Category Archives: Cronos Group

CIBC compares cannabis to gold rush, predicts ‘beginning of global seismic shift’

The birth of the legal cannabis industry in Canada is akin to the gold rush, but very few cannabis companies will live up to their lofty expectations, according to a new report from one of the country’s largest banks. CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce, made the sobering assessment […]

Legal cannabis could skim $55 billion per year from alcohol, tobacco firms

Global alcohol and tobacco companies could face losses of $55 billion a year if a fully legal cannabis industry develops in North America, a new report predicts, a key driver for why those sectors are taking early steps into the blooming marijuana market. “For these two industries in particular, a move into the cannabis business is […]

Oregon marijuana firm Cura expands into Canada, eyes overseas growth

Cura Cannabis Solutions – one of the biggest cannabis companies in the United States by revenue – is expanding into the Canadian market through a partnership and supply deal with one of Canada’s top licensed producers, Cronos Group. Cura Select Canada, the Portland, Oregon-based company’s Canadian affiliate, plans to build a production hub in British […]