Recreational Marijuana News

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lifestyle
recreational
Tue
07
May

Still-not-open London marijuana store slapped with $50K penalty

The owner of a London cannabis retail store that still isn’t open has been penalized $50,000 by the province’s pot regulator.

An Ontario numbered company behind Tweed, located at 1025 Wellington Rd. S, is one of seven store owners forfeiting an additional $25,000 to the Alcohol and Gaming Commission of Ontario (AGCO) for failing to be in business by April 30, a spokesperson for the regulator confirmed.

Eleven owners previously had $25,000 drawn from their letters of credit submitted to the AGCO — a condition for applying to open a marijuana retail outlet — for not opening by mid-April.

Tue
07
May

Retailers struggle to keep CBD on shelves in Canada

Retailers across Canada are struggling with a shortage of all cannabis, but there's one product they're especially desperate to keep on shelves: cannabidiol or CBD, a non-intoxicating extract vaunted for its purported health benefits.

The extract, most commonly sold as oil, has been promoted as a natural cure for pain, anxiety and insomnia, despite limited medical research. Many customers are coming in asking for it, especially first-time and older users, store owners say.

"I don't think the licensed producers really realized how popular CBD was, so there's none available, really,'' said Krystian Wetulani, founder of City Cannabis Co. in Vancouver.

Mon
06
May

Tokyo Smoke set to open its doors on Monday

Torontonians will soon have a fourth option when it comes to purchasing marijuana legally in the city.

Tokyo Smoke says it is ready to open for business Monday morning at 9 a.m.

Colin Campbell, one of the five lottery license winners from Toronto, partnered with Tokyo Smoke – which already operates cannabis outlets in Calgary and Manitoba – to set up shop in the old HMV building near Yonge-Dundas Square.

They will join Hunny Pot Cannabis Co., Nova Cannabis and Ameri which have already begun selling legal weed in their shops.

Mon
06
May

Cannabis tourism in Canada: Canadian Kush Tours

At the dawn of marijuana legalization in Canadian, longtime Toronto marijuana advocate Neev Tapiero saw an opportunity to expand his reach within the industry. Being at the forefront of significant cannabis-related firsts in Toronto (Tapiero is the founder of both the city’s first compassion club Cannabis As Living Medicine (CALM) and the Toronto Global Marijuana March) he could foreshadow that legalization would bring new business opportunities, especially within the tourism sector. And with that, the 23-year cannabis veteran launched Canadian Kush Tours.

Fri
03
May

'Excited to make this move in Sask.': Jimmy's Cannabis Shop chain sold for $13M

A chain of marijuana shops across Saskatchewan has been purchased by one of Canada's largest pot companies.

On Thursday, Fire & Flower announced it is buying Prairie Sky Cannabis — owner of the Jimmy's Cannabis Shop chain of retail stores — for $13 million. The deal includes the company's four locations in Battleford, Estevan, Martensville and Moosomin.

"We're excited to make this move in Saskatchewan," said Nathan Mison, vice-president of government and stakeholder relations for Fire & Flower.

"We look forward to opportunities to continue to make moves to show the government our commitment to the province."

Fri
03
May

The Green Organic Dutchman opening retail store in Jamaica

After recreational marijuana was legalized in Canada last year, licensed producers in the country have been busy seeking international opportunities to utilize their existing infrastructure and distribution knowledge. 

To that end, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD; US OTCMCKTS: TGODF) just announced a second Jamaican retail store will open on May 4, 2019 in tourist destination Montego Bay. 

Fri
03
May

The boomer weed rush is real: Older Canadians leading country-wide increase in use

Of roughly 646,000 Canadians to try cannabis in 2019, 332,000 were 45 or older, data from the self-reported survey run by Statistics Canada shows. That brings that demographic’s overall rate of use up from 9 per cent last year to 14 per cent now.

The data released Thursday by Statscan is the first iteration of the National Cannabis Survey conducted exclusively after legalization in October last year. The study has been running since February 2018.

Overall, cannabis use among Canadians increased by three per cent, from 14 percent last year at this time, to 18 per cent, or 5.3 million Canadians aged 15 or older.

Thu
02
May

The Green Organic Dutchman Holdings Ltd. (TGOD) (TGOD.TO) and Epican Receive Second Retail Licence from the CLA

The Green Organic Dutchman Holdings Ltd. (“TGOD” or the “Company”) (TGOD.TO) (TGODF) is pleased to announce, in conjunction with Epican Medicinals (“Epican”), the opening of its second legal cannabis retail store in Jamaica . Located on Montego Bay’s “Hip Strip”, the flagship location will open for business on May 4, 2019 .

Thu
02
May

We were right about the year of CBD stocks – and there’s still time to profit

2019 is shaping up to be the most profitable year yet for CBD – the medicinal compound derived from marijuana. And there's still time to make a huge profit on what's quickly becoming a billion-dollar industry.

The Hemp Business Journal reports that the CBD industry, worth only $170 million in 2017, could be worth $1.1 billion by the end of next year.

And that figure could balloon to even greater heights in just the next three years. According to the Brightfield Group, the CBD industry could be worth as much as $22 billion by 2022.

That 12,000% growth potential is simply unheard of. That's why we've been telling our readers all about CBD.

Wed
01
May

Another government-owned cannabis retailer posts massive losses

Well folks, it turns out that it can be possible to lose money selling drugs.

New Brunswick’s crown operated cannabis retailer has joined the ever-growing list of government-run marijuana dispensary operations managing to lose millions.

Unaudited year-end results released Tuesday show Cannabis NB lost $11.7 million.

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