News - Business (427 items)
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| Jun 22, 2026 |
Cannabis producers give up trying to get Ottawa to stop smothering their business The Cannabis Council of Canada has announced it is suspending its advocacy operation, apparently because its member companies have given up hope that the federal government is prepared to listen to them. In a letter to Finance Minister François Philippe Champagne that foreshadowed this week’s announcement, outgoing council president Paul McCarthy said the country’s licensed cannabis producers have lost confidence that the government is committed to getting its tax and regulatory policies right. |
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| Jun 22, 2026 |
DaySavers Launches Perfect Pack 2 Portable Joint-Filling Machine to Create Perfect Pre-Rolls On the Go RENTON, Wash., June 22, 2026 (GLOBE NEWSWIRE) -- DaySavers, the most innovative and transparent smoking accessories brand on the market from Custom Cones USA, today launched the latest model of their signature joint-filling machine, the Perfect Pack 2, a personal, made-for cannabis cone- and tube-filling machine that can perfectly pack a pre-roll in seconds from anywhere, thanks to a new battery mode and USB-C cable that works with power banks and even smartphones. |
| Jun 21, 2026 |
Cannabis Council of Canada Ends Active Operations
The Cannabis Council of Canada (C3) is suspending its active operations as of June 22, 2026. In a press release, the organization says the board will now take time to consider the Council’s future and the role it can continue to play in advancing the sector’s policy priorities. The decision, says President Paul McCarthy, reflects the headwinds facing Canada’s licensed cannabis sector. “The Council is proud of the role it has played in advocating for a responsible, competitive, and sustainable legal cannabis industry in Canada,” read the organization’s farewell press release. “While it will not be operating in the same active capacity during this period, its work, records, and institutional knowledge will be preserved so that the progress made is not lost. |
| Jun 19, 2026 |
April 2026 Cannabis Sales Data: Regional Trends and National Growth
Cannabis sales in Canada in April 2026 were $482.6 million, according to the latest figures from Statistics Canada. While cannabis sales have been showing signs of slowing, compared to exponential growth in the first few years of legalization, sales were still up 3% from April 2025 and up 5% from the previous month’s $466.8 million. Statistics Canada also updated its March 2026 sales figures, which were previously reported as $471.4 million. The country’s national statistical agency routinely adjusts these sales figures as new data comes in. Year-over-year and month-over-month increases were seen in every province except Newfoundland and Labrador, which showed a 2% decline compared to March, and Manitoba, which showed a decline of less than 1% MOM. Sales figures for the Northwest Territories and Nunavut were not available. |
| Jun 19, 2026 |
Health Canada Orders Ontario Cannabis Store to Remove Colourful Mural Health Canada has told a cannabis retailer about two hours north of Toronto that it must remove a large, colourful mural from the outside of its building. Treetz Cannabis, an independently run store in the community of Collingwood, had an artist paint a mural on the outside. The mural includes various characters painted in bright colours. |
| Jun 19, 2026 |
In the cannabis industry, ‘culture’ is revealed in hard times Cannabis companies are eager - sometimes desperate - to show authentic "cannabis culture." But companies create and maintain culture through consistent actions, our columnist argues. |
| Jun 18, 2026 |
Nova Scotia Reports $138.8 Million in Cannabis Sales for Fiscal 2025/26
The Nova Scotia Liquor Corporation (NSLC) sold $138.8 million worth of cannabis in the fiscal year 2025/26, ending March 31, 2026, increasing 9.3% year over year. The NSLC reported total sales of $898.4 million, including $759.5 million in beverage alcohol sales. Total earnings for the agency for the year were $268.8 million, down 4.1% from the previous year. Cannabis transactions increased 4%, with the average basket value increasing 5% to $39.50. Nova Scotia cannabis sales increased 10.2% to $39.9 million. Nova Scotia cannabis accounts for 28.7% of all cannabis sales. The average price per gram for cannabis decreased by 0.3% to $5.70. |
| Jun 18, 2026 |
Minnesota cannabis store owners lament testing backlog: "It's getting frustrating for everyone involved" One of five cannabis testing sites in Minnesota is shutting down, citing exorbitant costs as the reason. William Drexler is moving product he has around as he waits patiently for more. He says customers who come into Grey Area, on Grand Avenue in St. Paul, are looking for adult-use items, which he says are being held up by a backlog in testing. |
| Jun 18, 2026 |
Cannabis Stocks Pop As Another U.S. Company Applies to List on NYSE That was fast: California cannabis company Glass House Brands on Wednesday applied to become the second U.S. cannabis firm to list on the NYSE, following the path laid by competitor Trulieve last week. Glass House stock popped about 5% on Thursday and is up about 52% since January 1. Trulieve stock rose about 5% and is up about 16% this year. The AdvisorShares Pure Cannabis ETF (MSOS) is up 4% Thursday and about 4% since January 1, though still about 90% below its 2021 all-time high. |
| Jun 18, 2026 |
Union Warns of Possible Ontario Cannabis Store Labour Action as Negotiations Continue
The labour union representing some workers at the Ontario Cannabis Store (OCS) is warning cannabis retailers across the province of a potential labour disruption that the union says could affect services. In a letter sent to cannabis retailers on June 15, 2026, the Ontario Public Service Employees Union (OPSEU/SEFPO) warns of ongoing negotiations and a possible labour disruption if union demands are not met following a final bargaining session with the OCS on June 22. The union represents approximately 200,000 members across Ontario, including employees at the OCS. |
| Jun 17, 2026 |
Listed: Cannabis Finally Cracks America’s Major Exchanges
Cannabis stocks have, for the last five years or so, represented one of, if not the worst-performing, niche categories on any exchange. Ever since the heady ‘Green’ IPO rush of the late 2010s and early 2020s, MSOS’ stocks tracked by New Cannabis Ventures have plummeted -87.1% in value, while the wider Global Index fell by -85.2% over the same period. Effectively banned from listing on US blue chip exchanges like Nasdaq, any US operators willing to fight their way onto the public markets have been limited to smaller platforms, offering limited access to institutional capital, poor liquidity, and leaving these stocks exposed to the volatility of sentiment-driven retail investors. |
| Jun 17, 2026 |
Producers Weigh Cash Flow Risks of Alberta’s New Cannabis Consignment Model Alberta’s recent announcement that it is moving from its current wholesale model for cannabis sold and distributed in the province to a privately managed consignment model is being met with mixed reactions by the producers supplying that market. The memo, shared with the industry in early June, explains how Alberta’s cannabis regulator would, over time, more closely align the province’s wholesale cannabis handling with its wholesale alcohol distribution. |
| Jun 17, 2026 |
Fewer Employees Skip Work Days Where Medical Marijuana Is Legal, Especially For Manual Labor Jobs, Study Shows Legalizing medical marijuana appears to be associated with reduced rates of employees missing work—particularly in trades like manufacturing and agriculture where workers are more likely to experience symptoms such as pain that cannabis can help treat—according to a new study. |
| Jun 14, 2026 |
The First U.S. Marijuana Stock Is Now Trading on the NYSE. Here's What That Means for Every Cannabis Investor. Last week, Trulieve Cannabis (TCNNF +0.00%) (NYSE:TRLV) became the first U.S. cannabis operator to list on the New York Stock Exchange. The stock is now trading under the symbol "TRLV." Although a publicly traded company moving up to the NYSE is not uncommon, it is in the cannabis industry. |
| Jun 12, 2026 |
Tribal cannabis stores hit record expansion across the US Sovereign Native American tribes continue to develop cannabis retail businesses, with a record number of cannabis stores opening in 2025. As of April 30, there are 93 tribally owned cannabis retail outlets in 10 states. |
| Jun 12, 2026 |
Gillian Vandermeirsch is helping redefine the cannabis consumer experience
Gillian Vandermeirsch wants us to think about cannabis the same way we think about wine. When buying a bottle, consumers typically don’t fixate on alcohol percentage—they might consider the grape, the region, the flavour profile and the overall experience. Cannabis consumption, she argues, deserves the same level of sophistication. |
| Jun 12, 2026 |
FIFA demands pot shop stop selling bong resembling World Cup trophy A Toronto cannabis shop selling bongs that resemble the World Cup trophy has been given a red card from the tournament’s organizer. Cosmic Charlies co-owner Sean Kady said a law firm representing FIFA sent a letter Friday to both of his stores demanding he stop selling the golden bongs because they infringe on the organizer's copyright. |
| 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. |
| 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. |