Locals Hope Cannabis Tourism Can Replace Chocolate Factory Visitors – LPC Smith Falls, Ont. is hoping that cannabis tourism will be able to replace the loss of tourists to the town when the Hersey’s chocolate factory closed in 2008. Local entrepreneur Gordon Weiske said that the factory attracted 250,000 visitors per year. That’s a big…

  Legal Cannabis Retail Workers Tell All About What’s Working and What Isn’t – LPC The Financial Post (please see link below) reports that it’s been “a bumpy few months” for legal cannabis retail owners in Canada. Although as one person they spoke to pointed out, the challenges are likely to be expected for a…

Innovators Rushing to Patent Cannabis Tech Before Legalization An article from IPWatchdog (please see link below) highlights the growing number of cannabis patents in the United States. In 2016, there were only 14 patents registered with the U.S. Patent and Trademark Office (USPTO) related to cannabis tech. That climbed to 29 in 2017 and 39…

Nova Cannabis Sets Up Licensing Agreement with Toronto-Based Retailer The rules around Ontario’s retail cannabis licence structure are beginning to take shape. There have been some clear regulations, including the fact that licensed producers (LPs) cannot own more than 9.9 per cent of a retail cannabis operation. So how would the retail cannabis system work…

Health Canada Receives 83 Micro-Cultivation Licence Applications Health Canada’s micro-cultivation licence may create a whole new sector of the cannabis industry: cannabis co-ops. The government agency said it has received 83 applications for micro-cultivation licence applications as of January 31, 2019. Many of those are from cannabis co-ops pooling knowledge and resources. In BC, the…

“We Don’t Need 100 Cannabis Companies,” Cannabis Industry Analyst Says BNN Bloomberg is reporting that cannabis industry analysts are predicting “shareholder activism” and consolidation of companies. These come in the wake of several reports of “inadequate” corporate governance practices within the cannabis industry. The sheer number of companies within the cannabis industry seems to indicate…

  Supply Chain Issues Causing Some Issues, Experts Say The so-called cannabis shortage may not be anything more than supply chain issues, recent figures suggest. December sales figures show that 7,252 kilograms of legal cannabis (dried) were sold along with 7,127 litres of cannabis oil. Those figures are for the recreational and medical markets combined. Surprisingly,…

  First Six Weeks of Cannabis Legalization Sees Brisk $2.1 Million in Business Statistics Canada released figures for legalized cannabis sales in November – and the results might be surprising. Stats revealed that PEI had the highest per capita legalized cannabis sales in the first six weeks of cannabis legalization. Provincial retailer PEI Cannabis’ sales…

  Winnipeg-based Delta 9 Turned In-house Solution into Growing Side Business A news report from the CBC features Delta 9 Cannabis’ grow pods, a self-contained, turnkey cannabis operation that can produce about 32.5 kg of cannabis per year. At current prices, that’s with generate about $300,000 to $400,000 annually. The pods are made from shipping…

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