Ontario

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Tue
22
Dec

What does $4.8B merger of marijuana firms mean for local workers?

The merger of two of Canada’s largest cannabis companies could bring mixed news for workers at the firms’ Southwestern Ontario operations, says a leading industry analyst.

Leamington-based Aphria and Nanaimo, B.C.-based Tilray announced this week they’re merging to create a $4.8-billion company in the new year.

Mon
21
Dec

Legal pot gains market share in Ontario, but progress will slip next quarter: OCS

Ontario's legal cannabis industry is gaining ground in its fight against the illicit market, but the progress likely won't last long because of COVID-19 lockdowns.

The Ontario Cannabis Store said Thursday that between the start of July and end of September the legal industry controlled slightly more than 36 per cent of the recreational market, up from about 25 per cent the quarter before.

However, the OCS warned the gains may soon dissipate. The pot distributor said the legal industry's market share will decline in the next quarter because of COVID-19 lockdowns that forced pot retailers in Toronto and Peel to operate solely through pickup and delivery.

Fri
18
Dec

Two arrested in Midland marijuana grow-op investigation

police car blocking entry into building

10,000 cannabis plants seized during September search warrant.

An OPP cruiser is seen outside a vacant Midland factory that was home to a major grow-op in September. Andrew Philips/MidlandToday

NEWS RELEASE
ONTARIO PROVINCIAL POLICE

On Sept. 27, 2020, members of the Southern Georgian Bay Detachment of the Ontario Provincial Police (OPP) responded to an industrial building located at 16567 Highway 12 in the Town of Midland after receiving a call from a concerned citizen who observed suspicious activity with the belief that the complex was abandoned. Upon arriving, officers noticed signs of a significant cannabis grow operation and secured the premises.

Fri
18
Dec

Hawkesbury OPP seize drugs in McGill Street traffic stop

Ontario Provincial Police logo

On Friday December 11, 2020 at approximately 9:20 p.m., two Hawkesbury OPP Constables were on patrol in the Town of Hawkesbury when they intercepted a black 2007 Mazda 3 on McGill Street.

Investigation revealed that the driver was in violation of his court conditions. The driver was arrested and a further search of the vehicle led to the discovery of a large quantity of suspected methamphetamine.

Officers seized more than 5,290 methamphetamine (speed) tablets.

The driver, a 25 year-old man from Victoriaville Québec, was arrested and charged under the Controlled Drugs and Substances Act with “Possession of a Schedule I substance for the purpose of Trafficking – Methamphetamine”.

Mon
14
Dec

COVID-19 restrictions are causing a surge in cannabis sales and changing consumer habits in Ottawa

COVID-19 restrictions have caused surges in cannabis sales and changed consumer habits across Ontario, including in Ottawa, Statistics Canada says and at least one health expert is advising people to be mindful of increasing their use of pot. 

Data from Statistics Canada show that retailers in Ontario sold the most cannabis of any province in the first year following legalization on Oct. 17, 2018. That amounted to $217 million in sales.

Thu
10
Dec

Ontario to double the pace of cannabis store authorizations, again

The Alcohol and Gaming Commission of Ontario (AGCO) has announced it will once again be doubling the pace of its cannabis Retail Store Authorizations (RSAs).

In September, the agency vowed to double its approval pace and authorize 40 stores a month. Citing direction from the government, the AGCO now reports it will be issuing 80 RSAs per month.

Wed
09
Dec

Two Canadians arrested as police seize $600,000 in cannabis products believed to be destined for the U.S.

confiscated cannabis products

Investigators “located a truck filled with garbage bags containing smaller individual packaging of cannabis bud.”

Two men face drug-related charges after members of the Akwesasne Mohawk Police Service stopped their vehicle late on Dec. 3 and a subsequent search revealed 96 kilograms of cannabis products estimated to be worth $600,000.

The unidentified men, both Ontario residents, have been charged with possession for the purpose of transporting cannabis with the purpose of sale, and possession of currency obtained by crime, notes a police Facebook statement posted Tuesday. The men, who will appear in Cornwall Provincial Court at a later date, were subsequently released.

Wed
09
Dec

HEXO Sees Early Benefits From Recent Cannabis Stocks’ Price Surge

marijuana plant

The recent surge in marijuana stock prices has brought a major relief to cannabis investors. Industry stocks had suffered a severe beating since signs of oversupply emerged in 2019 and companies went on painful restructuring exercises. The relief hasn’t been confined to the investor community alone. Even some management teams at badly hit cannabis companies have taken a welcome and refreshing breather too.

Tue
08
Dec

Cannabis customers have been complaining Ontario's pot is 'too dry'

More than two years after the legalization of cannabis in Canada, the majority of Ontarians consuming pot still buy it from the illegal market because they find it offers better quality, according to Ontario's auditor general.

Bonnie Lysyk's annual report found that the underground market represent about 80 per cent of cannabis sales in Ontario during 2019 and 2020. 

Investigators for the auditor discovered that quality, not price, was the primary reason why cannabis consumers chose the illegal market over the Ontario Cannabis Store (OCS), or private pot shops operating with a provincial license. 

Tue
08
Dec

Auditor General: Ontario not properly monitoring movement of recreational cannabis in retail stores

Ontario’s Auditor General Bonnie Lysyk says there is a lack of transparency and oversight with the operations of the Alcohol and Gaming Commission of Ontario (AGCO), the agency responsible for regulating the alcohol, gaming, horse-racing and private cannabis retail sectors throughout the province.

With nearly 80,000 licensees across four industries in its purview, Lysyk’s report states that “the AGCO does not have strong processes and systems in place to effectively carry out its regulated activities.”

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