Analyst Coverage

City has spent more than $6.9M on cannabis-related costs since legalization

The city says it has incurred more than $6.9 million in cannabis-related costs since legalization last year — an amount that does not include spending on preparations undertaken in the six months prior to legal weed. The cost of responding to legalization has so far exceeded the $3.84 million that was provided to Calgary through the province’s Municipal Cannabis Transition…

B.C. public safety minister says cannabis edibles not in stores til January

B.C.’s solicitor general says the province wants to see as much small-scale production as possible for marijuana edibles to allow for regional economic development. “I don’t want it to be dominated by one or two large-scale variety of producers,” Mike Farnworth said Friday. “I think there’s room in this market for a considerable variety or product and a considerable variety…

Ontario pot smokers flock to black market a year after legalization

The black market for recreational weed in Ontario is not going anywhere soon. With just two dozen stores scattered throughout the province, along with the government-run and online-only Ontario Cannabis Store, residents seeking a high rely mainly illicit sources of pot a year after the federal government legalized its consumption. “I would argue that 80% is illicit in Ontario,” said…

Cannabis 2.0 is upon us, but are retailers ready for the influx of new products?

Sitting on a bench outside the Hunny Pot, the first cannabis retailer to open its doors in Toronto, three friends spark a pre-rolled joint they bought inside only moments earlier. This scene wouldn’t have been possible little more than a year ago. Smoking cannabis in public wasn’t legal, neither was buying it in brick-and-mortar shops. Back then, the retail space…

O’Cannabis: On the first anniversary of legalization, a cross-country snapshot of where we stand

October 17, 2019, marks the first anniversary of the legalization of cannabis federally in Canada, and the date when the second phase of products — edibles, extracts, topicals and some other alternative cannabis products also become legal.  Each province and territory were handed the reins for rolling out legalization, and the results in terms of access to legal marijuana are…

Cannabis industry contributed to spike in home prices, housing shortages: survey

Canada’s booming cannabis industry has led to a spike in housing prices and home shortages in some regions, according to a new report from RE/MAX. For example, Smiths Falls, Ont. — home to Canopy Growth, which Bloomberg dubbed the largest cannabis producer in the world — now employs 1,300 people. An unintended consequence of that employment growth is a shortage…

Would-be London pot shop chopped as regulator lottery winner disqualified

A winner from Ontario’s second pot lottery who was planning to open a cannabis retail store in northwest London has been disqualified. Robert Chomiak submitted a proposal to open a recreational pot shop in a commercial plaza at 1310 Fanshawe Park Rd. W. in Hyde Park. There already are three brick-and-mortar marijauana stores operating in London – the only municipality…

Amherstburg, Ont. finalizes rules for future pot production facilities

The Town of Amherstburg made another pot-positive move Tuesday evening with the approval of new regulations for future cannabis production facilities. With no federal guidelines telling municipalities where industry-level marijuana cultivators can and cannot set up shop, the town created its own zoning bylaw amendment for licensed growers looking to move to Amherstburg. “It’s nice to set ourselves up for…