Aurora Cannabis laying off 12% of its workforce

Aurora Cannabis announced it is laying off 12% of its workforce as the company reorganizes. A spokesperson said, “Today we delivered against that commitment as we announce a corporate reorganization that will allow Aurora to operate as a leaner, more agile, and future-focused company, fit for success in the evolving global cannabis industry.” Aurora is […]

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Canadian Cannabis Sales for April 2022

Statistics Canada has released cannabis sales figures for April 2022. Canadian cannabis sales increased by 3.7% from the previous month to C$372.4 million. Compared to April 2021, sales are up 25.8%. Canadian Cannabis Sales: Details Statistics Canada cites an increasing number of retail stores and falling flower prices for the boost. We can break down […]

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Is the Canadian Cannabis Experiment A Failure? 

Is the Canadian cannabis experiment a failure? Things may look rosy on the surface, but underneath, Canada’s legal cannabis regime is struggling. Whether it’s smaller craft producers sending half their profits to the federal government in excise taxes or larger producers racking up a record amount of losses. For many, the Canadian cannabis experiment is […]

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Trends in the Concentrate Market

Cannabis concentrates are likely the best bang for your buck, and trends in the concentrate market indicate this. Concentrates rank fifth in the most extensive product category. Although not nearly as popular as cannabis flower, among young consumers, concentrates are three times more prevalent than among older adults. As well, males tend to buy concentrates […]

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Excise Taxes in the Cannabis Industry 

How damaging are excise taxes in the cannabis industry? Canadian cannabis producers are again calling on the federal government to review its excise tax on cannabis. As cannabis prices fall, they argue the flat-fee tax structure is negatively affecting their profitability. The Cannabis Council of Canada (CCC) has released a report outlining the harm the […]

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Rebuild Lytton with BC Bud

Is it possible to rebuild Lytton with BC Bud? On June 30, 2021, a wildfire swept through Lytton, British Columbia, destroying most of the town’s infrastructure and homes. The entire village was evacuated. When the ashes cooled, villagers found that 97% of the town had vanished. Two people died during the wildfire. The B.C. government […]

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Bringing Cannabis into the Metaverse and onto the Blockchain 

Entrepreneurs are bringing cannabis into the metaverse and onto the blockchain. Mitch Ngo, CEO and Co-Founder of Golden Ark, is one of these people. His company is developing a supply chain model that uses blockchain technology to source and tracks cannabis products. As well, they’re building a metaverse for cannabis connoisseurs. “The goal is to […]

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Trends in the US CBD Consumer Market

Researchers have identified some trends in the US CBD consumer market. Once an unknown and mysterious compound in cannabis, CBD has been making headways in research labs and clinical studies. CBD stands for Cannabidiol. First isolated in 1940, CBD is one of the hundreds of cannabinoids found in cannabis. Unlike its famous cousin, Tetrahydrocannabinol (THC), […]

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New York’s Legal Take on Cannabis

What is New York’s legal take on cannabis regulations? Every day the state gets closer to the legalization of cannabis. The state’s Cannabis Control Board has recently announced some new rules for soon-to-be cannabis retailers.  New York’s Legal Take on Advertising New York’s legal take includes allowing TV ads, but they can’t target minors. Likewise, […]

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Is Cannabis Inflation-Proof?

Is cannabis inflation-proof? As everything seems to increase in price, cannabis remains relatively cheap. Cannabis prices dropped between 2021 and 2022. There are a few reasons for this. Legal cultivators must compete with legacy farmers who don’t have the same overhead. So the legal growers dip into their margins to stay afloat. Same with retailers. […]

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