News - Business (50 items)
(All links open in new tab)
| Apr 17, 2025 |
P.E.I. sees first cannabis trade show Cannabis East recently hosted a cannabis trade show, bringing cannabis producers and shoppers together to learn more about the growing industry. The show — the first of its kind in P.E.I. — took place over the weekend at the Eastlink Centre in Charlottetown. One vendor at the show on April 12 said shows like it could help reduce the stigma that still surrounds the product. |
|---|---|
| Apr 15, 2025 |
Victoria Cannabis Summit Aims To Spark Canadian Economy
Cannabis association calls on province to promote B.C.’s world-famous cannabis amid trade war The BC Craft Farmers Co-op (BCCFC) is bringing its annual cannabis summit to Victoria next week, highlighting the province’s cannabis legacy and its economic potential. |
| Apr 11, 2025 |
Cannabis Giant Trulieve and Ultimate Frisbee Meld Weed and Pro Sports With New Pact
Trulieve, a multi-state cannabis conglomerate, has become an official partner of the Ultimate Frisbee Association as the worlds of weed and athletics continue to mesh. |
| Apr 11, 2025 |
ScottsMiracle-Gro Transfers Cannabis Subsidiary to Independent, Unnamed Partner The Scotts Miracle-Gro Co., the world’s leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, announced the transfer of its wholly-owned subsidiary, The Hawthorne Collective Inc., to an independent strategic partner. |
| Apr 7, 2025 |
Meet the CEO leading the charge in Canada’s global cannabis dominance Organigram Global’s Beena Goldenberg has seen the company’s market share more than double in recent years. ‘We can capitalize on the international markets that are opening up and the U.S. cannabis companies can’t, because it’s not federally legal.’ |
| Apr 4, 2025 |
Nova Scotia approves sale of cannabis by Mi’kmaw communities Nova Scotia introduced new regulations to allow Mi’kmaw communities to open legal cannabis retail stores on reserve. A new agreement will allow bands or band-owned corporations to become authorized sellers within their communities under the Nova Scotia Liquor Corporation (NSLC). |
| Apr 1, 2025 |
Cannabis retail expansion in Canada came with only a small uptick in the number of consumers Ever since recreational cannabis was legalized across Canada in 2018, researchers have been studying what that decision changed for Canadians. |
| Mar 31, 2025 |
Rolling in Opportunities: The Two Biggest Job Market Catalysts in Cannabis Is working in cannabis a cool job now? In 2024, the legal cannabis industry saw a significant uptick in jobs, gaining 22,952 additional positions. Today, there are approximately 440,445 full-time equivalent jobs in the cannabis space. |
| Mar 28, 2025 |
California cannabis company with 16 dispensaries, $100M in revenue collapses One of California’s leading legal cannabis companies announced Thursday that it is seeking receivership, looking to sell off all of its assets as it faces mounting financial losses and eventually to shut down the sprawling business. |
| Mar 26, 2025 |
Navigating Canada’s cannabis market in the face of U.S. tariff concerns Canada’s cannabis market has been evolving rapidly since legalization, presenting both opportunities and challenges for investors. As the industry matures, several key factors are shaping its landscape, including scrutiny of U.S.-affiliated brands, funding sources from outside Canada, a shift towards buying Canadian products, and Health Canada’s efforts to enhance product clarity for consumers. |
| Mar 25, 2025 |
What’s causing the decline in M&A activity in the cannabis industry? Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors. |
| 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. |
| 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. |