And now it’s been two years… Canada’s legal cannabis market has hit a slowdown and obstacles – but key changes on the horizon are sure to spur growth.
Topic Summary of piece Data from StatsCan reveals that the legal cannabis market is at 46 per cent of the total cannabis market in Canada (sales figures). Two years since legalization the illegal market still owns most sales – though by a slim margin. Some factors that contribute to this sales pattern include too few […]
The impact of a pandemic on cannabis sales
Topic Summary of piece Cannabis sales have soared during this COVID-19 pandemic. The increase is a clear outcome of the extended, mandatory, stay-at-home measures and closures of businesses. Excerpts “Cannabis purchases rose as much as 600 per cent since the beginning of March in Canada’s biggest market thanks to stockpiling by consumers during the COVID-19 […]
The growing concern of cannabis use among elders
Topic Summary of piece Cannabis use among senior citizens has increased in recent years and has become a growing concern for health professionals. Excerpts “The numbers of American seniors over age 65 who now smoke marijuana or use edibles increased two-fold between 2015 and 2018, according to research published Monday in JAMA.” Re:Mark The introduction of legal cannabis has resulted in an increase in use by seniors over the age of […]
Edible Shortage
Topic Summary of piece The introduction of Cannabis 2.0 products resulted in high demand from recreational consumers. With stores processing thousands of transactions, the demands will only increase exponentially over time. Excerpts “Stores are selling out of the pot-laced gummies, cookies and chocolates — as well as new vape and tea products — as soon […]
Buyer Beware!
Topic Summary of piece The legalization of CBD in the U.S. in 2018 has brought about a large number of online merchants who are abusing the convenience of e-commerce to mislead and misdirect consumers with false claims. CBD is regulated in Canada under the Cannabis Act. Health Canada oversees the production of cannabis products including […]
Legalization: One-year later
Topic Summary of piece One year after the legalization of cannabis, we’re not where we had originally expected to be – but we’re still far better off than before. Excerpts “Cannabis legalization doesn’t show signs of harming our society, but it isn’t running as well as hoped.” “Whatever the shortcomings of the current system, it […]
Supporting our veterans with medicinal marijuana
Topic Summary of piece The Federal Government’s effort to rein in the cost of reimbursements to veterans for their medical marijuana costs appears to have failed. New figures show Ottawa spent a record $75 million in the last fiscal year. Excerpts “The government cited rising costs and a lack of scientific evidence about the drug’s […]
Quality, Convenience, Value and Safety – pillars in Canada’s quest for a sustainable cannabis industry
Topic Summary of piece Statistics Canada released its quarterly report on cannabis usage for the period of April to June 2019. Glass half full or half empty? A large swath of Canadian cannabis users are still turning to the black market. Excerpts “About four in 10 marijuana users say they bought cannabis illegally.” – The […]
“Corporate governance and management best practices: these are mission-critical ingredients for survival in our complex cannabis industry.” – Mark Stermer
Topic Summary of piece Following the dismissal of CannTrust Holdings Inc. CEO, Peter Aceto (due to non-compliance with federal regulations), BNN Bloomberg obtained a letter written by the dismissed CEO to the board in which he expressed concerns over the company’s corporate governance practices. The CannTrust affair demonstrates the need for rock solid business and […]
“This is the first time the festival has run since cannabis became legal in Canada last October, and organizers say they are adhering to Quebec’s cannabis laws” – Shakti Langlois-Ortega, Global News
Topic Summary of piece Quebec-based music festival Osheaga announced on Twitter that they will allow guests to bring up to 30 grams of cannabis if it’s in an unopened container from a government source (i.e. the Quebec Cannabis Society – SQDC). Excerpts “We want to make sure that it is legal marijuana and not from […]
