Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Wed
11
Dec

Pot sales in Canada fall short of forecasts in first year of legalization

Nearly $1-billion worth of legal cannabis was sold in Canada during the first year of legalization, short of analysts’ initial projections, according to a study published Wednesday by Statistics Canada.

StatsCan said that $907.8 million of legal cannabis was sold between the last two weeks of October 2018 and September 2019 through both brick-and-mortar and online stores, with Ontario leading the country with $216.8 million in total sales. Alberta, which holds the highest number of physical cannabis retail outlets in any province, recorded $195.7 million in sales in the first year, StatsCan said.

The sales figures are well below some of the forecasts that analysts put out ahead of the launch of legalization in Oct. 2018.

Wed
11
Dec

What We Learned About CBD In 2019

The study of CBD and marijuana saw big strides in 2019. Here are some of the most important facts we learned this year.

Every year, CBD becomes a more prominent topic and a more promising business venture for health and wellness companies.

Wed
11
Dec

The online shopper's guide to gifting cannabis in Canada

Crowded stores, no parking space and busy streets — the holiday shopping rush can make finding the perfect cannabis gift a hassle. Online shopping can offer a reprieve from the hectic rush, but it’s crucial to understand the laws and regulations before sending a bit of bud to a loved one.

Can I buy weed for someone in another province?

“Ontario residents are not allowed to order recreational cannabis online from another province or territory.”

Wed
11
Dec

How much money is Canada missing out on from the lagged edibles rollout?

It’s becoming clear cannabis edibles, extracts and topicals probably won’t be a part of holiday shopping this year as provincial regulators can only order products as of Dec. 16.

While storeowners were hoping to bank off the bud and customers were hoping to get high this season, the anticipation for new products will have to spill into January 2020.

But how much will that sting?

Jon Kamin, chief revenue officer at Lift & Co., says it’s a hard question to answer.

“It might have been a good revenue bump for the market as a whole,” he said in a phone interview.

“But it’s such a cluttered media landscape right now … it might’ve actually been very difficult to introduce a new brand given the noise.”

Wed
11
Dec

Canada's public health approach is working for cannabis. Let's do the same for opioids

Of the many things we have learned from almost 100 years of drug prohibition, it is obvious to all but the most ideological that public health education and the cultivation of norms for responsible use of potentially toxic substances are more effective tools for the management of complex policy problems — particularly those that involve human appetites — than the hammer of law enforcement, courts and prisons.

The legalization of cannabis has shown Canadians that public policy can trade a big problem — the mass criminalization of racialized and inner-city youth — for the slightly smaller, more manageable ones that concern safe and responsible consumption of a regulated substance.

Tue
10
Dec

Sorry Canada: edibles, extracts and topicals aren't ready

Cannabis 2.0 likely won’t come in time for Christmas after all.

Reps in Ontario, Alberta, British Columbia, Manitoba and Quebec all say they expect the first sales of edibles, extracts and topicals to come no sooner than January 2020.

And if anything does come before then it will be a “very limited supply.”

Dec. 16, 2019, is the earliest date that notified products in the new classes could be made available for sale to authorized distributors and sellers in provinces and territories.

Tue
10
Dec

Aphria Is Making the Right Moves to Survive Marijuana Slump

It has been exceptionally costly to try to go bottom-fishing on marijuana stocks in 2019. Every time the sector seems to finally reach its lowest point, something comes along to knock prices down even farther. So it’s daunting trying to call a turnaround after many failed attempts.

Tue
10
Dec

Cannabis-infused tea and chocolate — but don’t expect candy floss or breath strips — as edible products come to stores

And the battle begins in earnest.

With the introduction of edible, beverage, vape and other new products over the coming months, the country’s legal pot industry will finally bring both passive fists to the fight with its shadowy, illicit counterpart, experts say.

And the range of confections, booze alternatives and vaping products that will increasingly pack the shelves of pot stores — with the first wave expected to hit in January — is likely to attract vast numbers of new users to the pleasures and pitfalls of cannabis.

Mon
09
Dec

B.C. cannabis shop covers window with photo of frontier Mountie. RCMP wants it removed

Jeff Weaver has been jumping through the legal hoops required to set up Jimmy's Cannabis shop in Cranbrook, B.C., but now an image of a famous Mountie Weaver used to cover one of the shop's windows has caught the attention of law enforcement.

Cannabis stores in B.C. are required to cover their windows so the interior can't be seen from the street.

Many shops use plain, frosted white coverings, but Weaver opted for a collection of black and white historical images representative of the Cranbrook area.

One of the windows depicts Sam Steele, known as the man who helped bring law and order to the west in the late 19th century.

Mon
09
Dec

Top Cannabis Stocks for December

Cannabis stocks have had a tough year. Since the summer, most marijuana ETFs have been cut in half. Yet the long-term promise remains clear. Many analysts expect global sales to hit $100 billion by 2030, representing 1,000% growth.

If you want to invest in cannabis stocks, it pays to have a multi-year vision. Still, short-term market gyrations can make some companies a bargain, and it’s important to capitalize before prices revert.

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