Moncton recently played host to what is being called the first-ever consumer show where cannabis products were available for purchase on-site, albeit exclusively through Cannabis NB.

Cannabis lovers from all over New Brunswick descended upon the Moncton Coliseum this past weekend for a customer-focused, cannabis consumer event.

This event, however, had a little something extra: a government-run, cannabis pop-up shop that featured some of event partner Cannabis NB’s latest and greatest new products, such as infused edibles and beverages.

With skyrocket growth at the advent of more and more U.S. states legalizing medical and recreational marijuana, the total cannabinoid market is projected to reach $44.8 billion by 2024.

Today there are literally thousands of CBD oil products on the market, so how can consumers choose quality products?

CBD oil is an amazing supplement, but now it’s also an unregulated, fast-growing industry. That means there are unscrupulous scam-artists trying to rip off consumers, too.

Are there signs of quality CBD oil that you can use to determine if it’s reliable or snake oil?

s the illicit market continues to dominate Canada’s pot industry, one company is on a mission to teach provinces how craft cannabis can save the struggling legal regime.

B.C.-based processor Shelter announced last week the launch of its Craft Collective Division, an in-house service designed to assist and promote small farmers into the legal market.

Last week one of the subjects we touched on was the perception of oversupply in the cannabis market and the reality that it’s a bit more complex than companies overgrowing. One of the most important things to keep track of with regards to the Canadian LP and the Marijuana Stock market is not just the supply of cannabis, but the ability to bring that dried flower and finished product to market. To understand why things are the way they are currently we must first understand what the initial goals for Canadian legalization were and the issues that brought us to this point.

Roughly a year and a half ago, Canadian marijuana stocks were expected to take the global lead in making cannabis a mainstream product. But despite having this pole position among developed countries, regulatory and operational issues have caused the Canadian pot industry to face-plant.

The Ontario Cannabis Store generated approximately $4.3 million in sales from cannabis 2.0 products last month, according to a statement issued by the provincial retailer Friday afternoon. 

$3.77 million came from sales of vape products and an additional $569,000 was generated from sales of edibles for the month of January. 

The figures included sales to retailers across the province and online sales through OCS.ca. 

“Every new product we introduce, every price drop we make and every authorized retail store that opens strengthens the legal marketplace,” says Cheri Mara, chief commercial officer at the OCS. 

There are currently 43 cannabis stores in Ontario, according to the latest update from the Alcohol and Gaming Corporation of Ontario. 

Better late than never.

At long last, the Ontario Cannabis Store (OCS) has released its annual report, albeit almost a year after the conclusion of the fiscal year that it covers.

The report details the Crown corporation’s “formative actions, financial performance and significant accomplishments” from Apr. 1, 2018 to Mar. 31, 2019 — about six months before adult-use cannabis became federally legal and six months after, respectively.

Despite the recent closures of two B.C. facilities that resulted in the loss of 500 jobs, Newfoundland and Labrador’s Minister of Tourism, Culture, Industry and Innovation says that Canopy Growth is still moving “full steam ahead” with its planned facility in St John’s, Vocm reports.

Despite numerous challenges that constantly throw this industry on its head, there are many opportunities to make worthwhile investments in cannabis and hemp – and as it becomes increasingly mainstream, these opportunities will grow in abundance and fiscal potential.

Science and pharmaceuticals, engineering of new equipment, marketing, distribution, farming and more, the potential for a rewarding investment (or investments) in the cannabis and hemp sector is infinite. Investors need to remember that market research is the key to making informed financial decisions.