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SNDL cutting 85 position as marijuana job losses near 1,000 in Canada

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Calgary, Alberta-based SNDL is cutting 85 jobs as a part of a plan to deliver approximately 9 million Canadian dollars ($6.7 million) in cost savings, making it the latest Canadian cannabis firm to cut staff.

CEO Zach George said in a Monday announcement that SNDL made the decision to ax staff and activity in Olds, Alberta, to improve efficiency, citing massive overproduction in the Canadian market.

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“We estimate that more than 1 billion grams of flower are sitting in Canadian vaults today,” George said.

“Oversupply and excess capacity have resulted in high-quality flower being widely available and sold well below the marginal cost of production.”

MJBizDaily previously reported that the total amount of stored cannabis by licensed producers, wholesalers and retailers had reached 1.4 billion grams (1,543 tons), citing the latest Health Canada data.

SNDL’s layoffs come as cannabis producers across Canada have shed close to 1,000

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Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar

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The number of canceled cannabis business licenses have soared alongside the amount of “uncollectable” excise tax in Canada.

At least 123 federal cannabis business licenses either were canceled or pending cancellation in 2023, according to new data provided to MJBizDaily by the Canada Revenue Agency (CRA).

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That figure is almost triple the number of licenses canceled in 2022.

Companies with canceled licenses are unable to cultivate, produce, package or possess non-duty-paid cannabis.

The data paints a picture of an industry facing micro- and macroeconomic challenges, many of which were spelled out in briefing materials for Finance Minister Chrystia Freeland and obtained through an access-to-information request.

The latest CRA data shows that at least 212 licenses were canceled between federal marijuana legalization in late

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Florida adult-use marijuana campaign spending tops $55M as other MSOs join

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The most expensive adult-use marijuana legalization campaign in U.S. history is picking up speed in Florida.

Six additional marijuana multistate operators have joined the quest of Tallahassee-based Trulieve Cannabis Corp. to transition Florida’s $2 billion medical marijuana market – the largest in the country – to adult use.

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In addition to the new partners, legalization campaign committee Smart & Safe Florida announced Wednesday that it raised another $15 million toward the effort.

The MSOs joining the Trulieve-led initiative are:

Miami-based Ayr Wellness, which operates 63 medical marijuana treatment centers in the state. Chicago-headquartered Cresco Labs, 33. New York-based Curaleaf Holdings, 61. Chicago-headquartered Green Thumb Industries, 15. Massachusetts-based Insa, 10. Chicago-headquartered Verano Holdings, 74.

The latest $15 million contributed to the legalization

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Cookies cuts ties with its lone San Francisco marijuana store

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Cookies, the most recognizable brand in cannabis, traces its origins to San Francisco and the pre-legalization marijuana underground in the city that’s considered by many to be the birthplace of the legal industry in America.

But as of earlier this year, there is no longer a Cookies-branded marijuana store in San Francisco.

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The brand terminated the licensing agreement it had with Berner’s on Haight, an adult-use store that’s borne the name of the Cookies co-founder since 2020, company President Parker Berling told MJBizDaily.

Exactly what happened is still a mystery, as the involved parties are not discussing details publicly.

However, both the store and the iconic brand are currently battling unrelated lawsuits, including a wrongful termination complaint filed by a former employee at

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