Retailers are wasting no time in trying to get a piece of Ontario’s pot pie.

The province received a whopping estimated 450 Retail Store Authorization (RSA) submissions on March 2, the first day Ontario began accepting the applications, Marijuana Business Daily reports.

After two highly-contested and much-criticized lotteries, Ontario is embracing an open-market system of store allocation.

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One of the most significant themes of the cannabis industry is related to Canadian market and the rollout of new products. This opportunity is being referred to as cannabis 2.0 and we believe that this represents a major growth opportunity for companies that are levered to it.

Cannabis And Fine Edibles (CAFE), Ontario's largest independent cannabis retailer, today announced that it has become a member of the Canadian Cannabis Retailers Union (CCRU; www.ccru.ca), the country's preeminent cannabis retail industry association. As a member of the CCRU, CAFE commits to upholding the highest standards of responsible cannabis sales and employee education and training. 

Specifically, CAFE and other CCRU retail members are required to implement the following measures to ensure they operate safe stores which are both consumer friendly and respect surrounding communities:

As business grows for the legalized cannabis industry in America so can foreign investment. Yet the nuances of America’s growing cannabis industry can present obstacles that investors need to be aware of before jumping into the legalized marijuana space. It’s equally important for anyone looking to work with foreign investors to also be aware of these roadblocks. By understanding them—and the possible workarounds —you can unlock untapped investor money.

Following a stunning first quarter of 2019, which saw more than a dozen popular cannabis stocks rally by at least 70%, the past 11 months have been nothing short of a train wreck for the green rush. Supply issues (both shortages and bottlenecks) have plagued the adult-use legal Canadian market, while wide price gaps between legal and illicit weed have led to struggles for vertically integrated multistate operators in the United States.

The notion of limiting THC in cannabis products is one that is as old as legalization itself. It’s almost as if government officials feel they are losing control over part of people’s lives and want to do what they can to retain as much control as possible.

Since Canada legalized weed in October of 2018, cannabis companies have been struggling to compete with the still-thriving black market in the country. 

In an effort to sway consumers toward legal marijuana, several Canadian cannabis businesses opted to launch new low-cost products.

Last year, Ottawa-based Hexo Corp announced a new product dubbed Original Stash that retails for $125.70 for a 28-gram package.

Now other companies are joining in with their respective lower-priced variants.

In April, Canopy Growth plans to launch Twd. – a one-ounce product that will sell for $4 per gram. The company says Twd. will feature a THC content of 13% to 25%.

Tilray Inc. reported disappointing fourth-quarter results late Monday including a steep quarterly net loss and a sequential drop in cannabis sales.

Nanaimo, B.C.-based Tilray said its revenue came to US$46.9 million in its fourth quarter, a 202-per-cent increase from the same period last year, but an eight-per-cent drop from the prior three-month period. The company reported a net loss of US$219.1 million, which it attributed to an impairment charge of US$112 million, as well as operating expense increases and the expansion of its international teams. Adjusted EBITDA came to a US$35.3 million loss.