Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
20
Nov

A month into legalization, Alberta is blowing away B.C.'s claim as Canada's pot capital

B.C.'s reputation as Canada's pot capital is stuck in red tape, while Albertans next door roll freely from store to store.

One month into legalization, Alberta has issued nearly 70 private retail licences, while British Columbia has issued one to a public retailer and another to a private store.

Bob Kay stopped selling marijuana from his Be Kind dispensary in Kelowna after legalization on Oct. 17, as he awaited his licence to operate as a store. Kay hopes to open four stores in the Okanagan — but at the moment he's still waiting, unsure about the status of his application. "I'm extremely frustrated," said Kay, who is still selling accessories at Be Kind.

Tue
20
Nov

Distell to distribute cannabis lager for Poison City Brewing

JSE-listed beverages group Distell has agreed to distribute and market a cannabis-infused beer backed by RCL Foods CEO Miles Dally and Spar CEO Graham O’Connor.

Distell, the producer of Nederburg wines and Klipdrift brandies which has no beers in its portfolio, reached a “distribution support” agreement with Poison City Brewing last week, said the craft brewer’s co-founder, Graeme Bird.

Poison City Brewing started selling a lager containing hemp — a variety of the cannabis sativa plant that is devoid of mind-altering ingredients — in major liquor chains in September. The launch coincided with a Constitutional Court ruling that effectively decriminalised the private use of cannabis in SA.

Tue
20
Nov

Coca-Cola is not interested in cannabis, CEO says

Earlier this fall, Coca-Cola had reportedly stated its interest developing drinks infused with CBD, the non-psychoactive cannabinoid compound in marijuana often taken to treat conditions ranging from insomnia and anxiety to pain management.

And in the days before recreational legalization in Canada when interest in all things pot-related was reaching its peak, news broke that Coca-Cola had been in talks with Edmonton-based cannabis company Aurora Cannabis , which caused Aurora’s share price to immediately shoot up 17 per cent. The run prompted a halt in trading in ACB, while a Canadian regulator pushed Aurora into publishing a statement attesting to the fact that “no agreement, understanding or arrangement” had in fact been made with Coca-Cola.

Tue
20
Nov

Better marijuana stock: The Green Organic Dutchman vs. Innovative Industrial Properties

If you're highly skeptical of the multibillion-dollar market caps of some of the most well-known marijuana stocks, there are other alternatives.

Two that immediately jump to mind are The Green Organic Dutchman (NASDAQOTH:TGODF) and Innovative Industrial Properties (NYSE:IIPR). The former sports a market cap of a little less than $1 billion, while the latter claims a much smaller market cap of just shy of $400 million.

Tue
20
Nov

WeedMD acquires cannabis sales license from Health Canada

Last week, WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) announced the acquisition of a license from Health Canada to sell cannabis grown at its facility in Strathroy, Ontario. Under the terms of the license, the company can now transport cannabis from Strathroy to Aylmer, Ontario where they have indoor packaging and distribution space.

With 44,000-square-feet of space already approved, and another 60,000-square-feet awaiting the okay from Health Canada, WeedMD appears well on track to reach their production goals for the new year.

Tue
20
Nov

Canada's hasty roll out of legal pot — Gift to the black market?

Canada's roll out of its legal marijuana market has been a political victory for the Liberal government but with shortages of cannabis for sale at retailers — almost from day one — it has been a gift to illegal sellers.

One of the aims of the legalization of recreational marijuana was to eliminate the black market in Canada. The Liberal government wanted to remove the "criminal organizations, street gangs, and gun-runners" associated with the drug, said Prime Minister Justin Trudeau during the 2015 election campaign.

Tue
20
Nov

This marijuana stock just produced a legit profit

The marijuana industry is absolutely firing on all cylinders this year, and investors have clearly taken notice. Our neighbor to the north, Canada, removed nine decades of recreational cannabis prohibition on Oct. 17, while two additional stateslegalized marijuana in some capacity in the U.S. during midterm elections. Beyond these major North American events, investors have also seen a slew of first-time occurrences in the weed industry in 2018.

But for as great as things have been for pot stocks, one thing is still missing: profits.

Tue
20
Nov

Marijuana earnings wrap-up: Cannabis stock winners and losers

Investors have flooded into marijuana stocks in the hopes of finding huge returns as legalized cannabis spreads across North America. The opening of the Canadian recreational market gave those following the industry hopes to score their most impressive growth opportunity yet, and across the globe, a number of countries are looking at making marijuana more readily available for consumers.

Tue
20
Nov

Pot-infused beverage market could hit $600 million by 2022

In what is becoming an interesting take on the growing cannabis industry in North America, statistics are showing that the beer industry is being impacted negatively as people switch from an alcoholic beverage to pot. No, this doesn't necessarily mean people are opting to get high instead of drunk, either.

According to the Motley Fool, in states where cannabis is legal for medicinal purposes, beer sales fell on average by 15 percent last year. In countries where pot is legal, alcoholic beverage sales have dropped 20 percent.

Tue
20
Nov

Why Canadian cannabis growers will dominate production

Canada may have already legalized cannabis but the truth is that the cannabis market is only just beginning. Canadian legalization opened up a market estimated to be worth $5.7 billion CAD, which is expected to explode to $9.5 Billion by 2025. This figure is just a tiny piece of a global market predicted to be worth  $146.4 Billion USD by 2025.

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