What You Should Know About Cannabis Legalization in BC (Part 3 of 3): Consumers and Education

This post is the third in our three-part series on cannabis legalization in BC. It will review rules affecting consumers of cannabis as well as where you can get an education that will allow you to work in the cannabis industry. For part one on Private Retailers, click here. For part two on For-Profit Production, click here.

Consumers:

Many of the laws for consumers around cannabis will resemble our current laws around tobacco and alcohol:

  • You must be over 19 to purchase and use cannabis.
  • You can possess up to 30 grams of legally produced cannabis, which can be purchased from licensed establishments.
  • You can grow up to 4 plants per household but they must not be visible to anyone off the property.
  • If you run a home day-care on your property, you cannot grow cannabis.
  • Cannabis smoking is prohibited everywhere that tobacco smoking is prohibited; in addition, it cannot be smoked anywhere that children use regularly, such as parks.

(Cannabis, n.d.)

To purchase cannabis, consumers have to produce the same two pieces of ID they must have when purchasing alcohol (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018). For more information, please see the Government of BC Cannabis information page.

Higher Education:

Interested in getting involved in the cannabis industry but feel like you need to know more? Schools across Canada have already begun offering a variety of courses:

  • Olds College will be running an Introduction to Cannabis Retail online course to prepare students for working in the cannabis retail industry, providing scientific and product knowledge, as well as knowledge around regulations. (Olds College cannabis course launched, 2018)
  • Niagara College has started a Commercial Cannabis Production program, which prepares students to work in the production of cannabis on a commercial scale. (Brown, 2018)
  • Ryerson University’s G. Raymond Chang School of Continuing Education is offering a Business of Cannabis course, which will cover a variety of topics relevant to the cannabis industry to give entrepreneurial students a “competitive edge”. (The GrowthOp, 2018)

The Canadian cannabis industry is just beginning. Although legislation across the country and in different provinces comes into effect on October 17th, 2018, many consequences of the change are still unknown, and it is likely that this new and active industry will see a great deal of change over the next few years.

Are you planning to enter or already a part of this new industry? Let us know what you think of the laws and the impact they will have on your business down below, or tweet us @sba_bc. We look forward to hearing from you!

If you are interested in requesting further commentary from UBC experts about recreational cannabis legalization, please click here.

Photo credit: BC Liquor Distribution Branch. Attribution required, no derivatives permitted.

References:

Brown, A. (2018 September 5). Niagara College offers Canada's first cannabis production program. City News. Retrieved from https://toronto.citynews.ca/2018/09/05/niagara-college-offers-canadas-fi...

Cannabis. (n.d.). Government of British Columbia. Retrieved from https://www2.gov.bc.ca/gov/content/safety/public-safety/cannabis

Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia. (2018 August). Government of British Columbia. Retrieved from https://www2.gov.bc.ca/assets/gov/employment-business-and-economic-devel...

Courtenay, P. (2018, July 6). B.C. government paints a bleak picture of the legal cannabis retail landscape. The Georgia Straight. Retrieved from https://www.straight.com/cannabis/1099646/bc-government-paints-bleak-pic...

Courtenay, P. (2018, July 11). B.C. government announces 31 licensed cannabis producers set to supply the recreational market. The Georgia Straight. Retrieved from https://www.straight.com/cannabis/1101911/bc-government-announces-31-lic...

Craft Cannabis Association of BC. (2018, May 18). BC craft cannabis sounds alarm over survival of sector. Retrieved from https://www.craftcannabis.ca/position-papers/

Daily Hive Staff. (2018, September 14). Take a virtual tour of this BC cannabis production facility. Daily Hive. Retrieved from http://dailyhive.com/grow/tantalus-labs-vitrual-tour-cannabis-production...

Daily Hive Staff. (2018 July 9). These are Canada's 3 biggest legal cannabis facilities in 2018. Daily Hive. Retrieved from http://dailyhive.com/vancouver/grow-canada-biggest-cannabis-facilities-2018

INTERNATIONAL: Cannabis sector investment is rising. (2018 September 04). OxResearch Daily Brief Service. Retrieved from http://ezproxy.library.ubc.ca/login?url=https://search.proquest.com/docv...

Kane, L. (2018 July 13). B.C. says local governments can regulate cannabis growth on agricultural land. The Globe and Mail. Retrieved from https://www.theglobeandmail.com/cannabis/article-bc-says-local-governmen...

Korstrom, G. (2018 August 17). B.C. government restrictions have retail-cannabis entrepreneurs scrambling. Richmond News. Retrieved from https://www.richmond-news.com/business/b-c-government-restrictions-have-...

Little, S. (2018 September 16). With 1 month to legalization, B.C. warns pot shop crackdown coming. Global News. Retrieved from https://globalnews.ca/news/4455598/bc-legalization-pot-crackdown/

Liquor and Cannabis Regulation Branch. (n.d.). Indigenous Nations’ role in licensing non-medical cannabis retail stores. Retrieved from https://www2.gov.bc.ca/assets/gov/employment-business-and-economic-devel...

Liquor and Cannabis Regulation Branch. (n.d.). Local governments’ role in licensing non-medical cannabis retail stores. Retrieved from https://www2.gov.bc.ca/assets/gov/employment-business-and-economic-devel...

Olds College cannabis course launched. (2018 September 4). Red Deer Advocate. Retrieved from https://www.reddeeradvocate.com/news/olds-college-cannabis-course-launch...

Potenteau, D. (2018 July11). When B.C. government pot shops open, they’ll carry more than 150 kinds of weed. Global News. Retrieved from https://globalnews.ca/news/4326038/when-b-c-government-pot-shops-open-th...

Retailers. (2018). Liquor Distribution Branch. Retrieved from https://www.bcldbcannabisupdates.com/opportunities/retailers

Sayler, B. (2018 June). Cannabis production in Canada [industry report 11141CA.] IBISWorld. Retrieved from http://clients1.ibisworld.ca/reports/ca/industry/default.aspx?entid=14456

Simon, R. (2018 July 13). Industry insights: Canadian cannabis production industry booming amid government deregulation. IBISWorld. Retrieved from https://www.ibisworld.com/media/2018/07/13/industry-insights-canadian-ca...

Shore, R. (2018 August 2). Growing cannabis at home in B.C. won't be illegal, but it won't be easy either. Vancouver Sun. Retrieved from https://vancouversun.com/cannabis/cannabis-news/growing-cannabis-at-home...

Spriggs, A. (2018 July 27). BC missing big opportunity in ‘craft cannabis,’ say critics. The Tyhee. Retrieved from https://thetyee.ca/News/2018/07/27/BC-Missing-Cannabis-Opportunity/

The GrowthOp. (2018 August 14). Ryerson becomes first university in Ontario to offer cannabis business course. The GrowthOp. Retrieved from https://www.thegrowthop.com/cannabis-news/ryerson-becomes-first-universi...

Zussman, R. (2018 September 13). B.C. expects it will take two to three years for legal marijuana industry to ‘mature’. Global News. Retrieved from https://globalnews.ca/news/4448490/bc-two-to-three-years-legal-marijuana...

Cannabis Legalization Series

What You Should Know About Cannabis Legalization in BC (Part 3 of 3): Consumers and Education

This post is the third in our three-part series on cannabis legalization in BC. It will review rules affecting consumers of cannabis as well as where you can get an education that will allow you to work in the cannabis industry. For part one on Private Retailers, click here. For part two on For-Profit Production, click here.

Consumers:

Many of the laws for consumers around cannabis will resemble our current laws around tobacco and alcohol:

  • You must be over 19 to purchase and use cannabis.
  • You can possess up to 30 grams of legally produced cannabis, which can be purchased from licensed establishments.
  • You can grow up to 4 plants per household but they must not be visible to anyone off the property.
  • If you run a home day-care on your property, you cannot grow cannabis.
  • Cannabis smoking is prohibited everywhere that tobacco smoking is prohibited; in addition, it cannot be smoked anywhere that children use regularly, such as parks.

(Cannabis, n.d.)

To purchase cannabis, consumers have to produce the same two pieces of ID they must have when purchasing alcohol (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018). For more information, please see the Government of BC Cannabis information page.

Higher Education:

Interested in getting involved in the cannabis industry but feel like you need to know more? Schools across Canada have already begun offering a variety of courses:

  • Olds College will be running an Introduction to Cannabis Retail online course to prepare students for working in the cannabis retail industry, providing scientific and product knowledge, as well as knowledge around regulations. (Olds College cannabis course launched, 2018)
  • Niagara College has started a Commercial Cannabis Production program, which prepares students to work in the production of cannabis on a commercial scale. (Brown, 2018)
  • Ryerson University’s G. Raymond Chang School of Continuing Education is offering a Business of Cannabis course, which will cover a variety of topics relevant to the cannabis industry to give entrepreneurial students a “competitive edge”. (The GrowthOp, 2018)

The Canadian cannabis industry is just beginning. Although legislation across the country and in different provinces comes into effect on October 17th, 2018, many consequences of the change are still unknown, and it is likely that this new and active industry will see a great deal of change over the next few years.

Are you planning to enter or already a part of this new industry? Let us know what you think of the laws and the impact they will have on your business down below, or tweet us @sba_bc. We look forward to hearing from you!

If you are interested in requesting further commentary from UBC experts about recreational cannabis legalization, please click here.

Photo credit: BC Liquor Distribution Branch. Attribution required, no derivatives permitted.

References:

Brown, A. (2018 September 5). Niagara College offers Canada's first cannabis production program. City News. Retrieved from https://toronto.citynews.ca/2018/09/05/niagara-college-offers-canadas-fi...

Cannabis. (n.d.). Government of British Columbia. Retrieved from https://www2.gov.bc.ca/gov/content/safety/public-safety/cannabis

Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia. (2018 August). Government of British Columbia. Retrieved from https://www2.gov.bc.ca/assets/gov/employment-business-and-economic-devel...

Courtenay, P. (2018, July 6). B.C. government paints a bleak picture of the legal cannabis retail landscape. The Georgia Straight. Retrieved from https://www.straight.com/cannabis/1099646/bc-government-paints-bleak-pic...

Courtenay, P. (2018, July 11). B.C. government announces 31 licensed cannabis producers set to supply the recreational market. The Georgia Straight. Retrieved from https://www.straight.com/cannabis/1101911/bc-government-announces-31-lic...

Craft Cannabis Association of BC. (2018, May 18). BC craft cannabis sounds alarm over survival of sector. Retrieved from https://www.craftcannabis.ca/position-papers/

Daily Hive Staff. (2018, September 14). Take a virtual tour of this BC cannabis production facility. Daily Hive. Retrieved from http://dailyhive.com/grow/tantalus-labs-vitrual-tour-cannabis-production...

Daily Hive Staff. (2018 July 9). These are Canada's 3 biggest legal cannabis facilities in 2018. Daily Hive. Retrieved from http://dailyhive.com/vancouver/grow-canada-biggest-cannabis-facilities-2018

INTERNATIONAL: Cannabis sector investment is rising. (2018 September 04). OxResearch Daily Brief Service. Retrieved from http://ezproxy.library.ubc.ca/login?url=https://search.proquest.com/docv...

Kane, L. (2018 July 13). B.C. says local governments can regulate cannabis growth on agricultural land. The Globe and Mail. Retrieved from https://www.theglobeandmail.com/cannabis/article-bc-says-local-governmen...

Korstrom, G. (2018 August 17). B.C. government restrictions have retail-cannabis entrepreneurs scrambling. Richmond News. Retrieved from https://www.richmond-news.com/business/b-c-government-restrictions-have-...

Little, S. (2018 September 16). With 1 month to legalization, B.C. warns pot shop crackdown coming. Global News. Retrieved from https://globalnews.ca/news/4455598/bc-legalization-pot-crackdown/

Liquor and Cannabis Regulation Branch. (n.d.). Indigenous Nations’ role in licensing non-medical cannabis retail stores. Retrieved from https://www2.gov.bc.ca/assets/gov/employment-business-and-economic-devel...

Liquor and Cannabis Regulation Branch. (n.d.). Local governments’ role in licensing non-medical cannabis retail stores. Retrieved from https://www2.gov.bc.ca/assets/gov/employment-business-and-economic-devel...

Olds College cannabis course launched. (2018 September 4). Red Deer Advocate. Retrieved from https://www.reddeeradvocate.com/news/olds-college-cannabis-course-launch...

Potenteau, D. (2018 July11). When B.C. government pot shops open, they’ll carry more than 150 kinds of weed. Global News. Retrieved from https://globalnews.ca/news/4326038/when-b-c-government-pot-shops-open-th...

Retailers. (2018). Liquor Distribution Branch. Retrieved from https://www.bcldbcannabisupdates.com/opportunities/retailers

Sayler, B. (2018 June). Cannabis production in Canada [industry report 11141CA.] IBISWorld. Retrieved from http://clients1.ibisworld.ca/reports/ca/industry/default.aspx?entid=14456

Simon, R. (2018 July 13). Industry insights: Canadian cannabis production industry booming amid government deregulation. IBISWorld. Retrieved from https://www.ibisworld.com/media/2018/07/13/industry-insights-canadian-ca...

Shore, R. (2018 August 2). Growing cannabis at home in B.C. won't be illegal, but it won't be easy either. Vancouver Sun. Retrieved from https://vancouversun.com/cannabis/cannabis-news/growing-cannabis-at-home...

Spriggs, A. (2018 July 27). BC missing big opportunity in ‘craft cannabis,’ say critics. The Tyhee. Retrieved from https://thetyee.ca/News/2018/07/27/BC-Missing-Cannabis-Opportunity/

The GrowthOp. (2018 August 14). Ryerson becomes first university in Ontario to offer cannabis business course. The GrowthOp. Retrieved from https://www.thegrowthop.com/cannabis-news/ryerson-becomes-first-universi...

Zussman, R. (2018 September 13). B.C. expects it will take two to three years for legal marijuana industry to ‘mature’. Global News. Retrieved from https://globalnews.ca/news/4448490/bc-two-to-three-years-legal-marijuana...

Cannabis Legalization Series

What You Should Know About Cannabis Legalization in BC (Part 2 of 3): For-Profit Production

This post is the second in our three-part series on cannabis legalization in BC. For part one on Private Retailers, click here. For part three on Consumers and Education, click here.

For-Profit Production:

Currently, the BC LBD has contracts with 31 licensed cannabis producers (Spriggs, 2018). Smaller producers will not be able to apply to sell their crop to LBD and retailers until mid-October, once the legislation comes into effect (Spriggs, 2018).

Many municipalities do not want cannabis grown in concrete bunkers on their Agricultural Land Reserves (ALR), but it may be possible to request a special zoning permit to grow on land that is not part of the ALR; those who want to produce cannabis should ensure they are aware of their municipality’s stance and bylaws (Spriggs, 2018; Kane, 2018). For example, Tilray Inc., one of the companies that will be a licensed producer for LBD, is growing in an industrial zone in Nanaimo (Kane, 2018). Growing outside of the ALR will mean that producers pay higher taxes.

Additional information for potential and current producers:

  • Craft Cannabis BC estimates that craft growers in BC were supplying up to 70% of Canada’s cannabis (Spriggs, 2018; Craft Cannabis Association of BC, 2018), prior to agreements being signed with large producers such as Aurora Cannabis Inc.
  • The Federal Cannabis Act does allow for licensing of micro producers, allowing for a maximum canopy of 200 square metres. (Spriggs, 2018; Craft Cannabis Association of BC, 2018)
  • A list of all 31 producers with who have entered into licensed agreements with the province to provide recreational cannabis can be found here.

Those who are interested in entering the cannabis production business in BC may want to contact associations such as the Craft Cannabis Association of BC, Cannabis Growers of Canada, or Cannabis Commerce Association of Canada.

If you would like to know more about how cannabis production works, BC cannabis producer Tantalus Labs has a made a virtual tour of their facility available here and here is a brief article about the company and their tour( Daily Hive Staff, 2018).

Are you planning to enter or already a part of this new industry? Let us know what you think of the laws and the impact they will have on your business down below, or tweet us @sba_bc. We look forward to hearing from you!

For part three on Consumers and Education, click here.

Photo credit: BC Liquor Distribution Branch. Attribution required, no derivatives permitted.

Cannabis Legalization Series

What You Should Know About Cannabis Legalization in BC (Part 2 of 3): For-Profit Production

This post is the second in our three-part series on cannabis legalization in BC. For part one on Private Retailers, click here. For part three on Consumers and Education, click here.

For-Profit Production:

Currently, the BC LBD has contracts with 31 licensed cannabis producers (Spriggs, 2018). Smaller producers will not be able to apply to sell their crop to LBD and retailers until mid-October, once the legislation comes into effect (Spriggs, 2018).

Many municipalities do not want cannabis grown in concrete bunkers on their Agricultural Land Reserves (ALR), but it may be possible to request a special zoning permit to grow on land that is not part of the ALR; those who want to produce cannabis should ensure they are aware of their municipality’s stance and bylaws (Spriggs, 2018; Kane, 2018). For example, Tilray Inc., one of the companies that will be a licensed producer for LBD, is growing in an industrial zone in Nanaimo (Kane, 2018). Growing outside of the ALR will mean that producers pay higher taxes.

Additional information for potential and current producers:

  • Craft Cannabis BC estimates that craft growers in BC were supplying up to 70% of Canada’s cannabis (Spriggs, 2018; Craft Cannabis Association of BC, 2018), prior to agreements being signed with large producers such as Aurora Cannabis Inc.
  • The Federal Cannabis Act does allow for licensing of micro producers, allowing for a maximum canopy of 200 square metres. (Spriggs, 2018; Craft Cannabis Association of BC, 2018)
  • A list of all 31 producers with who have entered into licensed agreements with the province to provide recreational cannabis can be found here.

Those who are interested in entering the cannabis production business in BC may want to contact associations such as the Craft Cannabis Association of BC, Cannabis Growers of Canada, or Cannabis Commerce Association of Canada.

If you would like to know more about how cannabis production works, BC cannabis producer Tantalus Labs has a made a virtual tour of their facility available here and here is a brief article about the company and their tour( Daily Hive Staff, 2018).

Are you planning to enter or already a part of this new industry? Let us know what you think of the laws and the impact they will have on your business down below, or tweet us @sba_bc. We look forward to hearing from you!

For part three on Consumers and Education, click here.

Photo credit: BC Liquor Distribution Branch. Attribution required, no derivatives permitted.

Cannabis Legalization Series

What You Should Know About Cannabis Legalization in BC (Part 1 of 3): Private Retailers

On October 17th, cannabis will become legal for sale and consumption in Canada. In BC, private and government retailers will be able to sell cannabis purchased from licensed producers in a variety of forms. This post is the first in a three-part series about cannabis legalization in BC. For part two on For-Profit Production, click here. For part three on Consumers and Education, click here.

Cannabis is a booming business in Canada already, and is projected to sell $8.6 Billion CAD will be sold to both medical and recreational users by the end of 2018, and it is expected to increase to $9.2 billion CAD by 2025 (INTERNATIONAL: Cannabis sector investment is rising, 2018), a growth of 29% per year (Sayler, 2018). While current industry profit margins are negative as companies establish themselves and the infrastructure needed for the new industry (Sayler, 2018), the biggest cannabis companies are valued at well over a billion. Those companies include Canopy Growth Corporation, Aurora Cannabis Inc., Aphria Inc., and Cronos Group Inc. (Sayler, 2018; Daily Hive Staff, 2018). The cannabis industry is going to be highly competitive, with the number of companies in the industry expected to increase at 35.4% per year for the next five years (Sayler, 2018). In BC, the Minister of Public Safety and Solicitor General of British Columbia, Mike Farnworth, estimates the cannabis industry will take 2-3 years to mature (Zussman, 2018).

This series will review some of the most important laws and projections for this industry in BC and Canada. It is important to note that regulations around the retailing and production of cannabis will vary by municipality and Indigenous Nation and that some portions of the provincial licensing rules are not yet complete.

Private Retailers:

When the newly renamed Liquor & Cannabis Regulation Branch (LCRB) begins selling cannabis from its government approved distribution point to retailers in October, there will be more that 150 strains from 31 licensed producers to choose from (Potenteau, 2018). At this point in time, one government operated store will open in Kamloops on October 17th (Zussman, 2018). Although approximately 100 private retailer applications are being processed, it is unknown whether their permits will be approved by the legalization date (Zussman, 2018; Little, 2018).

Additional rules that private retailers should be aware of include:

  • No company or individual can own more than 8 stores, with an owner being defined as someone controlling 20% of a retail operation. (Korstrom, 2018)
  • Cannabis accessories can also be sold. (Potenteau, 2018)
  • Retail stores can sell dried cannabis, cannabis oil, cannabis seeds, and cannabis accessories. (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)
  • Retailers must purchase cannabis from the Liquor Distribution Branch (LBD), but cannabis accessories can be purchased from other sources (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)
  • Private retailers are not permitted to have online sales or to sell edibles. (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)
  • Minors cannot enter retail stores. (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)

Those who currently own dispensaries must also go through the application process and will need to clear any illegal product on their shelves and restock with cannabis from the LBD (Courtenay, 2018). They should also be aware that a new enforcement branch called the Community Safety Unit will begin seizing illegal cannabis and will not need a warrant (Little, 2018). If you have further questions or want to be involved in advocating for the industry, you may be interested in contacting the Cannabis Commerce Association of Canada, which represents both producers and retailers. If you are interested in knowing more about the locations and numbers of retailers or dispensaries in your area currently, Weedmaps provides an interactive map of Canadian cannabis retailers or dispensaries, along with business reviews.

Indigenous Nation Rights:

Those who wish to open a non-medicinal cannabis store on Indigenous land must gain permission from the Indigenous Nation. The Indigenous Nation can:

  • Choose not to recommend approval of private cannabis stores.
  • Impose location restrictions.
  • Limit the hours of operation for the store.
  • Charge fees for assessing the store’s application.

(Liquor and Cannabis Regulation Branch, n.d.)

If the Nation decides to consider the application, it must gather and consider the views of area residents and provide the recommendation of approval or rejection in writing to the LCRB. A positive recommendation is required for licensing approval from the LCRB. Please see the Indigenous Nations’ Role in Licensing Non-Medical Cannabis Retail Stores pdf for more information.

These rights are nearly identical to the rights of local governments in regulating cannabis retailing and production (Liquor and Cannabis Regulation Branch, n.d.).

Are you planning to enter or already a part of this new industry? Let us know what you think of the laws and the impact they will have on your business down below, or tweet us @sba_bc. We look forward to hearing from you!

For part two on For-Profit Production, click here.

Photo credit: BC Liquor Distribution Branch. Attribution required, no derivatives permitted.

Cannabis Legalization Series

What You Should Know About Cannabis Legalization in BC (Part 1 of 3): Private Retailers

On October 17th, cannabis will become legal for sale and consumption in Canada. In BC, private and government retailers will be able to sell cannabis purchased from licensed producers in a variety of forms. This post is the first in a three-part series about cannabis legalization in BC. For part two on For-Profit Production, click here. For part three on Consumers and Education, click here.

Cannabis is a booming business in Canada already, and is projected to sell $8.6 Billion CAD will be sold to both medical and recreational users by the end of 2018, and it is expected to increase to $9.2 billion CAD by 2025 (INTERNATIONAL: Cannabis sector investment is rising, 2018), a growth of 29% per year (Sayler, 2018). While current industry profit margins are negative as companies establish themselves and the infrastructure needed for the new industry (Sayler, 2018), the biggest cannabis companies are valued at well over a billion. Those companies include Canopy Growth Corporation, Aurora Cannabis Inc., Aphria Inc., and Cronos Group Inc. (Sayler, 2018; Daily Hive Staff, 2018). The cannabis industry is going to be highly competitive, with the number of companies in the industry expected to increase at 35.4% per year for the next five years (Sayler, 2018). In BC, the Minister of Public Safety and Solicitor General of British Columbia, Mike Farnworth, estimates the cannabis industry will take 2-3 years to mature (Zussman, 2018).

This series will review some of the most important laws and projections for this industry in BC and Canada. It is important to note that regulations around the retailing and production of cannabis will vary by municipality and Indigenous Nation and that some portions of the provincial licensing rules are not yet complete.

Private Retailers:

When the newly renamed Liquor & Cannabis Regulation Branch (LCRB) begins selling cannabis from its government approved distribution point to retailers in October, there will be more that 150 strains from 31 licensed producers to choose from (Potenteau, 2018). At this point in time, one government operated store will open in Kamloops on October 17th (Zussman, 2018). Although approximately 100 private retailer applications are being processed, it is unknown whether their permits will be approved by the legalization date (Zussman, 2018; Little, 2018).

Additional rules that private retailers should be aware of include:

  • No company or individual can own more than 8 stores, with an owner being defined as someone controlling 20% of a retail operation. (Korstrom, 2018)
  • Cannabis accessories can also be sold. (Potenteau, 2018)
  • Retail stores can sell dried cannabis, cannabis oil, cannabis seeds, and cannabis accessories. (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)
  • Retailers must purchase cannabis from the Liquor Distribution Branch (LBD), but cannabis accessories can be purchased from other sources (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)
  • Private retailers are not permitted to have online sales or to sell edibles. (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)
  • Minors cannot enter retail stores. (Cannabis retail store terms and conditions: A handbook for the sale of non-medical cannabis in British Columbia, 2018)

Those who currently own dispensaries must also go through the application process and will need to clear any illegal product on their shelves and restock with cannabis from the LBD (Courtenay, 2018). They should also be aware that a new enforcement branch called the Community Safety Unit will begin seizing illegal cannabis and will not need a warrant (Little, 2018). If you have further questions or want to be involved in advocating for the industry, you may be interested in contacting the Cannabis Commerce Association of Canada, which represents both producers and retailers. If you are interested in knowing more about the locations and numbers of retailers or dispensaries in your area currently, Weedmaps provides an interactive map of Canadian cannabis retailers or dispensaries, along with business reviews.

Indigenous Nation Rights:

Those who wish to open a non-medicinal cannabis store on Indigenous land must gain permission from the Indigenous Nation. The Indigenous Nation can:

  • Choose not to recommend approval of private cannabis stores.
  • Impose location restrictions.
  • Limit the hours of operation for the store.
  • Charge fees for assessing the store’s application.

(Liquor and Cannabis Regulation Branch, n.d.)

If the Nation decides to consider the application, it must gather and consider the views of area residents and provide the recommendation of approval or rejection in writing to the LCRB. A positive recommendation is required for licensing approval from the LCRB. Please see the Indigenous Nations’ Role in Licensing Non-Medical Cannabis Retail Stores pdf for more information.

These rights are nearly identical to the rights of local governments in regulating cannabis retailing and production (Liquor and Cannabis Regulation Branch, n.d.).

Are you planning to enter or already a part of this new industry? Let us know what you think of the laws and the impact they will have on your business down below, or tweet us @sba_bc. We look forward to hearing from you!

For part two on For-Profit Production, click here.

Photo credit: BC Liquor Distribution Branch. Attribution required, no derivatives permitted.

Cannabis Legalization Series

Event planners organize, execute, and promote events like trade shows, conferences, corporate meetings, and more. Event planning is a business with a low barrier to entry, so competition within the industry is high (Couillard, 2018). Factors that have a strong impact on the success of event planning businesses are personal relationships with customers, the ability to manage costs and contracts, and whether the event planner has the ability to manage the seasonal fluctuations of the industry (Couillard, 2018). This post will give you an up-to-date look at trends, challenges, and research resources, for those interested in becoming event planners or event planners who would like to gain a competitive edge.

Canada

As of 2017, there were 1,313 businesses in Canada categorized as Convention and Trade Show Organizers, the larger umbrella term which encompasses organizers, managers, and promoters of all type of events and meetings, with the notable exceptions of wedding planning services and live events such as concerts. For more information about wedding planning, please see our industry overview here or our industry guide to wedding planning here.

Table of business sizes in Canadian provinces and territories in the event planning industry. Please click the links below if you cannot see this image.

Statistics Canada. Table 33-10-0037-01 Canadian Business Counts, with employees, December 2017.

Statistics Canada. Table 33-10-0038-01 Canadian Business Counts, without employees, December 2017.

In 2016, this industry made a total of $620.3 thousand, with 80.8% of businesses reporting a profit. There was a net profit for the industry of $109.1 thousand (Statistics Canada, 2016).

British Columbia

As is visible in the table above, British Columbia has the third highest number of event planning businesses in Canada, with a total of 180 businesses. Of those 180 businesses, 41.1% have employees.

This number has increased by 1.1% since 2016, when there were 178 businesses. In 2016, 39.9% of those businesses had employees. 51.4% of businesses with employees were considered micro businesses, with between one and four employees (Statistics Canada, 2016). 42.8% were small businesses, with between five and ninety-nine employees (Statistics Canada, 2016). The largest event planning businesses in British Columbia fell into the medium business category, with between one hundred and four hundred ninety-nine employees; these accounted for just 5.7% of event planning businesses with employees in British Columbia, or 2.2% of the total number of event planning businesses (Statistics Canada, 2016).

Cost Breakdown of Event Planning Businesses in Canada

The chart below show a breakdown of how trade show and event planning in Canada spend their revenue in comparison to other industries in their sector (Couillard, 2018). The broad sector for this industry is administrative and support services, which includes things such as office administrative services, business support services, and travel arrangement and reservation services (Statistics Canada, 2017).

Chart depicting how industry revenue is distributed between things such as wages, profits, renting utilities etc. Please see the IBIS report if you cannot see this picture

Industry Trends

This industry has low revenue volatility, despite the high competition levels (Couillard, 2018). Profit margins are expected to rise slightly in the industry over the next five years, in both Canada and the US (Couillard, 2018; Convention & Trade Show Organizers Industry (NAICS 56192), 2018).

Canadian Event Planning Industry Revenue Projection

revenue projections for Canadian event planning industry

American Event Planning Industry Revenue Projection

revenue projections for US event planning industry

There is a strong trend towards the increased use of technology in this industry, with business operators needing to learn to use and develop mobile platforms, social media, and webinars to enhance client experience (Couillard, 2018).

As globalization continues, the event planning industry in Canada will likely reap some of the benefits, as Canada has become a more appealing locale to have multinational events due to the availability of large spaces and business expansion into Canada from foreign companies (Couillard, 2018).

Notable Industry Information

  • Social media such as Facebook and LinkedIn are improving the ability of potential clients to network without ever meeting face to face, which has traditionally been a major reason to attend trade shows and conferences; those in the industry will have to ensure that their current clients continue to understand the value of face – to – face interactions (Couillard, 2018).
  • Outside factors such as per capita disposable income and corporate profit a strong drivers for this industry, so any downwards trends in those areas are likely to affect the revenue of event planning businesses (Couillard, 2018).
  • Corporate events are one of the major sectors of the event planning industry. Since corporate profit is affected by global oil and commodity prices the stability of commodity prices may pose an indirect challenge to the industry, because companies with slimmer profits are less likely to hire event planners to host and plan events (Couillard, 2018).
  • There is an increased focus on offering engaging and entertaining events, offering fun experiences for participants such as virtual reality (etouches, 2017).
  • As part of the trend towards trying to increase participant engagement, events will likely become smaller and more intimate (etouches, 2017).
  • There is also a rise in niche industry events, which is leading to smaller events such as pop-ups (etouches, 2017).

The most important success factors for those in the event planning industry are identified by Couillard’s IBISWorld Industry Report (2018) as:

  • Maintenance of excellent customer relations
  • Management of seasonal production
  • Effective cost controls
  • Ability to manage external (outsourcing) contracts

Additional Resources

Below are some resources to help you get started on your business research.

Associations

Magazines and Trade Journals

Directories

If you would like to access more resources, the Event Planning Guide is designed to help prospective and existing event planning business owners gather information for their secondary market research. The guide is broken down into four main sections that cover how to start your research, industry information, competitive information and customer information. Depending on your needs you can spend as much or as little time as necessary in each section.

If you find that you need more guidance before starting your secondary research, check out The Beginner's Guide to Business Research; it will help you focus on what types of information you will need to gather and why they are important.

References

Convention & Trade Show Organizers Industry (NAICS 56192). (2018). United States Convention & Trade Show Organizers Industry Report, 1-196.

Couillard, L. (2018). Trade show & event planning in Canada (IBISWorld Industry Report 56192CA). IBISWorld Inc. Retrieved from http://clients1.ibisworld.com/reports/ca/industry/default.aspx?entid=1502

etouches. (2017). The best 2017 event trends you need to know. Canadian Special Events Magazine. Retrieved from http://canadianspecialevents.com/17192/the-best-2017-event-trends-you-need-to-know/

Statistics Canada. (2017). Table 33-10-0037-01 Canadian Business Counts, with employees. Retrieved from https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3310003701

Statistics Canada. (2017. Table 33-10-0038-01 Canadian Business Counts, without employees. Retrieved from https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3310003801

Statistics Canada. (2017). North American Industry Classification System (NAICS) Canada 2017 Version 2.0. Retrieved from http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372&CVD=380374&CPV=561&CST=01012017&CLV=2&MLV=5

Statistics Canada. (2016). Financial performance – Canadian industry statistics. Convention and Trade Show Organizers – 56192. Retrieved from https://www.ic.gc.ca/app/scr/app/cis/performance/rev/56192

Statistics Canada. (2016). Businesses – Canadian industry statistics. Convention and Trade Show Organizers – 56192. Retrieved from https://www.ic.gc.ca/app/scr/app/cis/businesses-entreprises/56192

Industry Trends

Event planners organize, execute, and promote events like trade shows, conferences, corporate meetings, and more. Event planning is a business with a low barrier to entry, so competition within the industry is high (Couillard, 2018). Factors that have a strong impact on the success of event planning businesses are personal relationships with customers, the ability to manage costs and contracts, and whether the event planner has the ability to manage the seasonal fluctuations of the industry (Couillard, 2018). This post will give you an up-to-date look at trends, challenges, and research resources, for those interested in becoming event planners or event planners who would like to gain a competitive edge.

Canada

As of 2017, there were 1,313 businesses in Canada categorized as Convention and Trade Show Organizers, the larger umbrella term which encompasses organizers, managers, and promoters of all type of events and meetings, with the notable exceptions of wedding planning services and live events such as concerts. For more information about wedding planning, please see our industry overview here or our industry guide to wedding planning here.

Table of business sizes in Canadian provinces and territories in the event planning industry. Please click the links below if you cannot see this image.

Statistics Canada. Table 33-10-0037-01 Canadian Business Counts, with employees, December 2017.

Statistics Canada. Table 33-10-0038-01 Canadian Business Counts, without employees, December 2017.

In 2016, this industry made a total of $620.3 thousand, with 80.8% of businesses reporting a profit. There was a net profit for the industry of $109.1 thousand (Statistics Canada, 2016).

British Columbia

As is visible in the table above, British Columbia has the third highest number of event planning businesses in Canada, with a total of 180 businesses. Of those 180 businesses, 41.1% have employees.

This number has increased by 1.1% since 2016, when there were 178 businesses. In 2016, 39.9% of those businesses had employees. 51.4% of businesses with employees were considered micro businesses, with between one and four employees (Statistics Canada, 2016). 42.8% were small businesses, with between five and ninety-nine employees (Statistics Canada, 2016). The largest event planning businesses in British Columbia fell into the medium business category, with between one hundred and four hundred ninety-nine employees; these accounted for just 5.7% of event planning businesses with employees in British Columbia, or 2.2% of the total number of event planning businesses (Statistics Canada, 2016).

Cost Breakdown of Event Planning Businesses in Canada

The chart below show a breakdown of how trade show and event planning in Canada spend their revenue in comparison to other industries in their sector (Couillard, 2018). The broad sector for this industry is administrative and support services, which includes things such as office administrative services, business support services, and travel arrangement and reservation services (Statistics Canada, 2017).

Chart depicting how industry revenue is distributed between things such as wages, profits, renting utilities etc. Please see the IBIS report if you cannot see this picture

Industry Trends

This industry has low revenue volatility, despite the high competition levels (Couillard, 2018). Profit margins are expected to rise slightly in the industry over the next five years, in both Canada and the US (Couillard, 2018; Convention & Trade Show Organizers Industry (NAICS 56192), 2018).

Canadian Event Planning Industry Revenue Projection

revenue projections for Canadian event planning industry

American Event Planning Industry Revenue Projection

revenue projections for US event planning industry

There is a strong trend towards the increased use of technology in this industry, with business operators needing to learn to use and develop mobile platforms, social media, and webinars to enhance client experience (Couillard, 2018).

As globalization continues, the event planning industry in Canada will likely reap some of the benefits, as Canada has become a more appealing locale to have multinational events due to the availability of large spaces and business expansion into Canada from foreign companies (Couillard, 2018).

Notable Industry Information

  • Social media such as Facebook and LinkedIn are improving the ability of potential clients to network without ever meeting face to face, which has traditionally been a major reason to attend trade shows and conferences; those in the industry will have to ensure that their current clients continue to understand the value of face – to – face interactions (Couillard, 2018).
  • Outside factors such as per capita disposable income and corporate profit a strong drivers for this industry, so any downwards trends in those areas are likely to affect the revenue of event planning businesses (Couillard, 2018).
  • Corporate events are one of the major sectors of the event planning industry. Since corporate profit is affected by global oil and commodity prices the stability of commodity prices may pose an indirect challenge to the industry, because companies with slimmer profits are less likely to hire event planners to host and plan events (Couillard, 2018).
  • There is an increased focus on offering engaging and entertaining events, offering fun experiences for participants such as virtual reality (etouches, 2017).
  • As part of the trend towards trying to increase participant engagement, events will likely become smaller and more intimate (etouches, 2017).
  • There is also a rise in niche industry events, which is leading to smaller events such as pop-ups (etouches, 2017).

The most important success factors for those in the event planning industry are identified by Couillard’s IBISWorld Industry Report (2018) as:

  • Maintenance of excellent customer relations
  • Management of seasonal production
  • Effective cost controls
  • Ability to manage external (outsourcing) contracts

Additional Resources

Below are some resources to help you get started on your business research.

Associations

Magazines and Trade Journals

Directories

If you would like to access more resources, the Event Planning Guide is designed to help prospective and existing event planning business owners gather information for their secondary market research. The guide is broken down into four main sections that cover how to start your research, industry information, competitive information and customer information. Depending on your needs you can spend as much or as little time as necessary in each section.

If you find that you need more guidance before starting your secondary research, check out The Beginner's Guide to Business Research; it will help you focus on what types of information you will need to gather and why they are important.

References

Convention & Trade Show Organizers Industry (NAICS 56192). (2018). United States Convention & Trade Show Organizers Industry Report, 1-196.

Couillard, L. (2018). Trade show & event planning in Canada (IBISWorld Industry Report 56192CA). IBISWorld Inc. Retrieved from http://clients1.ibisworld.com/reports/ca/industry/default.aspx?entid=1502

etouches. (2017). The best 2017 event trends you need to know. Canadian Special Events Magazine. Retrieved from http://canadianspecialevents.com/17192/the-best-2017-event-trends-you-need-to-know/

Statistics Canada. (2017). Table 33-10-0037-01 Canadian Business Counts, with employees. Retrieved from https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3310003701

Statistics Canada. (2017. Table 33-10-0038-01 Canadian Business Counts, without employees. Retrieved from https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3310003801

Statistics Canada. (2017). North American Industry Classification System (NAICS) Canada 2017 Version 2.0. Retrieved from http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372&CVD=380374&CPV=561&CST=01012017&CLV=2&MLV=5

Statistics Canada. (2016). Financial performance – Canadian industry statistics. Convention and Trade Show Organizers – 56192. Retrieved from https://www.ic.gc.ca/app/scr/app/cis/performance/rev/56192

Statistics Canada. (2016). Businesses – Canadian industry statistics. Convention and Trade Show Organizers – 56192. Retrieved from https://www.ic.gc.ca/app/scr/app/cis/businesses-entreprises/56192

Industry Trends

Podcasts are great to listen to whether you’re commuting to work, making dinner, or want to learn something new. These business-focused podcasts will offer you insight and ideas about entrepreneurship and current business trends and issues. This collection of podcasts are freely available online. Read on to find a new listen!

A note for Firefox and Internet Explorer users: Podcasts that are hosted on Soundcloud may not run properly on your browser. Chrome is a reliable alternative.

Looking to Learn about BC and Vancouver Current Business Events?

BIV Today

BIV Today is produced and aired by the Business in Vancouver newspaper. The 30-minute show is aired Monday to Friday every week and is typically broken into two topics. The show focuses on topics that will affect Canadian businesses, with a special interest in topics that affect Vancouver and British Columbia. This podcast focuses on current business trends and news.

Looking to Learn from Successful Business Owners through In-Depth Interviews?

Venturing Out

CBC aired Venturing Out in 2017. There are 7 episodes, approximately 30 minutes in length, hosted by Arlene Dickinson. Arlene Dickinson has been a frequent figure on CBC’s reality show, Dragon’s Den. Over the course of these episodes, she conducts interviews with different Canadian business leaders to talk about their journey and tease out lessons for the listener.

Startup Canada Podcast

Startup Canada is a network of entrepreneurs with the goal of promoting entrepreneurship throughout Canada. They are partnered with several major companies such as the Business Development Bank of Canada, Microsoft, and the Financial Post.

Startup Canada Podcast is geared towards all entrepreneurs, covering a variety of topics, talking with entrepreneurs and investors about their current projects and plans. The host, Rivers Corbett, also pulls out information about current trends and innovation from his guests. Episodes range between 30 and 50 minutes and are aired every Tuesday. There are 149 episodes currently available for listeners to explore.

HBR Ideacast

Harvard Business Review is a magazine and website owned by Harvard University. HBR Ideacast is their podcast. It is aired on a weekly basis and comes out on either Tuesdays or Wednesdays. The episodes range between 20 and 30 minutes long, and there are over 600 to choose from. Ideacast creates in-depth interviews with industry experts to look at subjects such as leadership and how technology is affecting the workplace; there is often a focus on larger corporations, but many of the lessons can also be applied to smaller companies.

The Innovators Radio Show & Podcast

Tom Dioro is the founder of Accurate. He also produces The Innovators Radio Show & Podcast. This podcast features in-depth one on one interviews with leaders in the entrepreneurial world. The podcast is aired sporadically, and there are currently 13 episodes to choose from; each episode is an hour long.

StartUp

Gimlet Media is an award-winning podcast company based in New York. A large team of journalists and producers create several different shows but the one you’ll be interested in is StartUp. The team uses a combination of interviews and storytelling to create engaging stories about start-up successes, challenges, and innovative ideas. The episodes are approximately 30 minutes long and it is aired on a weekly basis.

Looking for Relevant Discussions for Women Entrepreneurs in Canada?

Thrive

Startup Canada is a network of entrepreneurs with the goal of promoting entrepreneurship throughout Canada. They are partnered with several major companies such as the Business Development Bank of Canada, Microsoft, and the Financial Post.

Thrive is specifically geared towards women entrepreneurs. Thrive started in March 2018 and is aired every two weeks. Janice McDonald discusses with her guests how women entrepreneurs can seek financing, support for their businesses, and encourage entrepreneurship among women.

Interested in Learning About a Variety of Different Business Topics?

The Bottom Line

The BBC, beyond news of all kinds, also provides a business-focused podcast call The Bottom Line. Given the geographical location, there is a British focus at times, but many of the episodes cover topics that are applicable to everyone who runs a business. The podcast features roundtable discussions between various experts, hosted by the BBC’s Evan Davis. Show topics range from franchising to co-working spaces and beyond. The 30 minute episodes come out twice weekly, on Thursdays and Saturdays, and with over 200 episodes already available, you’re sure to find something you’re interested in.

Quit

5by5 is a collective of podcast shows produced out of Austin. They produce podcasts covering a variety of topics; you’ll be interested in Quit.

Quit is a conversational podcast where the hosts, Dan Benjamin and Haddie Cooke, discuss a variety of start-up stories, news, and ideas. They also offer their thoughts about what small business owners should consider as they create their businesses. Dan Benjamin is the owner and creator of 5by5 and this has given him good insight into the challenges of entrepreneurship. Aired on a sporadic basis throughout the year, this podcast has over 100 episodes that are about an hour long each, so there’s plenty to listen to.

This is Your Life

Michael Hyatt & Company provides coaching and courses for busy people looking to create balance in their life while still achieving success. In addition to running his company, Michael Hyatt produced the This is You Life podcast. It consists of 150 episodes, approximately 30 to 60 minutes long, providing information and suggestions on how to lead your business and your life.

Lead to Win

Michael Hyatt & Company provides coaching and courses for busy people looking to create balance in their life while still achieving success. Michael Hyatt is currently producing the podcast Lead to Win, which is a re-imagining of This is Your Life. This podcast provides weekly leadership lessons for listeners. It released every Tuesday and there are 39 episodes available so far.

We hope you enjoy these podcasts! What are your favourite business podcasts?  Comment below or tweet us at @sba_bc.

Work-Life Balance

Podcasts are great to listen to whether you’re commuting to work, making dinner, or want to learn something new. These business-focused podcasts will offer you insight and ideas about entrepreneurship and current business trends and issues. This collection of podcasts are freely available online. Read on to find a new listen!

A note for Firefox and Internet Explorer users: Podcasts that are hosted on Soundcloud may not run properly on your browser. Chrome is a reliable alternative.

Looking to Learn about BC and Vancouver Current Business Events?

BIV Today

BIV Today is produced and aired by the Business in Vancouver newspaper. The 30-minute show is aired Monday to Friday every week and is typically broken into two topics. The show focuses on topics that will affect Canadian businesses, with a special interest in topics that affect Vancouver and British Columbia. This podcast focuses on current business trends and news.

Looking to Learn from Successful Business Owners through In-Depth Interviews?

Venturing Out

CBC aired Venturing Out in 2017. There are 7 episodes, approximately 30 minutes in length, hosted by Arlene Dickinson. Arlene Dickinson has been a frequent figure on CBC’s reality show, Dragon’s Den. Over the course of these episodes, she conducts interviews with different Canadian business leaders to talk about their journey and tease out lessons for the listener.

Startup Canada Podcast

Startup Canada is a network of entrepreneurs with the goal of promoting entrepreneurship throughout Canada. They are partnered with several major companies such as the Business Development Bank of Canada, Microsoft, and the Financial Post.

Startup Canada Podcast is geared towards all entrepreneurs, covering a variety of topics, talking with entrepreneurs and investors about their current projects and plans. The host, Rivers Corbett, also pulls out information about current trends and innovation from his guests. Episodes range between 30 and 50 minutes and are aired every Tuesday. There are 149 episodes currently available for listeners to explore.

HBR Ideacast

Harvard Business Review is a magazine and website owned by Harvard University. HBR Ideacast is their podcast. It is aired on a weekly basis and comes out on either Tuesdays or Wednesdays. The episodes range between 20 and 30 minutes long, and there are over 600 to choose from. Ideacast creates in-depth interviews with industry experts to look at subjects such as leadership and how technology is affecting the workplace; there is often a focus on larger corporations, but many of the lessons can also be applied to smaller companies.

The Innovators Radio Show & Podcast

Tom Dioro is the founder of Accurate. He also produces The Innovators Radio Show & Podcast. This podcast features in-depth one on one interviews with leaders in the entrepreneurial world. The podcast is aired sporadically, and there are currently 13 episodes to choose from; each episode is an hour long.

StartUp

Gimlet Media is an award-winning podcast company based in New York. A large team of journalists and producers create several different shows but the one you’ll be interested in is StartUp. The team uses a combination of interviews and storytelling to create engaging stories about start-up successes, challenges, and innovative ideas. The episodes are approximately 30 minutes long and it is aired on a weekly basis.

Looking for Relevant Discussions for Women Entrepreneurs in Canada?

Thrive

Startup Canada is a network of entrepreneurs with the goal of promoting entrepreneurship throughout Canada. They are partnered with several major companies such as the Business Development Bank of Canada, Microsoft, and the Financial Post.

Thrive is specifically geared towards women entrepreneurs. Thrive started in March 2018 and is aired every two weeks. Janice McDonald discusses with her guests how women entrepreneurs can seek financing, support for their businesses, and encourage entrepreneurship among women.

Interested in Learning About a Variety of Different Business Topics?

The Bottom Line

The BBC, beyond news of all kinds, also provides a business-focused podcast call The Bottom Line. Given the geographical location, there is a British focus at times, but many of the episodes cover topics that are applicable to everyone who runs a business. The podcast features roundtable discussions between various experts, hosted by the BBC’s Evan Davis. Show topics range from franchising to co-working spaces and beyond. The 30 minute episodes come out twice weekly, on Thursdays and Saturdays, and with over 200 episodes already available, you’re sure to find something you’re interested in.

Quit

5by5 is a collective of podcast shows produced out of Austin. They produce podcasts covering a variety of topics; you’ll be interested in Quit.

Quit is a conversational podcast where the hosts, Dan Benjamin and Haddie Cooke, discuss a variety of start-up stories, news, and ideas. They also offer their thoughts about what small business owners should consider as they create their businesses. Dan Benjamin is the owner and creator of 5by5 and this has given him good insight into the challenges of entrepreneurship. Aired on a sporadic basis throughout the year, this podcast has over 100 episodes that are about an hour long each, so there’s plenty to listen to.

This is Your Life

Michael Hyatt & Company provides coaching and courses for busy people looking to create balance in their life while still achieving success. In addition to running his company, Michael Hyatt produced the This is You Life podcast. It consists of 150 episodes, approximately 30 to 60 minutes long, providing information and suggestions on how to lead your business and your life.

Lead to Win

Michael Hyatt & Company provides coaching and courses for busy people looking to create balance in their life while still achieving success. Michael Hyatt is currently producing the podcast Lead to Win, which is a re-imagining of This is Your Life. This podcast provides weekly leadership lessons for listeners. It released every Tuesday and there are 39 episodes available so far.

We hope you enjoy these podcasts! What are your favourite business podcasts?  Comment below or tweet us at @sba_bc.

Work-Life Balance

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