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BC, Ontario see lowest cannabis sales per capita in first year of legalization

The two most important cannabis markets in Canada saw the worst sales of adult-use products per capita in the first year of legalization, reflecting struggles of officials in those provinces to get a handle on the policy tools at their disposal to regulate the industry. From October 2018 through September 2019, British Columbia’s marijuana stores […]

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Ontario raises LP affiliation limit to 25%, opens cannabis retail market

Ontario will begin accepting cannabis store applications in January, with authorizations starting at about 20 per month beginning in April, the province’s Ministry of the Attorney General announced today. The province did not say how the 20 stores will be allocated among the hundreds of operator licence applications expected to flood into the Alcohol and […]

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MJBizCon 2019 panelists shine spotlight on new and evolving US and global cannabis business opportunities

LAS VEGAS – How might the Canadian cannabis market fare in 2020? What will happen with the SAFE Banking Act in the U.S. Congress? How are U.S. cannabis operators complying with marijuana regulations across multiple states? Those issues and others were among the many U.S. and international cannabis business topics tackled during the second day […]

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CIBC: ‘Indiscriminate’ cannabis selloff should start to shift in 2020

The cannabis stock meltdown that erased $49 billion in enterprise value this year should begin to shift in 2020 as the industry leaders separate themselves, one of Canada’s largest investment banks forecasts. A new CIBC World Markets report by?John Zamparo, director of institutional equity research, called this year’s “rationalization” of marijuana stock prices inevitable. “Even […]

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New York Stock Exchange warns cannabis producer CannTrust its listing in danger

CannTrust Holdings said the New York Stock Exchange has notified the Canadian marijuana producer that its stock price had fallen below the $1-a-share threshold required to continue trading on the Big Board. The Vaughan, Ontario-based company said in a news release it has six months to regain compliance. In the meantime, CannTrust’s stock, which trades […]

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Canopy Growth hires ex-Constellation exec David Klein as CEO

Canada’s largest cannabis company by revenue has appointed David Klein as its new CEO, effective Jan. 15, 2020. Klein will be based out of Canopy’s headquarters in Smiths Falls, Ontatio. Klein currently serves as Canopy Growth’s board chair and chief financial officer (CFO) at Constellation Brands, which became the company’s largest shareholder earlier this year. […]

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