NICHE this Week: 5 Things You Need to Know
As you kick off the week, here are five things making news in the cannabis industry:
New Blog: What’s with Weed?: What do I Really Need to Know?; Questions or concerns about cannabis? We have a new tool for educating Canadians on cannabis that is designed to help people make informed choices and promote their well-being. Check it out!
"Our ability to continue to invest and sustain the jobs that we have created is being severely challenged by the province's current retail cannabis policy framework." As the CBC reports, Canadian cannabis producers are stepping up pressure on the Ford government to speed up the distribution of retail licences in Ontario as poor sales continue to dog the industry.
Cannabis growers in Alberta will no longer be classified as agricultural businesses and so won't qualify for a property tax exemption. This will lead to municipalities getting a new source of revenue next year. As CTV reports, the change is to come into effect in the 2020 tax year.
ICYMI: Citing significant financial losses and overly restrictive federal regulations, the New Brunswick government is looking for a private operator take over its distribution and sales of recreational cannabis.
Food for Thought: Since cannabis became legal in Canada, more and more pet owners are turning to CBD oil as a therapy option. As the Sun reports, a 2019 study in the Canadian Veterinary Journal found 80 per cent of pet owners surveyed reported: “they had purchased cannabis products for their dogs most commonly for pain and anxiety.”