Prince Edward Island

Tue
09
Jul

P.E.I. loses nearly $500K in first 6 months of cannabis sales

The Prince Edward Island Cannabis Management Corporation lost $483,000 during its first six months of legal cannabis sales.

But factoring in P.E.I.'s estimated $546,000 share of a new federal/provincial cannabis tax over the same period, the province managed to come out slightly ahead.

According to figures provided by the P.E.I. Department of Finance, the province sold $6,957,000 worth of pot from the day sales began Oct. 17, 2018 through to the end of the fiscal year on Mar. 31, 2019.

That left the Crown corporation in charge of cannabis sales with a gross profit of $1.8 million after product costs were taken into account.

Wed
26
Jun

Planning for legal edibles a challenge says P.E.I. Cannabis

Six months before cannabis edibles hit store shelves across the country, the government corporation that runs P.E.I.'s pot shops says there are still a lot of questions making planning a challenge.

New cannabis products — like edibles, beverages, topicals and extracts — will be for sale legally in Canada in mid-December, with regulations on packaging designed to limit appeal and reduce the risk of over-consumption.

Experiment with this, but don't go overboard.— Zach Currie

Thu
21
Mar

P.E.I. gears up for tourism season with government-sponsored info sessions for cannabis in hospitality industry

Prince Edward Island’s government is sponsoring cannabis information seminars as the province’s first tourism season since cannabis legalization approaches.  Tourism P.E.I. has asked a lawyer in the province to figure out what hotels and other hospitality-industry businesses should be considered moving forward.

Mon
04
Mar

P.E.I. supports new jobs at cannabis processing facility

The provincial government will support 32 new jobs at Dosecann, a cannabis oil extraction company in the Biocommons Industrial Park in Charlottetown.

Dosecann is a Health Canada approved and licensed cannabis processor. Its 42,000 square foot, purpose-built analytical testing facility in Charlottetown serves as the hub for Dosecann’s cannabis extraction, product innovation and formulation, research and development, quality testing and manufacturing.

To assist the company and support 32 new jobs, the province is providing labour rebates worth a maximum of $716,000 over two years. The province is also providing $60,000 to assist the company with rental costs.

Tue
05
Feb

After complaints, P.E.I. cannabis producer aims to change, reduce packaging

FIGR says it is working to reduce the amount of packaging it uses but couldn't give details of what customers can expect.

A P.E.I. cannabis producer says it's developing new packaging that will be better for the environment after receiving complaints from customers.

"We've certainly been listening to the consumers as they've had the experience of trying our product and using and seeing our packaging," said Edwin Jewell, CEO of FIGR, the only recreational cannabis producer operating on P.E.I. ​

"In response to the concerns they had we're certainly looking to improve on our packaging, reduce the sizing."

Wed
30
Jan

P.E.I. Cannabis tops country in marijuana sales per capita

In the first six weeks of marijuana legalization Prince Edward Island had the highest per capita legal sales in the country, and P.E.I. Cannabis is taking that as a sign it's getting something right.

Statistics Canada added cannabis stores to its retail sales figures in November.

The report released last week shows P.E.I. Cannabis stores sold $2.1 million worth of product in the first six weeks of opening. That's $17.22 for every Islander aged 19 and over. The next highest per capita spending was in Nova Scotia, at $13.80 per capita.

Manitoba sales were not included in the report.

P.E.I. Cannabis director of operations Zach Currie likes what he sees in the report.

Tue
22
Jan

Zenabis partners with PEI to supply the Island province with cannabis

Licensed producer Zenabis Ltd. has entered into a supply partnership with PEI Cannabis to supply adult-use cannabis throughout the province.

The Prince Edward Island Cannabis Management Corporation oversees the operation of four cannabis retail locations and an e-commerce platform, notes a statement from Zenabis Global, a producer of both medical and recreational cannabis with facilities in New Brunswick, B.C. and Nova Scotia.

Mon
26
Nov

Cannabis legalization having different effects on policing across Atlantic Canada

If you’re wondering how police forces in this part of the country have been affected since the legalization of marijuana, it depends on where you live.

Three major cities in Atlantic Canada have seen different trends since Oct. 17.

“Now, there’s more ease to laying a charge, as opposed to a Criminal Code offence. … The issue is dealt with there on the scene, as opposed to going to court.”

RCMP N.L. Cpl. Jolene Garland

With little change reported by Halifax police and a slight decrease in violations seen in Charlottetown, P.E.I., the RCMP in Newfoundland and Labrador have seen a few more infractions as people are becoming familiar with the new regulations.

Fri
19
Oct

Canadian province Prince Edward Island rakes in over $150K in first day of legal cannabis sales

Yesterday was the first day of Canada’s history-making cannabis legalization.

Not surprisingly, retailers throughout the country saw a lot of activity.

In particular, marijuana sales in the Canadian province of Prince Edward Island exceeded the six-figure mark—and that was just on day one.

 

Thu
18
Oct

Canada: Island hemp industry growing with legalization of cannabis

Some Island hemp producers are cashing in on the legalization of cannabis. A B.C. company recently announced the purchase of just over 200 hectares (500 acres) of harvested hemp flowers and leaves (chaff) from P.E.I. Chris Wagner, CEO of Emerald Health Therapeutics, says the transaction was possible because of forward-thinking farmers.

Until recently, it was only legal to harvest, store and sell the seed, fibre and stalk of the hemp plant.  The flowers and leaves were not permitted to be harvested or sold, and would go to waste. "What these farmers did was say 'We're going to take a risk,'" Wagner said. 

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