Two years after recreational cannabis sales became legal in Canada, the industry is flourishing. Amidst the coronavirus pandemic, the Great White North’s legal marijuana industry is celebrating increased sales, more brick and mortar stores, and competitive pricing. Although the industry has struggled to compete with the black market ever since Canada legalized recreational cannabis in October 2018, it has recently…
In an effort to curb black-market sales, Michigan is planning to ease access to the recreational cannabis market next year. In March, Michigan will remove a prerequisite that was included with good intentions but has unintentionally complicated the fight against unlicensed, black market cannabis, the state Marijuana Regulatory Agency announced. From March next year, certain licensed recreational marijuana businesses will…
In July, sales of adult-use marijuana in Canada were recorded at CA$231 million, which is a 15.2% growth. The retail sales, which equate to $175.6 million, beat the previous months’ sales record of CA$201 million ($151 million). This shows that the annual Canadian cannabis market may be worth about CA$2.8 billion ($2.1bn). Statistics Canada reported last Friday that the monthly…
CALGARY, AB, Sept. 22, 2020 /CNW/ – High Tide Inc. (“High Tide” or the “Company“) (CSE: HITI) (OTCQB: HITIF) (FRA: 2LY) and Namaste Technologies Inc. (“Namaste”) (TSXV:N) (FRANKFURT:M5BQ) (OTCMKTS:NXTTF) today announced that wholly-owned subsidiaries of each corporation recently entered into a CannMart Marketplace Agreement pursuant to which High Tide, via Canna Cabana (SK) Inc. as a licensed retailer by the Saskatchewan Liquor and Gaming…
Kelowna, BC – TheNewswire – August 12, 2020 – GTEC Holdings Ltd. (TSXV:GTEC) (OTC:GGTTF) (FRA:1BUP) (“GTEC”, the “Company” or “GTEC Cannabis Co.”) is pleased to announce it has completed its shipment to fulfill an initial purchase order from the Ontario Cannabis Store (“OCS”). The delivery marks an important milestone for GTEC in expanding its recreational distribution to Canada’s largest Provincial cannabis market. The Ontario launch consists of five unique product…
Both cannabis markets are drawing attention. How are these two companies approaching these segments? READ MORE: https://finance.yahoo.com/m/ea5680c0-fe91-3b10-ae6b-5778e70edf1e/medical-vs.-recreational.html?.tsrc=rss
Canopy Growth Corp., the largest cannabis company by market value, plunged in early trading Friday after reporting a decline in recreational marijuana use in Canada. The cannabis producer also pushed back its target date to reach profitability. Fourth-quarter revenue from recreational sales fell 28% from a year earlier, according to Canopy’s earnings report for the period ended March 31. Sales…
No one would ever have thought the new decade would dawn like this. Three months into the year, a novel Coronavirus that originated from Wuhan, China has infected over 2 million people and claimed at least 120,000 lives. Experts say the virus could end up infecting over 70% of the world’s population. Once the gravity of the situation settled in,…
AUSTIN, Texas & CHICAGO & SAN FRANCISCO–(BUSINESS WIRE)–Government technology firm CityBase has partnered with the City and County of San Francisco to launch a new online recreational cannabis business licensing system, enabling companies that want to sell cannabis to submit their permit applications and fees in one place. CityBase is a business unit of GTY Technology Holdings Inc. (Nasdaq:GTYH) (“GTY”),…
During a radio interview on Monday, Cynthia Seivwright, the director of the Department of Health’s Alcohol and Drug Abuse Program in Vermont, said that compared to the current policy, public health would be better protected by regulating marijuana commerce in the state. She made the remarks on WDEV’s Dave Gram Show while discussing the relationship between cannabis-related health issues and…
Michigan is one of the 11 US states that have legalized recreational cannabis. In November 2018, Michigan residents voted in favor of legalization. READ MORE: https://finance.yahoo.com/m/3475fd64-c5a4-30a8-a8aa-52e4c04ac0ab/recreational-cannabis:-how-is.html?.tsrc=rss
VANCOUVER, Sept. 10, 2019 /CNW/ – Zenabis Global Inc. (TSX:ZENA) (“Zenabis” or the “Company“) today announced that it has entered into a Supply Agreement with the Ontario Cannabis Retail Corporation (“OCS”) to supply adult-use recreational cannabis to retailers throughout the province. Zenabis will begin supplying OCS with 21 distinct, adult-use cannabis products under its premium Namaste and Blazery brands, in the third…