As Gatineau-based Hexo Corp. struggles to find its footing in Canada’s cannabis market, the licensed pot producer is expecting disruptions from the COVID-19 pandemic to hamper its revenues in the weeks and months ahead.
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Cannabis sales fell in February in most provinces, data released Thursday by Statistics Canada shows. On a national basis, daily average sales rose slightly from $1.77 million in January to $1.78 million in February. But that growth was driven almost entirely by Quebec, where daily average sales rose by almost $45,000 in February.
Over a year after recreational cannabis was legalized in Canada, edible products are finally for sale in Quebec — or to be more accurate, drinkable products.
Quebecers under the age of 21 won’t be able to buy or possess recreational cannabis as of Wednesday, ushering in the toughest age restrictions in the country since pot was legalized 14 months ago.
Cannabis sales fell in February in most provinces, data released Thursday by Statistics Canada shows. On a national basis, daily average sales rose slightly from $1.77 million in January to $1.78 million in February. But that growth was driven almost entirely by Quebec, where daily average sales rose by almost $45,000 in February.
Facing tough laws, and nervous investors, Emily Campbell reports that Quebec cannabis producers are forming an association to advocate for the growing industry.
Lewis Mitchell, a former police chief on the Mohawk territory of Akwesasne, chuckled when asked if he thought he would have trouble finding customers when his first batch of cannabis is ready for sale around summertime.
As the cannabis industry struggles to attract institutional investors and the Quebec government sticks to its hard line on legalization, eight Quebec pot producers are forming an association in the hopes of expanding their financing sources.
As Canada’s six-month anniversary of marijuana legalization day approaches, it’s clear that it’s been a bit of a rocky road. Supply shortages have left customers and retailers frustrated across the country. Some provinces have already laid off workers or cut hours at government-run cannabis retailers, while others are still having trouble getting their retail networks off the ground.
Industry professionals filled up Place Bonaventure in downtown Montreal and some of them offered up solutions on how to ameliorate the cannabis situation in Quebec. Giordano Cescutti explains.