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.
A Minnesota House panel Wednesday gave the green light to this year's version of the recreational cannabis bill. The Commerce Committee was the first stop on a long journey that's likely to include at least a dozen more stops before reaching a pivotal floor vote.
Rep. Zack Stephenson, the Coon Rapids Democrat who is the chief author of the adult-use cannabis bill, said he's all for sticking with the same exhaustive vetting process the legislation went through when it passed the House in 2019.
Opportunities in the U.S. cannabis industry continue to expand, despite some notable setbacks in the November 2022 elections and continuing resistance at the federal level to marijuana reform.
Up to four new state markets could launch this year: Alabama, Connecticut, Mississippi and Missouri.
That’s on top of the recent adult-use launches in New York and Rhode Island.
Tilray Brands Inc. reported a second-quarter net loss of US$61.6 million in its most recent quarter as it temporarily slowed cannabis production because of the "longer-than-anticipated march toward legalization" in some markets.
Among the markets whose timing is hampering the Leamington, Ont. pot company is the U.S., where its chief executive said, "we do not expect (legalization) to happen at any time in the near future."
Quick—name the first cannabis industry unicorn.
If you said Canopy Growth, or GW Pharmaceuticals, or a marijuana company currently in business, you’ve forgotten the amazing rise and fall of Medbox.
Content creators are expected to bolster their brand while also walking a fine-line of rules so that their posts and accounts don’t get deleted. Every company hopes to avoid the dreaded “shadowban”, which refers to when Instagram, Facebook, or TikTok restricts posts from your followers and hides your posts from appearing on hashtags. Shadowbanning dramatically decreases your page’s ability to be discovered by new followers.
Since legalization, cannabis stocks sunk to lower and lower lows. It seemed as though not only had the bubble burst, but there really wasn’t anywhere that investors could see a future. That is, until the recent election and inauguration of new United States President Joe Biden.
Aurora Cannabis Inc. says it has laid off some workers after signing an agreement with an external sales broker.
The Edmonton-based cannabis company’s spokeswoman Michelle Lefler confirmed the cuts but wouldn’t disclose the number of staff impacted or what cities they were located in.
Lefler says the move was prompted by Aurora’s recent decision to hire Great North Distributors Inc. to represent the pot company in sales activities across Canada.
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.
After Kamala Harris was nominated to be President Elect Joe Biden’s running mate, we knew that brighter days were ahead for the cannabis industry……..and the market seemed to agree with us.
After Joe Biden was projected to win the election, the cannabis sector recorded strong moves to the upside for almost two months. Although the sector has come off its recent highs, we believe the recent additions to President Elect Joe Biden’s cabinet send a very bullish sign to the cannabis industry.
