Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Mon
29
Oct

Marijuana shortages abound in Canada amid license rigmarole

The Canadian cannabis industry is still reeling from sky-high demand in the second week of legalization, with growers expressing frustration at the length of time it’s taking to get licensed as shelves sit empty.

“We’re biting our nails and I think our shareholders are biting their nails too,” said Anthony Durkacz, director at FSD Pharma Inc., an Ontario-based producer that received its cultivation license a year ago and is still waiting for its sales license. “We want to be supplying.”

Mon
29
Oct

Canada firm developing beer brewed from pot

Interest from alcohol giants like Constellation Brands Inc. and Molson Coors Brewing Co. has made cannabis-infused beverages the most talked-about product in the pot industry, but there's one widely acknowledged problem: They taste awful.

A tiny Canadian company thinks it's found a solution. Instead of infusing a drink with cannabinoids like THC or CBD, then masking the oily, bitter concoction with sugar as many beverage makers do in the U.S., Province Brands of Canada is developing beer brewed from the cannabis plant.

Mon
29
Oct

Smoke on the border: Canada pot rules differ from US

Tourists thinking of enhancing a boat ride across Waterton Lake with some recreational marijuana next summer better be aware of two things.

First, while Canada has legalized cannabis for general use it remains illegal to take it across the U.S. international border. And second, tour boats sailing out of Waterton Lakes National Park and into Glacier National Park don’t allow smoking of anything onboard, from tobacco to weed.

“We did not do this to become the world of partying for people who like cannabis,” Canadian Consul General Stephane Lessard said in an interview with the Missoulian. “People should be responsible. It’s like responsible drinking. Use common sense. Stay within the law.”

Fri
26
Oct

NHL Alumni Association ‘all-in’ on cannabis research

The executive director of the NHL Alumni Association says he’s “all-in” when it comes to finding out if cannabis will be able to one day replace opioid-based painkillers.

Speaking at an event earlier this week, Glenn Healy said he’s spent the past 10 months investigating whether marijuana, which became legal in Canada on Oct. 17, can help former players.

But Healy cautioned the alumni association isn’t there yet.

Fri
26
Oct

Is Canopy Growth Corp (TSX:WEED) a steal at $50?

Canopy Growth (TSX:WEED)(NYSE:CGC) and other pot stocks have been tumbling recently. The popular cannabis stock has fallen hard recently, dropping close to 20% over the past month to under $50 as of yesterday’s close, which is well off the more than $70 it was trading at just weeks ago.

The big question for investors is whether this is part of a bigger sell-off of cannabis stocks, or if this is just a bump in the road, not unlike what we’ve seen earlier this year.

Fri
26
Oct

Your ultimate province-by-province guide for buying cannabis in Canada

When legalization begins Wednesday, Oct. 17, the only legal purchasable marijuana will be fresh or dried bud, oil, plants and seeds. The federal government is promising to spend the next year developing regulations around edibles (predicted by Deloitte to eat up 60% of the market when legal) and concentrates.

Fri
26
Oct

Canadian cannabis businesses should think twice before travelling south

Shifting statements from U.S. border officials have prompted some Canadian cannabis industry players to think twice about travelling south of the border, just weeks before a significant pot industry conference in Las Vegas.

Fri
26
Oct

Shopify plots online cannabis-sales domination after Canada's debut

Shopify Inc.’s (SHOP.N, SHOP.TO 12.13%) market lead in Canadian online cannabis sales should give it a leg up as other countries begin to legalize the drug for medical and recreational use, Chief Executive Officer Tobias Lutke said.

Fri
26
Oct

Harsh new marijuana laws in Canada are taking effect soon and this is what's going to change

Marijuana has been legal in Canada for over a week and already there have been a few problems. Police have already fined Canadians for driving high, and with the more frequent roadblocks and highway surveillence we can expect more charges to be handed out in the following weeks.

On top of that, most legal stores are already running out of product. Needless to say, it's a rocky start. Things are only going to get worse though, as the federal government is imposing new cannabis laws that are much more strict than before. The new laws will take effect on December 18 and for the most part concern impaired driving.

Thu
25
Oct

Cannabis NB sales totalled nearly $945K within 48 hours of legalization

Cannabis NB sold nearly $945,000 worth of marijuana within the first 48 hours of legalization last week, president and CEO Brian Harriman announced Wednesday.

In-store sales on Oct. 17 and 18 accounted for the bulk of that, at $872,758, compared to online purchases of $71,083, including taxes and delivery fees.

The biggest buyers were in the Fredericton and Oromocto area, where $172,975 worth of various cannabis products were purchased. Saint John and Rothesay were close behind at $148,197, followed by Moncton and Dieppe at $145,547. No sales data for the rest of the week has been released. By comparison, NB Liquor's average two-day sales of alcohol during that time of year is about $2.5 million.

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