Canopy Growth Corp. has begun opening several of its 10 new locations in Alberta, with seven of those in Calgary. 

The Ontario-based company says Tokyo Smoke and Tweed will be the names of its Alberta stores.

“We feel it is the right time to come into the market,” said Margo Mulitsa, district manager for Alberta. 

“We are thrilled to bring that experience to our guests, and be a part of this market.”

The Alberta Gaming Liquor and Cannabis Commission says there are 516 licensed retailers province-wide with 126 of those located in Calgary. 

“There is no cap or limit on the number of stores that can operate in Alberta at this time; the market will essentially dictate that,” said spokesperson Heather Holmen. 

It is official. There are now more CBD companies in this world than people.

Okay, maybe not really…

Putting hyperbole aside, the CBD industry is extremely oversaturated. Thousands of CBD companies have emerged in the United States in the past few years, trying to take advantage of the industry’s immense popularity. But without being able to distinguish themselves, many of these brands will be very short-lived.

The CBD rush

In 2018, CBD was legalized and a brilliant idea popped into the head of thousands of entrepreneurs: I should start a CBD company! The problem is: There are thousands of CBD companies and most don’t have a single unique value proposition that distinguishes them from the others.

Canadian household spending on legal cannabis in the second quarter of the year outpaced the illicit market for the first time, marking a significant milestone for the licensed pot industry.

Statistics Canada said Friday that Canadian household spending on recreational cannabis reached $648 million in the second quarter of 2020, an increase of 74 per cent from the same period last year. Meanwhile, spending on medical cannabis was flat at $155 million in the second quarter, StatsCan said. 

Canadian household spending on illicit cannabis fell to a new low of $784 million in the second quarter, StatsCan added. Taken together, the legal cannabis market now accounts for 50.5 per cent of all pot-related spending in Canada. 

If you don’t know about the Accountability List, you should — especially if you own, lead or work for a cannabis business in America.

In many states, dispensaries are essential businesses during the pandemic. Here are some of the most common safety measures they’ve implemented.

Even though dispensaries are considered essential businesses, the pandemic has still affected them. Just like any other business, marijuana retailers are enforcing new safety measure to keep you COVID-free. Here are just a few of the precautions they’ve implemented.

Canopy Growth Corp. says it will open its first retail cannabis stores in Alberta.

The Ontario-based company says it's set to open 10 stores under the Tweed and Tokyo Smoke banners and has additional locations in the pipeline.

The stores, which are to open over the next week, include seven locations in Calgary, one each in Spruce Grove, Lethbridge and Edmonton.

Canopy says it will create more than 100 jobs in Alberta.

Canopy is one of Canada's largest cannabis producers and retailers.

The company says the expansion into Alberta will bring its number of retail locations across Canada to a total of 50, with more planned later this year.

In a first for Canada’s nascent legal cannabis industry, recent labour action by Dominion grocery store workers has shuttered over a third of Newfoundland and Labrador’s brick-and-mortar cannabis stores.

The first industrially-zoned cannabis facility approved by the City of Delta is now up for sale.

The 25,000 square-foot facility, licensed for cannabis cultivation, processing, and medical sales, is owned by Zenabis Global.

One aspect of the legalization of cannabis, is its entrance into the world of asset trading. A lot is being said about cannabis as a commodity, especially in comparison to gold. Which is worth more, and can cannabis show the same stability as gold over time?

With the COVID-19 pandemic firmly in place, industries relying on events are being forced to not only rethink their marketing and promotion strategies, they are also seeing a demand to take their shows online by innovating reactive, virtual platforms.