The latest numbers from Statistics Canada show retail pot sales in Canada reached more than $260 million for the month of November.

It’s a slight dip from the previous month when nationwide sales reached more than $270 million, but a 93 per cent increase from a year ago, reports  New Cannabis Ventures.

In Nov. 2019, Canadians bought $135 million worth of cannabis.

Although the Canadian equity markets are trading closer to their all-time high, the rally in the following three stocks could continue, given their large addressable market and expanding market share.

Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary.

The shift away from 1-gram packages offers implications for both retailers and producers trying to keep up with shifting consumer preferences sparked by the pandemic. Despite the shift, the single-gram flower format – the smallest, cheapest size of marijuana bud available on the market – remains relatively popular in terms of unit sales. That suggests consumers haven’t given up on the package size altogether.

CannTrust Holdings Inc. said Wednesday it will put $50 million into a trust that will be earmarked for investors who filed class-action lawsuits against the company after it received a non-compliance order from Health Canada.

The move is to cover claims stemming from a production scandal that led federal regulators to suspend its ability to grow and produce legal pot.

The company said that the "restructuring support agreement" it entered into with plaintiffs still needs to be negotiated to finalize "in good faith."

CannTrust Holdings Inc. said Wednesday it will put $50 million into a trust that will be earmarked for investors who filed class-action lawsuits against the company after it received a non-compliance order from Health Canada.

The move is to cover claims stemming from a production scandal that led federal regulators to suspend its ability to grow and produce legal pot.

The company said that the "restructuring support agreement" it entered into with plaintiffs still needs to be negotiated to finalize "in good faith."

This story is adapted from From Seed to Success: How to Launch a Great Cannabis Cultivation Business in Record Time (2020) by Ryan Douglas

There were big expectations for the cannabis-infused food and beverage space leading up to the start of last year. Venture capital investment was increasing, seasoned executives were jumping into the trendy space and established players pledged to launch products. 

But 2020 was not the breakout year for cannabis that some had anticipated. 

Even without full federal legalization, the country's cannabis market was valued at over $13 billion in 2019 and, according to stats compiled by New Frontier Data, expected to reach $30 billion by 2025.

As five more states legalize it, consumer spending is only going to go up and e-commerce continues to drive innovation throughout this budding industry. 

While cannabis itself isn't legally sold online, a vast range of paraphernalia is readily available. This includes bongs, dab rigs, vaporizers, pipes, rolling papers, grinders and growing supplies. 

With all that competition, getting your brand to stand out can be daunting nor is it made any easier with restrictions on paid ads for the industry. Not easy, but not impossible either... 

Alcanna Inc. said Monday it is spinning off its cannabis retailer division and merging it with YSS Corp. in an all-stock deal that would value the combined company at about $130 million. 

The new company is expected to be renamed Nova Cannabis Inc. and will rebrand most of its retail footprint to Value Buds, a move that acknowledges the growing demand for cheaper cannabis in the Canadian recreational market. 

"This new offering, new Nova Cannabis, is really laser-focused on a segment of the marketplace that's proven to exist -- and that's the value-conscious consumer," said Darren Karasiuk, who will be the chief executive officer of the combined company and is a former chief commercial officer for Aurora Cannabis  Inc., in a broadcast interview.