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Canadian Banks Are Leaving Legal Cannabis Businesses Out In The Cold And More Global Weed Updates
Sunday, January 7, 2024 - 1:47pm | 858St Kitts And Nevis To Harness The Economic Power Of Medicinal Cannabis During last week’s inaugural Caribbean Medico-Legal Cannabis Conference dubbed CANNA-BLISS, St Kitts and Nevis Prime Minister Dr. Terrance Drew unveiled the nation’s intentions to use the economic potential of...
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Global Marijuana Updates: Italy Removes Ban On CBD Sales, Tasmanian Hemp Crops Destroyed & More
Tuesday, October 10, 2023 - 8:53am | 880Italy: Regional Court Suspends Decree Prohibiting CBD Sales The Lazio Regional Court suspended a ministerial decree that prohibited the sale of cannabinoid-based products for oral use or ingestion. According to ANSA, the sale of these products is now legally permitted. The news...
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Ontario Reduces Wholesale Markups On Marijuana As Large Operators Continue To Struggle
Monday, July 31, 2023 - 9:20am | 864Canadian cannabis retailers have had a challenging year, which is why the Ontario Cannabis Store (OCS), which holds a monopoly on legal distribution in the province, announced a change in its pricing. What Happened: Starting in September, most wholesale markups the OCS imposes on marijuana...
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Cannabis & Burdensome Excise Tax: Canadian Operators Urge Changes As Pot Prices Drop
Monday, June 13, 2022 - 8:34am | 612Canadian cannabis operators are urging lawmakers to amend current excise taxes as weed prices drop. With the decline of marijuana prices, the flat-fee tax structure is disadvantageous, to say the least, reported The Globe and Mail. According to marijuana business leaders,...
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Canadian Cannabis Producers Are Financially Squeezed: Unpaid Marijuana Fees Grow 10X YoY To CA$914K
Monday, March 28, 2022 - 2:31pm | 637Has competition in the Canadian cannabis market finally reached its climax? Some advocates would say so, considering that unpaid marijuana regulatory fees have grown ten times over the years, according to data from Health Canada, reported MJBizDaily. According to some...