Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Tue
20
Nov

A month into legalization, Alberta is blowing away B.C.'s claim as Canada's pot capital

B.C.'s reputation as Canada's pot capital is stuck in red tape, while Albertans next door roll freely from store to store.

One month into legalization, Alberta has issued nearly 70 private retail licences, while British Columbia has issued one to a public retailer and another to a private store.

Bob Kay stopped selling marijuana from his Be Kind dispensary in Kelowna after legalization on Oct. 17, as he awaited his licence to operate as a store. Kay hopes to open four stores in the Okanagan — but at the moment he's still waiting, unsure about the status of his application. "I'm extremely frustrated," said Kay, who is still selling accessories at Be Kind.

Tue
20
Nov

Distell to distribute cannabis lager for Poison City Brewing

JSE-listed beverages group Distell has agreed to distribute and market a cannabis-infused beer backed by RCL Foods CEO Miles Dally and Spar CEO Graham O’Connor.

Distell, the producer of Nederburg wines and Klipdrift brandies which has no beers in its portfolio, reached a “distribution support” agreement with Poison City Brewing last week, said the craft brewer’s co-founder, Graeme Bird.

Poison City Brewing started selling a lager containing hemp — a variety of the cannabis sativa plant that is devoid of mind-altering ingredients — in major liquor chains in September. The launch coincided with a Constitutional Court ruling that effectively decriminalised the private use of cannabis in SA.

Tue
20
Nov

Coca-Cola is not interested in cannabis, CEO says

Earlier this fall, Coca-Cola had reportedly stated its interest developing drinks infused with CBD, the non-psychoactive cannabinoid compound in marijuana often taken to treat conditions ranging from insomnia and anxiety to pain management.

And in the days before recreational legalization in Canada when interest in all things pot-related was reaching its peak, news broke that Coca-Cola had been in talks with Edmonton-based cannabis company Aurora Cannabis , which caused Aurora’s share price to immediately shoot up 17 per cent. The run prompted a halt in trading in ACB, while a Canadian regulator pushed Aurora into publishing a statement attesting to the fact that “no agreement, understanding or arrangement” had in fact been made with Coca-Cola.

Tue
20
Nov

Canada's hasty roll out of legal pot — Gift to the black market?

Canada's roll out of its legal marijuana market has been a political victory for the Liberal government but with shortages of cannabis for sale at retailers — almost from day one — it has been a gift to illegal sellers.

One of the aims of the legalization of recreational marijuana was to eliminate the black market in Canada. The Liberal government wanted to remove the "criminal organizations, street gangs, and gun-runners" associated with the drug, said Prime Minister Justin Trudeau during the 2015 election campaign.

Tue
20
Nov

Pot-infused beverage market could hit $600 million by 2022

In what is becoming an interesting take on the growing cannabis industry in North America, statistics are showing that the beer industry is being impacted negatively as people switch from an alcoholic beverage to pot. No, this doesn't necessarily mean people are opting to get high instead of drunk, either.

According to the Motley Fool, in states where cannabis is legal for medicinal purposes, beer sales fell on average by 15 percent last year. In countries where pot is legal, alcoholic beverage sales have dropped 20 percent.

Tue
20
Nov

Why Canadian cannabis growers will dominate production

Canada may have already legalized cannabis but the truth is that the cannabis market is only just beginning. Canadian legalization opened up a market estimated to be worth $5.7 billion CAD, which is expected to explode to $9.5 Billion by 2025. This figure is just a tiny piece of a global market predicted to be worth  $146.4 Billion USD by 2025.

Mon
19
Nov

Alberta police worried people will 'blow themselves up' making butane hash oil

Alberta law enforcement officials say they are worried that the legalization of marijuana could lead to potentially explosive consequences for users taking a do-it-yourself approach to making cannabis derivatives at home.

Just over a month ago, Canadians were given the right to purchase dried and fresh cannabis and unconcentrated forms of cannabis oil.

It is likely to be another year before concentrates will be legalized.

"What's going to happen — and this is just my prediction — is that people are going to do a butane hash extraction at home and they're going to blow themselves up," said Sgt. Guy Pilon, clandestine lab co-ordinator with the Edmonton Police Service.

Mon
19
Nov

Canada is legalizing cannabis sales: Here‘s how it will work

Canada is legalizing the adult use of marijuana on Oct. 17 and will be the second and largest country to do so. The federal government established the broad outline of the legalization law but left it up to provinces and territories to fill in some of the details — such as whether to allow home grows, to establish a legal purchase age of 18 or 19, and whether to sell through government-run pot shops or private outlets.

Here‘s a look at how the industry will look, as well as some key differences between Canada‘s approach and that of the nine U.S. states that have legalized so-called recreational marijuana:

Mon
19
Nov

Buying cannabis with a credit card? Why you should think about privacy

Canada's privacy commissioner is planning to issue guidance for buyers and sellers of legal cannabis amid ongoing concern about potential fallout, such as being barred from the United States, if transactions become known by third parties.

The concern has been heightened in provinces where anonymously paying cash in-store is not possible in light of a controversial Statistics Canada initiative to obtain detailed bank records from all Canadians.

Mon
19
Nov

5 reasons Canada is facing a marijuana shortage

The marijuana industry has delivered one milestone after another in 2018.

The highlight, of course, was the legalization of recreational cannabis in Canada on Oct. 17, 2018, which ended nine decades of adult-use prohibition. However, we also witnessed two more U.S. states legalize medical pot, which went along with Michigan becoming the 10th state to OK recreational weed use. Add in pot stock uplistings, the first cannabis-derived drug being approved in the U.S., and Tilray becoming the first pot stock to IPO on a reputable U.S. exchange, and you have the makings of a groundbreaking year.

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