Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Mon
17
Jun

Cannabis retail store officially opens in Ontario

With the state's legislative session ending on Wednesday, it still remains unclear if recreational marijuana will be legalized in New York. But as of Saturday morning, a cannabis retail shop officially opened its doors just five miles from the Rainbow Bridge into Canada.

Dozens of people came to the grand opening of Choom Cannabis - one of more than 20 recreational marijuana stores that has opened in Ontario since Canada legalized the drug.

Before this point, the closest marijuana retail shop to Western New York was in St. Catharines. But now with a quick drive over the bridge, officials are now expecting to see more Americans.

Fri
14
Jun

WeedMD plants its first outdoor pot crop near Strathroy

Staff from WeedMD’s operations in Aylmer and Strathroy, along with members of its leadership team and Strathroy-Caradoc Mayor Joanne Vanderheyden, rolled up their sleeves and planted marijuana in a 10-hectare plot previously used to grow asparagus.

More than 20,000 clones – small cannabis plants grown from the cuttings of a mother plant – will go into the ground in a fenced section of the company’s 64-hectare property that also houses its greenhouse operation.

The farm is outfitted with an irrigation system and plastic row coverings to keep weeds from growing.

“I can confidently say that we’ve thought of everything here. We will have an amazing bumper crop,” WeedMD chief cannabis officer Derek Pedro said.

Fri
14
Jun

This national grocery chain will carry CBD in 17 states

In case you haven't been paying attention, legal cannabis is a big-dollar business model. Having generated $12.2 billion in global (legal) sales in 2018, according to figures from Arcview Market Research and BDS Analytics, the worldwide weed industry could make a run at $50 billion, or perhaps $75 billion, in annual sales by the time 2029-2030 rolls around, based on various Wall Street estimates.

Thu
13
Jun

Future of Outlook cannabis store unsteady

Despite extensive renovations and infrastructure investment, it appears that the chances of a cannabis retail outlet opening in Outlook after all this time may simply go up in smoke.

That’s the concern after the Saskatchewan Liquor and Gaming Authority (SLGA) reportedly denied Dr. Jean Paul Lim’s application to open up for business.  The BC-based Dr. Lim was the recipient of three permits to sell retail marijuana in Saskatchewan in the government’s draw lottery held last spring.  Lim, a clinical instructor at the University of British Columbia, also has the licenses to open up stores in Melfort and Rosetown, both of which also remain unopen.

Thu
13
Jun

Vape giant PAX Labs picked 4 popular pot stocks as its supply partners

After hiding in the shadows for decades, the cannabis movement is experiencing a long-overdue coming-out party. Following the legalization of recreational marijuana in Canada, and the ongoing push to legalize at the state level in the U.S. and in various countries around the world, the potential for legal marijuana is truly budding.

Projections by various sources suggest that legal marijuana could become, at minimum, a $50 billion a year industry (globally) by 2029, with peak sales potential of as much as $166 billion. That's not a dollar figure Wall Street and investors will easily overlook.

Thu
13
Jun

Quebec cannabis sales totalled $71 million in first year

Quebec's provincially operated cannabis shops made $71 million in sales in their first year and sold the most cannabis in the country in terms of dollars and volume, but they still posted a $4.9-million loss to be covered by the provincial government.

The provincial cannabis corporation -- known as the SQDC -- said in a statement that the provincial government revenues from consumption and excise taxes totalled about $21.7 million between June 12, 2018 and March 30.

The first stores in the Quebec network opened on Oct. 17, the day recreational marijuana became legal in the country.

However, the stores had to reduce opening hours, plagued by supply challenges faced by all provinces no matter what business model they were employing.

Wed
12
Jun

Pure cannabis cigarettes to be introduced to Canadian cannabis market

THC BioMed Intl Ltd. ("THC BioMed", or the "Company") (CSE: THC) is pleased to announce that it is the first Canadian Licensed Producer to automate the pre-rolling of cigarettes containing 100% cannabis (the "Pure Cannabis Cigarettes"). In the same way automation changed the tobacco industry, THC BioMed is confident the automation of Pure Cannabis Cigarettes will bring meaningful changes to the current cannabis industry and its bottom line.

The automated cigarette manufacturing plant has been installed at THC BioMed's flagship Acland Road location.  THC will begin the production and sales of commercial-grade Pure Cannabis Cigarettes, a first in Canada.

Wed
12
Jun

City council expected to debate policy preventing legal weed sales in DTES

The debate on a motion proposing easier access for opioid alternatives in the city’s Downtown Eastside is expected to begin again Wednesday, when Vancouver city council meets to discuss policy and strategic priorities.

Submitted by Coun. Rebecca Bligh in late May, the motion titled “Cannabis as an Alternative to Opiates and More Dangerous Drugs on the Downtown Eastside” proposes amending an almost four-year-old exclusion zone keeping medical marijuana from being sold in one of the city’s most vulnerable communities.

“What I’m asking is well-considered exceptions to that rule, and that city staff come back and make recommendations to council,” Bligh told CTV News Vancouver in an interview Tuesday.

Tue
11
Jun

Green Growth plans 70 new CBD shops in Brookfield Properties' U.S. malls

Green Growth Brands Inc. has signed a deal to open more than 70 new CBD stores at Brookfield Properties' shopping centres throughout the United States.

The Ohio-based cannabis company says these stores will sell CBD-infused personal care products under its existing Seventh Sense banner and under a new brand called Green Lily.

The chief executive of Brookfield Properties' retail group, Sandeep Mathrani, says it is the company's job to bring in retail offerings that consumers desire, and this includes Green Growth's CBD products.

Green Growth currently has seven shops within Brookfield Properties' portfolio.

Cannabidiol or CBD is a non-intoxicating compound which can be derived from cannabis or hemp and has been touted for its health benefits.

Tue
11
Jun

How Alberta is poised to become a hub of the hemp industry

When he decided to take up farming part-time six years ago, Roy Renneberg (Welder ’90) did a very Alberta thing and planted hay.

Still employed in the construction industry, the native of Cudworth, Sask. grew up on a farm and hay seemed like a comfortable choice. But when Ottawa announced plans to legalize cannabis and update rules around industrial hemp, its non-stoner sister plant, a seed of inspiration was planted.

Hemp was an unknown, but after doing some research Renneberg was intrigued with the prospect of a crop that could produce revenue from every part of the plant – seeds, flowers, leaves and stalks.

“I thought, this could get very interesting and that’s where we went with it,” he says.

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