Oh Canada Edition

4 mins read

If it’s after Canada Day, it means the political season is about to heat up… and last week, Conservative Leader Andrew Scheer made clear that he would not re-criminalize cannabis. Phew! 

Read on…

Fire + Flower reported $9.5 million in Q1 revenue.

On a related note, and surprising absolutely nobody, cannabis sales are on the rise in Ontario following the opening of actual cannabis stores where people can buy cannabis. 

And while Ontario sees the results of their limited retail roll out, Alberta is upping their approval of cannabis retail from 5/week to 10/week. The retail race is on – and Ontario is losing… 

Constellation Brands release their earnings last week, with an interesting “not pleased” mention about Canopy Growth’s revenues

Following their big news with Shoppers Drug Mart, HelloMD is staffing up their Canadian operation by adding Megan Henderson, former head of The Growth Op. For more on this, watch Megan on BofC Live from this morning.

Organigram is growing – with 17 new rooms approved by Health Canada. (They also put up a new sign on their Moncton facility…)

Will Stewart of Harvest One wrote for the Toronto Sun about how “…Canadians will be forced to check their pre-conceived notions of a cannabis consumer when their loved ones choose a skin cream with cannabinoids in it for pain…” You can watch Will Stewart on BofC Live tomorrow morning on BofC Twitter @bofc_canada

Tantalus Labs in Maple Ridge, BC is not having a ton of success in dealing with their local City Council. Tantalus says that Maple Ridge is holding up their expansion… 

From the States…

Illinois is the next state to approve legalization.

While Illinois looks to year one of legalization, Colorado is 5 years in. The NY Times took a look at what it has meant to the state. (Side note, Colorado Governor John Hickenlooper, who is one of the 20 Democrats running for President, has gotten himself in hot water about his about-face on where he stood/stands on legalization…)

While 20 Democrats took centre stage in American politics last week, members of both the House and Senate in the US looked to pass far-reaching pro-cannabis-industry legislation

From Colorado to Maryland, where University of Maryland, Baltimore launched their first masters program for medical cannabis

The normalization of cannabis, especially CBD, continues as Green Growth Brands CBD products will soon be on the shelves of Abercrombie and Fitch. (Last summer, we connected with GGB’s CEO Peter Horvath – rewatch.) 

And as CBD sweeps across the US, the Times in the UK had an expose about how some CBD products may not contain CBD at all.

Celebrities and cannabis got the Vice treatment last week – and it wasn’t that pretty, even if Martha Stewart and Snoop were featured prominently

While Vice was covering Martha + Snoop, Bloomberg looked deeper at the connection between cannabis and sport – especially MMA. (For more on cannabis + sport, watch BofC’s Medical Cannabis Week program on the topic here…)

Finally, as you head into summer with your children, Today’s Parent has some advice about how to talk to your kids about cannabis. The story also features some insight from BofC co-founder (and canna-parent) Jay Rosenthal. From one Rosenthal parent to another…

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Andrew Grieve, CEO, Zenabis $ZENA

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