Unpaid Cannabis Excise Tax: A Looming Crisis for Canada’s Cannabis Industry
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
4M ago
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
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CanMar, Canadian Cannabis Exchange (CCX) & Loud Lion Announce Strategic Partnership
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
4M ago
[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
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Cannabis Regulatory: Looking Back – Looking Forward
Canadian Cannabis Exchange Blog
by George Smitherman
6M ago
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
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Adapting and Innovating: The Story of Canada’s Cannabis Industry After 5 Years
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
9M ago
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
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3.5 Billion in Federal Funding Available To Assist the Canadian Cannabis Industry
Canadian Cannabis Exchange Blog
by dex_admin
10M ago
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
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State of a Fragmented Market
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
10M ago
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
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How Forest Fires are Shaping the Fate of Cannabis Cultivation
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
11M ago
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
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Innovation in the Cannabis Industry
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
1y ago
Since its formation, The Canadian Cannabis Exchange (CCX) has consistently positioned itself at the forefront of innovation within the rapidly evolving cannabis industry. In 2019, drawing inspiration from screens used in oil and gas trading, CCX developed a cutting-edge wholesale cannabis live trading platform with the goal of bringing transparency and standardization to the industry. This has established CCX as a leading force in the B2B cannabis market, garnering a vast network of licensed producers across Canada. CCX has seamlessly facilitated thousands of wholesale cannabis transactions ..read more
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Exploring Q2 Wholesale Cannabis Pricing Trends
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
1y ago
As the Canadian cannabis industry continues to evolve, understanding wholesale pricing trends is crucial for buyers and sellers to make informed decisions. Let’s take a look at the average Q2 and June 2023 pricing dynamics for three key THC indices. Index 6 (30%+ THC): Steady Growth at a Premium Pricing in Index 6 strengthened through Q2, averaging $1.92/gram in June after settling at $1.68 in April and $1.90/gram in May. Overall, in Q2 Index 6 traded at a slight premium (+3%) to the Q1 average pricing of $1.73. Index 5 (25-30% THC): Steady Growth at a Premium Index 5 achieved an average ..read more
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How Canada’s Oversupply of Cannabis Is an Export Opportunity
Canadian Cannabis Exchange Blog
by Canadian Cannabis Exchange
1y ago
As the demand for cannabis legalization increases internationally, Canada has the opportunity to become the world leader in cannabis exports. Canada is the first G7 country to legalize the consumption and procurement of recreational cannabis and has the first mover advantage to build rapport overseas. It’s projected that international cannabis sales will reach $35 billion by the end of 2022. Today, Canadian licensed producers (LP) with the proper certifications and permits can only export cannabis for medical and clinical research purposes. Some larger Canadian cannabis producers are turning t ..read more
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