Marijuana Business News

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Tue
05
Nov

Vancouver city council to consider regulations on sale of vape products, ads

A motion being brought before Vancouver city council on Tuesday will look at regulations on the sale and advertisement of vaping and vape-related products.

Currently, the City of Vancouver does not impose restrictions on where vape retail shops can be located in the same way that it does with liquor stores or cannabis shops. There is also no license category for retailers selling vape products.

Tue
05
Nov

Edmonton city councillor calls for more cannabis laws ahead of edibles rollout

Edmonton city councillor Mike Nickel thinks towns across the country are neglecting regulations for cannabis cafes.

“Cannabis lounges are going to come,” he told Global News. “No other place in the country right now, I don’t think, has enabled in their bylaws the concept of a cannabis lounge, so we’re breaking new ground here.”

Council will debate Nickel’s motion in their upcoming meeting on Tuesday.

“If it’s a legitimate product, then we have to see it consumed responsibly,” he said.

“This is an opportunity to talk about how we can grow some business in town.”

Mon
04
Nov

Cannabis Canada: Pot industry added nearly $8B to GDP in August, StatsCan says

Cannabis sales in Canada expected to double next year to $3.16B: analyst 

Mon
04
Nov

The scariest statistic pot stock investors will ever see

At this time last year, marijuana stocks were practically unstoppable -- and for good reason. Just two weeks prior, on Oct. 17, 2018, Canada had officially become the first industrialized country to wave the green flag on recreational marijuana sales. Revenue and profit projections were lofty coming out of the gate, and with billions of dollars in annual sales being conducted in the black market, it only seemed logical that the legal market would scoop up this revenue with relative ease.

But absolutely nothing since Oct. 17, 2018 can be aptly described as "easy" for the Canadian cannabis industry.

Mon
04
Nov

Sky-high prices sending medical marijuana users to black market

Medical marijuana users and their advocates say steep price increases since legalization, coupled with obstacles to access, are forcing many patients to turn to the illegal market.  

According to a survey commissioned by the Arthritis Society, there are as many medical cannabis users getting their prescriptions from illegal sources as legal ones, while two-thirds say they're rationing their supply of the drug due to worries about both access and cost.

It's harder to get medical cannabis, which was legal first, than it is to get recreational marijuana.- Janet Yale, Arthritis Society

Mon
04
Nov

Canopy in talks to open Tokyo Smoke store on Toronto's Mink Mile

The world’s biggest pot company is planning to set up shop on Toronto’s Mink Mile.

A spokesperson from Canopy Growth Corp. confirmed to BNN Bloomberg that the pot giant is in advanced negotiations with a cannabis retail licence applicant to open a Tokyo Smoke store at One Bloor Street East, located at one of the busiest intersections in the country.

“We have ambitious retail plans across the country that we're actively pursuing,” the Canopy spokesperson told BNN Bloomberg in an email.

An updated list from the Alcohol and Gaming Commission of Ontario, the provincial regulator in charge of issuing cannabis retail licences, shows that 11180673 Canada Inc. changed its proposed store location to One Bloor Street East late Thursday.

Mon
04
Nov

5 big surprises that rocked the cannabis industry this year

It's been a little over a year since Canada legalized marijuana for recreational use. Oct. 17 also marked the opening of the new cannabis market in Canada that will include beverages and other derivatives, although products won't be available to purchase until at least December. While there will be some challenges ahead for the new segment of the cannabis market, it's hard to imagine the next 12 months will be as hectic as the past year has been.

Let's look at five of the biggest surprises that have weighed on the industry since legalization took effect in Canada.

Fri
01
Nov

3 marijuana stocks to avoid like the plague in November

Over the next decade, investors would struggle to find a more attractive growth opportunity than legal marijuana. This is an industry that has the potential to see sales grow fivefold to 18-fold by 2030 from the $10.9 billion in worldwide sales recorded in 2018.

But it's also an industry that has a lot of growing up to do. Between supply issues in Canada, high tax rates in select U.S. states, and a persistent black market throughout North America, pot stocks have gone up in smoke in recent months.

While some of these cannabis stocks may look like genuine bargains, others should still be avoided for the immediate future. Here are three marijuana stocks that are best left on the shelf in November.

Fri
01
Nov

Cannabis beer: grant to study and develop innovative yeasts

Province Brands of Canada, developers of the world’s first and only beers brewed from the cannabis plant, will join with Western University (WU) to study and develop innovative yeasts.

Fri
01
Nov

'Built for success': Canopy's big bet on pot drinks looms ahead of launch

Innocuously tucked inside Canopy Growth Corp.’s cavernous, custom-built bottling facility is a series of four vats which may be the most important pieces of equipment the pot giant owns.

The series of stainless steel containers will each contain more than 300 litres of cannabis resin, the crucial ingredient at the centre of Canopy’s infused beverage plans which it hopes will usher in a new category of spirits and drive in millions of dollars in new revenue.

“Those will contain millions of dollars worth of cannabis soon,” said Mark Zekulin, chief executive officer of Canopy Growth, during a tour of the company’s bottling and chocolate facilities on Tuesday.

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