Dispensary News

London Cannabis Store Staff Plead Guilty to Possession for Selling

London pot store staff plead guilty to possession for selling JANE SIMS The London Relief Centre, a marijuana dispensary located at 691 Richmond St. DALE CARRUTHERS / THE LONDON FREE PRESS

Article by Jane Sims, London Free Press People caught up in police raids of London pot dispensaries last year are facing sentencing in the new year. On Wednesday, seven people pleaded guilty under the Cannabis Act to possession of cannabis for the purpose of selling it, joining eight other guilty pleas in related cases. More are coming and all of ...

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How the Ontario Cannabis Store Lost $42 Million Last Year

How the Ontario Cannabis Retail Corp lost $42 million last year According to Ontario’s provincial cannabis retailer, you have to spend money to make money The OCRC reported about $63.9 million in sales for the year ended March 31, 2019, with approximately $57.3 million coming from e-commerce and the other $6.6 million from wholesaling to private retail stores.Bloomberg Geoff Zochodne

Article by Geoff Zochodne, Financial Post According to Ontario’s provincial cannabis retailer, you have to spend money to make money. That’s the explanation the Ontario Cannabis Retail Corp. — the provincial Crown corporation that does business as the Ontario Cannabis Store — is giving after reporting a $42-million shortfall for the year ended March 31. “Many entities in the legal ...

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Weedora, an Unlicensed Cannabis Store in Toronto, Hands Out $200k in Vouchers for Free Weed

BUSINESS Weedora, an unlicensed cannabis store in Toronto, hands out $200k in vouchers for free weed Several unlicensed pot shops, including CAFE, were open for business this weekend in defiance of the city’s efforts to keep them shuttered By Emma Spears City bylaw officers and Toronto police guard the entrance of the Bloor St. W. location of the CAFE cannabis dispensary, a chain of black market pot retailers in Toronto, Ont. on Thursday, July 18 2019. Bryan Passifiume/Toronto Sun

Article by Emma Spears, Growth Op Several unlicensed cannabis dispensaries in Toronto opened for business this weekend in defiance of the city’s efforts to keep them shuttered. Weedora, an illicit pot business owned by Chris James, even claimed to distribute $200,000 in $100 vouchers for free cannabis. The owner claims he made the move in protest and to bring attention to the ...

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B.C. Government Bans Promoting Cannabis in Licensed Establishments

Hospitality, Marketing & Tourism B.C. government bans promoting cannabis in licensed establishments Liquor and Cannabis Regulation Branch issued the directive late on September 16 By Glen Korstrom Canopy Growth Corp.'s cannabis brand Tweed after cannabis was legalized had advertising in frames above urinals at bars, such as the Fountainhead Pub and the Imperial in Vancouver | Glen Korstrom

Article by Glen Korstrom, Business in Vancouver The B.C. government has banned advertising and anything else that could be construed as promoting cannabis in licensed establishments. That includes restaurants as well as bars, and it is in effect for events that have special permits. “In keeping with the province’s public health messaging about the dangers of cannabis and alcohol co-use, this ...

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Why Better Transparency at the OCS Will Help Beat the Illegal Market

OPINION Why better transparency at the OCS will help beat the illegal market MICHAEL ARMSTRONG

Article by Michael Armstrong, Globe and Mail Last Friday, almost 11 months after legalization, the Ontario Cannabis Store (OCS) released a financial report. A loss of $42-million was partly for reasons beyond its control, but compared to other provincial cannabis agencies its performance looks underwhelming. And its large inventories imply it could support many more stores. . Almost one-third of ...

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Union’s ‘Told You So’ Response Follows Ontario Cannabis Retail Corp. Posting $42 Million Loss

BUSINESS Union’s ‘told you so’ response follows Ontario Cannabis Retail Corp. posting $42 million loss “The numbers are in and this government’s handling of the cannabis file is not working,” the union argued, citing incompetence By Emma Spears Close up of Canadian banknotes (CAD) background Close up of Canadian banknotes (CAD) background, this is polymer money with holograms that will last longer and be harder to counterfeit. The way the province has handled cannabis sales is boosting the already thriving illicit market: OPSEU MJ_Prototype / iStock / Getty Images Plus

Article by Emma Spears, Growth Op Legal cannabis sales in Ontario totalled $121 million this past fiscal year—the first in which cannabis was federally legal. But the Ontario Cannabis Retail Corporation posted a hefty $42 million loss, and the Ontario Public Service Employees Union (OPSEU), which has opposed Premier Doug Ford government’s retail plans from their inception, is saying the numbers are ...

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Legal Edibles, Other Derivatives Should Add 3 Million Consumers to Cannabis Market

Legal edibles, other derivatives should add 3 million consumers to cannabis market BILL KAUFMANN L-R, Evan Mah and Ciprian Georgescu from Friendibles, who send out home kits so people can make their own edibles at home, show what the kits contain at FivePoint Cannabis Bridgeland at 945 Gebneral Ave. N.E. in Calgary on Tuesday, September 10, 2019. Darren Makowichuk/Postmedia

Article by Bill Kaufmann, Calgary Herald The second great Canadian cannabis rush is nearing the starting line, with pot entrepreneurs looking to stand out amid an onslaught of soon-to-be-legal edibles on the market. Legal cannabis edibles and other derivatives are expected to grow Canada’s cannabis market by three million consumers, or 65 per cent, according to a poll commissioned earlier ...

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Weedora Distributes $200K in Cannabis Vouchers as Defiant Illegal Pot Shops Open

Toronto Weedora distributes $200K in marijuana vouchers as defiant illegal pot shops open Social Sharing Facebook Twitter Email Reddit LinkedIn Chris James says he wants to draw attention to the issues affecting him and other small pot entrepreneurs CBC News Owner of Weedora Chris James says he wants to deliver cannabis door to door, but fears that by the time he gets a retail licence, there will be no room for him in the market. (Keith Burgess/CBC) People waited in line outside a Cannabis & Coffee store, which was giving out $100 marijuana vouchers. (Charlotte Mondoux-Fournier/CBC Radio-Canada)

Article by CBC News At least three illegal pot shops opened Saturday in another brazen display of defiance and disregard for numerous efforts by the city to keep them closed. One shop went a step further, promising to distribute free marijuana vouchers worth $200,000 starting at “high” noon. The owner of Weedora — an unlicensed marijuana dispensary — Chris James, said he ...

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Quebec Cannabis Stores Report $1.4 Million in Net Income During Second Quarter

LOCAL NEWS Quebec cannabis stores report $1.4 million in net income during second quarter The SQDC sold nearly 6,264 kilograms of cannabis at stores and online, generating $14.4 million in tax revenue for the province. By Presse Canadienne MONTREAL, QUE.: OCTOBER 17, 2018 -- Customers wait in line at the L'Acadie boulevard SQDC, on the first day of legal marijuana in Canada on Wednesday October 17, 2018. (Pierre Obendrauf / MONTREAL GAZETTE) ORG XMIT: 61544 - 8063 1018 city pot

Article by Growth Op The Société québécoise du cannabis, Quebec’s online and storefront cannabis sales network, posted a net income of $1.36 million for the 12-week period that ended on June 22, based on total sales of $45.1 million. In a report published on Friday, the SQDC revealed that its storefront branches proved to be vastly more popular than its ...

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