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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Brazil Legalizes Home-Grown Medical Cannabis 

Brazil’s Superior Court has effectively legalized medical cannabis for home-grown use. The decision is likely to set a precedent for similar cases. The Brazilian government has not yet responded to the court’s decision. What Happened The five-judge panel unanimously agreed that Brazil’s patients should have access to home-grown medical cannabis. The three patients on trial […]

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Thailand’s Easing Cannabis Laws

According to the deputy prime minister, Thailand’s easing cannabis laws will bolster the country’s agriculture and tourism sectors. Although not full legalization, Thailand’s easing cannabis laws is different from other nation-states. For example, the government has distributed 1 million cannabis plants among its population.  Thailand is the first Asian country to decriminalize cannabis. How Thailand’s […]

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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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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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Canopy Growth Not Growing

Canopy Growth is not growing. The Canadian cannabis company reported a 4th quarter loss of C$578 million, culminating in a C$4.1 billion loss since 2015. Compared to the previous quarter, revenue crashed. Net sales are down 21% to C$111.8 million. Overall, Canada’s recreational cannabis sales have dropped by 19% or C$39 million. Compared to the […]

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Stand For Craft Releases White Paper

Stand For Craft has released a white paper highlighting the Canadian government’s financial hindrances on small craft cannabis producers. The report criticizes the federal excise tax or “sin” tax, disproportionately affecting smaller craft farmers. The man behind Stand For Craft, Dan Sutton, shared the white paper with all levels of government. He tweeted, “Current policy […]

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Cannabis in the Ontario Election

Cannabis in the Ontario election hasn’t been a hot-topic issue. Other issues have made the headlines with inflation, home prices, COVID deaths in nursing homes, and Doug Ford’s overall track record. But all that changed this week when Ontario Liberal Leader Stephen Del Duca criticized Doug Ford’s retail cannabis record. He called it “random” and […]

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How Popular is the Cannabis Legacy Market?

How popular is the cannabis legacy market? A new report in the Journal of Studies on Alcohol and Drugs has confirmed what many know. Higher prices and inconvenience encourage consumers to seek out illicit sources of cannabis. Or, putting it another way, the barrier to legal cannabis makes the legacy market more attractive to consumers. […]

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