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.
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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.
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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.
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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
More information + Early Bird Tickets
April 19 – Vancouver | Cannabis Forward
Cannabis Cultivation and Retail Forum
More information + Early Bird Tickets
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