Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Wed
09
Sep

‘It’s going to hurt’: Canada’s cannabis industry struggles to find footing in age of COVID-19

Canada’s economy added 245,800 jobs in August but the cannabis industry remains on shaky ground.

Wed
09
Sep

Aurora Cannabis gets new CEO, expects up to $1.8B writedown

Aurora Cannabis Inc. warned Tuesday it expects to record a writedown of up to $1.8 billion in its fourth quarter, and announced it is promoting Miguel Martin, the company's head of U.S. operations, to the role of chief executive officer.

Tue
08
Sep

Open-air weed grow with 5,000 plants illegal, even in Canada: RCMP

It’s perfectly legal for Canadian adults 19 and older to grow as many as four cannabis plants in a residence for personal use, but cultivating 5,000 pot plants on a B.C. mountainside is simply pushing things too far.

Apparently, that was a message that bore repeating by the Lytton RCMP when officers carrying out aerial operations had little problem spotting the sizeable grow near the Fraser Valley town in late August.

Tue
08
Sep

What Does This Recent Milestone for Canadian Pot Companies Mean for Investors?

Canada updated its quarterly sales numbers for the nationwide cannabis industry on Sep. 4. During the second quarter, which lasted from April to June, household spending on unlicensed cannabis totaled 785 million Canadian dollars and was down 4.7% from the previous quarter. This number has declined in every period since the recreational market opened in Canada on October 17, 2018. In the legal market, CA$648 million was spent on recreational pot and CA$155 million was spent on medicinal marijuana, combining for a total of CA$803 million.

Thu
03
Sep

Beware when shopping for cannabis online

It's legal, and now you can buy it anywhere. But if during the pandemic you started ordering pot – like everything else—online, you may have run into some problems.

That's what happened to one Port Alberni man, who asked McLaughlin On Your Side not to identify him. He'd ordered cannabis online before, and decided to try Hello Ganja, a site based out of the United States. 

The site offered a 25 per cent discount on larger orders. 

"I noticed if I bought bulk I could get a fairly decent price, but of course that costs more," he told CTV News.

So the man ordered thousands of dollars' worth of cannabis from the company, expecting it to be shipped to his home. But the package never showed up at his door. 

Thu
03
Sep

Cannabis retailers ask RCMP to enforce illicit market activity on Weedmaps

Several prominent Canadian cannabis retailers are asking the Royal Canadian Mounted Police to take a hard look into Weedmaps to stamp out illicit marijuana operators on the popular online platform. 

The letter, co-signed by the heads of eight cannabis retailers including High Tide Inc. and Superette Inc., said that more work needs to be done to shut down the proliferation of illicit cannabis dispensaries and delivery services across Canada. The signatories focused their attention on Weedmaps, a website that operates as a platform for both legal and illicit dispensaries and delivery services in the letter delivered on Monday to RCMP Commissioner Brenda Lucki and Deputy Commissioner Michael Duheme. 

Tue
01
Sep

Helping military veterans address PTSD focus of planned Canadian study

Avail Cannabis is looking to launch an observational study about post-traumatic stress disorder (PTSD) and wants Canadian military veterans to be the focus.

Tue
01
Sep

Are Canadians finally warming up to legal weed? Survey says yes

Canadian cannabis consumers spent more on legal products for the first time earlier this year, according to

Tue
01
Sep

Canada Opened 46 Cannabis Retail Stores In August

The growth of physical retail space in the Canadian cannabis space remains inconsistent, but it is still moving in the right direction, BofA Securities said in a note.

The Analyst: Bryan Spillane details findings of the research firm's bi-weekly Canada cannabis retail store tracker.

Mon
31
Aug

StatsCan: Legal pot spending beat black market for first time in Q2

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. 

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