It might be called the black and blue market by the time Alberta is done with it. The Canadian province’s online retailer, AlbertaCannabis.org, is stepping up efforts to combat illicit cannabis by slashing product prices in the lead up to the arrival of edibles in the new year. “Prices on all products have been reduced to better provide affordable, safe cannabis,” Alberta…
The big day that we’ve all been waiting for is nearly here in Canada. Following the commencement of recreational cannabis sales on Oct. 17, 2018, and the implementation of regulations regarding marijuana derivatives exactly one year later (Oct. 17, 2019), we’re now just days away from these alternative consumption options officially hitting dispensary shelves. There’s obvious excitement surrounding derivatives, such as edibles,…
Yukoners led Canadians in buying the most legal pot per capita from retail stores in the first year of legalization, according to a study released by Statistics Canada. The report on retail pot sales in Canada — online or in person — shows that between October 2018 and September 2019, Yukoners spent an average of $103 per person, generating $4.2 million in total sales. Prince…
The B.C. government hopes weak cannabis sales will rebound as the province reaches a “critical mass” of public and private stores in the coming months, says the minister responsible. Solicitor General Mike Farnworth said he’s not worried that the most recent second-quarter financial update shows cannabis revenue $18 million below the projected $38 million from the provincial share of the…
Albertans purchased nearly $200 million worth of legal pot in the first 11 months of legalization, making it the biggest per capita consumer among larger provinces. Statistics Canada figures released Wednesday show Albertans bought $196 million worth of cannabis from privately operated stores and a government-run website from October 2018 to September 2019. That represents 22 per cent of national…
Marijuana stocks have taken investors for a wild ride in 2019. When the first quarter came to a close, more than a dozen of the most popular pot stocks had gained at least 70%, and the expectation was that numerous cannabis stocks would be pushing toward profitability by year’s end. However, now that we’re just weeks from the end of…
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 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. In 2019 people Googled CBD more times than they Googled dieting, with analysts clumping the term with other…
Ontario is thinking about changing the lottery system being used to award cannabis retail licenses after the first year of legalization saw only 24 outlets open, with critics panning the lack of access for consumers The province has sold $216.8 million of cannabis in the first year of legalization according to analysis by BNN Bloomberg. However, the province has lost…
When the curtain finally closes on 2019, it’ll probably go down as the worst year on record for marijuana stocks. After beginning the year with more than a dozen popular pot stocks gaining in excess of 70%, a vast majority wound up losing at least half of their value, if not more, since the end of March. If there’s a…
Canada’s top per-capita cannabis seller won’t be getting a head start on selling cannabis edibles, extracts and topicals. Alberta Gaming, Liquor and Cannabis (AGLC) reports that Alberta will have to wait until the new year before selling Cannabis 2.0 products. But, the delay wasn’t a surprise. “It’s the quickest timeline for AGLC to order and receive product from LPs (licensed…
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…