Tag: canada
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Canada’s Hemp Industry Continues To Shrink
As Canada’s legal adult-use cannabis industry has increased in size and scope in recent years, the same cannot be said about the nation’s hemp industry. According to Canadian government data, the number of industrial hemp licenses issued has trended downward in recent years. Below is the number of licenses issued by year: 2018: 542 licenses…
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Canada’s Legal Cannabis Retail Sector Shrank In Spring 2024
Canada remains the largest national cannabis commerce public policy experiment on the planet. The North American country legalized cannabis for adult-use in 2018, including regulated sales through licensed retail outlets. According to recent reporting by StatCann, the nation’s legal cannabis retail footprint shrank slightly in recent months. “The number of retail stores across Canada also declined…
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Canada’s Legal Cannabis Industry Sold C$428.6 Million In April 2024
Canada’s legal cannabis industry sold C$428.6 million worth of products in April 2024 according to data released today by Statistics Canada. April’s cannabis sales total is a 5.3% increase compared to March 2024 when Canada’s legal cannabis industry sold C$406.8 million worth of products. “In 2023, total sales increased 12.5% to C$5.09 billion, and in…
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Medical Cannabis Packaging Market Projected To Reach $117.2 Billion By 2032
The global cannabis packaging market is projected to reach $117.2 billion in value by 2032 according to a recent analysis by Astute Analytica. The entity describes itself as “a global analytics and advisory company.” “The global medical marijuana packaging market was valued at US$ 6.5 billion in 2023 and is projected to reach US$ 117.2 billion…
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How Many Countries Have Legalized Medical Cannabis?
According to a recent study conducted by researchers from Ukraine and France, and published by the U.S. National Institute of Health, 57 countries have adopted medical cannabis legalization measures. Israel was the first country to adopt a national medical cannabis legalization measure (1999), and Ukraine was the most recent (2024) as of the posting of…
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How Many Registered Medical Cannabis Patients Did Canada Have In 2023?
Canada first legalized cannabis for medical use in 2001. For many years, the nation’s medical cannabis industry largely operated in legal grey areas. Medical cannabis was overhauled in 2018 when Canada became the first G-7 nation to adopt a national adult-use legalization measure, including permitting adult-use sales. As with every market that first legalizes medical…
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Are Major North American Cannabis Stocks Profitable?
When it comes to cannabis stock offerings, North America’s emerging cannabis market is likely the first thing that pops into people’s minds. Canada became the first G-7 nation to legalize cannabis nationally for adult-use in 2018. Cannabis remains prohibited at the federal level in the U.S., however, 24 states have adopted recreational cannabis legalization measures.…
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Legal Cannabis Sales Contributed $258.8 Million To Quebec’s Government In The Last Fiscal Year
Canada’s government legalized cannabis for adult use in October 2018, however, each province and territory was allowed to create many of their own laws, rules, and regulations, particularly as it pertained to cannabis commerce. In Quebec, only the Société québécoise du cannabis (SQDC) is authorized to sell cannabis. The SQDC describes itself as selling cannabis…
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Does Canada Produce Too Much Legal Cannabis?
Canada’s legal cannabis industry is good at producing cannabis products. In fact, it’s likely a bit too good at producing such products. Canada first legalized cannabis for recreational use in October 2018, and by August 2020, companies in Canada already had an excess of roughly 600,000 kilograms of unpackaged dried flower and 46,413 more kilograms…
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Canada Sold C$414.1 Million Worth Of Legal Cannabis Products In March 2024
Canada’s emerging legal cannabis industry sold C$414.1 million worth of cannabis products in March 2024, up 7.1% compared to February 2024. Canada first legalized adult-use cannabis sales in October 2018. “The sales were up just 1.9% from a year ago. This was down from the 19.8% August growth rate and up from the lowest annual…