The legalization of recreational cannabis in 2018 opened the doors for Canada to be a first-mover in what analysts predicted would be an exciting and lucrative industry. Although the cannabis industry has experienced significant business growth, recent headwinds have resulted in some cannabis companies starting to encounter short-term liquidity challenges as they grow their operations. […]
Canada
Aphria, Aurora And Other Big Ag Cannabis Companies Pull Out Of Jamaica
Canadian Licensed Producers (LP) of cannabis are leaving Jamaica in droves, due in part to stalled governemental decisions on export licenses. Aphria (TSE: APHA), is “halting all further investments in Latin America and the Caribbean,” said a former employee exclusively to Sara Brittany Somerset for Forbes online. Approximately 200 former Aphria employees were laid off […]
‘The legal stuff is garbage’: why Canada’s cannabis black market keeps thriving
Cannabis may be legal in Vancouver but visitors looking to score are likely to run into a seemingly counterintuitive suggestion: try the black market. Recreational marijuana was legalised across Canada in October 2018. And yet on Reddit, the specialist forum website used by millions every day, many of Vancouver’s cannabis connoisseurs still swear by their underground supply. This […]
How are Canadian cannabis companies protecting employees from COVID-19?
With limited paid sick leaves, can employees afford to self-quarantine? As health experts urge people to maintain social distancing, it remains to be seen how effectively Canadians can best practice this in the workplace. As far as federal legislation goes, there is no law in place that “requires employers to provide workers with paid sick […]
Indiva Partners With Award-Winning Wana Brands, Inc.
PRESS RELEASE Leading U.S.-based cannabis-infused products producer chooses Indiva as first global partner LONDON, Ontario – March 10, 2020: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is excited to announce that it has partnered with award-winning Wana Brands (“Wana”) to bring their innovative cannabis-infused products to Canada. Wana is the premiere U.S. edibles company […]
Canada’s Marijuana Sales Topped $110 Million in a Month for the First Time
One year ago, marijuana stocks were about the hottest investment on Wall Street. Today, they’re considered an investment that some wouldn’t touch with a 10-foot pole. The expectation had long been that Canadian pot sales would skyrocket as soon adult-use weed received the green light in licensed dispensaries. Unfortunately, things didn’t go as planned, with […]
Canada’s Lessons Learned from Legalizing Cannabis
Canadian employers have been concerned about workplace safety following the legalization of cannabis for recreational use in October 2018 and the arrival of edible products in the country’s retail market in December 2019. While Canadians now can legally consume cannabis products, employment and labor lawyers say this does not give employees the right to use […]
More pain in store for Canadian marijuana companies after Aurora Cannabis, Tilray cut jobs
Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis ACB.TO and Tilray TLRY.O announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana companies as fewer-than-expected retail stores, higher […]
Pot seizures jumped at U.S. border in the year after Canada legalized cannabis
Marijuana seizures at the U.S. border jumped in the year after Canada legalized recreational cannabis. Figures provided by the U.S. Customs and Border Protection (CBP) show American officers seized 2,214 kg of marijuana from travellers entering the U.S. between Nov. 1, 2018 and Oct. 31, 2019, up from just 1,259 kg over the same period […]
Health Canada to start testing cannabis vape emissions from products already on market Social Sharing
Agency tells CBC News it’s ‘expanding’ its ‘laboratory capability’ Health Canada says it’s preparing to test the health effects of inhaling substances emitted from cannabis vaping products that are already legally for sale in Canada. Agency spokesperson Eric Morrissette said in a statement this week it has “research underway” on the emissions of nicotine e-cigarettes […]
