Global Cannabis Sales Topped $21B in 2020
Thu / Mar 4th
A recent BDSA report found that global cannabis sales reached nearly $21.3 billion last year.
Canada cannabis was first legalized for medical use in 2001, and it was the first developed country to federally legalize adult-use cannabis in 2016. Below, you’ll find the latest breaking news and business developments from the Canadian cannabis industry:
Thu / Mar 4th
A recent BDSA report found that global cannabis sales reached nearly $21.3 billion last year.
Thu / Feb 18th
Chicago-based Verano Holdings Corp. is now trading on the Canadian Securities Exchange following its reverse takeover of Majesta Minerals Inc. on Wednesday.
Fri / Feb 5th
Legal adult-use cannabis sales in Canada finally outpaced the unregulated market during the third quarter of 2020, over two years since the country passed legalization.
Thu / Feb 4th
Springbig, a Florida-based cannabis loyalty marketing company, has acquired Canada’s BudTender, giving the company full access to cannabis retailers across the Great White North.
Fri / Jan 15th
Several CEOs of Canadian cannabis companies made the list of Canada’s top 100 highest-paid executives in 2019 across all industries.
Wed / Dec 16th
Aurora Cannabis has announced it will cut production at its Aurora Sky facility to just 25 percent of its previous capacity. The move will also lay off 214 workers.
Tue / Dec 8th
Ontario’s auditor general said the unregulated cannabis market is still thriving because the legally available products are of lower quality.
Thu / Dec 3rd
CannTrust, the embattled Canadian cannabis producer whose license was suspended amid multiple compliance violations last year, is launching two new brands after an 18-month remediation process.
Fri / Nov 20th
Canadian cannabis activists and law enforcement agencies both say that product from personal medical cannabis grows is being diverted into the unregulated market.
Tue / Nov 10th
Canada’s Aphria Inc. is purchasing SweetWater Brewing Co. — based in Atlanta, Georgia — for approximately USD $300 million.
Mon / Nov 9th
Canada’s Aurora Cannabis reported a slight increase in 2021 Q1 revenue over the fourth quarter of last year.
Fri / Oct 30th
Canadian researchers found that 43.5 percent of patients who started using medical cannabis to mitigate harmful alcohol consumption were able to reduce the frequency of their alcohol use.
Mon / Oct 12th
A recent survey suggests that most Canadian cannabis consumers are not comfortable talking about their cannabis use with their parents.
Tue / Oct 6th
Aurora Cannabis is facing a class-action lawsuit that alleges the company made “false and misleading statements” about its business, operational, and compliance policies.
Tue / Oct 6th
Canada’s MediPharm and European pharmaceutical firm STADA have signed an exclusive supply agreement for the distribution of medical cannabis products in Germany.
Mon / Oct 5th
Despite mass layoffs and losses exceeding $3 billion for the 2020 fiscal year, Aurora Cannabis executives received a 58 percent boost to their compensation awards — which totaled $9.8 million — and cash bonuses amounting to $700,000.
Fri / Sep 18th
Canadian cannabis events company Lift & Co. filed for bankruptcy after its events-based cash flow dried up due to coronavirus restrictions.
Thu / Sep 17th
The Canadian Automobile Association (CAA) has released a public education campaign that discourages teens and young adults from driving after eating cannabis-infused edibles.
Tue / Sep 15th
A survey of Canadian cannabis users found 72% say they don’t fit the “stoner” stereotype commonly depicted in movies and TV.
Mon / Sep 14th
Canada’s agriculture sector avoided the general economic decline caused by the COVID-19 pandemic because of a significant boost in cannabis sales.
Thu / Sep 3rd
Eight Canadian cannabis brands sent a joint letter to the Royal Canadian Mounted Police requesting law enforcement action against Weedmaps, who they say is hindering the legal industry by listing unlicensed dispensaries.
Tue / Sep 1st
California cannabis company Vibe Bioscience is set to acquire Cathedral Asset Holding Corporation, a wholly-owned subsidiary of Ventura Cannabis and Wellness Corp.
Fri / Aug 28th
The United States spent $1.49 billion on cannabis research between 2000 and 2018. Most of the funds were directed at understanding the potential harms of cannabis use.
Mon / Aug 24th
More than half of all cannabis sales in Canada still take place in the unregulated marketplace despite having federally legalized almost two years ago.
Website & branding by the Ganjapreneur in-house agency:
Uplifted cannabis industry branding & marketing.