Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Fri
01
Mar

Canopy Growth deal could open global retail pot market

Canopy Growth Corp (NYSE:CGC) reported stellar third-quarter results on February 14, setting the hearts of cannabis bulls aflutter. Since then, the company has given marijuana investors ever more reason to cheer.

Canopy Growth announced that it will be working with Alimentation Couche-Tard Inc (OTCMKTS:ANCTF, TSE:ATD), which has a global footprint of 16,000 convenience stores (including 7,800 in the U.S.), to launch a premium cannabis brand. This new strategic partnership could open the door to global cannabis stores and be a massive first-to-market win for Canopy Growth.

Fri
01
Mar

Martha Stewart is launching CBD products for pets with an Ontario cannabis company

Canopy Growth Corp. has announced that the Ontario cannabis producer is partnering with Martha Stewart in the development of their newest line of products. According to CTV News, the celebrity homemaker will be joining the cannabis company as a product advisor, lending her extensive knowledge of consumer products to the rapidly-expanding cannabis industry.

The partnership between Canopy Growth and Martha Stewart will be focused on hemp-derived CBD products for both human and animal consumer markets.

Fri
01
Mar

Saskatchewan First Nation files claim in court over cannabis dispensary

A First Nation operating a cannabis dispensary without a provincial permit has laid the groundwork for taking the federal and Saskatchewan governments to court.

The Muscowpetung First Nation filed a statement of claim in Regina Court of Queen’s Bench on Nov. 16, the same week the band opened a pot shop on its reserve northeast of the city.

The store Mino-Maskihki, which means “good medicine,” advertises on its Facebook page the sale of recreational and medicinal cannabis products.

Recreational cannabis became legal in Canada last October and Saskatchewan used a lottery to award 51 licences to sellers.

Fri
01
Mar

Yield Growth registers CBD oil lip glosses with Health Canada

Vancouver, British Columbia-based Yield Growth is working in the cannabis wellness products market. By January 31, just one month after its retail sales launch, Yield Growth announced its Urban Juve skin care products were available for purchase in 20 retail locations across Canada.

Thu
28
Feb

Cannabis Canada Daily: Two more U.S. states inch closer to legalizing recreational pot

New Hampshire, Florida move bills to legalize recreational cannabis 

Thu
28
Feb

Atlantic Canadians continue to spend most on legal Cannabis

According to the recent release of statistics data by the national statistics agency, the highest sales numbers of cannabis are made by Atlantic Canadians. In their study, Statistics Canada agency analyzed legal cannabis purchase rates for each Canadian province for the first quarter year of pot legalization up to the end of the year 2018.

They found that the residents of Prince Edward Island spend the most on legal cannabis (average of $21.95 per capita) after then come in second the residents of Nova Scotia, who spend on average $17.87 on pot. These data coincide with the study of purchase rates for the first six weeks of legalization, where the results showed the same two provinces with the highest rates of pot sales per capita.

Thu
28
Feb

Hemp-based foods market growth and business opportunities for manufacturers: Manitoba Harvest, Hemp Oil Canada, Braham & Murray, Jinzhou Qiaopai Biotech

Hemp seeds, or hemp hearts, are the seeds of the hemp plant, or Cannabis sativa. Although marijuana comes from the same plant, hemp seeds only contain a trace amount of THC, the active ingredient in marijuana, and they will not get you high. In fact, hemp seeds are safe and very healthy to eat. Hemp Seeds are a gift of nature. They are the most nutritious seed in the world.

Hemp Seeds are a complete protein. They have the most concentrated balance of proteins, essential fats, vitamins and enzymes combined with a relative absence of sugar, starches and saturated fats.

Thu
28
Feb

Alberta leads the nation in cannabis stores, retail cannabis sales

In the first months following Canada’s legalization of cannabis, the industry has recorded more than $150 million in retail sales with Alberta leading the way according to Statistics Canada.

As of the end of February, there are 75 retail cannabis stores operating in Alberta, 24 of which are in Calgary. The province’s stores have combined to sell $33 million worth of legal marijuana since October 17, 2018.

Alberta’s place at the top of marijuana sales comes as little surprise to industry experts as the province’s store numbers dwarfs all other provinces. Newfoundland has the second-most cannabis stores in Canada with 25 retail outlets currently operating while other provinces have yet to open a single cannabis store.

Wed
27
Feb

The cost of weed: What’s the cannabis tab country-wide?

Canadians have had access to legal recreational cannabis for more than four months and, at this point, prices across the country vary somewhat from province to province.  So how much does a gram of weed cost across Canada?

“Each province and territory in Canada controls distribution, with many of them being the sole distributor of cannabis, similar to alcohol,” explains Lisa Campbell, CEO of Lifford Cannabis Solutions, a cannabis brand agency. “As such, each supplier negotiates rates, which are subject to the federal excise tax, as well as different provincial taxes.”

Wed
27
Feb

CBD’s break-out streak continues with introduction to beauty and high-end dining

The race to corner the CBD market is now heating up. Canadian pot maker Tilray Inc. (NASDAQ:TLRY) recently announced that it would acquire hemp food company Manitoba Harvest for $317 million in cash and stock. With this acquisition, Tilray says it plans to launch CBD-derived products in the US as early as this summer.

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