There is no faster growing industry than the Canadian cannabis industry. We are here to share our knowledge and help make the insurance process simple for your cannabis business.
Legalizing cannabis: a brief history Let’s briefly talk about the history of the cannabis industry in Canada. Using cannabis for medicinal purposes was permitted in 2001 due to its therapeutic benefits. In April 2017, the government created Bill C-45, the Cannabis Act. In other words, the idea of legalizing and regulating cannabis production and sale…
On March 8th 2022, new changes and opportunities will come into effect for licensed cannabis retailers in Alberta. Following the closure of the Government of Alberta’s online cannabis store, private retailers will be allowed to open their own e-commerce platforms to conduct online sales and deliveries. Many provinces across Canada have already approved ecommerce and…
Alberta recently passed Bill 80, which will allow existing private retailers in the province to conduct online cannabis sales and deliveries within 90 days of the closure of the Government of Alberta’s cannabis website. Licensed retailers will be given the go-ahead to start selling their products online on March 8, 2022. In addition to selling…
Cannabis has made big strides in its short 3 years since legalization in Canada. This journey has not come without a handful of hiccups along the way. Becoming aware of the current risks faced by the cannabis industry can help you determine where to focus your attention and how to develop the best path forward…
Canadian licensed producers are sitting on overflowing inventories of unsold cannabis products. Since legalization, license holders have only sold 20% of their production, with the majority of cannabis products being stored in inventory or destroyed. A certain amount of annual crop loss is to be expected due to poor weather, plant disease, crop failure or…
Ontario residents spent a whopping $313,700,000 on retail cannabis in the first full year of legal operations, according to the Ontario Cannabis Store insights report. While Ontario may be the most populous province, that is not the case when it comes to number of cannabis stores. Fortunately, they are looking to make up ground with…
Cannabis farmgate is an evolving business model in Canada that seeks to create an experience similar to what wineries, distilleries and breweries have been doing for a long time. Farmgate cannabis involves a standard or micro licensed producer who sells their products directly to consumers. The product is taken from seed to sale all at…
The process of obtaining a cannabis license in Canada is long and complicated, especially with regulations varying between each province and territory. Our goal is to make all information on the varying insurance requirements in each province available in one place. Whether you are just starting out, or looking to expand your cannabis operations across…
As the number of licensed retail cannabis stores across Canada continues to increase, it is important to build a strong customer base. Your interactions with customers matter now more than ever. All it takes is one bad experience for a customer to take their business to another shop down the road. Building customer loyalty requires…
New data released by Health Canada shows that licensed producers added 220,461 kilograms of cannabis to their inventories in October 2020. This inventory is fueled by Canada’s first full year of outdoor cannabis yields, as many producers were still awaiting license approval throughout 2019. This “croptober” harvest has led to an even larger supply/demand imbalance…