Ottawa, Ontario: Sales of alcohol and cannabis in Canada are on opposite trajectories, according to data provided by Statistics Canada, the national statistical agency of the Canadian government. For the fiscal year ending March 31, 2024, sales of alcoholic beverages experienced historic declines, with beer sales experiencing the largest overall decrease. In comparison, “Sales … [Read more...] about Analysis: Historic Drop in Alcohol Sales as Legal Cannabis Sales Spike
Canada
Amended Regulations For Canada’s Cannabis Industry
Recent amendments made by Health Canada to cannabis regulations aim to reduce regulatory burden, support diversity and competition within the industry; while maintaining public health and public safety objectives. On March 12, new rules amending certain regulations concerning cannabis came into force for license holders, in the biggest shake-up to guidelines since legalisation. … [Read more...] about Amended Regulations For Canada’s Cannabis Industry
Foreign cannabis company buying up American brewers
A Canadian cannabis company is tapping into a flailing American industry: craft beer. The cannabis company has purchased multiple United States craft breweries, thus becoming the fifth-largest craft brewer in the U.S. as a result. According to The Wall Street Journal, Tilray Brands has purchased a total of 18 craft beer companies including SweetWater, Montauk, and Shock … [Read more...] about Foreign cannabis company buying up American brewers
Cannabis Xpress settles pay-to-play allegations in Ontario for CA$100,000
Canadian-based marijuana retailer Cannabis Xpress will pay a fine of 100,000 Canadian dollars (roughly $71,421) to Ontario regulators for violating the province’s anti-inducement law. The Alcohol and Gaming Commission of Ontario (AGCO) initially fined Cannabis Xpress CA$200,000 in April for masking a banned “pay-to-play scheme” involving at least 61 licensed producers (LPs) as … [Read more...] about Cannabis Xpress settles pay-to-play allegations in Ontario for CA$100,000
Village Farms International and Hemp for Victory File Joint Motion to Disqualify DEA from Oversight of Proposed Marijuana Rescheduling Process
ORLANDO, Fla. and VANCOUVER, British Columbia, (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) and Hemp for Victory (collectively, “The Parties”), today announced that they have filed a joint motion which seeks the immediate disqualification and removal of the Drug Enforcement Administration (“DEA” or the “Agency”) from … [Read more...] about Village Farms International and Hemp for Victory File Joint Motion to Disqualify DEA from Oversight of Proposed Marijuana Rescheduling Process
Weed Delivery: Navigating the Toronto Cannabis Scene
As cannabis legalisation becomes more widespread, the convenience of weed delivery is transforming how enthusiasts across Canada access their favourite products. With various options available, from same-day delivery by local dispensaries to mail-order services nationwide, customers can explore a plethora of strains, edibles, and more without leaving their homes. The … [Read more...] about Weed Delivery: Navigating the Toronto Cannabis Scene
Cannabis Sales In Canada Decline Sharply: What’s Behind The Drop?
The Canadian cannabis market, once a beacon of growth, is facing turbulent times as recent data reveals a sharp decline in sales. As New Cannabis Ventures reported, Statistics Canada’s June retail sales figures show a 2.8% drop from May, with total sales falling to C$402.0 million. This marks an 8.2% decrease from the same period last year, a stark contrast to the double-digit … [Read more...] about Cannabis Sales In Canada Decline Sharply: What’s Behind The Drop?
Research finds increase in emergency room visits linked to cannabis poisoning among older adults
Older marijuana users are ending up in emergency rooms at higher rates since legal cannabis products — and in particular, edible cannabis products, like gummies — have become more broadly available, according to new research out of Canada. The findings, published May 20 in JAMA Internal Medicine, align with trends in the U.S., where edible cannabis is also behind an increasing … [Read more...] about Research finds increase in emergency room visits linked to cannabis poisoning among older adults
Survey: 69% of Canadian cannabis consumers ‘always’ buy legal products
Canada’s federally regulated marijuana industry captured more illicit-market share than ever in 2023, the government’s annual Canadian Cannabis Survey suggests. Illicit-market capture is a crucial metric for legal cannabis businesses as it represents their actual total addressable market (TAM), or the revenue opportunity available for businesses operating on the legal side of … [Read more...] about Survey: 69% of Canadian cannabis consumers ‘always’ buy legal products
Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018
In 2022 and the first half of 2023, Canada went through a whopping 611.7 million grams (yeah, that’s 1.3 million pounds) of cannabis dried bud, but not in a fun way. All of the marijuana in question was tossed out by licensed producers as the result of a disparity between how much is grown and how much people use. They chucked out nearly 44% more than the 425.3 million grams … [Read more...] about Wasted Weed: Canada’s Disposal of 3.7 Million Pounds of Cannabis Since 2018
