Alberta

Mon
08
Jul

Province rakes in $30 million from cannabis tax in first six months of legalization

The Alberta government scored $30 million in cannabis taxes in the first half-year of recreational pot legalization.

Alberta Gaming, Liquor and Cannabis also took in nearly $77 million from Oct. 17, 2018, until March 31 of this year from both its online sales, for which it has a monopoly in Alberta, and through its sales to private pot retailers.

From those purchases, it recorded a profit of $4.7 million.

That $30 million in tax cash culled from retail sales was $4 million over expectation, states the province’s fiscal year-end financial statement.

Wed
26
Jun

Cannabis industry expects bump in sales for Canada Day long weekend

The Canada Day long weekend is no longer mostly the preserve of the liquor industry, say some of the country’s cannabis retailers.

More of the pie for that flag-waving party is being carved out by legal pot sellers as the first post-legalization national birthday approaches, says an online cannabis information resource.

A survey commissioned by Leafly Canada suggests 25 per cent of Alberta adults plan to embark on a cannabis buzz this long weekend, among the highest in the country.

“That’s one in four compared to one in five (nationally),” said Jo Vos, managing director of Leafly Canada, which commissioned the poll of 1,513 people conducted last week by Maru/Blue.

Fri
14
Jun

What cannabis shortage? Analyst warns oversupply could become a problem in mere months

In Alberta, a moratorium on new cannabis retail store licences was just lifted. In Quebec, government-run pot stores have returned to normal hours. In Ontario, there are rumblings that a second tranche of retail licences may be on the way, perhaps as soon as the end of the month.

These incremental but significant signs are leading a growing number of analysts and industry observers to speculate that Canada’s cannabis shortage, a problem that has plagued the industry since legalization, may be coming to an end. Some are even starting to contemplate an entirely new problem that could emerge, as early as next year.

Mon
03
Jun

Alberta is on a track to establish a well-rooted cannabis retail system

Find out how Alberta came out on top among all Canadian provinces for how well they established their cannabis retail system.

A while ago when Bill C-45, which legalized cannabis nationwide in Canada, was still being discussed in the Senate, many market experts speculated that either British Columbia or Ontario would have the best market.

Oh, how the mighty have fallen. British Colombia is still having difficulties battling illegal stores and black market growers, all the while having less than 20 legal stores.

Wed
29
May

Alberta medical cannabis company partners with Harvard med school

Lac Ste. Anne County — Edmonton-based Atlas Biotechnologies has partnered with the new International Phytomedicines and Medical Cannabis Institute at Harvard Medical School to study how cannabis can help chronic pain and neurological conditions.

“Our partnership will allow us to prove the efficacy of what these products can do,” says president and CEO Sheldon Croome.

Like many other licensed cannabis producers in Canada, the staff at subsidiary Atlas Growers’ production facility, about 90 km northwest of Edmonton in Lac Ste. Anne County, goes to work in hair nets, medical-style scrubs and latex gloves in a 38,000-square-foot highly secured cultivation facility to plant, harvest, dry, trim, mill, extract and package a fresh crop every two to three weeks.

Mon
20
May

Alberta's cannabis industry gears up for edibles legalization

When cannabis industry leaders descended on Edmonton for a one-day conference, a topic that lit up multiple panels was the second wave of legalization and the implementation of edibles into the market.

The WeCann Conference, co-hosted by The Cannalysts and Grant Thornton LLP earlier this month, had a variety of speakers and panels on cannabis-related topics ranging from agriculture to retail.

Trisha LeBlanc, national cannabis industry leader at Grant Thornton LLP, said there was considerable discussion on the issue of shelf space for edibles in Alberta.

Mon
13
May

Recreational cannabis growers face challenges as they enter the first summer of legalization

Albertans looking for a homegrown high this summer are set to face a shortage of supplies and a set of regulations restricting how many plants can be grown and where they can grow them.

Growing cannabis was legalized alongside recreational cannabis use last October. Alberta Gaming, Liqour and Cannabis’ (AGLC) online store started selling and supplying seeds in January, however the agency has felt the hardships of a nationwide supply shortage, leaving the online store seedless as of last Friday.

Thu
11
Apr

Aurora to expand cannabis facility in Medicine Hat by 33%

Aurora Cannabis Inc. (ACB.TO) said it is expanding the size of a marijuana production facility currently under construction in Medicine Hat, Alta., by 33 per cent.

The Edmonton-based pot producer said in a release Wednesday that it is increasing its high-tech Aurora Sun facility from an original plan of 1.2 million square feet to 1.62 million square feet, as the firm seeks to ramp up production amid growing global demand for medical cannabis.

Aurora said it expects the Medicine Hat facility will produce more than 230,000 kilograms of cannabis per year.

Fri
05
Apr

Edmonton cannabis stores stocking seeds as first legal growing season approaches

Cannabis shops have started selling marijuana seeds as the coming summer brings the first legal growing season for pot smokers looking for a home-grown high.

The legalization of cannabis last October included the option for private citizens to grow plants at home, but seeds weren’t available from distributors in Alberta until last month. Seeds are now available through Fire and Flower Cannabis online and at their location in Sherwood Park as well as at Nova Cannabis in Edmonton.

Jayden Colwell, a first-time grower, expects to get eight ounces worth of smokable marijuana once he harvests the plants he’s growing in his Calgary home.

Wed
03
Apr

Paid to smoke pot: Edmontonian selected as one of eight cannabis connoisseurs out of 25,000 applicants

Since weed was legalized last fall, many Canadians may fancy themselves as cannabis connoisseurs. As of Monday, Edmonton’s Amanda Bladon can put the title on a business card.

Bladon was one of eight Canadians hired by Toronto-based company AHLOT to sample and evaluate different strains of cannabis and get paid to do so.

“I’m kind of in dream-job land right now,” Bladon said Monday, her first day of a year-long contract as a cannabis connoisseur. “I just thought the opportunity sounded a little bit too good to be true and I’m a bit of a risk taker so I figured why not throw my name in the pile and let’s see what happens.”

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