Sales of cannabis products in the Northwest Territories have nearly tripled in just three years, according to data from the Northwest Territories Liquor and Cannabis Commission (NWTLCC).

The NWTLCC publishes quarterly reports on the sale of liquor and cannabis in the territory. In the first quarter of 2018, NWT residents bought about $688,000 worth of cannabis products. By the last quarter of 2021, that figure had risen to nearly $1.9 million.

Dried cannabis continues to account for the bulk of sales. In the first three quarters of the current fiscal year, which ends March 31, dried cannabis generated $4.1 million — or about 77 per cent — of all sales. Inhaled cannabis extracts were also popular, accounting for about $774,000, or 14 per cent of sales.

The city now boasts a handful of dispensaries; VPD says it is focused on gang-fuelled trafficking of opioids

In the City of Vancouver, buying magic mushrooms, in at least one case, can be as easy as ordering your morning cup of coffee. 

In a development reminiscent of its first unlicensed pot cafés, the city has seen a recent shroom boom with at least four new dispensaries openly setting up shop: two in downtown Vancouver, one on Commercial Drive and another on the Downtown Eastside.

Many of them tout the benefits of psilocybin, an hallucinogenic compound found in mushrooms that the medical community has been studying for its therapeutic use in treating mental health conditions and end-of-life distress.

CannTrust settles all class action lawsuits

After settling all class action litigation against it and restoring its growing licences, cannabis grower CannTrust has new investment partners.

The company, with operations on Balfour Road in Pelham and in Vaughan, said the partner is Marshall Fields International B.V., a subsidiary of Kenzoll B.V., a Netherlands-based private equity investment company.

“CannTrust is a high-quality investment opportunity,” said Kenzoll B.V. owner Corné Melissen in a release.

“We’ve been consistently impressed with the current business, its operations and management team, and we’re excited to be working together.”

The Ontario-based company is appealing the $434,611 fine to the federal court, arguing that it had complied with all its obligations required by both Health Canada and the CRA

 Canadian cannabis company Canopy Growth was fined nearly half-a-million dollars in 2020 by the Canada Revenue Agency because it began growing plants on an outdoor farm before receiving its licence from the agency, National Post has learned.

Now, the Ontario-based company is appealing the $434,611 fine to the federal court, arguing that it had complied with all its obligations required by both Health Canada and the CRA contrary to the latter’s claims.

Relative category performance is nearly double among Canadians compared to Americans

Canadians seem to be whetting their whistles on pot-infused beverages more than their neighbours to the south, according to a new report.

On Wednesday, data firm Headset released an analysis of 2020–2022 cannabis beverage trends in the Canadian and American markets.

With a longer history of beverages in the U.S., the report’s authors say the sector has grown slow but more consistently there.

But in Canada, overall growth for the category is stronger. In January 2020, the country’s first infused bevvies hit the market, and reached 1.8-per-cent market share by the end of the year. Drink sales kept rising, reaching a total market share of 2.1 per cent by the end of 2021.

The company says it’s well positioned for domestic and international growth

IM Cannabis Corp. (CSE: IMCC) (Nasdaq: IMCC) — a company with operations in Canada, Germany and Israel — is projecting record revenue in its upcoming earnings report.

Cannabis will be grown in three greenhouses on property near Blissful Beach community

A cannabis production facility has been approved in Lacombe County near Blissful Beach on Sylvan Lake.

The county’s municipal planning commission unanimously approved a three-year development permit for father and son cannabis producers Kim and Ben Schmitt.

For the past three years, the Schmitts have been producing cannabis under a Health Canada Access to Cannabis for Medical Purposes licence, which does not require municipal approval.

However, they want to branch into production of recreational cannabis, which does require a sign off from the county.

Heartnut Grove WWT Inc. subsidiary of Water Ways Technologies Inc. (FRA:WWT) received two orders to design and construct complete smart irrigation and fertigation projects.

The first project will be deployed to a field of 34 hectares to grow apples in southern Ontario. The second project was ordered by a recurring customer and will be deployed to tomato cultivation. (Benzinga article)

The Company Continues to Expand Organically in Strategic International Markets