Canada Marijuana Industry News

Stay Informed

Weekly International Marijuana News Delivered Right to Your Inbox!

We respect your privacy.

Canada’s Aphria reports loss, cuts revenue guidance for 2020

Aphria reported a net loss of 8 million Canadian dollars ($6.2 million) for the second quarter ending Nov. 30, 2019, and the Canadian cannabis producer lowered its fiscal 2020 revenue outlook. The company’s net revenue for the three-month period was CA$120.6 million, down from the previous quarter’s CA$126 million and lower than analyst expectations. Net […]

Read More

Canopy, Loblaw among 8 hopefuls to take over New Brunswick cannabis sales

An opportunity to exclusively operate New Brunswick’s recreational cannabis retail, wholesale and e-commerce platforms has drawn interest from a wide range of companies, including Canada’s largest food retailer and the biggest marijuana producer in the country. New Brunswick received eight proposals ahead of the Jan. 10 deadline to run the province’s adult-use cannabis retail system: […]

Read More

British Columbia cannabis tax revenue set to soar, adding to pressure for local revenue-sharing deal

British Columbia’s monthly share of the federal tax on cannabis rebounded 62% to 781,000 Canadian dollars ($600,000) for August after falling below CA$300,000 in July for only the second time since legalization. According to new data provided by the province, B.C. received CA$7.2 million in shared tax revenue from Ottawa between October 2018 and August […]

Read More

New medical cannabis sales opportunities in Peru face downward price pressure after winning company’s very low bid

The price offered by the winner of the first bidding process to supply medical cannabis in Peru came in well below that of other applicants,?setting a precedent for the market’s future and possibly limiting the revenue opportunities for other suppliers. According to government documentation obtained by?Marijuana Business Daily, Oregon-based Anden Naturals won the government’s supply […]

Read More

Will Horgan deliver for cannabis sector in 2020? Experts offer policy ideas for British Columbia’s premier

British Columbia has thus far failed to transition much of the thriving noncompliant cannabis market into the regulated fold. The province’s dismal sales through legal channels reached only 12 million Canadian dollars ($9 million) in August, suggesting something is not quite right with the province’s approach to cannabis policy. Indeed, while?British Columbia has opened the […]

Read More