Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Thu
14
Mar

Recreational cannabis isn't the cash cow the government hoped for

This month the federal government sent the first cannabis excise tax payments to the provinces. But almost none of the amounts was disclosed. That’s likely because the cheques were smaller than officials had expected. But perhaps it’s also because medical cannabis clients think the taxes are unfair.

British Columbia is the only province so far to disclose its excise tax revenues: $1.3 million for October to December 2018. It had expected $50 million total this fiscal year, but now will be lucky to get $3 million. Other provinces haven’t disclosed their receipts. Manitoba didn’t even mention cannabis revenues in last week’s budget.

We can, however, estimate pot tax revenues using other data. First consider the federal government’s share.

Wed
13
Mar

A cannabis grow-op could be coming to Yellowknife

A proposed cannabis grow-op in Yellowknife got a warm reception from city councillors on Monday.

"You have somebody who wants to actually produce something that will be sold in the territory, that's a rarity up here. This should be applauded," Coun. Niels Konge said.

The warehouse facility would be located in the Engle Business District at 92 Falcon Road, west of the Yellowknife Airport.

Jordan Harker, the man behind the pitch, said the business is not affiliated with growers in southern Canada.

"We're looking at about 10 to 12 full-time jobs with probably 15 to 25 part-time jobs," he told city council during a committee meeting on Monday.

"It's our goal to be competitive with pricing."

Wed
13
Mar

Amid ongoing pot shortage, AGLC scores more cannabis suppliers

It’s the first tangible fruit produced from a nationwide search by Alberta Gaming, Liquor and Cannabis (AGLC) to enlist more federally sanctioned suppliers in a bid to ease a cannabis supply shortage that’s led to a moratorium on issuing new retail licences in the province.

While it brings the number of AGLC suppliers to 19, it’s not expected to be enough to lift the moratorium — which was put in place in November — any time soon, said commission spokeswoman Chara Goodings.

Wed
13
Mar

Toronto will host its first-ever legal cannabis patio party this summer

To celebrate the first summer since marijuana legalization, Toronto is getting its very own, completely legal, cannabis patio.

In collaboration with Kensington Market’s HotBox Cafe, The Toronto Craft Beer Festival will feature a patio where visitors can enjoy a beer and some bud.

Tue
12
Mar

5 influential companies in CBD-infused beverages

As consumer awareness around CBD continues to grow, cannabis companies are beginning to allocate an inordinate amount of investment capital into the development of CBD-infused beverages.

In this report, we explore some of the largest and most active companies preparing to make their mark on the dawning CBD-infused beverage market.

The Alkaline Water Company

The Alkaline Water Company (NASDAQ: WTER) (TSX-V: WTER), a leading producer of premium bottled alkaline drinking water sold under the brand name Alkaline88®, continues to gain momentum as it achieves record Q3 sales, boasting a 102% increase in revenue in comparison to last year.

Tue
12
Mar

Hamilton’s first legal pot shop poised to open at Centre on Barton

The hopeful operator of a legal marijuana retail outlet is poised to open in an east Hamilton shopping plaza.

Canna Cabana Hamilton has reached the 15-day public comment period to open a government-approved pot shop at the Centre on Barton.

Its roughly 2,400-square-foot space at the east side of the plaza is undergoing renovations to be ready for the province's deadline.

"I'm working diligently to meet the April 1 deadline," business owner Steven Fry said Monday morning.

The provincial government aims to have Ontario's first legal cannabis retailers open for business by April. It's limited the number to 25 initially, citing a short supply of legal weed.

Mon
11
Mar

Martha Stewart switches cherry pie for pot as she enters the booming cannabis business

She is 77 years old and best known for dispensing advice on such vital matters as how to tidy up a linen closet or make the perfect cheesy vegetable frittata.

Now Martha Stewart is branching out into the marijuana business, as America's most celebrated domestic goddess teams up with a Canadian cannabis business, Canopy Growth Corporation.

Mon
11
Mar

Amazon may sell marijuana sooner than expected

The marijuana industry is evolving at a rapid pace. Back in 1995, a mere 25% of all respondents in Gallup's annual survey were in favor of legalizing marijuana, and not a single U.S. state or country around the world had given the green light to cannabis.

Today, two-thirds of all respondents in Gallup's annual survey now favor the legalization of pot in the U.S., with 33 U.S. states having legalized the drug for medical purposes, and 10 allowing adult consumption. There are also two countries (Canada and Uruguay) worldwide to OK recreational weed, with more than two dozen medically legal countries.

Fri
08
Mar

New Nova Scotia facility plays role in growth of Zenabis’ N.B. plant

Zenabis CEO Andrew Grieve says having the 255,000-square-foot facility in operation not only will allow the company to produce more, but also allow more flexibility to how it disperses its resources across its two other plants, one in New Brunswick and the other in Langley, B.C.

“We actually have a 255,000-square-foot facility that we can use for a variety of different components of our business, whether that’s processing and packaging, manufacturing, or a range of other activities,” says Grieve. “This provides us with additional significant flexibility and additional cultivation capacity.”

Fri
08
Mar

Uneven distribution of cannabis shops leaves Waterloo Region without a store

Ontario’s lottery system to dole out the first wave of cannabis shop licences is producing some unusual results across the province.

Canada’s most populated province will allow privately owned retail marijuana sales starting April 1, after the Ford government abandoned a plan for government-run stores last summer.

The first 25 pot shops will have exclusive access to the bricks-and-mortar market until the end of the year, as part of a lottery system that was intended to distribute retail licences fairly across Ontario.

But the reality has been anything but fair as would-be operators are concentrating in a handful of cities.

Pages

Subscribe to RSS - Recreational Marijuana News