Marijuana is becoming an increasingly important part of the Canadian economy. According to data released Friday by the government's Statistics Canada, the cannabis industry's economic production totaled contributed just over $8.65 billion Canadian ($6.45 billion) in May. That's the highest level recorded so far this year, topping the $8.32 billion ($6.20 billion) of March.

How This Summer Could Continue to Push the Boundaries of Pot Stock Growth

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No one was expecting COVID-19 to hit businesses worldwide so hard, but the designers of a new cannabis shop that opened its doors in Toronto’s Beaches area this week may be feeling prescient.

The family-owned and operated shop called The Neighbourhood Joint (TNJ) features a built-in pneumatic tube system that is not only a nod to how information was transferred between city hall reporters and newspapers in the 1930s, but also contributes to answering the modern and pressing issue of COVID-19.

More Canadians may be indulging in quarantine kush during the COVID-19 pandemic as retail cannabis sales reached new peaks in May.

Statistics Canada data released Tuesday showed a four-per-cent swell from April to May, with sales reaching a record $186 million.

“In times like this I do think that vices go up,” said Cameron Brown, spokesperson for Toronto cannabis store The Hunny Pot Cannabis Co.

Black markets and grey markets pervade daily life in nearly every way. The idea of below board brands, or fakes markets are certainly nothing new. What do they mean to the newly legal cannabis market? And what are the problems that have been popping up as cannabis becomes the new darling of legally sold goods?

A new report found that price was the second biggest factor for consumers when making CBD purchase decisions.

While the healthcare sector is fighting to reach the finish line of finding a cure for coronavirus and putting an end to the worldwide misery it causes, cannabis is proving relief to people dealing with this crisis. This has put the cannabis sector in the limelight again -- not only highlighting the medical benefits of marijuana, but also giving an idea about the potential of this sector.

A record number of Canada’s largest businesses are seeking protection from creditors, a testament to the strains companies are under because of the coronavirus pandemic.

In the three months through June, 27 firms were granted protection under the Companies’ Creditors Arrangement Act, a federal law that gives insolvent corporations that have debt of more than $5 million an opportunity to restructure and avoid liquidation. That’s the most in any quarter since 2009, which is as far back as the data are available, according to the Office of the Superintendent of Bankruptcy.

May and June saw 10 and 12 orders granting protection, respectively, under the CCAA. The average since 2009 is three a month. Previously, the highest monthly total was nine, in December 2011.

British Columbian farmers experienced record sales in 2019 – and it’s in large part thanks to weed, according to