Dispensary News

Ontario Sold the Most Cannabis in First Year of Legalization, Despite Low Store Count

CANNABIS BUSINESS Ontario sold the most cannabis in first year of legalization, despite low store count Sales account for quarter of national market By Vanmala Subramaniam The Canadian cannabis industry has, for the most part, struggled to meet expectations from both investors and consumers, with price, quality and accessibility being the key reasons why the sector did not take off at a rate many had hoped it would. Pablo Porciuncula Brune/AFP/Getty Images

Article by Vanmala Subramaniam, Growth Op Cannabis retailers in Ontario sold the most cannabis of any province in the first year following legalization, even though there was only one online store and 24 brick-and-mortar stores in operation for most of that period, according to new Statistics Canada data. Ontario accounted for $217 million in recreational cannabis sales — or 24 ...

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AB InBev Will Sell CBD-Infused Tea in Canada

AB InBev Will Sell CBD-Infused Tea in Canada Bloomberg News Jacqueline Thorpe

Article by Jacqueline Thorpe, Bloomberg News The world’s biggest brewer will kick off its push into cannabis-infused beverages with a lineup of flavored teas — Lavender Chamomile, Vanilla Rooibos and Peach Ginger Green. The “Everie” teas will contain 98% pure cannabidiol, the non-psychotropic ingredient in cannabis, with only a trace — 0.05 milligrams — of THC, the component that gets ...

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Ex-Cop Fantino Wants to Open a Cannabis Shop in Toronto’s Kensington Market

CanadaIndustryPolitics Ex-cop Fantino wants to open a pot shop in Toronto’s Kensington Market Jesse B. Staniforth BalkansCat/iStock

Article by Jesse B. Staniforth, Leafly News In the legal Canadian cannabis industry, there may be no more controversial a figure than Aleafia board chair Julian Fantino—particularly not around Toronto’s Kensington Market neighbourhood, which can feel like the physical centre of Toronto cannabis culture. Fantino, detractors are quick to remember, used to oversee busts of dispensaries in the neighbourhood, but now his ...

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How Much Money is Canada Missing Out On From the Lagged Edibles Rollout?

NEWS How much money is Canada missing out on from the lagged edibles rollout? A total of 6.7 million Canadians may have looked to buy edibles, extracts and topicals for the holiday season By Bobby Hristova The new wave of edibles products are expected to attract 3 million new Canadians. Brent Lewin/Bloomberg Canadian one hundred dollar banknotes Canadian one hundred dollar banknotes are arranged for a photograph in Toronto, Ontario, Canada. Photographer: Brent Lewin/Bloomberg

Article by Bobby Hristova, Growth Op It’s becoming clear cannabis edibles, extracts and topicals probably won’t be a part of holiday shopping this year as provincial regulators can only order products as of Dec. 16. While storeowners were hoping to bank off the bud and customers were hoping to get high this season, the anticipation for new products will have ...

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Cannabis Sales in Canada Fall Short of Forecasts in First Year of Legalization

COMMODITIES Marijuana 22m ago Pot sales in Canada fall short of forecasts in first year of legalization By David George-Cosh People look at products inside Spiritleaf, the first cannabis store in Kingston, Ont., on Monday April 1, 2019. , Lars Hagberg

Article by David George-Cosh, BNN Bloomberg Nearly $1-billion worth of legal cannabis was sold in Canada during the first year of legalization, short of analysts’ initial projections, according to a study published Wednesday by Statistics Canada. StatsCan said that $907.8 million of legal cannabis was sold between the last two weeks of October 2018 and September 2019 through both brick-and-mortar ...

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What’s Going on Here? Cannabis Stores Popping Up in Burlington Almost Like Weeds

What’s Going on Here? Cannabis stores popping up in Burlington almost like weeds NEWS 10:18 AM BY GRAHAM PAINE BURLINGTON POST Burlington's fourth proposed cannabis retail store location appears is located in the Roseland Plaza on New Street at Guelph Line. - Graham Paine/Torstar A fourth cannabis retail store in Burlington called Corner Cannabis is going through the regulatory approval process with the Alcohol and Gaming Commission of Ontario (AGCO). A fifth, yet-unnamed retail store has filed an application for 1025 Plains Rd. E., it too is making its way through the approval process.

Article by Graham Paine, Burlington Post via Toronto.com A fourth cannabis retail store in Burlington called Corner Cannabis is going through the regulatory approval process with the Alcohol and Gaming Commission of Ontario (AGCO). The proposed location is 3007 New St. at Guelph Line in the Roseland Plaza. The public will be able to have its say, when the 15-day public consultation ...

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Ontario’s Cannabis Retail Lottery in Question After Year of Legalization

CANADA | News Ontario's cannabis retail lottery in question after year of legalization Christy Somos Christy Somos CTVNews.ca Writer

Article by Christy Somos, CTV News Ontario is thinking about changing the lottery system being used to award cannabis retail licenses after the first year of legalization saw only 24 outlets open, with critics panning the lack of access for consumers. The province has sold $216.8 million of cannabis in the first year of legalization according to analysis by BNN Bloomberg. ...

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Cannabis-Infused Tea and Chocolate — But Don’t Expect Candy Floss or Breath Strips — as Edible Products Come to Stores

Cannabis-infused tea and chocolate — but don’t expect candy floss or breath strips — as edible products come to stores NEWS 11:35 AM by Joseph Hall Toronto Star Sparkling water - Andrew Francis Wallace / Toronto Star Canopy Growth president Rade Kovacevic during an event Nov. 28 launching a lineup of edible, vape and beverage products at Toronto's Design Exchange. - Andrew Francis Wallace / Toronto Star Beverages are expected to be a big part of the market. - Andrew Francis Wallace / Toronto Star Pot-infused edibles like chocolates, gelatins, candies and brownies could eventually account for some $1.6 billion a year in sales in Canada, according to a Deloitte Canada report. - Andrew Francis Wallace / Toronto Star

Article by Joseph Hall, Toronto Star via Our Windsor And the battle begins in earnest. With the introduction of edible, beverage, vape and other new products over the coming months, the country’s legal pot industry will finally bring both passive fists to the fight with its shadowy, illicit counterpart, experts say. And the range of confections, booze alternatives and vaping ...

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Cash Rolling in to Quebec’s Coffers Despite Conservative Approach to Cannabis Legalization

BUSINESS Cash rolling in to Quebec’s coffers despite conservative approach to cannabis legalization Province expects to have just 30 stores in place by end of March By David YasvinskiDecember 9, 2019 Comments 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 Quebec is among the top three provinces in sales of legal marijuana, despite prices being 20 percent below the national average Pierre Obendrauf / Montreal Gazette files FILE: Customers wait in line at the L’Acadie Blvd. SQDC on the first day of legal marijuana in Canada on Oct. 17, 2018. / Photo: Pierre Obendrauf Pierre Obendrauf / Montreal Gazette

Article by David Yasvinski, Growth Op Quebec’s strict approach to cannabis isn’t slowing demand. The Societe Quebecoise du Cannabis (SQDC) reports it made $5.3 million in profit off the drug during the second quarter on revenue of $63.8 million. The sales translate into $17 million in new tax dollars for the government, which is in charge of overseeing the stores, according to CTV. ...

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