News - Business (39 items)
| Mar 23, 2025 |
Growing weed takes more energy than mining bitcoin. Can it go green? Growing weed inside uses about 1 percent of U.S. energy and pollutes more than cryptocurrency mining. There’s a better way to fuel America’s high. |
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| Mar 21, 2025 |
Canadian Cannabis Sales Sank in January Statistics Canada released January retail sales for the country, with cannabis sales decreasing from the December levels, down 14.9% to C$418.3 million. December, originally reported at C$499.4 million, was revised lower to C$491.6 million. The sales in January were up 4.1% from a year ago. This was down from the 20.3% August 2023 growth rate and above the prior lowest annual growth rate since legalization commenced of -2.8% in May, but it was down sharply from the December growth of 9.6%. In 2024, total sales increased 1.5% to C$5.24 billion. |
| Mar 20, 2025 |
BC Bud officially leaves cannabis for crypto
The BC Bud Corporation has officially left cannabis and gone into digital assets. The company changed its name to Digital Commodities Capital Corp. The company is also changing its trading symbol from (CSE: BCBC) (OTCQB: BCBCF) to “RIPP” and shares will begin trading under that symbol on March 24. |
| Mar 20, 2025 |
Aurora Cannabis Announces Breakthrough Discovery of Powdery Mildew Resistant Cultivars EDMONTON, AB, March 20, 2025 /PRNewswire/ - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian-based leading global medical cannabis company, is pleased to announce the Company's discovery of a novel source of genetic resistance against powdery mildew, PM2, that provides strong protection against this pathogen in cannabis sativa. The development of this proprietary genetic marker technology, which is now in use in Aurora's breeding program, is set to produce powdery mildew resistant cultivars that will be explored for commercial launch this year. |
| Mar 20, 2025 |
Canadian cannabis companies look overseas as domestic market saturates Facing a saturated market and intense competition domestically, Canadian cannabis companies are exporting more of their products overseas. |
| Mar 19, 2025 |
How Trump’s trade war is impacting Canadian cannabis supply chains
Although Canadian cannabis is not directly impacted by the emerging trade war with the US, many aspects of the cannabis industry supply chain could be. This can mean increased costs for producers, and those costs being passed on to consumers. |
| Mar 18, 2025 |
Canada’s Cannabis Market: Study Reveals Price, Not Store Count, Drives Usage Trends
The price of cannabis has a more significant effect on consumer behaviour than store count, according to a newly published study on the Canadian cannabis market. Published in European Addiction Research, ‘Exploring Associations between Cannabis Prices, Stores, and Usage after Recreational Legalization’ examined trends from 2019 to 2023, in which time legal cannabis stores increased 13-fold, while prices dropped by 28% on average. |
| Mar 17, 2025 |
The future of outdoor cannabis in Canada Despite its lower production costs and sustainability advantages, outdoor cannabis cultivation has had a challenging go of it in Canada’s legal market. While large-scale indoor and greenhouse operations dominate, outdoor growers face unique challenges—from market oversaturation to unpredictable weather. Yet, those who have weathered the storm are beginning to see glimmers of opportunity. |
| Mar 14, 2025 |
Despite cannabis industry woes, Canada remains the largest exporter of legal marijuana in the world A book about cannabis says the industry has right-sized after a market for legal weed did not materialize. In 'Catch A Fire", author Ben Kaplan argues that despite all losses by investors, Canada's cannabis experiment has still been a success. |
| Mar 12, 2025 |
Updates to cannabis rules and regulations now made public Health Canada has published their scheduled updates to the Cannabis Regulations, Hemp Regulations, and Cannabis Act, streamlining some aspects of the regulations to benefit the legal cannabis market. |
| Mar 11, 2025 |
Alberta's new QR code system enhances cannabis transparency, a first for Canada A pilot project in Alberta is aiming to transform cannabis product transparency with Metrc’s Retail ID system. By simply scanning a QR code provided at purchase, consumers gain access to lab test results, certificates of analysis (COA), product name, image, cannabinoid, and terpenes, ensuring greater trust in legal cannabis products. |
| Mar 11, 2025 |
Cannabis producers want to play their part in push to strengthen Canada’s economy As Canadians focus on ways to strengthen their economy in the wake of ongoing threats from the current US government, many in the Canadian cannabis industry say they think cannabis is being overlooked as an economic powerhouse. Contributing hundreds of millions of dollars in excise tax to provinces since legalization began, and more than $8.3 billion to the country’s GDP in 2024, including the creation of thousands of jobs across the country, while not being at all reliant on US trade, Canada’s cannabis industry is in a unique position. |
| Mar 10, 2025 |
Cannabis industry’s contribution to Canada’s GDP continues to increase Canada’s legal cannabis industry contributed more than $8.3 billion to the country’s GDP in 2024, according to the most recent figures from Statistics Canada. |
| Mar 10, 2025 |
Four20 seeks extension and acceptance of recent plan of compromise In a bench brief in early March, 420 Premium Markets Ltd. and its associated companies sought an extension of its CCAA proceedings to April 30, 2025. The brief also seeks to authorize Four20 to establish two classes of Affected Creditors and seeks to accept the filing of the plan of compromise and arrangement of FOUR20 dated March 3, 2025. |
| Mar 7, 2025 |
Certifying Trust- Control Union Canada’s role in cannabis compliance In an industry where certifications are a benchmark for identifying qualified producers and manufacturers, Control Union Canada has established itself as a leading body to ensure cannabis producers meet the highest international standards. |
| Mar 7, 2025 |
Canadians are consuming less alcohol and more cannabis
Cannabis sales increased from 2023 while alcohol sales declined somewhat, according to the newest figures shared by Statistics Canada. Although cannabis sales have been somewhat cooling from the exponential growth seen in the first few years of legalization, sales of recreational cannabis by provincial cannabis authorities and other retail outlets increased 11.6% or $500 million from fiscal year 2022 to fiscal year 2023. |
| Mar 6, 2025 |
Cannara Biotech to Present at The Ventum Canadian Cannabis Conference on March 12th, 2025 MONTREAL, March 06, 2025 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce it will be presenting at the Ventum Capital Markets Canadian Cannabis: The Emerging Leaders in Canada and Beyond conference on Wednesday, March 12th at 1:40PM – 2:00pm EST. |
| Mar 6, 2025 |
Pre-rolls close in on top cannabis sales spot in Canada Cannabis sales in Canada dropped last year, but pre-roll sales continued to rise and are on the verge of becoming the top sales category in the country. Flower sales dropped 9.3% in 2024 and edibles plunged 12.4% last year, contributing to a total cannabis revenue decline of 3.27%, according to a Custom Cones USA report based on Headset data. |
| Mar 6, 2025 |
Cannabis continues to be excluded from interprovincial trade discussions Most provinces, except for PEI and Newfoundland and Labrador, have signed an agreement to allow interprovincial alcohol sales directly to consumers. <br/> The cannabis industry has been asking for similar changes for years, but was not included in the conversation or subsequent announcement about lessening restrictions on cross-provincial alcohol sales. |
| Mar 3, 2025 |
Explaining why small cannabis producers in Alberta aren’t profitable When Canada legalized cannabis in 2018, the goal was to create a thriving legal market where small cannabis producers could find success alongside larger companies. |