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Wed
11
Mar

UN Delays Cannabis Scheduling Vote

The United Nations’ Commission on Narcotic Drugs last week decided to put off an important vote on scheduling recommendations related to cannabis.

Tue
10
Mar

Police stop a whopping 3.15 kg of ketamine and 1,100 pounds of pot from hitting Toronto streets

A massive amount of ketamine and cannabis won’t be making it to the streets thanks to a joint operation by U.S. Homeland Security and Canada’s RCMP.

The trans-Atlantic, border-crossing drugs have been stopped in its tracks. The 3.15 kg haul of ketamine originated in Paris in early February, but was intercepted by Homeland Security Investigations (HSI) in Memphis en route to the Greater Toronto Area. The illicit cargo was transferred by HSI to the RCMP to continue the investigation, police noted in a release.

Fri
06
Mar

Cannabis-infused beverages finally arrive in Canada

More than two months after cannabis-infused beverages became legal for sale in Canada, consumers in Ontario will finally be able to see what all the fuss is about.

Valens GroWorks Corp., a producer of cannabis extracts, noted the white label products it has produced in collaboration with A1 Cannabis Company, a subsidiary of Iconic Brewing, will be the first to market in the province in the coming days. Additional Canadian markets are expected to follow.

BASECAMP, what the company calls “a CBD-forward iced tea,” will be available first in select stores, with SUMMIT, “a THC-forward citrus water,” expected to follow over the next few weeks.

Fri
06
Mar

What a success! Ontario received 450 pot shop applications on first day

Retailers are wasting no time in trying to get a piece of Ontario’s pot pie.

The province received a whopping estimated 450 Retail Store Authorization (RSA) submissions on March 2, the first day Ontario began accepting the applications, Marijuana Business Daily reports.

After two highly-contested and much-criticized lotteries, Ontario is embracing an open-market system of store allocation.

Fri
06
Mar

Why Alberta continues to lose money on legal cannabis

Albertans are among the biggest consumers of legal cannabis in Canada but it may still be several years before the provincial government turns a profit in the industry. 

The Alberta government is expecting to lose around $26 million in the 2019-20 fiscal year and will continue to be in the red the next three years, due to setup, administration and inventory costs. The 2020-21 fiscal year is expected to be even more in the red, with a net loss of $36 million. 

The province wasn't expecting to make money in the first two years; even the previous NDP government had projected to lose about $90 million until 2020-21 when the province expected a net income of $37 million.

Wed
04
Mar

Canadian Cannabis Retailers Share Challenges Faced Since Opening

Lisa Bigioni was awoken last September in the middle of the night by a call from an alarm company that’s been seared in her memory ever since.

The 1:30 a.m. alert was linked to her Niagara Falls, Ont. cannabis store, where two men had been caught on camera getting out of their car, smashing the shop window and then driving away. It was enough to send Bigioni, who had been fast asleep, scrambling to meet police at the store.

Luckily, no staff had been on site, but it was “terrifying” for Bigioni, who started wondering if this would become a routine part of the business.

“It was like uh-oh, is this what is going to happen now?” she recalled. “Is this what this kind of store brings?”

Tue
03
Mar

UK increases access to cannabis-based medicines as import restrictions are changed

Import restrictions have been changed to help ensure people with prescriptions for cannabis-based products for medicinal use do not have their treatment delayed or interrupted.

The changes will help patients with conditions such as rare, serious forms of epilepsy or multiple sclerosis.

Most cannabis-based medicines are imported from foreign countries. Export restrictions mean it can take weeks or months for the drugs to reach the patients in the UK. For example, in Canada, an export certificate can take 4 to 8 weeks.

Mon
02
Mar

Life after the lottery: Cannabis retailers share challenges faced since opening

Lisa Bigioni was awoken last September in the middle of the night by a call from an alarm company that's been seared in her memory ever since.

The 1:30 a.m. alert was linked to her Niagara Falls, Ont. cannabis store, where two men had been caught on camera getting out of their car, smashing the shop window and then driving away. It was enough to send Bigioni, who had been fast asleep, scrambling to meet police at the store.

Luckily, no staff had been on site, but it was "terrifying" for Bigioni, who started wondering if this would become a routine part of the business.

"It was like uh-oh, is this what is going to happen now?" she recalled. "Is this what this kind of store brings?"

Mon
02
Mar

Alberta was the shining green light for weed sales, yet legalization was a financial bust

Alberta has been celebrated as the country’s fastest-growing cannabis market as the nascent industry continues to climb out of the shadows and into the mainstream.

The Sunshine Province led the nation in sales in the first year of legalization and it continues to outpace every province in retail operations. Currently, there are more than 400 cannabis retail stores in Alberta, compared to less than 40 in Ontario.

Alberta has also attracted significant investment from some of the country’s largest licensed producers, including Aurora, which moved to Medicine Hat in 2018 with plans to build the world’s largest cannabis greenhouse.

Mon
02
Mar

Weed may be contributing to spike in pedestrian fatalities

Pedestrian fatalities have reached a 30-year high in the U.S. and smartphones, SUVs and marijuana may be to blame.

A new study has found that 6,590 pedestrians were killed in car crashes in 2019, an increase of five per cent from the previous year and up 60 per cent from 2009. That also happened to be the year the first smartphones starting appearing, New York Post reports.

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