2024 marks a watershed moment for the international cannabis market. While describing any year as ‘pivotal’ risks cliché, for this year it’s undeniably compelling: trends long anticipated by the industry have continued to materialize now just at an accelerated pace. The post From Bud to Bloom: International Cannabis Comes of Age in 2024 appeared first on Canadian Cannabis Exchange ..read more

In 2024, cannabis companies saved significantly by reassessing insurance portfolios. By year- end, many insurers adopted assertive underwriting to meet new business goals. With new market entrants, the 2025 outlook is favorable for cannabis industry insurance buyers. The post Cannabis Insurance in 2025 appeared first on Canadian Cannabis Exchange ..read more

In January 2024, the Israeli Commissioner on Trade Levies lodged allegations of price dumping against 10 Canadian cannabis companies importing flower into the country. As a global market connector, CCX and GCX is the trusted source of the wholesale price of cannabis. Our data was provided upon the release of the initial complaint. Our goal is to bring transparent pricing and standardization to the global industry. The following article written by Arnau Valdovinos explores the investigation’s findings, the economic implications of the tariffs, and potential strategic responses by Canadian bus ..read more

Since 2021, the unpaid Canada Revenue Agency (“CRA”) excise tax has been a growing concern for the government agency and unpaid amounts ballooned to $273.4 million in 2023[1]. In response to the increasing amount of unpaid taxes, the CRA has announced it will force the provincially owned cannabis wholesalers to garnish payments intended for licensed producers in arrears[2]. While this is an unprecedented move it speaks to the challenges pervasive across the industry. As per MJBizDaily, in March 2023 69.8% of cannabis corporations required to pay excise tax had failed to pay them in full[3]. Th ..read more

[Vancouver, March 5th, 2024] – CanMar, a leader in community, recruitment, and education in the global health, wellness and plant-based medicine landscape, is pleased to announce a strategic partnership with Canadian Cannabis Exchange (CCX) and Loud Lion Supply (LLS). This collaboration aims to enhance business opportunities, foster growth, and create synergies within the global cannabis industry. Under this collaboration, CCX will serve as CanMar’s exclusive B2B Cannabis Brokerage Strategic Partner on The Hub, CanMar’s community platform tailored to experts and trusted voices in the global he ..read more

This article was originally published in the 2023 CCX Bulk Wholesale Cannabis Pricing Report by George Smitherman. When I was preparing to write this piece, I started with a review of the CCX report from last year to guide me. Beyond the informative data about market trends my eye was really drawn to the survey responses from more than 60 LPs. For standard size LPs when asked about barriers to profitability references to government taxation and regulation stood as the most significant barriers. With that in mind, the questions ‘how did we fare in 2023?’ and ‘what are our prospects for positive ..read more

As we mark the 5th anniversary of legalization in Canada’s cannabis industry, it’s impossible to overlook the challenges faced by licensed producers. Recent headlines like “Canada’s cannabis industry burning out 5 years after legalization”, and “Canadian report details troubles plaguing nation’s cannabis industry”, underscore the difficulties. The market continues to grapple with regulatory hurdles, surplus supply, sluggish growth, and the enduring presence of the illegal market. A survey conducted by the Cannabis Council of Canada reveals that more than 80% of LPs have yet to attain positive ..read more

Canadian licensed producers (LPs) and processors are now eligible for funding through the recently launched 3.5 billion CAD Sustainable Canadian Agricultural Partnership (CAP) program. This program was an initiative released by Agriculture and Agri-Food Canada in an effort to strengthen the competitiveness, innovation and resiliency of the agriculture industry. This new opportunity for funding is a positive development for LPs and processors. It represents a significant step towards supporting the innovation and resilience of this sector, which has faced challenges like wholesale pricing decl ..read more

Over 2023 M&A activity has plummeted in the Canadian cannabis industry. According to Viridian Capital there were around $9 billion in Canadian cannabis M&A transactions in 2021, just under $2 billion in 2022 and less than $500 million in 2023 YTD. There are several factors that have affected this. In 2021 the market was still surging from recent recreational legalization and retail growth was growing at an annual pace of 47% per year, boosted by the COVID pandemic, which caused a surge in cannabis sales. Since then, market growth has slowed, competition has continually increased, the ..read more

Summer 2023 marked Canada’s worst ever wildfire season, which has already burned over 10 million hectares of land and displaced thousands of Canadians. As almost every province and territory in the country dealt with forest fires, concerns have risen in in the agriculture industry ranging from the health and safety of their employees to the potential destruction of their facilities and impacts on crops. Amidst raging wildfires, outdoor cannabis cultivators also have to grapple with a series of challenges that cast a shadow over their operations. The pervasive smoke generated by these fir ..read more