Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Fri
08
Mar

Langford's first pot shop poised to open within months

A recreational-cannabis store poised to open in Langford this year is the latest link in a chain of Clarity Cannabis outlets founded by a Victoria pharmacist.

Michael Forbes has already launched three stores in Alberta, with another 26 awaiting construction and regulation approvals in that province.

He plans to open seven in B.C. and one in Saskatchewan.

In addition to the Langford outlet, Forbes said he intends to open stores in Cranbrook, Dawson Creek, Kamloops, Prince Rupert and two in Victoria.

“As a licensed and practicing pharmacist, I find a lot of crossover in terms of retailing cannabis and pharmaceuticals in terms of ensuring customer safety and treating everyone with compassion and fairness,” Forbes said in an email to the Times Colonist.

Fri
08
Mar

B.C. tax revenue from legal cannabis lower than expected

B.C.'s first round of tax revenue from legal cannabis is lower than the estimates written into the 2018/2019 budget.

The province had estimated it would receive $200 million over three years. But provincial Finance Minister Carole James told reporters Wednesday the province has now built in $68 million over three years.

"We can make adjustments to that each year as we see the progress of the stores opening," she said.

James said the discrepancy was due to delays in legalization from the federal government and municipal elections across B.C. which put new permits for pot shops on hold.

"We've seen a delay in opening of stores and that obviously impacts the revenue," she said.

Thu
07
Mar

Former employee outlines 'everyday drama' at Saskatoon's rogue cannabis dispensary

The young man says he was running down the alley behind Second Avenue South with a jar of marijuana in each hand, sure the police were hot on his heels, when he decided to rethink his career choice.

He worked at the Saskatoon Cannabis Clinic, an illegal dispensary with no city business licence, no licence from the Saskatchewan Liquor and Gaming Authority to sell cannabis recreationally, and no recognition from Health Canada as a legitimate medical cannabis supplier.

The business had already been raided three times in the past three months, reopening each time in defiance of police and government.

I essentially feel like a little small-time drug dealer. It's not what I am, it's not who I want to be."- Former Saskatoon Cannabis Clinic employee

Thu
07
Mar

Pot retailers move toward spring opening in Sudbury

The process to open privately operated cannabis retail stores in Greater Sudbury continued to move forward this week, with one of the applicants, Saturninus Partners, moving into the eligibility phase of Alcohol and Gaming Commission of Ontario review process, and another, Anton Lucic, nearing the end of a public notice period.

Saturninus and Lucic were recently named as winners for the North Region in the AGCO’s Expression of Interest Application Lottery. The commission has targeted April 1 of this year as an opening date.

Thu
07
Mar

Governments around the world changing stance on cannabis legalization

Before the twentieth century, cannabis was used as a sort of medicine to treat asthma, coughs, migraines, and insomnia. However, due to the psychoactive effects of tetrahydrocannabinol, or the THC-derivative, cannabis became illegal and was removed from the list of registered medicines.

Now, cannabis is rapidly emerging around the globe as countries begin to reverse the laws and legalize its medicinal use again. While most countries are exploring opportunities within the medical cannabis sector, the proliferation of recreational cannabis is rapidly spreading throughout the western hemisphere of the world.

Thu
07
Mar

Namaste Technologies Inc. (NXTTF) enters the edibles market with 49% acquisition of Choklat

Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has entered into a share purchase agreement (the “Agreement”) to acquire 49% of the issued and outstanding shares of Calgary, AB based Choklat Inc. for $1.5 million in cash consideration. As part of the acquisition, Namaste will be appointing a member to the Board of Choklat.

Choklat is a premium chocolate manufacturer with existing sales through its online eCommerce site and through a network of distributors across Canada. Choklat has recently entered into a supply relationship with Sobeys and already has product in 25 stores in Alberta with a goal to roll out in Western Canada and beyond in the coming months.

Thu
07
Mar

Ontario could be a cannabis tourism hotspot, market researcher suggests

Imagine a bike tour that takes you to different craft cannabis growers who show you how they cultivate their plants from seed to buds. Or a two-day mom's marijuana getaway, where you and your girlfriends pay a set fee that includes a hotel room, a massage with cannabis-infused oil, some edibles and a gourmet meal. 

"Canada has a unique opportunity to invite the world to see how cannabis is made."- David Coletto, CEO, Abacus Data

There's a large, untapped cannabis tourism market that could cater to everyone from stressed-out parents to first-time users to seasoned consumers, says a market research analyst.

Wed
06
Mar

Canadians are spending billions on cannabis, but mostly on the black market, Statistics Canada reports

It’s been nearly half a year since Canada legalized and began regulating sales of recreational cannabis.

During that time, Statistics Canada has monitored spending on the drug, and last Friday (March 1), shared its latest results.

“Household spending on cannabis totalled $5.9 billion (in nominal terms) in the fourth quarter, with illegal cannabis accounting for $4.7 billion and legal cannabis $1.2 billion,” reads a Statistics Canada summary of the data. “Cannabis accounted for 0.5% of total household spending, and non-medical cannabis accounted for 11.2% of spending on alcohol, tobacco and cannabis in the fourth quarter.”

Wed
06
Mar

Cannabis dispensaries step up game: Retailers worth watching

As Canadian provinces begin to see their first private licensed cannabis stores, retail chains and dispensaries in the United States have entered a new phase of maturity. These two trends may be prompting major producers to look into getting into the retail market in order to sell product directly to consumers, which could potentially trigger some fresh deal action this year.

For larger growers, the benefits to this vertical integration are obvious. Besides cost savings and convenience, a producer would be able to exercise more quality control and a better understanding of market conditions. This is not possible in all jurisdictions, of course, as provincial governments in Nova Scotia and Quebec run their own retail stores, making this type of integration impossible.

Wed
06
Mar

No cannabis-related spike noted in impaired driving after legalization

Pre-October, with the country moving toward cannabis legalization, police and lawyers geared up for what was expected to be a rash of impaired driving offences related to the drug.

Instead — in Regina, at least — crickets.

“I don’t have numbers, but I’ll use the word ‘low,’ ” Regina Police Service Chief Evan Bray said recently at a Board of Police Commissioners meeting when questioned by reporters on the issue. “We have not laid a lot of (cannabis-related) impaired driving charges. In fact, I don’t think we’ve laid any impaired driving charges as a result of cannabis.”

City police spokesman Les Parker confirmed it, stating the current numbers for cannabis-related impaired driving are “zero, unless other charges are mislabeled.”

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