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Customer loyalty programs offer clear benefits for cannabis stores

Loyalty programs, long a staple of consumer marketing strategies, have found a place among regulated cannabis retailers in the United States and Canada. By offering perks such as discounts, points, special offers and new-product notifications, retail operators say loyalty...

Canada Revenue Agency has fined cannabis firms CA$1.3 million since adult-use market launch

The Canada Revenue Agency (CRA) has issued cannabis-related fines totaling 1.3 million Canadian dollars ($1 million) since adult-use marijuana was legalized in October 2018, Marijuana Business Daily has learned. The nearly two-dozen penalties for violations of the Excise Act...

Sale of cannabis-infused beverages up 40% as new consumers seek out familiar format

Sales of cannabis-infused beverages were up up 40% last year, as companies sought to capitalize on new marijuana consumers seeking a familiar form of consumption and those looking for an alternative to alcoholic drinks. Marijuana beverage companies, for example,...

Lawsuit casts spotlight on New York’s initial medical cannabis licensing, questions scoring

A new lawsuit sheds light on New York’s licensing of 10 medical cannabis operators in 2015 and 2016, raising questions about how regulators scored the applications and whether other unsuccessful applicants could raise their own legal objections. Fresh lawsuits...

Sales of Canadian cannabis edibles, extracts fall for first time

Canadians purchased fewer cannabis edibles and extracts last November compared to the previous month, new Health Canada data shows, ending at least 11 consecutive months of growth for the categories. In November, some 1.52 million packages of edibles were...

Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019

Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November. Licensed marijuana retailers across the country sold CA$298.4 million worth of cannabis in December, up...

Retail prices for recreational marijuana flower rise in response to record demand amid pandemic

The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state collectively grew 17%, with the...

Australia to ‘significantly reduce’ regulatory burden for cannabis industry

Australia has proposed amendments to the Narcotic Drugs Act that would overhaul the medical marijuana industry by streamlining the licensing process for businesses and assure access for patients. Rhys Cohen, editor-at-large for the Australian publication Cannabiz, said the measures...

Legal recreational cannabis sales in Canada outstrip illicit spending for first time

Sales of regulated adult-use cannabis in Canada overtook illegal transactions for the first time in the third quarter of 2020, according to new Statistics Canada data. That development demonstrates the success of legalization in these early years, experts say,...

Cannabis basket-size data highlights differing consumer spending patterns across state markets

While U.S. cannabis markets might appear similar on the surface, each is driven by different consumer spending habits – and it is critical for marijuana manufacturers and retailers to understand these patterns as they develop and sell products...
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