The focus remains on cannabis retail expansion. From the huge number of Ontario Retail Operator Licenses issued (800+) to the fact producers are cutting prices of their cannabis to (try and) chip into the illicit market. Oh, and one retailer is suing a producer for $110 million.
And if that wasn’t enough for one week, a would-be opposition leader is not quite on board with legalization.
Read on…
Becoming a cannabis retailer isn’t (always) all that it cracked up to be. The CBC took a look at the post-lottery world.
But it is about to get a whole lot more competitive, as the Province of Ontario has issues 800+ Retailer Operator Licenses.
If retailers – both private and public have learned one thing since legalization – it is (probably) this (from CBC): Who knew? Lower prices trigger higher sales at Cannabis NB
As if answering that call, CNBC fills us in on Canadian producers’ strategy: Cannabis producers in Canada are now offering ‘value brands’ to compete with cheaper illegal market
As well, David Brown, formerly of Health Canada – wrote this piece – and posted on Business of Cannabis – about new products hitting the shelves in British Columbia. (Hint: SEEDS!)
Speaking of retailers… one such retailer is suing Tilray for $110 million for breach of contract. BNN takes a look.
And while the industry and provinces aim to find their footing – it is clear Canadian love their cannabis. Cannabis added $7.4 billion to the Canadian GDP in August last year.
Finally, to politics – would-be Progressive Conservative leader does not agree with legalization.
Latest from Business of Cannabis
Jamieson McCormack from Anara Denim joins the On A High podcast. Anara hemp-based denim is ethically sourced and made in Adelaide, Australia.
On this episode of Pitch Forward, David Gordon, Chief Corporate Officer for PharmaCielo Ltd. joins the Pitch Forward podcast. PharmaCielo Ltd. is a global company headquartered in Canada and publicly traded on the TSXV under the ticker PCLO. PharmaCielo Colombia Holdings S.A.S., its wholly owned operating subsidiary, is headquartered in Rionegro, Colombia.
Jason Tarasek of Minnesota Cannabis Law sits down for a Minnesota Cannabis Conversation with State Representative Heather Edelson (DFL) District: 49A. Representative Edelson talks about legislation she will introduce in the current legislative session, including a bill to add flower to the mix of cannabis medicine available to patients in Minnesota.
Upcoming Events
The next six weeks on the Business of Cannabis events’ front is a jam-packed one. We are proud to announce the following events:
March 26 – Toronto | On A High + Cannabis Forward
An Exploration of Cannabis + Design Culture
More information + Early Bird Tickets
April 16 – Toronto | Cannabis + Technology
Retail Tech Presented by LeafLink
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April 19 – Vancouver | Cannabis Forward
Cannabis Cultivation and Retail Forum
More information + Early Bird Tickets
