News - Business (128 items)
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| 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). |
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| 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 30, 2025 |
Australia Legal Cannabis Market Report and Forecast 2025-2034 According to this report, the Australia legal cannabis market size reached approximately USD 88.10 million in 2024. Aided by the increasing acceptance of cannabis for medical use, supportive government policies, and the growing demand for cannabis-based products, the market is projected to grow at a CAGR of 26.8% between 2025 and 2034 to attain around USD 850.5 million by 2034. |
| 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 25, 2025 |
Marijuana Industry PAC Attacks Biden And Canada In New Ads Designed To Appeal To Trump A marijuana industry-funded political action committee (PAC) is attacking former President Joe Biden’s cannabis policy record as well as the nation of Canada, with new ads promoting sometimes misleading claims about the last administration while making the case that President Donald Trump can deliver on reform. |
| 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. |
| 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. |