Recreational Marijuana News

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lifestyle
recreational
Wed
06
Jun

All eyes on Canada as first G7 nation prepares to make marijuana legal

From crime to health to business, Canada’s decision to legalize marijuana is a grand progressive experiment that promises to answer a host of questions.

When Canopy Growth opened its first cannabis factory in an old chocolate plant near Ottawa four years ago, it did so predicting a bright future. Canada had already legalized medical marijuana, and Canopy predicted full legalization for recreational use to be next.

Wed
06
Jun

Future Sask. pot sellers assessing how online sales will figure into business model

Province wants online sales kept inside Sask. borders.

Andrew MacCorquodale says Canopy Growth Corporation is going to sell recreational marijuana online when it becomes legal, but how much of the company's business will come through the internet is a wild card.

Canopy emerged as one of the big winners in the lottery to see which applicants get to sell pot legally in Saskatchewan. The company won five of the 51 permits — the largest single allotment in the province.

Canopy already supplies medical marijuana to patients with legal prescriptions. MacCorquodale said it will draw on that model when setting up the recreational side.

MacCorquodale said it's going to be interesting to see how the online side of the business evolves.

Wed
06
Jun

A “watershed moment” is approaching for marijuana stocks, Canaccord Genuity says

Look for June to be groundbreaking on the cannabis front, says analyst Neil Maruoka of Cannacord Genuity, who argues that investors are now flocking to the cannabis sector in expectation that, finally, rec legalization in Canada will become a reality.

Wed
06
Jun

Lloyd takes snapshot on cannabis

Assure Occupational Safety flagged down the latest information on cannabis in the workplace for a day while legislation continues to change at federal, provincial and municipal levels.

The Lloydminster company hosted its Cannabis & Workplace Safety Conference for safety-sensitive employers and company owners at the Royal Hotel on May 29, while Canada’s recreational cannabis legalization bill makes progress in the Senate.

“As cannabis legislation keeps evolving —both governments of Alberta and Saskatchewan have shared with us what they’ve decided and what they know so far today,” said Assure CEO Jon Rokochy at the event.

“There is still more things to be answered, so as details come out in the months ahead we will have updates for the public.”

Wed
06
Jun

'This is what buoys this town': BC's small pot farmers fight for space in legal market

The Kootenays has been growing pot for decades; now locals are worried about losing their grey market.

Patrick Bonin thinks of growing cannabis as a "moral obligation."

He developed a strain that is high in CBD, or cannabidiol, a major component of the plant that has mellowing and pain relieving effects, but low in THC, or tetrahydrocannabinol, the ingredient that gets you high.

He considers his "melatonic" strain a form of medicine, and has used it to treat his own chronic pain from work in the construction industry.

Bonin has a licence to grow — but not sell — marijuana. But that hasn't stopped him from offering up his unique strain as a tincture to local dispensaries — and the stores can't keep it on the shelves.

Wed
06
Jun

A new report on cannabis consumption for Canadians post legalization. Canadians will be looking for the good stuff.

A new report on Cannabis consumption for Canadians by Deloitte Consultants, suggests Canadians will be looking for the good stuff and expert advice in a retailer.

The world is watching as Canada steps into the spotlight as the first G7 country to legalize recreational cannabis nationwide.

Questions that Canadians are mulling over include – What will the legal cannabis market look like?  – How fast will it grow?  – How will public officials balance health, safety, and revenue priorities?  – And who’s going to be buying?

Wed
06
Jun

Calgary festivals prepare to launch weed gardens

But BYOP gardens won't be the cash cows that beer gardens have been.

You've cut loose to the music. You've danced up a storm. You've been to the beer gardens, but are you ready for a pot gardens?

With the legalization of cannabis fast approaching, our city and society are facing some debates over, well, dubage.

A host of Calgary summer festivals are gearing up to throw open their gates and welcome thousands of patrons to outdoor events that combine every conceivable musical genre, fireworks, culinary delight and culture. But there's the question of where legalized weed fits into all this summertime frivolity?

Wed
06
Jun

Senate aims to stymie criminals using tax havens to infiltrate legal pot market

The Senate wants to ensure that organized crime doesn't use offshore tax havens to wind up secretly controlling the recreational marijuana market in Canada once cannabis is legalized.

Senators voted 45-29 on Tuesday to amend the Liberal government's cannabis legalization bill to require that any company licensed to grow marijuana must publicly disclose all its shareholders or executive members who are not based in Canada.

They also approved, by a close vote of 39-36, another amendment that would specify that police who seize cannabis plants don't have to keep them alive.

That brings to 43 the number of amendments the Senate has so far approved to Bill C-45. And there are likely to be more before the bill is put to final vote in the upper house on Thursday.

Tue
05
Jun

Canadians will spend up to $7B on cannabis in 2019, Deloitte predicts

Between $500M and $1B of those sales expected to be illegal, report says.

After cannabis is legalized throughout Canada later this year, Canadians are expected to increase their consumption of the drug by up to 35 per cent and spend as much as $7 billion on legal and illegal sales in 2019.

Accounting firm Deloitte makes those predictions in a new report based on an online survey of 1,500 adults living in Canada's 10 provinces conducted between March 6 and March 20. The survey didn't include residents of territories.

Legal cannabis sales are expected to reach up to $4.34 billion, while illegal sales could be anywhere from $510 million to $1.04 billion, and medical cannabis could account for between $770 million and $1.79 billion of the market, the report says.

Tue
05
Jun

Two-thirds of current pot users will switch to legal retailers, survey suggests

Canadians who currently use cannabis expect to buy nearly two-thirds of their pot from legal retailers once recreational marijuana becomes legal in Canada, a new survey suggests.

Moreover, respondents to the survey say they expect to buy cannabis more often and are prepared to pay more for the legal product, generating up to $4.34 billion in total sales next year.

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The findings were drawn from an online survey of 1,500 Canadians, conducted by Asking Canadians from March 6-20.

It was commissioned by accounting giant Deloitte, which provides audit, consulting, financial advisory, risk management and tax services for its clients.

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