Recreational Marijuana News

Synonyms: 
lifestyle
recreational
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.

Wed
27
Feb

Why isn’t British Columbia making money from adult use cannabis?

Nobody could have assumed it back when predictions were being made before legalization, but British Columbia isn’t really pulling in much money from the recreational cannabis industry.

Seeing how B.C. was always seen as Canada’s California when it comes to weed quality, the inability to make profits in the cannabis industry has caught many by surprise.

Others, however, have long foreseen this problem and warned of the incoming uphill battle against the black market growers and dealers.

Growers had nowhere to go

The problem with illegal cannabis flooding the streets of British Columbia is not a new one. In fact, it’s been going on for a while now.

Tue
26
Feb

Youth workshop in Ulukhaktok to focus on safe partying

A Yukon organization is headed to Ulukhaktok, N.W.T., on Tuesday to put on a workshop for young people that includes a full day on safe partying.

BYTE-Empowering Youth's two-day workshop called "MOVE! Youth Ending Violence" offers young people ways to address various issues in their community.

"It's going to very beneficial to our young adults that are in the community, as the community has been having a problem with alcohol for a bit now," said Derek Squirrel, recreation co-ordinator for the hamlet of Ulukhaktok.

"It's going to be nice to bring the youth in to focus on the issues of alcohol, and marijuana, now that it is legal."

Tue
26
Feb

Small towns say they're short-changed by fund for switch to legal pot

Small-town Southwestern Ontario is pushing back against Ontario’s plan to cushion the fallout of legal marijuana with money, saying the funding formula puts small centres at a big disadvantage.

The province recently announced the second instalment that municipalities will get from a $40-million fund to help cover costs stemming from the roll-out of recreational marijuana use, including police enforcement, over the next two years.

But Sarnia Mayor Mike Bradley, the region’s senior civic leader, said four months into legal weed in Canada, municipalities have practically been an afterthought.

Tue
26
Feb

CBD: The top cannabis beverage stocks to own in 2019

Thanks to growing acceptance, including Canada’s legalization in 2018, further U.S. state approval, and growing interest from corporate America the global cannabis market could reach $194 billion global market, according to the Bank of Montreal, as noted by Business Insider.

One area seeing a major impact from the boom is the alcohol industry.

Mon
25
Feb

New in the Oscars 2019 swag bag? All kinds of cannabis loot

There's a little something different in the swag bags that Oscar-nominated actors will receive this year — a range of cannabis products and services from five companies, including one from a Canadian company.

The "Everyone Wins" gift bags are sent to all 25 nominees in the acting categories, and — although not officially sanctioned by the Oscars — their extravagant nature has given the bags some star status of their own.

Mon
25
Feb

Sask. sales of cannabis lower than any other province in Canada in 2018

In the first months after the legalization of cannabis, sales at cannabis stores in Saskatchewan were lagging behind every other province in the country, according to the latest figures from Statistics Canada.

Across Canada, $151.5 million in cannabis was sold from the date of legalization on Oct.17, 2018, to the end of December. 

Saskatchewan cannabis stores sold just under $2.5 million in product in that time, below Prince Edward Island's sales of just under $3.4 million. P.E.I.'s population is about 150,000 people, compared with Saskatchewan's population of just under 1.2 million.

In comparison, people in Saskatchewan spent $227.7 million at beer, wine and liquor stores in the months from October to December. 

Mon
25
Feb

Delta supports proposed Health Canada regulations for cannabis edibles

As the federal government prepares to legalize cannabis edibles next October, the City of Delta is readying its arguments on how the edible market should be regulated.

The city’s primary concern regarding cannabis edibles, city manager Sean McGill told council, is the way products that look like candies appeal to youth. The mayor’s delegation to Ottawa next week will present that concern as well as issues with how edibles are packaged when it meets with federal legislators.

“There are certainly stories of kids accessing things that look like gummy bears or some kind of treats with bright colours, and eating them and overdosing in some capacity, so that’s probably the biggest concern,” McGill said.

Mon
25
Feb

Tilray buys Manitoba Harvest, eyes CBD food and drink market

Tilray is buying Manitoba Harvest, the world’s largest hemp foods manufacturer, for $317 million from Compass Diversified Holdings, eyeing the growing CBD food and drink market in the U.S.

The acquisition, announced Wednesday, gives Tilray access to the U.S. CBD market — and traditional retail spaces — starting with a line of CBD tinctures, sprays and soft gel caps, expected to launch this summer.

Tilray will issue another $37 million (C$49 million) in shares to Manitoba Harvest based on certain financial milestones in 2019.

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