News - Business (370 items)
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| Jun 11, 2026 |
SQDC Reports $809.5 Million in Sales in 2025
For the fiscal year ending March 28, 2026, the Société québécoise du cannabis (SQDC) recorded total sales of $809.5 million, with net income of $132.4 million and a total contribution of $331.3 million to the Quebec government. Total sales were up 9% compared to the previous fiscal year, while net income increased by 12%. Contributions to the Quebec government also increased 12% YOY. |
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| Jun 11, 2026 |
Q4 FY26 delivered record medical cannabis revenue, strong margins, and global market leadership Q4 FY26 saw double-digit revenue growth, record international sales, and strong gross margins, with continued leadership in key global medical cannabis markets and a robust cash position. Strategic acquisitions and innovation support long-term growth. |
| Jun 10, 2026 |
Where Did All the Good Weed Go?
The good news is, good cannabis hasn’t disappeared. Canada’s best growers are (arguably) growing their best crops yet, but Canada’s high taxes and low prices mean most of those products are now destined for export. Premium cannabis simply costs more to produce, as it generally requires better talent, more labour, higher-quality inputs, and a producer with sufficient margin to reject or downgrade lots that fail to meet expectations. It also requires exceptional speed to market, as product quality tends to degrade with time. For most premium producers in Canada, the domestic market stopped paying that premium. |
| Jun 10, 2026 |
The Cannabis Industry Forgot Who Built It
Legal cannabis promised legitimacy. Instead, many of the people who carried the culture through prohibition are being priced, regulated, and pushed out of the industry they helped build. |
| Jun 9, 2026 |
Humboldt Seed Company and Marley Family Launch Two New Cannabis Seed Strains SAN FRANCISCO, June 9, 2026 /CNW/ -- Humboldt Seed Company (HSC), California's largest licensed cannabis seed provider today announced a collaboration with the Marley family to release Redemption and One Love cannabis seeds globally, paying tribute to Bob Marley's legacy of unity, resilience, and cultural impact. Bob Marley One Love cannabis seeds Bob Marley One Love cannabis seeds "Redemption and One Love are special," said Benjamin Lind, co-founder and chief science officer of HSC. "The seeds themselves are a time capsule, maintaining the essence of the Jamaican heirloom varieties that Bob himself would have smoked, but have been updated for today's modern market." |
| Jun 9, 2026 |
The New Genetics Race: Why Cannabis Seed Brands Are Becoming the Next Big Differentiator As cannabis shoppers become more educated, seed brands are no longer just selling genetics — they are shaping loyalty, discovery, and the next wave of premium cultivation culture. |
| Jun 9, 2026 |
Statistics Canada: Canadian Governments Earned $2.5B from Adult-Use Cannabis Sales During One Fiscal Year Federal and provincial governments earned $2.5 billion from adult-use cannabis sales during the fiscal year ending March 31, 2025, according to data from Statistics Canada. The total represents an 11.5% increase from the previous fiscal year. Simultaneously, governments earned $13.1 billion from alcohol sales, which marked a 4.2% decline and the largest annual decrease since the agency began tracking the figures in 2004-2005. During the fiscal year, adult-use cannabis sales increased 6.1% or $300 million from the previous fiscal year; however, the growth was down compared to the $5.5 billion increase in 2024-2025. In 2022-2023, adult-use cannabis sales in Canada were up 15.8% from the previous fiscal year, and in 2023-2024, sales increased 11.6%, according to Statistics Canada. |
| Jun 9, 2026 |
New Mexico built a successful cannabis market without the hype
New Mexico is an oft-overlooked state, but the Land of Enchantment has a robust cannabis program that rivals that of neighboring Colorado or Nevada. At a time when states like Massachusetts are eyeing legalization rollbacks and federal changes are uncertain, New Mexico’s cannabis market is growing. It’s not flashy or headline-grabbing; it’s a steady climb to statewide success. |
| Jun 8, 2026 |
How Online Headshops Are Winning Without Traditional Advertising For most e-commerce brands, growth starts with paid ads. For cannabis accessory companies, that path is rarely straightforward. Platforms like Meta, Google, TikTok, and YouTube have historically restricted cannabis related advertising, even when businesses are selling fully legal accessories instead of cannabis itself. That creates a very different environment compared to traditional consumer products. As a result, some of the most successful brands in the space have been forced to build alternative growth systems centered around organic traffic, content, communities, SEO, affiliate partnerships, newsletters, and social media ecosystems. |
| Jun 8, 2026 |
AGLC Announces Phased Move to Consignment Distribution
Alberta’s cannabis regulator will be moving from its current wholesale model for cannabis sold in the province to a privately managed consignment model over the coming years. This approach would, over time, more closely align the province’s handling of whole cannabis with its wholesale alcohol distribution. Currently, the Alberta Gaming, Liquor and Cannabis (AGLC) buys cannabis directly from federally licensed producers, takes legal ownership of the inventory, and warehouses it before selling it to private licensed retailers. Producers receive payment from AGLC for their products within about two weeks of sending an invoice, rather than when retailers purchase them |
| Jun 8, 2026 |
Alcohol Sales See Historic Decline While Cannabis Sales Rise
Sales of alcohol and cannabis in Canada are on opposite trajectories, according to data from Statistics Canada, the national statistical agency of the Canadian government. For the fiscal year ending March 31, 2025, sales of adult-use cannabis products increased 6.5 percent. By contrast, alcohol sales revenue declined by 1.6 percent. Canadians purchased $5.5 billion worth of cannabis products in the last fiscal year, with sales of herbal cannabis products comprising approximately 60 percent of all sales. Canada legalized the adult-use marijuana market in 2018. |
| Jun 6, 2026 |
Toronto cannabis shop selling World Cup trophy bongs ahead of tourism boom While one World Cup trophy will be lifted in New Jersey on July 19, a Toronto shop is selling a replica with a very different purpose. Cosmic Charlies, a cannabis shop within walking distance of BMO Field, is selling bongs that resemble the trophy. |
| Jun 6, 2026 |
AI Is Growing Your Weed Now
From robot canopy scanners to algorithmic breeders to AI-powered dispensary counters, artificial intelligence is remaking cannabis at every level. The question nobody has fully answered: does this help the people who built the culture, or does it replace them? |
| Jun 5, 2026 |
Trulieve to list on NYSE, a first for US cannabis sector Trulieve said Friday that it will list on the New York Stock Exchange come June 10, which would make it the first US cannabis company to ever list on a major American exchange. |
| Jun 5, 2026 |
BC Cannabis Producers Put Human Face on Regulatory Challenges at Legislature Representatives from two of BC’s cannabis producers’ associations met in Victoria on Wednesday, May 20, 2026, as part of a broader push in BC cannabis industry lobbying to connect with elected officials and discuss the sector’s benefits and challenges. Members from the BC Cannabis Alliance (BCCA) and the Cannabis Cultivators of BC (CCBC), representing large and small businesses across the province, held their first lobbying day to build connections and engage in informed discussions with elected officials and policymakers. |
| Jun 5, 2026 |
Pot shops have high expectations from World Cup fans, tourists While no one expects cannabis to overshadow the action on the field, many foresee at least a marginal lift in pot sales and dispensary foot traffic when Toronto and Vancouver play host for their combined 13 matches in June and July. (The remainder of the tournament will take place in the U.S., where some states have also legalized weed, and Mexico.) |
| Jun 4, 2026 |
Pre-Rolls Now Lead Canada’s Cannabis Market. What Comes Next? s Canada’s legal cannabis market has matured and stabilized, producers and retailers have adjusted their product mix to meet the needs of every consumer and keep their brands at the top of the sales charts. But one category in particular has quietly and consistently separated itself from the rest due to its ready-to-use, convenient format: the humble pre-roll. |
| Jun 3, 2026 |
Health Canada recalls cannabis product sold in Alberta Health Canada says some Albertans were shorted on their pot purchases. In an online advisory, the agency says Hybrid Infusion Ltd. initiated a recall of one of its cannabis products because of improper labelling and packaging. |
| Jun 3, 2026 |
The Hidden Cost of High Budtender Turnover
When a budtender walks out the door, most operators instinctively think about the cost of a job posting and a few slow weeks. It’s a reasonable first instinct and almost entirely wrong. “When you fully load the costs and do the math,” said Graydon Welbourn, Managing Partner and Co-Founder of White Ash Group, “think vacancy coverage, overtime on remaining staff, manager time pulled off the floor, onboarding, compliance, and the quiet erosion of customer relationships that good budtenders carry with them [and] then you’re typically looking at 30 to 50 percent of that employee’s annual salary. Per departure. In Ontario, that’s a real number somewhere between $10,000 and $20,000 every time.” |
| Jun 3, 2026 |
United States Cannabis Market Set to Surpass USD 40 Billion by 2034 as Legalization and Innovation Fuel Growth The cannabis industry in the United States is entering a transformative era. What was once considered a niche and highly regulated sector has evolved into one of the most dynamic consumer markets in the country. Driven by expanding legalization, increasing social acceptance, medical adoption, and rapid product innovation, cannabis is steadily becoming part of mainstream American culture and commerce. |