Dispensary News

Canopy Growth Temporarily Closes 23 Canadian Cannabis Stores

Canopy Growth Temporarily Closes 23 Canadian Cannabis Stores Canopy Growth to temporarily close corporate owned retail amid response to COVID-19

Article by Canopy Growth via NCV Newswire Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) has been monitoring the COVID-19 outbreak and paying close attention to the guidance given by public health bodies around the globe. Canopy Growth’s leadership team has made the decision to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada, effective at 5:00 ...

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Ont. and Que. Cannabis Distributors See Sales Spike Amid COVID-19

Ont. and Que. cannabis distributors see sales spike amid COVID-19

Article by Toronto Star Some provincial cannabis distributors are seeing Canadians stock up on pot products amid an outbreak of the novel coronavirus. Ontario Cannabis Store spokesperson Daffyd Roderick says the retailer received almost 3,000 orders on Saturday, an 80-per-cent increase over an average Saturday. Roderick says the last three days have brought an increase in the volume in sales ...

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Ottawa Needs to Stop Ignoring Cannabis Entrepreneurs

Ottawa needs to stop ignoring cannabis entrepreneurs JAMESON BERKOW

Article by Jameson Berkow, Globe and Mail Less than half of 1 per cent. . In a country where 98 per cent of all businesses are small businesses, that is how much of Canada’s total licensed pot cultivation space is controlled by small businesses. The figure also represents a generous estimate for the level of attention federal policy makers gave ...

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Global Stock Meltdown is a Disaster for Cannabis Industry Already on the Brink

CANNABIS INVESTING Global stock meltdown is a disaster for cannabis industry already on the brink The fact that some companies, such as Tilray, are tapping the markets at this tense and volatile moment signals a level of desperation By Kristine Owram Some companies were already running low on cash. Cole Burston/Bloomberg files

Article  by Kristine Owram, Growth Op For an industry that was already struggling to survive slumping stock prices and a virtual shutdown of capital markets, it’s hard to overstate the impact of the coronavirus-related market meltdown. Between the close of trading on Feb. 20 and Thursday, when many global stock markets were hit by once-in-a-generation declines, the BI Global Cannabis ...

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Municipal Policy Seeks to Help Control Location of Cannabis Stores

Municipal policy seeks to help control location of cannabis stores Michelle RubyMichelle Ruby Brantford city hall FILE PHOTO / BRANTFORD EXPOSITOR

Article by Michelle Ruby, Brantford Expositor A municipal policy meant to give the city some control over where retail cannabis stores can be located has been created. Councillors supported the policy this week at a community development committee meeting. It requires approval at an upcoming council meeting. After voting in January 2019 to temporarily “opt out” of allowing cannabis stores ...

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N.W.T.’s Online Cannabis Store Lost $136K Last Year

North N.W.T.'s online cannabis store lost $136K last year Social Sharing Facebook Twitter Email Reddit LinkedIn Online store cost nearly $300K to create and $200K/year to operate for just 604 users John Last · CBC News A screenshot of the N.W.T. Liquor and Cannabis Commission's online store. Prices on the online store are marked up 44 per cent, according to the territory's Department of Finance. (CBC) We very quickly discovered that Canadian consumers preferred to buy in-store. - Michael Armstrong, Brock University's Goldman School of Business Cannabis sales Since legalization, online sales have accounted for less than 1.5 per cent of total sales. Q3 2018-19 Q4 2018-19 Q1 2019-20 Q2 2019-20 Q3 2019-20 Total since legalization All sales $687,955 $676,040 $681,487 $934,370 $910,491 $3,890,342 Online $33,224 $10,322 $5,802 $3,678 $4,638 $57,664 % 4.83% 1.53% 0.85% 0.39% 0.51% 1.48% Michael Armstrong, a professor at Brock University's Goodman School of Business, says it's not surprising the N.W.T.'s online store hasn't seen much action. (Brock University) Vendor Strain THC % Grams Price Tax Shipping Total Price per gram NTLCC Alien Dawg 12.9% 7 $85.44 $4.27 $14.13 $103.84 $14.83 Illegal Vendor 1 Rockstar 17.5% 7 $60.00 $0.00 $23.00 $83.00 $11.86 Illegal Vendor 2 Rockstar 17.5% 7 $60.00 $0.00 $20.00 $80.00 $11.43 Illegal Vendor 3 Rockstar 17.5% 7 $50.00 $0.00 $15.00 $65.00 $9.29

Article by John Last, CBC News The Northwest Territories’s online cannabis store has seen only 604 users since legalization and lost $136,000 last fiscal year. It’s on track to lose the same amount or more in 2019-2020. That’s despite a 44 per cent markup on all products sold in the online store — a profit margin which guarantees its prices ...

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Stigma Still Mars Cannabis Labour Market

NEWS Stigma still mars cannabis labour market More than half noted that people working in the industry were “likely to face negative stigmas or assumptions from the general public.” By Emma SpearsMarch 11, 2020 Comments

Article by Emma Spears, Growth Op A poll by Goldbeck Recruiting Inc. indicates that stigma and personal bias may play bigger roles in the potential of the cannabis industry in Canada than previously thought. Results reflect input from 1,521 members of the Angus Reid Forum, an online public opinion community in which people across Canada answer surveys on various topics ...

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New Cannabis Retail Application in South End May Be First to the Finish Line

New cannabis retail application in south end may be first to the finish line A Spiritleaf franchise is proposed for the Edinburgh Market Place plaza about 20 hours ago By: Kenneth Armstrong The Edinburgh Market Place plaza will soon be home to cannabis retailer Spiritleaf if an application to the province is approved. Kenneth Armstrong/GuelphToday

Article by Kenneth Armstrong, Guelph Today A retail cannabis store proposed for a plaza at Edinburgh Road/Stone Road is currently in the public notice phase, making it further ahead in the process than any other of Guelph’s applications. Spiritleaf Guelph is proposed for the Edinburgh Market Place at 492 Edinburgh Rd. S., among 24 Retail Store Authorizations being pursued in Ontario ...

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Smaller Southwestern Ontario Cities Getting Cannabis Stores

Smaller Southwestern Ontario cities getting cannabis stores ST. THOMAS — After being shunned for their big-city counterparts, smaller Southwestern cities are finally getting cannabis retail stores. Dale CarruthersDale Carruthers Bob's Bud Emporium at 483 Talbot St. in St. Thomas will be the city's first marijuana retail store. The Alcohol and Gaming Commission of Ontario, the province's pot regulator, is in the process of granting an unlimited number of retail licences for cannabis outlets. (DALE CARRUTHERS, The London Free Press)

Article by Dale Carruthers, London Free Press After being shunned for their big-city counterparts, smaller Southwestern cities are finally getting cannabis retail stores. Nearly one year after the brick-and-mortar business began opening in Ontario, setting up shop mostly in mid-sized and large cities, operators are now setting their sights on places the size of St. Thomas (population 39,000) and Stratford ...

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