Marijuana Business News

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Tue
09
Mar

Health Canada probing cannabis labelling amid Canopy Growth potency complaint

Health Canada is investigating complaints alleging inaccurately-labelled potency levels for some products sold by licensed pot producers, including industry leader Canopy Growth Corp. 

The Smiths Falls, Ont.-based cannabis producer was called out by a rival in a complaint submitted to Health Canada's Cannabis Compliance Directorate last month. According to a copy of the document obtained by BNN Bloomberg, the complaint centres on sales of Canopy’s TWD brand that displays a flat 20-per-cent tetrahydrocannabinol (THC) potency for 18 separate batches of its cannabis products. 

Mon
08
Mar

Cannabis Market Could Reach $90 Billion By 2026

According to a careful estimate, the marijuana market is expected to reach $90.4 billion by 2026. In 2020, the marijuana industry was valued at $20.5 billion. These numbers clearly show that Marijuana is going to lead the world of e-cigarettes in the coming years. So, if you are wondering how it will take over the industry, you have come to the right place because this blog is just the thing that you need to read to know about the future of both Marijuana and the vape industry. 

Mon
08
Mar

Why Ontario pot retailers are worried about a new wave of cannabis stores set to hit the market

After a stalled rollout, Ontario is aiming to approve dozens of cannabis retail outlets each week with the goal of hitting 1,000 stores across the province by the fall.

But the prospect of more competition, especially during a pandemic, has some in the industry predicting a shakeout in the marijuana marketplace.

 

Vivianne Wilson, the founder and president of GreenPort Cannabis on College Street in the heart of Little Italy, opened her story on Oct. 17, 2020 after waiting almost a year to get it approved.

"We opened during the pandemic, so we don't know what normal is. As soon as we opened we were on lockdown again so people can't come into the store," she said. Wilson added that the retail experience is how she hoped to differentiate her store.

Mon
08
Mar

Ontario captured 40% of legal pot market in 2020, still lags national share

After two years of legalization, Ontario continues to eat away at the illicit cannabis market. 
 
Data provided by the Ontario Cannabis Store (OCS) shows that the province secured roughly 40 per cent of the legal market by the end of last year. That's more than double what the legal market controlled a year earlier, but still lags behind the 52 per cent of the national legal share of recreational cannabis sales, as COVID-19 lockdowns weighed on retailers. 

Mon
08
Mar

Sustainable Cannabis — How To Find It And Why You Need To Start Caring

Despite more Americans supporting federal legalization of cannabis, many people still don’t know about the industry’s potential to harm the environment.

Just like other agricultural commodities, there are environmental impacts involved when growing cannabis. But many consumers don’t know, or simply don’t care how their cannabis was grown or even if it was sprayed with harmful chemical pesticides.

Tons of carbon is emitted into the atmosphere too just to grow a single cannabis plant. However, there is a growing number of people who do care how their cannabis was grown, and if they are produced with care to reduce its impact on the environment.

Fri
05
Mar

Cannabis in Canada – Everything you MUST know!

In 2018, Canada made a historical decision by legalizing medicinal and recreational marijuana. It is also the first G7 nation to allow marijuana use. Even after two years, the demand for marijuana keeps on rising in Canada.

If you’re a cannabis connoisseur, read on to learn amazing facts about cannabis in Canada.

Cannabis Legalization in Canada

After prohibiting cannabis for almost 80 years, the Canadian government launched the Marihuana Medical Access Regulations (MMAR) program in 2001. This policy allowed legal access to marijuana for Canadians who couldn’t find relief through regular medication.

The MMAR ultimately transformed into the Marihuana for Medical Purposes Regulations (MMPR) in 2013, having a more liberal approach.

Fri
05
Mar

10 Ottawa-area cannabis stores prized for their customer service and selection

More than two years after legalization, it’s almost hard to imagine what life was like before.

With many cannabis retailers across the Ottawa area, there’s no shortage of choice for consumers, but certain stores stand out from the pack. Here are 10 of the area’s premier locations, prized for their knowledge, customer service and selection

Big River Cannabis

Fri
05
Mar

Retail Prices for Marijuana Rise in Response to Record Demand

The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state collectively grew 17 percent, with the price of pre-rolls also increasing 15 percent.

The retail data, provided by Seattle-based cannabis analytics company Headset, reflects the average item price for the past 90 days compared to the same period last year. The rise in prices is good news for cannabis retailers, because wholesale flower prices continue to increase because of robust consumer demand.

Fri
05
Mar

Why It's Not Too Late to Tap into the CBD Market

CBD (cannabidiol) is one of the most controversial topics of the instant. The rising popularity of CBD involves the commencement of many research studies about the benefits of this substrate. The information obtained is not only proving the real positive effects of CBD on human health, but also affixes more properties to be investigated and tested. If during the last decade the CBD market was one of the demanded ones  today it is the most demanded due to constant increase of consumers and rising interest towards CBD.

Are We Late to Tap Into the CBD Market?

Not really! Here are some reasons why it is not late to tap into this market and make profit of its rising popularity.

Fri
05
Mar

Why Companies Are Integrating AI Into Industrial Cannabis Cultivation

Technology’s constant innovation has forced many industries to start adapting to mechanical and automated processes to take advantage of these brand new economies of scale. In the last decade or so, this technological integration has been driven by machine learning and artificial intelligence (AI), the next step in enhancing the precision, automation, and productivity of industrial processes. The cannabis industry is no exception. In an environment where figures like temperature and THC concentration can make or break an entire batch of product, AI has become an integral part of industrial cannabis cultivation. 

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