Marijuana Business News

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stocks
business
Mon
21
Sep

Ontario is picking up the pace with cannabis retail stores, but staying in the game is no easy task

In December 2018, anticipating a cannabis retail boom in Ontario, aspiring retailer mihi held leases on 42 empty locations across the province.

Locked into contracts, the company was ready to be among the province’s first retail operators. That same month, however, citing a cannabis supply shortage, the Ontario government did something it had maintained it would not do. It capped the number of retail stores at 25, and introduced a much-maligned lottery system to allocate those licences.

Mon
21
Sep

Manitobans' input sought on new weed businesses

A provincial regulator is trying to gauge consumer and entrepreneurial interest in the licensing of new types of cannabis businesses, such as cafés that serve edibles and spas where topical cannabis products are applied.

"We are seeking the input of Manitobans to better understand their level of comfort with edible and ingestible cannabis products, licensed consumption spaces, and whether there is a desire for these types of businesses or services," said Kristianne Dechant, executive director and CEO of the Liquor, Gaming and Cannabis Authority of Manitoba (LGCA).

Mon
21
Sep

Is it time to start thinking about greener ways to package cannabis?

When Canada legalized cannabis in 2018, there was so much thought that went into production and logistics that packaging became an afterthought. Until it wasn’t.

Excessive, bulky packaging and plastic containers soon became the most uncool elements that both licensed producers and consumers had to deal with.

As per federal Cannabis Regulations, there are several mandates that licensed producers have to accommodate while packaging and selling cannabis products for the masses.

Fri
18
Sep

Will These Pot Stocks Start To Pick Up Momentum?

2 Top Marijuana Stocks To Watch For 2020

Fri
18
Sep

Dominion strike leaves central Newfoundland shoppers with no cannabis retailer

The almost four-week-old Dominion strike is turning into a major buzzkill for cannabis enthusiasts in central Newfoundland, who have been left with no retail outlets for miles.

Dominion was granted the only two initial retail licenses for cannabis sales in the central part of the province, and the store's contract dispute with Unifor Local 597 has led to the closure of both establishments — as well as eight others across the province.

"It's just a big bummer all around, really," said Jennifer Warren, a resident of Gambo. "You gotta order stuff online — and with COVID, too, the mail thing slows everything down."

Warren says cannabis is part of her daily routine with her boyfriend, but ordering by mail is just not the same.

Thu
17
Sep

Ontario Cannabis Store distribution centre opens in Guelph

A brand new facility responsible for receiving and distributing Ontario's cannabis has opened its doors in Guelph. 

While the facility has not been formally announced, Ontario Cannabis Store has already started recieving product, according to Daffyd Roderick, a spokesperson for the store. 

Roderick said the Ontario Cannabis Store sold 14 million grams of cannabis to Ontario's licensed retailers last quarter, flowing through their current distribution centre in Oakville.

The new distribution centre will be "the logistical hub that supports the cannabis sector in Ontario," Roderick said.

Wed
16
Sep

This Presidential Election Could Change The Game For Marijuana Stocks

Will These States Legalize Cannabis in 2020?

Wed
16
Sep

How To Battle Animal & Mold Infestations in Outdoor Cannabis Grows

All outdoor marijuana crops have the potential to be destroyed by one or two of the various problems lurking in the wilderness, unlike indoor growing where plants are protected. In checking on the crop, make sure to keep an eye on the little details that will spell trouble later. There are a few different things to look for:

Wed
16
Sep

Province moving its Ontario Cannabis Store distribution centre to Guelph

Guelph will soon be home to the provincial distribution centre for legal cannabis.

The Ontario Cannabis Store (OCS) distribution centre is relocating to Guelph from its Oakville location as the cannabis industry rapidly grows. 

“We have begun the process and we are looking to have the Guelph facility operational in early October,” said Daffyd Roderick, senior director of communications and social responsibility for OCS. 

“It will be running the exact same service. It’s just a much larger facility.”

Exact location and size of the facility were not revealed.

Wed
16
Sep

Pot producers including Canopy sued for $500M over supply dispute

A dispute over cannabis supply contracts has spilled over to an Ontario courtroom, with a group of cannabis producers including Canopy Growth Corp. being sued for $500 million in damages by a group of shareholders behind a Leamington, Ont.-based greenhouse facility. 

The lawsuit alleges that Canopy Growth, the firm's venture arm Canopy Rivers Inc., as well as TerrAscend Corp. and its Canadian subsidiary, have committed “bad faith, fraud, civil conspiracy, breach of the duty of honesty and good faith in contractual obligations, and breach of fiduciary duty,” according to court documents. 

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