Ontario's ministry of the attorney general announced it will scrap the REC retail lottery system and, as of January 6, and begin accepting retail license applications for unlimited potential operators across the province.
Globe and Mail
Ontario will allow each producer to open a single farm-gate store at one of its facilities, though producers may need to sell the product first to the Ontario Cannabis Store, and then buy it back from them.
Though the province led the nation in total sales during the first year of legalization, the $216.8M in sales pales by comparison to the $325M in business and $50M in taxes the Cannalysts estimate Ontario lost by not following Alberta's market-demand model earlier.
Statistics Canada published its report The Retail Cannabis Market in Canada: A Portrait of the First Year, charting the development of more than 400 physical stores (twice as many as four months ago) selling a combined $908M in products between online and retail sales.
Despite having no stores before April 1 and a feeble 24 stores since, Ontario sold the most REC ($216.80M) while Northwest Terroitories ($2.74M) and Yukon ($4.22M) sold the least—though not per capita.
According to new Statistics Canada data, there are only 450,000 registered MED patients, out of a total 1,086,000 people who say they use MED, leaving 60% of MED patients outside the system.
Whether you'll be able to buy legal 2.0 products before Christmas depends where you live.
Many are coming into 2.0 as slowly as possible, as Tantalus Labs CEO Dan Sutton noted, saying "2.0 rollout will take the substantial part of 2020 for full deployment in new categories."
Twitter—Dan Sutton, Bloomberg
Just in time for vape legalization, Alberta is redrafting its clean-air law to include vape products.
MJ Biz Daily
On an ominous note, researchers in the US discovered that some terpenes added to extracts for vaping may turn toxic when heated.
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David Klein, CFO of Constellation Brands and a three-time winner of Institutional Investor's "Best CFO" award, was appointed CEO of Canopy, taking over from the last remaining co-founder, acting CEO Mark Zekulin, who was installed after co-founder and CEO Bruce Linton was fired in the summer.
In 2014, Fantino, former Toronto police chief and OPP commissioner, attacked then-MP Justin Trudeau for admitting he smoked cannabis while in office, and in 2015 Fantino said if he was offered the opportunity to be well-paid to lend his name to an LP, he said "I would never do it."
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In an assessment of 2019, Cronos co-founder Paul Rosen said the lesson of the last six months of struggle, " is that building a new industry from scratch is hard and you’re going to have some skid-outs, you’re going to have some blood spilled. It’s natural. […] Some of these companies don't have a future."
Grizzle released an infographic explaining their understanding of oversupply, naming one culprit as "too much ditch weed."
Manitoba's Conservative government passed a new cannabis law mirroring federal bans on possessing more than 30 grams of dry flower in public, and banning public possession of cannabis not in an approved container.
Executives around the sector expressed concern about the new government's mandate letters to cabinet ministers, which prime minister Justin Trudeau sent out this week following his Liberal party's re-election victory in October.
Organigram VP Public Affairs & Stakeholder Relations Cameron Bishop lamented the mandates' lack of mention of MED exports, tax reform, or facilitating craft entry into the sector.
BC solicitor general Mike Farnworth is optimistic about REC sales growing in coming months. insiders warn it'll be hard to sell BC cannabis consumers on legal REC, which is often significantly poorer quality than the small-batch products available on the illicit market.
Alberta's online crown retailer—the only REC retail in Alberta operated by the province—announced it was lowering its prices on all products, and reducing shipping fees.
Frustrations continue to simmer following the BC Community Safety Unit's raid of beloved (and tacitly approved) Victoria Cannabis Buyers Club. The conflict has fired up rhetoric from unlicensed operators eager to change the increasingly corporate face of cannabis.
Inside the Jar
In an article about the battle between legal and unlicensed dispensaries, REC store-chain CEO William MacLean came out aggressively in favour of police busting unlicensed shops.
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