Jeff Weaver has been jumping through the legal hoops required to set up Jimmy’s Cannabis shop in Cranbrook, B.C., but now an image of a famous Mountie Weaver used to cover one of the shop’s windows has caught the attention of law enforcement. Cannabis stores in B.C. are required to cover their windows so the interior can’t be seen from the…
Cannabis stocks have had a tough year. Since the summer, most marijuana ETFs have been cut in half. Yet the long-term promise remains clear. Many analysts expect global sales to hit $100 billion by 2030, representing 1,000% growth. If you want to invest in cannabis stocks, it pays to have a multi-year vision. Still, short-term market gyrations can make some…
Hundreds of recreational cannabis edibles, extracts and topicals will hit B.C. shelves soon but it’s unclear whether that will be in time to bring Christmas cheer. Regulations to make those products legal came into effect on Oct. 17, 2019, one year after the federal legalization of dried cannabis, oil and seeds. But producers weren’t immediately able to ship them to…
The European Union’s nascent medical cannabis market is ready to expand with Canadian cannabis cultivators. New Frontier Data estimates that the potential European market for legal medical cannabis exceeds $42bn (~€38.02bn).1 Currently, Europe does not cultivate enough cannabis to supply the existing and growing demand. In order to meet market needs for medical cannabis the EU must supplement locally produced…
The province is suing to have a $1.83-million Langley property forfeited, alleging it has been used to produce drugs and launder money. In a B.C. Civil Forfeiture Office suit filed in B.C. Supreme Court on Oct. 29, named are a numbered company that owns the property, 0671262 B.C. Ltd., and Milan Pocuca, the company’s sole director and “controlling mind.” Also…
American and Canadian marijuana stocks alike have had an absolutely terrible 2019. Bureaucratic red tape in Canada has led to a painfully slow rollout of brick-and-mortar retail locations in key provinces like Ontario, whereas sky-high tax rates in the U.S. have kept the black market firmly in business in all-important states such as California. The net result is that several…
November is nothing but a memory now. For many cannabis-focused investors, that’s a good thing. Most marijuana stocks again delivered dismal results last month. But three marijuana stocks performed quite well in November. Curaleaf Holdings (OTC:CURLF), Trulieve Cannabis (OTC:TCNNF), and Green Thumb Industries (OTC:GTBIF) chalked up strong double-digit percentage gains. Here’s how these three stocks succeeded while most of their…
When Alycia Walker worked as a publicist at an agency in downtown Toronto, she yearned to trade the towers and traffic for trees and tranquillity without giving up her marketing career. “My husband and I were looking to get out of the city,” she says. “He owns his own landscaping company and we’ve been long-time cottagers in Muskoka, so we…
Canadian licensed producer Zenabis has increased its market share in the New Brunswick cannabis market since launching Re-Up, a lower-cost brand of flower and pre-rolls. The Atholville, N.B.-based company has produced data indicating a 38 percent market share of sales in Cannabis NB stores across the province for the period concluding in October 2019. The number indicates a spike in…
The marijuana stock market has definitely seen better days than those of the past few months. At that time, many companies have seen their values drop down quite substantially. This is not to say that some pot stocks have not witnessed growth in that time. Many of the most unknown companies in the industry have been able to escape the…
Cannabis products have been legal in Canada for a year now. In 2018, Canada legalized marijuana for recreational purposes. This year, Canada included edibles, beverages, topicals, and concentrates in the second phase of legalization. Deloitte estimates the cannabis beverage market could be worth 529 million Canadian dollars annually in Canada. Let see why Canadians are anticipating the introduction of cannabis…
LYF Food Technologies Inc., a mass food manufacturer in Canada, is on the verge of receiving a licence to produce cannabis edibles. The company applied for the licence in February and hopes to have a facility ready in two weeks to start pumping out pot products. “Our team has worked tirelessly over the last two years to bring this dream…