarter. The Canadian producer’s net revenue declined 4.5% from the March-…
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…
Aurora Cannabis exits Australia’s Cann Group after $28M impairment charge
Alberta-based Aurora Cannabis sold off its stake in Australian medical marijuana company Cann Group, but the Canadian producer still sees promise in the Australian market. “We continue to see growth potential in this important market and will mai…
Aurora Cannabis lists some Uruguay assets for sale as regional CEO departs
Aurora Cannabis has confirmed that some of its assets in Uruguay are for sale, and the CEO leading its subsidiary in the South American country is no longer with the company. Alejandro Antalich, the former chief executive of ICC Labs, departed the firm…
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,…
MJBizDaily International will resume publishing Tuesday
Marijuana Business Daily International is closed for the Canadian Thanksgiving holiday and will resume publishing Tuesday.
MJBizDaily International will resume publishing Tuesday is a post from: Marijuana Business Daily: Financial, Legal & Cannabus…