Canada: Market and legal data analysis of the cannabis sector

Canadian cannabis firms ‘barely keeping their heads above water’ under tax load

Written by CannIntelligence | 22nd May 2024

Canada’s cannabis industry is warning more cannabis companies may be forced to close their doors in the coming months, after the Canadian government failed to deliver excise duty relief in this year’s federal budget ...

Canada’s Indigenous communities could earn millions with cannabis tax scheme

Written by CannIntelligence | 30th April 2024

The Canadian government has unveiled plans to allow Indigenous governments to levy a new tax on alcohol, cannabis, tobacco, fuel and vaping products sold in their communities, which could net them millions of dollars ...

Canada sets up advisory group to address issues in and build the cannabis industry

Written by CannIntelligence | 4th April 2024

The Canadian government has set up a special advisory group to bring industry leaders and government officials around the same table in a bid to address the problems the country’s cannabis industry is facing ...

Report recommends changes to Canada’s cannabis law to deal with industry issues

Written by CannIntelligence | 3rd April 2024

An expert panel report that could set the stage for changes in coming months in the way cannabis is bought, sold and marketed across Canada is recommending wide-ranging amendments to the country’s cannabis law ...

The rise of cannabis clubs in Europe – the grassroots model regulators are adopting

Written by Tiziana Cauli | 12th February 2024

The cannabis social club model is now being incorporated by multiple European regulators. Born and developed outside a legal framework, it originated as an attempt to regulate cannabis production and consumption ...

Canadian cannabis company Organigram gets $90m from BAT to fund expansion

Written by Antonia Di Lorenzo | 10th November 2023

A British American Tobacco (BAT) subsidiary is investing a further CAD124.6m (USD90.2m) in its strategic partnership with Canadian licensed cannabis producer Organigram ...

Struggling industry blames FDA as Canadian companies leave US market

Written by CannIntelligence | 7th September 2023

Another major Canadian cannabinoid company is leaving the US market amid concerns over the regulatory environment some say the US Food and Drug Administration has caused ...

Cannabis companies shed US assets to focus on more lucrative markets

Written by Lorraine Mullaney | 27th July 2023

Major cannabis firms are streamlining their North American operations and reallocating resources toward markets with what they see as more long-term growth potential ...

Is the cannabis sector failing to ensure gender equality at its own expense?

Written by Tiziana Cauli | 17th July 2023

Women started entering the cannabis sector right at its beginning, and by 2015 over one third of US executives in cannabis companies were female. In 2017 this figure was down to 26% ...

The current state and future hope of Canada’s cannabis consumption cafés

Written by CannIntelligence | 14th July 2023

When it comes to rules for businesses like cannabis consumption lounges, Canadian entrepreneurs face a complicated patchwork quilt of provincial and municipal laws ...

Canopy Growth takes stock for fiscal year 2023, looks ahead to new deals and ideas

Written by Freddie Dawson | 26th June 2023

Canopy Growth will stop producing its own cannabis beverages, edibles, vapes and extracts as it continues to look at ways to increase profitability. Using a third-party sourcing model for these products will allow it to...

Canadian cannabis policies give the lawbreakers an edge, says watchdog

Written by CannIntelligence | 1st June 2023

Canada’s Competition Bureau says federal government policies are making it more difficult for the country’s fledgling legal cannabis industry to compete with the illegal market ...

Mexican presidents past and present have public spat over cannabis permits

Written by CannIntelligence | 5th May 2023

Mexican president Andrés Manuel López Obrador alleged that cannabis permits awarded to companies linked to former president Vicente Fox in 2018 involved influence peddling and corruption ...

A year of ups and downs for Canadian producer Rubicon Organics in 2022

Written by Antonia Di Lorenzo | 27th April 2023

Producer Rubicon Organics delivered net revenue of CAD35.5m (USD26.1m) for the year ending 31st December 2022, which represents significant net revenue growth of 57% compared to 2021 ...

Pharmaceutical cannabinoid companies in Canada, US release positive results

Written by Antonia Di Lorenzo | 26th April 2023

Avicanna in Toronto reported total fiscal 2022 revenue up 24% from fiscal 2021, while in Pennsylvania, Zynerba Pharmaceuticals reduced its net loss last year by over $2m ...

On the brink? After four legal years, Canada’s cannabis trade is in trouble

Written by CannIntelligence | 19th April 2023

More than four years after Canada legalised cannabis, many cannabis firms are struggling – as Taylor Giovannini, founder of Newfoundland company Oceanic Releaf, told prime minister Justin Trudeau ...

IMC 2022 revenue up 60% as it leaves Canada, focuses on Israel and Germany

Written by Antonia Di Lorenzo | 11th April 2023

International cannabis company IM Cannabis (IMC) reported a significant rise in its revenue for the whole of 2022 as well as the last quarter of the year ...

Cronos sees losses down, net revenue up due to higher sales in Canada and Israel

Written by Antonia Di Lorenzo | 9th March 2023

Canadian cannabis producer Cronos Group saw overall reduced losses for the year, with results helped by sales growth in Canada and Israel but hindered by lower sales in the US ...

It’s double-your-money time for Heritage as Canadian and US revenues stack up

Written by Antonia Di Lorenzo | 7th March 2023

Heritage Cannabis enjoyed more than doubled its revenue for the year ended October 2022, despite the challenging regulatory environment in the US ...

Twitter announces changes to its cannabis ad policy, but what’s changed?

Written by Tiziana Cauli | 17th February 2023

Twitter’s recently announced “change” in the social media platform’s policy to allow cannabis advertisements in the US is full of sound but signifies nothing ...

Voyager ventures into Poland for post-Brexit access to European CBD market

Written by Lorraine Mullaney | 8th February 2023

British CBD and hemp brand Voyager has facilitated easier access to the EU market by acquiring a CBD extraction and manufacturing facility in Poland for £1.5m (€1.69m) ...

Developing countries could get economic boost from industrial hemp, says UN

Written by Tiziana Cauli | 25th January 2023

Government and industry representatives from around the world met in Geneva last week to hear about the “significant economic opportunities” offered by industrial hemp and the need for greater clarity on its legal status ...

Canada’s annual cannabis survey reports growing public reliance on legal sources

Written by CannIntelligence | 3rd January 2023

A growing number of Canadians are turning to legal sources for cannabis, according to a new survey commissioned by the government, with just 4% of users admitting to buying from illicit sellers ...

Is 2023 the year for the great leap forward on cannabis regulation?

Written by Freddie Dawson | 3rd January 2023

Will 2023 be the year that some fairly major changes start to roll in for cannabis and cannabinoids? It's possible ...

Advocates for psylocibin as therapeutic treatment push Canadian government

Written by CannIntelligence | 16th December 2022

Canadian advocates for therapeutic access to psilocybin are ramping up their efforts to get the federal government to grant exemptions to the country’s drug laws so patients and healthcare providers can legally access the drug...

Glasses raised to Canada’s relaxation of the purchasing limit on cannabis drinks

Written by CannIntelligence | 15th December 2022

Canada’s cannabis industry is toasting the federal government’s announcement of new regulations that will dramatically increase the number of cannabis drinks consumers can buy at one time ...

Canopy Growth restructures from the top to focus on ‘areas of greatest opportunity’

Written by CannIntelligence | 7th December 2022

One of Canada’s largest cannabis companies has announced plans to restructure in a bid to achieve profitability and set the stage for expansion into the US market ...

Canopy Growth sets up strong US arm, ready for federal cannabis legalisation

Written by Lorraine Mullaney | 6th December 2022

Ontario-based cannabis firm Canopy Growth has created a US-domiciled holding company to fast-track its expansion into “the world’s fastest-growing cannabis market” ...

Tobacco giant invests $57m as Charlotte’s Web continues to spin its net wider

Written by Tiziana Cauli | 1st December 2022

British American Tobacco (BAT) has invested nearly $57m in Charlotte’s Web, as the Colorado, US-based CBD maker keeps broadening the spectrum of its partnerships ...

Grey area over medical cannabis regime in Mexico leaves industry pessimistic

Written by CannIntelligence | 28th November 2022

Members of the Mexican cannabis sector have told CannIntelligence they are pessimistic about whether the framework to regulate the national medical cannabis industry will be implemented before 2024 ...

Tilray bets on cannabis-infused drinks, grows distribution network in the US

Written by Lorraine Mullaney | 25th November 2022

Tilray Brands continues to show signs of confidence in the future of cannabis-infused drinks by adding more beverage firms to its portfolio and building a distribution network ...

Canadian cannabis industry lobbies to reduce taxes to save companies

Written by CannIntelligence | 24th October 2022

Canada’s cannabis industry has launched a lobbying blitz, warning that the federal government must act quickly to reduce excise duties and fees on the industry or risk many Canadian cannabis companies going out of business...

Cannabis consumption up, cigarette smoking down in latest US Gallup poll

Written by Tiziana Cauli | 18th October 2022

Smoking cigarettes is going out of fashion, but having smoked cannabis is becoming much more common in the US, according to recent research conducted by analytics and polling firm Gallup ...

Aurora enjoys a profitable new dawn in international medical cannabis markets

Written by Antonia Di Lorenzo | 12th October 2022

Canadian company Aurora Cannabis has seen continued growth in its international business thanks to an increasing presence in emerging medical cannabis markets, notably Germany, the UK, Australia and Poland ...

SNDL/Valens merger set to establish a global leader in adult-use cannabis

Written by Lorraine Mullaney | 11th October 2022

Canadian firms SNDL and Valens are merging in a CAD138m deal that aims to establish one of Canada’s largest adult-use cannabis manufacturers and retailers and a global leader in cannabis products ...

Legalisation is ‘least bad solution’ to cannabis consumption in France

Written by CannIntelligence | 7th October 2022

The senator leading a bid to legalise recreational cannabis in France has called legalisation “the least bad solution” to addressing cannabis consumption in the country, and has said he does not expect any measure to...

German officials contest Tilray’s report of meeting on cannabis legalisation

Written by CannIntelligence | 7th October 2022

Tilray Brands’ report of a meeting with government officials over the planned legalisation of adult-use cannabis in Germany has been questioned by some of the officials who were present ...

Bermuda to keep pushing for cannabis legalisation in wake of bill denial by UK

Written by CannIntelligence | 3rd October 2022

Bermudan lawmakers are vexed that UK authorities have not granted assent for a cannabis legalisation bill in the British Overseas Territory despite other commonwealth nations with the UK monarchy as their nominal head of state...

Croatian cannabis and hemp business owners feel the ‘unfair’ weight of the law

Written by Lorraine Mullaney | 30th September 2022

A Croatian hemp producer is challenging the interpretation used by law enforcement to oppose the sale of hemp flower in the country ...

'Good but needs improvement' – Canada reviews its four-year-old cannabis law

Written by CannIntelligence | 28th September 2022

The Canadian government has launched its long-awaited review of the country’s cannabis law, saying the existing legislation is a good start but needs to be improved ...

French hemp industry trade association wants consortium to fill EFSA’s data gap

Written by Lorraine Mullaney | 21st September 2022

A French hemp trade association believes the consortium approach applied in the initial European novel food application process could again be the solution to the requests for extra data that have stalled assessments ...

Calls for changes in Canadian cannabis laws as strikes cause supply issues

Written by CannIntelligence | 9th September 2022

Canada’s cannabis industry is calling for changes in the way cannabis products are distributed and sold in some parts of the country after labour disputes in two provinces have led to strikes and forced some...

Views invited as Health Canada moves on prescription-free CBD product sales

Written by CannIntelligence | 18th August 2022

Canada has moved a step closer to allowing some health products containing CBD to be sold without a prescription as Health Canada embarks on consultation over regulatory plans ...

Different regulatory pressures driving innovation in cash services to cannabis

Written by Lorraine Mullaney | 2nd August 2022

Regulatory change in Canada’s provinces, and the lack of it at federal level in the US, are both encouraging innovation by providers of financial services to cannabis businesses ...

Are psychedelics set to follow cannabis into mainstream medical acceptance?

Written by Lorraine Mullaney | 21st July 2022

Psychedelics are having another moment in the spotlight. But is the heightened awareness just hype, or have these once-taboo substances been permanently rehabilitated? ...

Neptune Wellness joins the exodus from Canada's troubled cannabis market

Written by Lorraine Mullaney | 14th July 2022

Quebec-based Neptune Wellness Solutions has become the latest firm to exit the Canadian cannabis market, switching focus to its consumer packaged goods business, where it sees more potential ...

International acquisitions chase share of growing global medicinal market

Written by Lorraine Mullaney | 11th July 2022

The growth potential of demand for medicinal cannabis is inspiring cross-border acquisitions of pharmaceutical brands as businesses scale up to take a bigger slice of the global market ...

Consumer trends and regulatory hurdles leave recycling schemes high and dry

Written by Freddie Dawson | 28th June 2022

Changing consumer trends have been blamed for the failure of a Canadian pilot programme for returning and recycling cannabis vaping devices ...

Canadian and US firms set sights on promising German cannabis market

Written by Lorraine Mullaney | 22nd June 2022

North American cannabis firms are attempting to muscle in on the German medical cannabis scene – possibly in an attempt to establish themselves in the market before a recreational regime is established ...

Canada can teach Germany about pitfalls of legalising recreational cannabis

Written by Lorraine Mullaney | 17th June 2022

Germany should plan ahead to avoid problems which have plagued governments that have already legalised recreational cannabis on top of medical cannabis ...

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