As 2020 mercifully comes to a close, we are ending the year on a high note at Business of Cannabis.
Last week, we held our Cannabis Retail 2021 | A Look Ahead. Presented in partnership with Torkin Manes LLP – the Official Law Firm of Business of Cannabis – the event covered all aspects of cannabis retail in Canada. Coming on the heels of Ontario upping their approval of new stores to 80/month – we are predicting cannabis retail to be the Canadian cannabis story of 2021. If you missed any of the programming last week, all presentations, conversations and demonstrations are now posted.
This Wednesday, we’ll host a virtual town hall with Meni Morim, CEO of Namaste Technologies. If you have not already, please register. As well, if you have questions you’d like answered, shoot over an email.
There was plenty of news last week as well…
Health Canada announced a new consultation process in the cannabis sector – looking at equivalency limits on beverages, labeling changes, micro-licensing updates and non-therapeutic research regulations. Of course, when consultations are announced on a Friday afternoon and the 30-days consultation period happens over the holidays, one has to wonder how much consultation Health Canada is really doing. MJ Business Daily
The Ontario Auditor General had some choice things to say about how the Alcohol and Gaming Commission of Ontario is monitoring (or not) all units of cannabis in the Province. Over 82,000 units were unaccounted for. MJ Business Daily
From two government agencies to one other…
Mainstream media is finally starting to look at the retail model in Ontario and asking tough questions about how the Ontario Cannabis Store operates with (or against) private cannabis retailers. CBC | The Current
And if anyone is looking for how other jurisdictions are working differently and could be incorporated into the Canadian landscape – see: Massachusetts. In Massachusetts, social equity applicants are being favoured for lucrative delivery licenses. Ganjapraneur
To some pubco announcements:
Canopy is shutting down (more) facilities throughout Canada. And (more) people are losing their jobs. Global News
MediPharm Labs announced significant changes to their leadership. Newswire
Hill Street Beverage Company finalized their acquisition of Lexaria. Newswire
(About to be public via a SPAC) WeedMaps is going public at a valuation of $1.5 billion. (Not a typo.) Reuters