Music festivals have adapted to consumer preferences after recreational cannabis was legalized in October 2018, introducing cannabis smoking tents and designated zones separate from alcohol consumption areas. …Read the full story
According to the Cannabis Council of Canada, the nation’s legal cannabis sector has created 50,000 jobs, contributed $15 billion to government revenue and $45 billion to Canada’s GDP since legalization in October 2018. …Read the full story
The report was published this week and looked at the tax structure, population and revenue from cannabis in states with cannabis regulations. So far, 18 states have cannabis laws that allow consumption for adults 21 and older. Last year, the state generated US$396 million in tax revenue and in the first two months of 2022 […]
Since legalization, Alberta’s cannabis market has grown to have more than 750 licensed stores and 125 licensed producers. Also in the budget, the province says it expects cannabis taxes to bring in $157 million in 2022–23, compared to a projected $145 million for the current year. …Read the full story
Adam Coates, chief revenue officer at Decibel Cannabis Company Inc. Wholesale markup in Canada varies depending on provincial and territorial laws. In contrast, the neighbouring province of British Columbia has a markup of 15 per cent, while the Yukon’s percentage is more than 20 per cent. …Read the full story
A number of factors could have played a part in December’s boost. …Read the full story
Under the Obama administration, there was guidance given in the Cole Memorandum that banks can accept deposits from pot-related firms through a promise of non-intervention. …Read the full story
The company has 35 stores across Ontario, where new retail licensees are approved every week. According to the Ontario Cannabis Store’s second-quarter 2021 report, ShinyBud is the fourth retailer by store count in the province. …Read the full story