Report: Canadian Cannabis State of the Industry
The industry analysts at Ernst & Young have published a state of the industry report for the Canadian cannabis industry. Covering until the end of 2022, this report was “intended to highlight the key issues facing the cannabis industry and provide the supporting evidence.”
The executive summary highlights:
1. Successes of legalization;
2. Key issues facing the industry;
3. Key implications and takeaways, and
4. Future policy considerations
The methodology used to create the report including secondary and primary research to identify high-level successes and issues since inception of the Cannabis Act.
For more information about this report, visit:
https://www.ey.com/en_ca/cannabis-centre-of-excellence/canadian-cannabis-state-of-the-industry
Thanks for Visiting us at Lift Expo in Vancouver!
Thanks to everyone who dropped by our booth at the Lift Expo last week at the Vancouver Convention Centre.
We had a great time giving software demos and answering your questions about the new enterprise cannabis management features being added to AirMed in 2023.
We can’t wait to hear from you in the future and hope to see you again soon.
For more information about AirMed 5 visit: https://airmedcloud.com/intro-airmed-5/
For more information visit: Lift Expo
AirMed will be at Lift Expo this week in Vancouver
It’s just a couple of days until Lift Vancouver January 12-14, 2023 at the Vancouver Convention Centre.
Find us in booth 1312 in the expo hall where we will be ready to answer all your questions about the new enterprise cannabis management features being added to AirMed in 2023.
We can’t wait to see you at this event jam-packed with business-building content, captivating speakers, brand discovery, networking and so much more.
We will be showcasing AirMed 5 in booth 1312 in the expo hall.
For more information about AirMed 5 visit: https://airmedcloud.com/intro-airmed-5/
For more information visit: Lift Expo
Visit AirMed at Lift Expo Vancouver 2023
Three days jam-packed with business-building content, captivating speakers, brand discovery, networking and so much more await attendees at Lift Vancouver January 12-14, 2023 at the Vancouver Convention Centre.
With a renewed vision, signature Ah-Ha! moments, and a focus on the unique needs of audiences across the full cannabis ecosystem, Lift Vancouver 2023 is not to be missed.
The three-day event kicks off on Thursday, January 12, with the Lift Cannabis Business Conference, a strategy-focused, advocacy-oriented business conference intent on meaningful change and sustainable growth in the industry. On Friday, January 13 and Saturday, January 14, the Lift expo floor will showcase a wide array of leading and emerging exhibitors while debuting fresh experiences, education and activations.
We will be showcasing AirMed 5 in booth 1312 in the expo hall. For more information about this new enterprise cannabis management system visit: https://airmedcloud.com/intro-airmed-5/
For more information visit: Lift Expo
Less than a month to Lift Expo Vancouver 2023
Following a three-year hiatus, Lift returns to the Vancouver Convention Centre on January 12-14, 2023, and AirMed will be there! Don’t miss this premiere event, showcasing leading-edge content, hundreds of exhibiting companies and the best networking in the business!
Lift Cannabis Business Conference
A strategy-focused, advocacy-oriented business and community leadership conference intent on meaningful change and sustainable growth in the cannabis industry. Topics will include: The ‘Team Canada’ Approach, Raising Capital, Advocacy & Lobbying, Cannabis Blockchain, Indigenous Cannabis, Speed Breeding and more.
Lift Expo Days
The expo spans two high-energy days connecting the cannabis community with hundreds of exhibiting companies. Plus, two all-new neighborhoods, the Brand Discovery Zone and Micro & Small Batch Craft Growers Area, will bring fresh experiences to budtenders and consumers while showcasing and serving brands and growers.
Education & Experience!
Also brand-new for 2023, our Expo Floor stages will feature new content presented interactively for small groups, including Q&A’s and fireside chats. Don’t miss our famous Lift After Party, plus our signature surprises and a-ha moments.
AirMed is proud to be an exhibitor at the Vancouver Lift show in 2023. Visit us in booth 1312 in the expo hall.
For more information visit: Lift Expo
Lift Expo Vancouver 2023: Jan 12-14
The Lift & Co. Expo will be making its return to Vancouver January 12-14 at Vancouver Convention Centre.
Lift is a strategy-focused, advocacy-oriented business and community leadership conference intent on meaningful change and sustainable growth in the cannabis industry. Topics will include: The ‘Team Canada’ Approach, Raising Capital, Advocacy & Lobbying, Cannabis Blockchain, Indigenous Cannabis, Speed Breeding and More!
Visit AirMed in booth 1312 in the expo hall at LIFT 2023.
For more information visit: Lift Expo
What to Expect from the Cannabis Act Review
Since the announcement of the Cannabis Act review, people are speaking out about what they hope to see from reviewers.
The review was initially planned to begin in 2021 and look at the public health implications of the legalization of cannabis in Canada.
The CBC reported that the government delayed the start of the review to expand the scope. “The review mandate has been expanded to include an examination of the social and environmental effects of the Cannabis Act, the impact of legalization and regulation of medical cannabis and the impact on racialized communities and women.”
Read more here: https://www.cbc.ca/news/politics/public-health-cannabis-mandated-eview-1.6591442
An article in The Globe & Mail stated that “For George Smitherman, the chief executive officer of the Cannabis Council of Canada, the national industry association, the announcement comes at a critical time. Companies continue to face pressure from the illicit market, as well as excise taxes, provincial distributor markups and regulatory fees.”
Read more here: https://www.theglobeandmail.com/business/article-health-canada-cannabis-act-review/
The Toronto Star notes that the pot sector wants packaging changes and financial relief from the review. “The industry is frustrated the review’s launch arrived a year later than mandated but is still hoping it can result in enough tweaked restrictions to make cannabis distribution easier, draw in new customers and prevent more staffing and facility cuts.”
Read more here: https://www.thestar.com/news/cannabis/2022/09/22/pot-sector-wants-packaging-changes-financial-relief-from-cannabis-act-review.html
The review is expected to be completed in 18 months, and government officials say that it will consider health issues as well as financial, tax, regulatory and criminal-justice matters.
Government of Canada Launches Cannabis Act Review
On September 22, 2022, the Government of Canada announced the launch of a legislative review of the Cannabis Act.
The announcement stated, “Parliamentarians recognized the need for an early assessment of the Government’s new approach to cannabis control, and included a provision requiring a review in the Act. The review will help ensure that the Act adapts to the current situation and continues to meet Canadians needs and expectations.”
An independent panel of experts will lead what is being called a credible and inclusive review. “The Panel will provide independent, expert advice to both Ministers on progress made towards achieving the Act’s objectives, and will help identify priority areas for improving the functioning of the legislation.”
In conjunction with the legislative review, an online engagement process has been launched.
All Canadians are invited to read Taking Stock of Progress: Cannabis Legalization and Regulation in Canada.
Canadians are also encouraged to share their views via the online questionnaire or through written feedback until November 21, 2022.
Take the survey here: https://ca1se.voxco.com/SE/?st=3KoT2Xgsv4uHJF2%2F0i%2F7oo5IS3ATejUCjIjdJ4lUsME%3D&lang=en
You can also read the original announcement on the Government of Canada website.
Canadian cannabis sales projected to double over next five years
A “Cannabis Canada Weekly” column published on BNN Bloomberg in March 2022 reports that Canadian cannabis sales are expected to double to $8.8B over next five years.
The article refers to a report published by the market researchers at Brightfield Group and notes, “The pace of sales in Canada’s cannabis market may be slowing down, but it is still expected to double over the next five years, according to a new report.”
Read the article by visiting BNN Bloomberg: https://www.bnnbloomberg.ca/cannabis-canada-weekly-market-expected-to-double-by-2027-pot-stocks-up-on-u-s-legalization-hopes-1.1743189
AirMed Nominated for Two 2022 O'Cannabiz Awards
We’ve been nominated in the O’Cannabiz Awards as Best Software and Best Innovative Technology!
Hosted by the producers of the O’Cannabiz Conference & Expo, the awards program is designed to recognize excellence and innovation in our industry.
Between now and May 14, 2022, anyone can vote on which nominees will win in the O’Cannabiz Awards. To vote you need to register for free on the O’Cannabiz website. Once registered, you can go back to vote any time before the deadline, but registered voters can only vote once in each category (see list below).
An awards gala will be held during the O’Cannabiz Conference & Expo on June 1st, 2022 in Toronto to honour cannabis professionals and companies.
Please vote for AirMed in the Best Software and the Best Innovative Technology categories by registering at:
https://awards.ocannabiz.com/To learn more about the conference & expo, visit: https://ocannabiz.com/
O’Cannabiz Awards categories
Attorney of the Year
Best Activist/Advocate of the Year
Best Budtender
Best Business Consultancy
Best Cannabis Clinic
Best Cannabis Nutrients Product
Best Customer Service
Best Disinfection and Pest Control Services
Best Engineering Firm
Best Extraction Equipment
Best Extraction Facility/Toll Processing
Best Growing Medium
Best Home Grow Package
Best HVAC & Ventilation Systems
Best Hydroponics System
Best Innovative Technology
Best Lab Equipment
Best Lab Testing Facilities
Best Lighting Systems
Best Marketing Campaign
Best new Start-Up
Best News Source
Best Packaging Design
Best Packaging Equipment
Best POS/CRM Software
Best PR/Advertising Agency
Best Retail Chain
Best Retail Interior Design
Best Security Service
Best Seedbank
Best Software
Best Storefront Branding
Best Supplier/Distributor
Best Top Retail Store (Single Location)
Best Trimming Equipment
Best Water Filtration System
Brand of the Year
Cannabis Person of the Year
Favourite Accessory
Favourite Capsules, Extracts, Concentrates
Favourite CBD & Topicals
Favourite Edible Product
Favourite Flower
Favourite Infused Beverages
Favourite Product of the Year
Favourite Retail Store or Medical Clinic
Favourite Vaporizer
Green Deed(s) Award
Licensed Producer of the Year
Medical Cannabis Professional of the Year
Outstanding Educator or Institution of the Year
Scientific Researcher or Facility
Social Media Influencer of the Year
Health Canada authorizing dried and fresh cannabis sales to licensees
Beginning April 19, 2022, existing holders of micro and standard cannabis licenses in Canada will be granted authorization to sell dried and fresh cannabis products. A notification went out to existing license holders at the end of March that this regulatory change will allow them to sell dried or fresh cannabis products to provincial wholesalers. Prior to this, a sales amendment was required to sell those products.
“Initial licensing came with sales conditions, and the amendment application process could take months,” said Justin Hearn, president and CEO of AirMed Canada Systems, “These changes are designed to reduce the regulatory burden for licensees and help them get their products to market more quickly. We expect this to be especially significant for our micro clients who want to carry out farmgate sales.”
Health Canada will automatically reissue licenses with amended conditions over the next three months. Those who had already applied for an amendment for dried and fresh cannabis sales will be prioritized in the process. Following the regulations, licensees will still need to submit a Notification of New Cannabis Product (NNCP) 60 days in advance of the sale of any new product.
This modification to the license program has been implemented as part of Health Canada’s efforts to improve the cannabis licensing process. According to the notification, “The decision is based on the lower risk associated with producing dried and fresh cannabis products.”
Note that the change applies only to dried and fresh cannabis products. Other products, such as edibles and vape cartridges, are not included in the sales amendment. Licensees planning to sell those products must still apply to Health Canada for a sales amendment.
“While these changes do not apply to the sale of extracts and edibles, it is certainly a step in the right direction,” said Hearn. “We expect edibles and extracts to play a significant role in cannabis sales in the future and have already added support in AirMed for these classes of cannabis.”
For more information about cannabis in Canada, visit: https://www.canada.ca/en/services/health/campaigns/cannabis/industry.html
For information on how AirMed manages the sale of cannabis products for licensees, visit: https://airmedcloud.com/software/#sell
Lift Expo Toronto 2022: May 12-15
The Lift & Co. Expo will be making its return to Toronto this May 12-15, 2022 at The Metro Toronto Convention Centre.
The Lift Expo pride itself on providing top-notch educational content, enriching thought leadership from the industry’s brightest minds, and of course, fun & authentic networking opportunities.
Featuring hundreds of exhibitors, a band of forward-thinking speakers, and the movers & shakers of the industry, Lift & Co. Expo is the meeting place for cannabis consumers, professionals and media.
For more information visit: Lift Expo
Report says Cannabis Contributed $43.5 Billion to Canada’s GDP since legalization
The industry analysts at Deloitte Canada have published an annual report on the Canadian cannabis industry. Posted February 1, 2022, the report is titled, “An industry makes its mark: the economic and social impact of Canada’s cannabis sector.”
The authors of the report wrote, “Canada’s cannabis industry is generating billions for the country’s economy and government coffers… In the span of three years, the Canadian cannabis sector has found its footing and emerged as a thriving new source of economic growth, creating and supporting tens of thousands of jobs in communities countrywide.”
The report is based on a study that uses an input-output methodology to estimate the economic contributions of the Canadian cannabis sector.
To read more about this report visit: Deloitte Canada
To download the full report in PDF visit: An industry makes its mark
Deloitte Report Discusses Retail Cannabis Pricing Dynamics
With the help of BDSA and Hifyre, the analysts at Deloitte Canada examined consumer sales data alongside Deloitte’s recent survey of cannabis consumer preferences. The goal? To better understand pricing dynamics in both the Canadian and American adult-use cannabis markets.
“We discovered some fundamental similarities between cannabis and consumer packaged goods (CPG) markets—and some key differences.”
This report, titled “Price. It’s Complicated,” gives a close look at how cannabis behaves like a typical CPG (consumer packaged goods) market and the dynamics at play when it doesn’t. The report outlines some recommendations for companies looking to stay competitive in the challenging environment of this young industry.
To read more about this report visit: Deloitte Canada
To download the full report in PDF visit: Price. It’s Complicated.
Lift Expo Toronto 2021: Nov 18-21
The Lift & Co. Expo will be making its return to Toronto this November 18-21 at The Metro Toronto Convention Centre North Building.
The Lift Expo pride itself on providing top-notch educational content, enriching thought leadership from the industry’s brightest minds, and of course, fun & authentic networking opportunities.
Featuring hundreds of exhibitors, a band of forward-thinking speakers, and the movers & shakers of the industry, Lift & Co. Expo is the meeting place for cannabis consumers, professionals and media.
For more information visit: Lift Expo
Cannabis in Canada: Get the Facts
Do you have questions about cannabis in Canada? Would you like to understand the laws that govern the Canadian cannabis industry? Are you considering applying for a license to cultivate, process or sell cannabis?
The federal government has a webpage that outlines what industry needs to know about cannabis in Canada. This information covers the basics related to doing business in the cannabis industry including:
Impact of the new law and regulations on industry
- Applying for or amending a federal licence
- Packaging and labelling requirements
- Cannabis Tracking and Licensing System requirements
- Compliance and enforcement under the Cannabis Act
- Prohibitions on promotions
- and more
The page provides links to relevant sections of the federal government website where you can find more information on each topic.
https://www.canada.ca/en/services/health/campaigns/cannabis/industry.html
For more information on how AirMed helps you meet compliance, visit our Compliance page or our Frequently Asked Questions page. If you’d like to discuss your specific needs, please give us a call at 1-877-313-2442 or use one of the contact forms to start the ball rolling.
Join AirMed at Virtual Grower Day April 14
Hosted by Greenhouse Canada & Grow Opportunity magazine, Grower Day comes to a new virtual platform for 2021.
Grower Day on April 14 spotlights all things cannabis cultivation, including trends and issues that impact Canada’s licensed cannabis producers.
Meet with experts and growers from across the country, and discuss the latest in research, technology and production practices.
AirMed seed-to-sale business solutions will be an exhibitor at this event, so drop by our virtual booth to find out more about AirMed Cloud software and our turn-key ecosystem.
For more information visit: Grower Day April 14, 2021
Visit our virtual booth: AirMed at Virtual Grower Day
Market Researcher Says Canadian Cannabis Industry Exceeded $2.6 billion in 2020
According to BDSA, a market research firm specializing in the cannabis industry, global cannabis sales exceeded $21 billion in 2020. Based in Boulder, Colorado in the United States, BDSA made this announcement on March 5, 2021 in a blog post highlighting statistics from a market forecast.
The post noted, “Legal cannabis sales in Canada totaled an estimated $2.6 billion in 2020 and are forecast to grow to nearly $6.4 billion in 2026, a CAGR of 16%… During the year, BDSA Retail Sales Tracking data in Alberta and British Columbia showed rapid growth in shares of new Cannabis 2.0 product categories.”
The market research company also made predictions for the market into 2026. “Global cannabis sales reached nearly $21.3 billion in 2020, an increase of 48% over 2019 sales of $14.4 billion. BDSA forecasts global cannabis sales will grow from $21.3 billion in 2020 to $55.9 billion in 2026, a compound annual growth rate (CAGR) of more than 17%. This growth is expected to be steady, roughly $6 billion annually.”
For more information visit:
https://blog.bdsa.com/cannabis-sales-in-2020
Cannabis Helps Canadian Agriculture Industry in 2020
According to the newspaper Moosejaw Today, Statistic Canada reported farm cash receipts of $16.7 billion increased 5.2 per cent in 2020 over 2019.
The newspaper article, published September 13, 2020, stated, “Without a 62 per cent increase — $685 million — in cannabis sales, farm cash receipts would have increased a mere .8 per cent… Led by surging cannabis sales, farm cash receipts in the first half of the year bucked the general decline caused by the coronavirus.”
To read the original article, visit: https://www.moosejawtoday.com/local-news/cannabis-steers-healthy-increase-in-agriculture-income-2706446
AirMed Recognized as Underlying Technology Software for Cannabis Sector
In a recent article by venture capital company Canopy Rivers, AirMed was recognized as one of the foundation vendors of seed-to-sale software. In a ‘market insights” post, Ben Futoriansky, an Associate in Business Development at Canopy Rivers, described specialized cannabis technology suppliers as “picks & shovels” for the sector.
“The sector-agnostic use case of many technology-driven innovations has led to software becoming the foundation in various industries. Following decades of prohibition and patchwork regulations, many established software solutions have not yet been applied to the cannabis sector. This has paved the way for specialized cannabis…”
To read the full article, visit Canopy Rivers.