Marijuana Business News

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Mon
23
Mar

North Bay's first licensed cannabis retailer is open to the public

As retail stores around Northern Ontario close down temporarily due to the COVID-19 pandemic, a local pot shop is celebrating its "soft" opening Friday.

Tokyo Smoke North Bay on Lakeshore Drive is open to the public selling recreational cannabis products including regulated and tested flowers, edibles, oils, and other cannabis related products.

The cannabis retail store lottery draw was held back in august.

Owner Lorne Fine says the purpose of these stores is to keep providing pot to the public from officially licensed stores.

"As we all know cannabis has been legalized," said Fine.

Mon
23
Mar

Cannabis stores warn of delivery delays, no same-day shipping and store closure

Canadian cannabis shoppers will have to get used to a patchwork of closed stores and delivery disruptions as pot distributors across the country implement changes.

The moves have been sparked by an outbreak of the novel coronavirus known as COVID-19, which has pushed increasing numbers of Canadians to self-isolate and caused surges in demand for cannabis

Cannabis retailers in several provinces have advised customers that Canada Post will no longer be delivering parcels that require a signature or proof-of-age to customer doors because of disruptions to air travel and operations at their local facilities.

Shoppers must now look for a notice card notifying them of a nearby post office where they can show identification at and collect their orders.

Mon
23
Mar

Canadian Retail Cannabis Sales Grow by Over 4% in January

Despite the cannabis industry's struggles, sales in its most important fully legalized market continue to grow. On Friday, Statistics Canada released its latest set of economic data, revealing that sales of licensed cannabis increased by 4.3% in January on a month-over-month basis.

That growth was in contrast to the broader Canadian retail economy, which rose only marginally over that stretch of time.

Mon
23
Mar

Covid concerns temporarily close 'One Plant' cannabis store

Cannabis users looking to get marijuana at Barrie's only legal dispensary will have to wait a bit longer.

After days of long lines, people flocking to 'One Plant' showed up today to a closed sign on the door.

It read: "We have temporarily shut down due to current circumstances regarding Covid-19. Thank you for your understanding."

Early Friday evening, management at One Plant told CTV News the store was temporarily closed in an abundance of caution after a staff member told them that they had been in close contact with someone who tested positive for COVID-19.

"This decision was taken by One Plant leadership as a precautionary measure due to the rapidly evolving novel Coronavirus (Covid-19)," wrote Manager Ryan Grenville.

Mon
23
Mar

B.C. cannabis retailers can now take reservations online

A new policy directive from the Liquor and Cannabis Regulation Branch will be welcome news for anyone who doesn’t want to linger inside a store waiting for their purchases.

Under the revised policy released Friday, the LCRB has clarified that retailers can now take online or phone reservations for non-medical cannabis products from customers; previously the regulator had only stipulated that online sales were banned.

Retailers still can’t sell their products online, but under the revised policy they can allow customers to reserve products online.

Customers must still go to the retail location to purchase and pick up their products.

Fri
20
Mar

Research Suggests CBD is More Than a Fad

A new analysis from Babylon Health shows cannabidiol (CBD) has a high ratio of Instagram posts to academic research articles, suggesting the compound may be more than just a fad.

The London-based remote healthcare provider analyzed the disparity between the number of Instagram posts tagged with its hashtag—for example, #CleanBeauty—to the number of Google Scholar articles about the subject.

Out of ten hashtags analyzed under the “Wellness” category, #CBD was the third-most tagged on Instagram with more than 8 million posts, following behind #Mindfulness with 15.7 million posts and #Meditation with 27.6 million posts.

Fri
20
Mar

Cannabis business leaders to hold virtual town hall over COVID-19 impact

New Frontier Data, the leading data provider in the cannabis industry, is hosting its first ever virtual cannabis town hall this April to discuss the impact of the coronavirus pandemic on the marijuana business. 

The Global Cannabis Town Hall: New Economic Realities will be held virtually on April 2, 2020. Representing different parts of the world, partners of the upcoming town hall will be ExpoCannaBiz (Latin America), CannaTech (Middle East and Asia Pacific), New West Summit (North America), RASB Media (Europe) and CannabisBPO.

Fri
20
Mar

P.E.I. looks for backup plan to provide weed and alcohol after crowds swarm closing stores

Islanders don’t appear ready to put any distance between them and their supply of pot and booze.

The provincial government is exploring ways to turn the taps back on after announcing it was “disappointed in Islanders’ response,” to the decision to close all liquor and cannabis stores as of 2 p.m. local time on Thursday. Long lines soon formed at stores around the province on word the time to stock up was nearing an end.

Fri
20
Mar

More Nunavut businesses can now apply to sell cannabis

Business owners in Nunavut can now apply to open kiosks to sell cannabis from their stores — even when minors are in the building. 

To make cannabis retailing more accessible to Nunavut's business community, amendments to the territory's Cannabis Act are allowing businesses, like grocery stores and hotels, to sell cannabis products in places where minors also shop.  

Bills for those changes passed in the Legislative Assembly during the recent winter sitting. 

"The federal regulations are really strict around minors and we support that, but we wanted to give an opportunity for cannabis business to be successful in a small community," said Jo-Anne Falkiner, director of corporate finance with the territory's Department of Finance. 

Fri
20
Mar

Cannabis sales soar as Canadians hunker down to stop coronavirus

To manage stress in the face of the coronavirus pandemic or just to pass the time under quarantine, Canadians and tourists have been lining up for several days at pot shops and flooding online cannabis retailers' sites to stock up on the mood-altering drug.

In front of the Societe Quebecoise du Cannabis (SQDC) boutique on Sainte-Catherine Street, Montreal's main commercial drive, a long line has formed before it even opens.

"We decided to quarantine, we're just going to look for weed for the 15 days," says Maureen Duflot, 28. She arrived in Montreal Tuesday evening with her partner on the last flight from Paris before Canada closed its borders to foreigners.

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