Canadian cannabis braces for competition as U S legalization looms financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
Article content
Convenience store chain 7-Eleven’s announcement that it wants to sell wine and beer to consume in its Ontario stores has surprised business owners and experts alike, and stoked concerns for the future of a restaurant industry still recovering from COVID-19 pandemic restrictions.
The chain announced on Wednesday that it had submitted 61 applications for a licence to sell beer and wine for in-store consumption, which if approved, could put their stores on par with restaurants and bars.
We apologize, but this video has failed to load.
Try refreshing your browser, or 7-Eleven plan to sell beer, wine for in-store consumption no threat to restaurants: Business expert Back to video
7-Eleven plan to sell beer, wine for in-store consumption no threat to restaurants: Business expert windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.
Canopy shuts the joint down: Was a dream of industrial cannabis in N.L. just a puff of smoke?
Canopy Growth has decided to board up a massive plant it did not even open, leaving questions about just what Newfoundland and Labrador is getting out of legal marijuana, writes John Gushue.
Social Sharing
With Canopy Growth shuttering a massive plant it never even opened, the state of legal weed is up for debate
Posted: Dec 12, 2020 6:00 AM NT | Last Updated: December 12, 2020
Brad Poulos says Canopy is dealing with overcapacity problems.
Social Sharing
CBC News · comments
Canopy was set to open its largest site in Atlantic Canada in the White Hills area of St. John s, but it cancelled those plans before even growing any cannabis inside.(Erik White/CBC )
An expert in the cannabis business industry says the closure of five Canopy Growth facilities across Canada, including in St. John s, is the latest step in the evolution of the legal cannabis industry.
Brad Poulos, an instructor at Ryerson University s school of business management, told The St. John s Morning Show on Thursday that often when industries get created more suppliers than needed enter the market.