Ontario

Thu
16
Aug

PCs' cannabis store scheme buys time for city to develop local policy

The Ontario Progressive Conservative government’s cannabis sales scheme has bought time for the City of Ottawa to develop a local policy, but the municipal government still needs to move fast so the next city council can make a decision shortly after taking office in December.

While the PCs are giving municipalities the choice of not having any pot shops, it’s unlikely that municipal politicians in a major city like Ottawa, sometimes bashed as the “city that fun forgot,” would attempt to block legal cannabis stores from operating inside the municipal boundaries.

Online sales through the Ontario Cannabis Store website begin Oct. 17. Private retail storefronts can begin licensed operations by next April 1 after the province holds consultations on the sales strategy.

Wed
15
Aug

Marijuana stocks plummet in wake of Ontario's private-sector sales delay

Shares of Canada’s cannabis companies fell sharply on Tuesday morning as investors reacted to news that Ontario will initially limit sales of the drug when it becomes legal on Oct. 17.

Ontario had previously planned to open government-run stores in October. The new Doug Ford government, however, has decided to allow the private sector to operate stores but not until next spring. The government does plan to sell cannabis online starting in October.

The delayed opening of Canada’s largest market for cannabis is a blow for the industry. Investors sent stocks lower on Tuesday. Canopy Growth Corp., the most prominent name in the industry whose ticker is WEED, led the declines.

Tue
14
Aug

Ontario to allow private retailers to sell cannabis, province will handle online sales

Ontario's Progressive Conservative government announced Monday it will allow recreational pot to be sold in retail stores while the province will handle online sales.

Minister of Finance Vic Fedeli and Attorney General Caroline Mulroney laid out the government's plan for a hybrid system in an announcement Monday at Queen's Park, stressing their priorities would be ensuring public safety and eliminating the black market. 

"The government of Ontario will not be in the business of running physical cannabis stores," said Fedeli. "Instead we will work with private-sector businesses to build a safe, reliable retail system that will divert sales away from the illegal market."​

Mon
13
Aug

Canada: If Ontario allows private cannabis retailers, don't expect them to be ready on Oct. 17

The Ontario government is reportedly considering a switch from a public to a private model for cannabis retailers. And if that happens, any hopes of buying legal weed on legalization launch day will go up in smoke, writes Calvin Hughes.

Tue
07
Aug

Canada: Ontario divided on private cannabis retail model

The City of Toronto and much of Ontario is bracing for more complications with only 70 days left before cannabis is set to be legal across Canada.

Ontario Premier Doug Ford the Ontario Progressive Conservatives are sending strong signals that legal cannabis will be sold by private retailers rather than being sold by the Ontario Cannabis Store, as originally decided by the Ontario Liberal government.

The OCS initially planned to open 40 retail shops across Ontario, with 150 planned to be opened by the end of 2020. The locations were to be determined by the province with input from municipalities.

Tue
07
Aug

Canopy Growth CEO: 'We're going to make anything and everything that's lawful'

Five years ago, Yahoo Canada News did a series on the dying small towns of Canada. The stagnation was largely blamed on the exit of one industry or another from many of the places visited. One of the towns featured in that series was Smiths Falls, Ont., struggling to recover from the exit of chocolate maker Hershey’s in 2007. At the time, residents said tourism was the answer to the town’s economic woes. Little did they know the industry that would breath life back into Smiths Falls was cannabis.

Thu
02
Aug

New cannabis biotechnology may enter Canadian market

There’s no smoking or ingesting this marijuana. It’s delivered straight into your bloodstream.

Licensed Winnipeg cannabis producer, Delta 9, has partnered with US based tech company NanoSphere Health Sciences to bring a new type of cannabis product into the Canadian market.

Erica Natividad shows you how it works and how it will affect medical and recreational users.

Thu
02
Aug

StrainprintTM Technologies Ltd. Continues Rapid Growth, Welcoming Two New Senior Staff Members to the Expanding Team

Strainprint Technologies Ltd. (Strainprint™) – the leader in cannabis strain data and analytics – is excited to announce the addition of two key senior team members: Michelle Arbus, Vice President of Research & Insights, and Noah Kauffman, Director of Sales.  

Tue
31
Jul

Canada: Ontario’s cannabis retail system will be open for business when marijuana is legalized Oct. 17

Ontario will have a cannabis retail system open for business when recreational marijuana is legalized across the country in less than three months, says Finance Minister Vic Fedeli.

“We are going to be operational by Oct. 17,” Fedeli said Monday as questions swirled about how the province will sell weed following reports private retailers are being tapped instead of the government stores planned by the previous Liberal administration.

Fri
27
Jul

Canada: Ontario government will turn to private retailers to sell marijuana

The Ontario government is turning to private retailers to sell marijuana in stores come October, shifting policy dramatically less than three months before Canada legalizes recreational use.

Provincial Finance Minister Vic Fedeli and Attorney-General Caroline Mulroney are expected to make an announcement as early as next week outlining in broad strokes the province’s plan to scrap the existing public retail model and allow the private sector to own and operate bricks-and-mortar cannabis shops, according to a senior source in the Ontario government who would only speak on condition of not being named. The person added that the government will still control the wholesale and distribution of the product to the stores and manage online sales.

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