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TOP STORY

Canadian Cannabis Market Trends: Sales Increase As Youth Impact Study Unfolds

Briefly: Canadian cannabis sales increased 7.1% in March, reaching $301 million (C$414 million), per Statistics Canada.

So Basically: On a per-day basis, sales rose 0.2%. Compared to last year, sales were up 1.9%, down from August's 19.8% growth rate.

So Then: Total sales for 2023 increased by 12.5% to C$5.09 billion, while 2024 saw a modest 3.2% rise from a year ago.

So What: With sales on the rise, Canadian lawmakers are investing more in research related to the sector as well.

What Next: The Alberta government has established an expert panel to review the impact of cannabis on individuals under 25. A $280,000 grant has been allocated for this study, expected to conclude by summer.

Click here to read more.

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ZINGERS

Canopy Growth Reports 7% YoY Increase In Q4 Net Revenue, Continues Focus On Innovation In Canada And International Expansion

EXCLUSIVE: “People Love THCV Before The Gym” Says Phylos Executive On Cannabis Genetics Advancements

SLANG Worldwide Q1 Revenue Drops 35% YoY, Touts E-Commerce Segment Improvement Thanks To CBD Gummy Brand

Canadian Biotech Duo Hits Psilocybin Extraction Milestone For API Development At Scale

Illinois Lawmakers Fail To Update Cannabis Laws, Non-Profit Argues “Corporate Greed” Played A Role

ONE MORE FOR THE ROAD

Texas Collects Enough Signatures To Get Decriminalization On Ballot

Briefly: Cannabis activists in Lockhart, Texas have collected enough signatures to support the Lockhart Freedom Act that would decriminalize low-level cannabis possession.

Back Up: The news comes several weeks after the residents of Lubbock — West Texas' largest city with 264,000 residents — rejected a measure to decriminalize low-level marijuana offenses.

That Said: A recent poll revealed the vast majority of Texans support the legalization or decriminalization of cannabis.

What Else: Ground Game Texas and Mano Amiga, two organizations leading the decriminalization effort, saw success with similar proposals in San Marcos and Austin two years ago.

Click here to read more.

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