The number of canceled cannabis business licenses have soared alongside the amount of “uncollectable” excise tax in Canada.
Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar is a post from: MJBizDaily: Financial, Legal & C…
New Brunswick
Canadian cannabis sales drop 11.5% from December to January
Retail sales of legal adult-use cannabis in Canada tumbled by 11.5% from December to January, totaling 400.1 million Canadian dollars ($294.2 million).
Canadian cannabis sales drop 11.5% from December to January is a post from: MJBizDaily: Financial, L…
Lawsuit Alleges RCMP Wrongfully Raided Medical Cannabis Grow-Op, Then Destroyed Plants
Men seek compensation for 60 plants seized during raid at former Coles Island school. Four men are suing the New Brunswick RCMP, claiming the force wrongfully raided their medical cannabis grow-op, arrested one of them and seized and later destroyed 60…
Ontario, Alberta lead Canadian cannabis sales drop in January
Retail sales of adult-use cannabis products in Canada declined to 282.8 million Canadian dollars ($225 million) in January, 5.6% lower than a month earlier, according to the latest Statistics Canada data. Sales fell in every province and territory. Alb…
New Brunswick won’t privatize recreational cannabis sales
New Brunswick has discontinued the request for proposal (RFP) process for the privatization of recreational cannabis sales, meaning the province will retain the government-owned-and-operated store model through Cannabis NB. New Brunswick requested prop…
Government-run cannabis stores in Quebec, New Brunswick post profits
The government-run cannabis store operators for Quebec and New Brunswick reported quarterly profits for the periods ended Jan. 2, 2021, and Dec. 27, 2020, respectively. Quebec’s Société québécoise du cannabis (SQDC) posted net income of 23.3 million Ca…
Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019
Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November. Licensed marijuana retailers across the country sold CA$298.4 million worth of …
Canadian cannabis sales slip in most provinces in November
November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada. November’s sales represent the broadest fall sin…
Canadian cannabis sales pick up pace to CA$270 million in October
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’…
Cannabis NB expects CA$10M profit; privatization update ‘in near future’
New Brunswick’s cannabis retail monopoly Cannabis NB expects to end its fiscal year with a profit of over 10 million Canadian dollars ($7.7 million). “We are excited to have achieved an important milestone — 12 consecutive months of profitability,” Can…