Ontario Cannabis Store plans to overhaul wholesale markups

Published

2 years ago

February 16, 2023

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The Ontario Cannabis Store (OCS) says it is reforming markups on wholesale marijuana at the expense of its own margins in a move meant “to help enable a vibrant cannabis marketplace.”

The OCS, which is owned by the Ontario government, has a monopoly on supplying licensed recreational marijuana stores in Canada’s largest provincial cannabis market.

“Reduced margin levels are expected to help enable a vibrant marketplace so that it is better positioned to compete with illegal operators,” the OCS said in a Thursday announcement.

The OCS told MJBizDaily in September that it was reviewing its markups.

MJBizDaily has reported that the wholesaler in Canada’s most valuable adult-use market was cumulatively the most profitable cannabis business in the country.

In December 2021, Ontario’s auditor general knocked the OCS for its value-based pricing approach for cannabis products, saying it was “not based on sufficient analysis and is not transparent

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Oklahoma voters could weigh in on adult-use marijuana legalization in 2026

Published

3 days ago

April 4, 2025

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Oklahoma voters could see an adult-use marijuana legalization initiative on their 2026 ballots.

Legacy advocacy group Oklahomans for Responsible Cannabis Action (ORCA) would need to collect more than 172,000 signatures by July to place proposed State Question 837 on state ballots, according to The Oklahoman.

For that to happen, though, the measure’s language must survive any legal challenges.

The measure would be the second attempt by legalization advocates to introduce recreational cannabis in what was for years the most business-friendly medical marijuana market in the country.

Oklahoma voters decisively rejected adult-use marijuana legalization in a low-turnout March 2023 special election, with 61.67% of voters opposed.

ORCA Director Jed Green told The Oklahoman that Question 837 is crafted with that loss in mind.

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Marijuana Business Daily

MJBizCon offers speakers chance to share cannabis insights, shape industry

Published

3 days ago

April 4, 2025

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The most fulfilling part of an MJBizCon presentation is right after the Q&A, when the speaker is met by exuberant and inspired audience members.

Questions are asked, cards are exchanged and the excitement is palpable.

Cannabis industry experts interested in inspiring their peers and advancing the industry have until 11:59 p.m. ET on April 11 to apply to speak at MJBizCon 2025. Replies will likely go out in May.

So far, nearly 170 speaker applications have been received.

This year’s MJBizCon – the 13th edition – is scheduled for Dec. 2-5 at the Las Vegas Convention Center.

Speaking at the world’s largest marijuana business conference and trade show “offers a chance to share insights and strategies that empower others to elevate their businesses

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As cannabis consumer tastes evolve, industry must look beyond potency

Published

5 days ago

April 2, 2025

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(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Chris O’Ferrell (Courtesy photo)

For years, the cannabis industry has been shaped by a singular focus: THC potency.

Store menus highlight percentages, consumers chase high numbers, and many strains have been bred to maximize THC content at the expense of other characteristics.

But is that truly what makes marijuana special?

Beyond THC levels, branding, packaging and promotions heavily influence consumer choices.

The classic $200-per-ounce deal has evolved into a $100 mix-and-match special, allowing consumers to explore a variety of terpene profiles and effects.

Just as craft beer enthusiasts appreciate curated tasting flights, cannabis enthusiasts now seek diversity in their experiences.

Keeping up with industry trends while

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