More than four years later, Canada’s cannabis industry is starting to come down from a post-legalization high, experts say.
“Producers have been scaling back, laying people off, closing facilities for really over three years,” said Michael Armstrong, an associate professor of operations research at Brock University in St. Catharines, Ont.
Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020, according to new data offering a statistical glimpse of the country’s first large-scale “croptober” – when most of the fall outdoor harvest comes in.
The 220,461 kilograms (221 metric tons) of new cannabis is about 50% more than the previous monthly record, in October 2019, likely owing to the first outdoor yields.
It's the moment for which advocates of legal marijuana here have been waiting: Mexican lawmakers, working under a court order, have until mid-December to finalize rules that will make the country the world's largest market for legal pot.
Advocates have long argued that legalization would put a dent in the black market; allow for safe, regulated consumption; create jobs; and cut down on crime.
Back in August, I believed that 2020 could still be a big year for the cannabis legalization movement. Yesterday, voters finished casting votes in five states to determine whether or not to legalize cannabis use. Here are the results for Arizona, Mississippi, Montana, New Jersey, and South Dakota.
When you think about it, the cannabis plant is a pretty amazing specimen. Not only do these green leafy plants have the potential to boost creativity and productivity in an individual, but they also have some amazing medical uses for conditions ranging from Alzheimer’s Disease to eating disorders.
After years of legislative failures, New Jersey voters on Tuesday authorized the legal use of recreational marijuana in a year when supporters rallied around the disproportionate number of arrests for the drug in minority communities.
Arizona's ballot measure to legalize marijuana passed Tuesday with voters deciding to join 11 other states that have done so despite a conflict with federal law, according to The Associated Press.
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” race at any cost – even if that meant buying the company designing your greenhouse.
Let's call it like it is. Aurora Cannabis (NYSE:ACB) is an underperforming stock, with its shares down more than 90% over the last 12 months. That's not only worse than the S&P 500, up over 12% during the same period, but it's not even close to the Horizons Marijuana Life Sciences Index ETF, which includes many of Aurora's peers and has fallen by 46%.
No matter how we define it, the last twelve months have been a challenging year.
Naturally, weather plays a significant role in cultivating outdoor crops of any variety. Since the beginning of time, farmers have paced the floor during significant weather events, praying for as little damage as possible. However, this year, significant weather disasters have caused massive losses to farmers all across the nation, prompting experts to sound the alarm on climate change.
