n recent weeks, in case you missed it, we have been joined by Canadian cannabis retailers opening up stores in Ontario by the handful, including Friendly Stranger, HOBO, Canna Cabana and Fire & Flower. (And not to be left out, Nunavut is looking for a brick-and-mortar store too!)
And with all the new retail – and the commensurate uptick in sales – Business of Cannabis has a new partner. BDSA – formerly BDS Analytics – joined Business of Cannabis as our Official Insights Partner. Look for the first BDSA x BofC first update on Wednesday.
Before that, be sure to join us for a first ever virtual Cannabis Forward networking event tomorrow night. A great program featuring leading Canadian cannabis retailers – Village Bloomery, Fire & Flower, Cannabis NB and Superette. Sign up and join us.
And even as there are bright spots in the Canadian landscape, it seems US-based cannabis firms are still doing better. (Which was reinforced by Alan Brochstein of 420 Investor and New Cannabis Ventures during last week’s Lunch+Learn…)
As noted on Friday with Alan Brochstein, US public companies are outperforming Canadian firms. Bloomberg
And this will help even more, according the US shadow-President Andrew Cuomo, cannabis will be legalized in NY in 2020. NY Times
(Also from the NY Times, “A hidden origin story of the CBD craze”. NY Times
Even with the positive US cannabis news, High Times is still under fire. This time for their deal to acquire retailers in California. SF Chronicle
AND, Green Growth Brands has filed for bankruptcy… New Cannabis Ventures
But that hasn’t stopped big Canadian LPs from making US plays – few bigger than Aurora’s acquisition of Reliva. New Cannabis Ventures
Adding a bit of mystery to the international cannabis scene, Uruguay exported high-THC flower last week to destination unknown. MJ Biz Daily
Because we know you have been waiting for this – former CannTrust CEO has published some thoughts on LinkedIn. Don’t click too quickly, nothing cannabis related.
The Week Ahead
Monday, May 25
10 am | BofC Live with Jason Moscovici, ROBIC
Tuesday, May 26
9 am | Benchmark Update in partnership with Cannabis Benchmarks
LAST WEEK | # of CANNABIS USERS BY PROVINCE
10 am | BofC Live TBA
7 pm | Cannabis Forward presented by ROBIC – Coast-to-Coast Retail Perspective
Wednesday, May 27
9 am | Insights Update in partnership with BDSA
10 am | BofC Live with Liz Stahura, BDSA
Thursday, May 28
9 am | Job of the Week in partnership with Cannabis At Work
LAST WEEK | COST ACCOUNTANT, KELOWNA, BC
10 am | BofC Live TBA
Friday, May 29
10 am | BofC Live – Guest TBA
Noon | Lunch + Learn with Erik Christensen, Little Rocket
Creating an Omnichannel Cannabis Retail Experience presented by Shopify
Latest from BofC
Alan Brochstein of 420 Investor and New Cannabis Ventures joined Jay Rosenthal and Business of Cannabis for a deep dive into cannabis investing – past, present and future. Never shy, Brochstein shared insights into what the future “third wave” of cannabis investing may look like.