Marijuana Politics

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Thu
14
May

Trial And Error: Cannabis And The Big Four Sports Leagues

It seems likely that cannabis will end up like alcohol, only monitored for actual abuse with corresponding treatment options and monetary fines depending on number of offenses.

Anyone who knows me knows that I really enjoy sports of all kinds. I was a college soccer player and played competitive club soccer in Florida before that from the age of 7 onward (and I now play in an adult co-ed league in Los Angeles). Unfortunately, COVID-19 has put the damper on watching live professional sports on TV, and clearly no one can attend any sporting events right now or likely anytime soon. Pro athletes have time on their hands now to train and/or rest up accordingly, which got me to thinking about our pro leagues’ treatment of cannabis and how it has evolved over recent years.

Wed
13
May

How The Cannabis Industry Pivots, Shows Resilience In The Face Of Uncertainty

The cannabis industry is a dynamic industry that is used to operating in times of uncertainty. Over the past decade, a widespread stigma around cannabis and regulatory limitations have slowly eased to produce a growing industry that is expected to hit nearly $74 billion by 2027. Despite what appeared to be an unstoppable run in recent months, the cannabis industry has not been immune from the economic impacts of the COVID19 crisis. 

Tue
12
May

The illicit market has a competitive advantage over Ontario retail stores. And numbers reflect this once again

The snail-like pace of cannabis retail rollout in Canada’s largest province is just one reason the country as a whole has been unable to stub out the fiery illicit market and realize higher sales.

Retail stores accounted for about $200 million of Ontario Cannabis Store (OCS) total recreational sales, which amounted to just shy of $300 million in 2019, chief commercial officer Cheri Mara told the Toronto Star. “I wouldn’t be honest with you if I said we were happy with that number… when our mandate is to eradicate the illicit market,” Mara said, noting the estimated Ontario market is $2.9 billion.

Mon
11
May

Allowing cannabis delivery is a good start. But too much weed is still being sold on the illicit market

One of the biggest criticisms of Canada’s legalization of cannabis is that its cumbersome rules and limited retail options can’t compete with the black market. What would help? Allowing cannabis home deliveries from retailers to continue after the pandemic.

Fri
08
May

Ontario’s legal pot stores celebrate one year in business — but most cannabis users are still buying illegally

Canada’s black market of pot is still riding rampant over licensed retailers, a year into what many say continues to be a slow rollout of brick-and-mortar stores in Ontario and regulatory challenges.

Retail stores in Ontario sold approximately $200 million in recreational pot last year, accounting for the lion’s share of just under $300 million in estimated Ontario Cannabis Store recreational sales, said Cheri Mara, chief commercial officer for the OCS. That’s far below the estimated $2.9-billion provincial market value.

“I wouldn’t be honest with you if I said we were happy with that number … when our mandate is to eradicate the illicit market,” she said.

Mon
04
May

5 Reasons Cannabis 2.0 Sales Will Disappoint in Canada

For years, marijuana stocks were virtually unstoppable. The prospect of $50 billion or more in annual worldwide sales by 2030 sent North American cannabis stock valuations into the stratosphere. But over the past 13 months, most pot stocks have seen their valuations retrace anywhere from 50% to 95%. It's been ugly, with a capital "U."

Tue
28
Apr

From workplace discrimination to high costs, there’s plenty of fight left for cannabis advocates

I’ve been fighting for medical cannabis patients for 25 years.

Tue
28
Apr

U.S. cannabis companies say legalization would be an economic saviour. Have they learned nothing from Canada?

As COVID-19 brings economic growth to a standstill, some in the U.S. believe there’s a way out.

“When we all start to be able to lift our heads from this COVID experience, we are going to be faced with a scenario where a lot of jobs have gone away,” Charlie Bachtell, CEO of U.S.-based cannabis company Cresco Labs, tells CNBC. “How are we going to bring that back? I think cannabis has to be part of that discussion,” he says.

Mon
27
Apr

Canada’s response to the Cannabis Industry during COVID-19 by Province

A scope into Canada’s response to the Cannabis industry during Covid-19 by province reveals the industry’s resilience in the face of these trying times.

cannabis industry

Mon
27
Apr

The State of the Cannabis Industry Amid the Pandemic

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