Vancouver, British Columbia-based Yield Growth is working in the cannabis wellness products market. By January 31, just one month after its retail sales launch, Yield Growth announced its Urban Juve skin care products were available for purchase in 20 retail locations across Canada.

New Hampshire, Florida move bills to legalize recreational cannabis 

According to the recent release of statistics data by the national statistics agency, the highest sales numbers of cannabis are made by Atlantic Canadians. In their study, Statistics Canada agency analyzed legal cannabis purchase rates for each Canadian province for the first quarter year of pot legalization up to the end of the year 2018.

They found that the residents of Prince Edward Island spend the most on legal cannabis (average of $21.95 per capita) after then come in second the residents of Nova Scotia, who spend on average $17.87 on pot. These data coincide with the study of purchase rates for the first six weeks of legalization, where the results showed the same two provinces with the highest rates of pot sales per capita.

Hemp seeds, or hemp hearts, are the seeds of the hemp plant, or Cannabis sativa. Although marijuana comes from the same plant, hemp seeds only contain a trace amount of THC, the active ingredient in marijuana, and they will not get you high. In fact, hemp seeds are safe and very healthy to eat. Hemp Seeds are a gift of nature. They are the most nutritious seed in the world.

Hemp Seeds are a complete protein. They have the most concentrated balance of proteins, essential fats, vitamins and enzymes combined with a relative absence of sugar, starches and saturated fats.

In the first months following Canada’s legalization of cannabis, the industry has recorded more than $150 million in retail sales with Alberta leading the way according to Statistics Canada.

As of the end of February, there are 75 retail cannabis stores operating in Alberta, 24 of which are in Calgary. The province’s stores have combined to sell $33 million worth of legal marijuana since October 17, 2018.

Alberta’s place at the top of marijuana sales comes as little surprise to industry experts as the province’s store numbers dwarfs all other provinces. Newfoundland has the second-most cannabis stores in Canada with 25 retail outlets currently operating while other provinces have yet to open a single cannabis store.

Canadians have had access to legal recreational cannabis for more than four months and, at this point, prices across the country vary somewhat from province to province.  So how much does a gram of weed cost across Canada?

“Each province and territory in Canada controls distribution, with many of them being the sole distributor of cannabis, similar to alcohol,” explains Lisa Campbell, CEO of Lifford Cannabis Solutions, a cannabis brand agency. “As such, each supplier negotiates rates, which are subject to the federal excise tax, as well as different provincial taxes.”

The race to corner the CBD market is now heating up. Canadian pot maker Tilray Inc. (NASDAQ:TLRY) recently announced that it would acquire hemp food company Manitoba Harvest for $317 million in cash and stock. With this acquisition, Tilray says it plans to launch CBD-derived products in the US as early as this summer.

Nobody could have assumed it back when predictions were being made before legalization, but British Columbia isn’t really pulling in much money from the recreational cannabis industry.

Seeing how B.C. was always seen as Canada’s California when it comes to weed quality, the inability to make profits in the cannabis industry has caught many by surprise.

Others, however, have long foreseen this problem and warned of the incoming uphill battle against the black market growers and dealers.

Growers had nowhere to go

The problem with illegal cannabis flooding the streets of British Columbia is not a new one. In fact, it’s been going on for a while now.

Thanks to growing acceptance, including Canada’s legalization in 2018, further U.S. state approval, and growing interest from corporate America the global cannabis market could reach $194 billion global market, according to the Bank of Montreal, as noted by Business Insider.

One area seeing a major impact from the boom is the alcohol industry.

A Yukon organization is headed to Ulukhaktok, N.W.T., on Tuesday to put on a workshop for young people that includes a full day on safe partying.

BYTE-Empowering Youth's two-day workshop called "MOVE! Youth Ending Violence" offers young people ways to address various issues in their community.

"It's going to very beneficial to our young adults that are in the community, as the community has been having a problem with alcohol for a bit now," said Derek Squirrel, recreation co-ordinator for the hamlet of Ulukhaktok.

"It's going to be nice to bring the youth in to focus on the issues of alcohol, and marijuana, now that it is legal."