US Partner to Canopy Growth Says Black Market Cannabis is Shrinking – LPC The Canadian cannabis market made news once again south of the border. Constellation Brands announced its third-quarter earnings with net income of US$366.5 million. That’s after a US$71.1 million loss due to Canopy Growth. But despite losses, Constellation CEO Bill Newlands said…
Positive Indications on Both Sides of the Border Send Stocks Upwards – LPC It seems that Ontario may finally do away with the lottery licence system. Many licensed producers (LPs), analysts, and policy groups have blamed cannabis retail roadblocks for disappointing cannabis sales. Ontario in particular has been blamed – a province with just 24…
Up to 98 Per Cent of Samples in US Non-Compliant – LPC A recent study in the US found contaminated CBD in illegal products. Further, the study by LegitScript ordered CBD from 300 online sources. Researchers found that 98 per cent were non-compliant in at least one regulation. Researchers also didn’t make it clear whether…
No Definitive Answers, but Canadian Banking Services Are Drying Up – LPC As cannabis banking services become harder to access in Canada, and many believe the US may be behind it. This week, THC Distribution in Portugal Cove-St. Phillip’s, Nfld announced that it will be cash only now. Owner Thomas Clarke said the Royal Bank…
