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Matt Lamers

Matt is based in the Greater Toronto Area and covers international cannabis markets for Marijuana Business Daily. Previously, he worked as a business editor, photographer and reporter for newspapers and magazines in three countries, covering everything from the oil and gas industry in northern British Columbia to North Korean defectors in Seoul.


Ontario’s cannabis vape, edibles sales surpass CA$4 million in January

Roughly 4.4 million Canadian dollars ($3.3 million) worth of cannabis edibles and vape products were sold via wholesale and online channels?in Ontario in January, the first month the products were available in the nation’s largest consumer market. The figures indicate strong demand from consumers, the Ontario Cannabis Store said in a statement. Demand for edibles […]

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Canadian cannabis-infused drink makers eye potential half-billion-dollar market

Canadian companies are preparing to roll out cannabis-infused beverages to tap a market estimated to reach half-a-billion dollars. British Columbia-based The Valens Co. announced the launch of a line of cannabis-infused beverages in Ontario this week, produced under a white label agreement with Iconic Brewing subsidiary A1 Cannabis Co. It is one of the first […]

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First adult-use cannabis topical ships in Ontario

Toronto-based 48North Cannabis shipped its cannabinoid-based topical to the Ontario Cannabis Store this week, tapping a market that could potentially reach 175 million Canadian dollars ($130 million). The company said the topical brand, Apothecanna, is the first to hit the regulated market in Ontario. Topicals are expected to make up a small, but measurable, niche […]

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Cannabis greenhouse retreat continues as Canopy closes two facilities, sheds 500 jobs

Another Canadian cannabis producer is slashing jobs and closing greenhouses in the wake of a years-long expansion drive that resulted in an oversupplied market and underutilized facilities. Canopy Growth, one of the world’s biggest cannabis producers, on Wednesday announced the closure of two British Columbia greenhouses, in Aldergrove and Delta. The closures will result in […]

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Ontario received 450 cannabis store applications on March 2

Approximately 450 cannabis stores applications were filed in Ontario on March 2 –?the first day Retail Store Authorization (RSA) submissions were accepted under the province’s new open-market process. The strong interest demonstrates pent-up demand for regulated recreational marijuana stores, experts say. Ontario is pivoting to an open-market store-allocation process after relying on two lotteries to […]

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UK eases import restrictions for medical cannabis

The United Kingdom is easing import restrictions for medical cannabis, a move that is expected to improve the dismal numbers the market has seen to date. Licensed wholesalers of medical marijuana are now able to import larger quantities of cannabis-based products and hold supplies for future distribution, the Home Office and the Department of Health […]

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International and bulk cannabis sales punish Tilray’s bottom line

Cannabis producer Tilray became the latest Canadian marijuana company to report earnings well below market expectations. The British Columbia-based company reported a net loss of $219 million for the quarter ending Dec. 31, worse than the previous period’s net loss of $35 million. Total revenue fell 8% to $47 million compared to the previous quarter, […]

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Ontario says portal for cannabis store applications operating ‘as planned’

The portal to submit applications for Retail Store Authorizations (RSAs) opened at the designated time Monday morning and “all is proceeding as planned,” according to a spokesperson for the Alcohol and Gaming Commission of Ontario (AGCO). That’s an improvement over last year, when a rush of applicants for the store lottery system overwhelmed the regulator’s […]

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CannTrust’s low stock price prompts another NYSE warning

Beleaguered Canadian cannabis producer CannTrust has been notified by the New York Stock Exchange that it is once again not compliant with listing rules because of its low stock price. The NYSE requires the average closing price of common shares to be at least $1 over a consecutive 30 trading-day period. As of Feb. 25, […]

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Alberta to introduce tax on cannabis vape products

Alberta is set to join British Columbia in slapping a new tax on vaping liquids and devices, including adult-use cannabis. Last month, British Columbia imposed a 20% sales tax on liquid cannabis vaping products. Vaporizers used for dry cannabis were exempted. Details of Alberta’s tax will not be know until spring. “The intent of the […]

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Ontario nears 800 cannabis Retail Operator License applications

Since Ontario started accepting open market applications on Jan. 6, just under 800 Retail Operator License submissions have been filed for adult-use cannabis stores, as the province looks to get its fledgling marijuana industry on track. Ontario announced a move towards an open market process in December after relying on a poorly executed lottery system […]

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