The Business of Cannabis

Canadian Company Invests $20 Million In Michigan Ancillary Marijuana Player Common C

Aug 25, 2021 | Canada, Great Lakes Region, Michigan

Toronto-based Sol Global Investments entered the Michigan medical marijuana market through a $20 million investment in a company that provides financing and support services to Medical Marijuana operators in the state. Sol, a diversified investment and private equity...

Canopy Execs Get Raises, Bonuses After Canadian Company Loses $1.3 billion

Aug 4, 2021 | Canada

Executives for cannabis producer Canopy Growth received more than 4 million Canadian dollars ($3.2 million) in cash bonuses after making “solid progress in the year,” according to a regulatory filing, even as the company lost $1.3 billion and laid off hundreds of...

Canadian Cannabis Companies Cheer SAFE Banking Act Reintroduction In U.S. House

Mar 24, 2021 | Canada

Canadian cannabis companies are cheering the reintroduction of the SAFE Banking Act to the U.S. House of Representatives today. The act proposes offering safe harbour to financial institutions like banks and insurance companies, who provide services to cannabis...

Legal Recreational Cannabis Sales In Canada Outstrip Illicit Spending For First Time

Feb 7, 2021 | Canada

Sales of regulated adult-use cannabis in Canada overtook illegal transactions for the first time in the third quarter of 2020, according to new Statistics Canada data. That development demonstrates the success of legalization in these early years, experts...

Half Ton Of Marijuana Seized From Canadian Trash Hauler At Michigan Border

Oct 22, 2020 | Canada, Great Lakes Region

An unusual discovery was made over the weekend by U.S. Customs and Border Protection Office of Field Operations officers during a search of a trash hauler at the Blue Water Bridge along the U.S.-Canada border. The officers encountered the driver of a trash hauler...

More Bad News for the Canadian Marijuana Industry

Sep 30, 2020 | Canada

Few industries offer as much promise this decade as marijuana. After generating $10.9 billion in worldwide sales in 2018, Wall Street analysts are forecasting anywhere from $50 billion to $200 billion in global sales by 2030. While not every pot stock can be a winner,...