Narbe Alexandrian did not see COVID-19 coming, and that’s okay. As chief executive officer of the cannabis venture capital firm Canopy Rivers (RIV.TO), he’s not in the business of predicting pandemics. What he did see prior to 2020 were cracks forming in the business model that has dominated legal cannabis in Canada since its inception: […]
Canada
Restructuring issues and challenges in the cannabis industry
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. […]
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 […]
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 […]
A Glimpse Of the US Future: Shoppers Drug Mart expands medical cannabis online sales to Canadian East Coast
Residents of Nova Scotia, New Brunswick and P.E.I. can now make purchases through pharmacy chain Canadian pharmacy giant Shoppers Drug Mart has expanded its online medical cannabis platform to Canada’s East Coast. As of today, residents of Nova Scotia, New Brunswick and Prince Edward Island can go online on the company’s website to make their […]
Temporary power, humidity and temperature control solve plaguing production problems
Although cannabis is currently a $6 billion a year industry in Canada according to Statistics Canada, only 17% of that demand is being supplied by licensed producers due to a variety of production and regulatory limitations. Â Instead of fulfilling on investor expectations for rapid growth, otherwise promising businesses in this emerging industry have actually experienced […]
These 2 States Are Sabotaging Their Respective Marijuana Industries
These billion-dollar markets are making it impossible for their cannabis industries to thrive. At this time last year, the cannabis industry looked as if it would be practically unstoppable. Canada had just become the first industrialized country in the world to legalize recreational marijuana, and Wall Street was throwing out huge estimates on future industry […]
Compound found in U.S. vaping patients not allowed in Canadian cannabis products: officials
OTTAWA – Canadian health officials say a chemical compound discovered in lung fluid taken from 29 patients with a mysterious vaping related illness is not allowed in Canadian cannabis vaping products. Still a spokesperson for Health Canada says the agency, along with the Public Health Agency of Canada, is actively monitoring the apparent U.S. breakthrough. […]
Health Crisis Casts Shadow Over Canadian Debut of Cannabis Vapes
The vaping health crisis is happening at a very bad time for the Canadian cannabis industry. With pot stocks already down over 40% since the end of the first quarter, news that an Ontario youth has been diagnosed with Canada’s first reported vaping-linked illness while hundreds have fallen ill in the U.S., is further battering […]
First case of vaping-related lung disease reported in Quebec
Quebec has reported its first case of severe lung disease linked to vaping, the provincial health ministry has confirmed. A man in his 50s who started vaping in April developed chest pain and had trouble breathing. However, the man has since recovered, Dr. Mylène Drouin of the Montreal Public Health Department told reporters at a […]
