Aleafia Health’s outdoor cultivation in Port Perry, Ontario. The amount of space licensed to grow cannabis in Canada is now heavily skewed toward outdoor cultivation instead of indoor for the first time, according to new data from Health Canada. The federal regulator said it has licensed roughly 13 million square feet of indoor cannabis cultivation (including greenhouse), versus 19 million … Read More
Cannabis retailer backs out of Altona, Manitoba as battle brews over legal pot sales
Calgary-based Westleaf confirmed Thursday it will not go ahead with its plan to open a cannabis store in Altona.
Cannabis Canada: Rbc Analyst Tempers Outlook on Vape and Edible Sales
Vapes, edibles expected to see sales hit $250M in first year of availability: analyst Expectations ahead of the launch of Cannabis 2.0 products – those vapes and edibles that consumers were eagerly awaiting – were certainly lofty, so it’s no surprise that they are now coming back down to reality. RBC Capital Markets cannabis analyst Douglas Miehm said in a … Read More
You’ll Be Able to Buy Weed From Ontario Producers — but There’s a Strange Catch
This spring, Ontario will start to see farm-gate cannabis retail: much like a vineyard or brewery, customers will be able to go to a growing facility and buy weed directly from the producer. It seems simple enough, but there’s a strange twist: producers will be legally required to first sell their cannabis to the Ontario Cannabis Store (OCS), the province’s … Read More
Cannabis NB sees increase in sales: financial results
The New Brunswick Crown corporation in charge of cannabis saw a significant year-over-year increase in sales in the final months of 2019 despite the province’s push for sales to go private. According to the latest financial results from Cannabis NB, from Sept. 30, 2019, to Dec. 29, 2019, Cannabis NB saw $11 million in sales, an increase of 23.7 per … Read More
Deadline nears for proposals to renovate new Quebec cannabis stores
(This story has been updated with more information provided by Société québécoise du cannabis.) Prospective contractors in Quebec have until Feb. 3 to submit proposals to renovate almost five dozen new adult-use cannabis branches slated to be opened over the coming three years. The province is looking to expand the number of adult-use cannabis stores beyond the 43 scheduled to … Read More
The 10 Largest Canadian Marijuana Stocks
With Canadian pot sales expected to hit $5 billion annually by 2024, it pays to know the biggest names in the industry. Though a lot of marijuana history has been made in recent years, most of it can be attributed to Canada, which became the first industrialized country in the modern era to green-light adult-use cannabis sales in October 2018. … Read More