‘Right now we’re probably doing approximately 30 to 35% of our normal business’.
Sales in P.E.I. Cannabis have fallen close to 70 per cent since retail outlets were closed in order to help stop the spread of COVID-19.
Cannabis retail stores on the Island were closed alongside liquor stores on March 19. While some liquor stores on the Island have reopened, the cannabis stores remain closed, although sales can still be made online.
“Right now we’re probably doing approximately 30 to 35 per cent of our normal business that we would do during this time of year,” said Zach Currie, director of operations with the P.E.I. Cannabis Management Corporation.
Ford government originally closed all pot stores April 4.
Cannabis retailers in Ottawa are breathing a sigh of relief after the provincial government reversed a decision that would have forced private pot shops to completely shut down during the COVID-19 pandemic.
On April 3, Premier Doug Ford expanded the province’s list of non-essential business to include cannabis stores.
Four days later, the province issued an emergency order allowing those stores to both deliver and offer curbside pickup from Monday to Sunday, between 9 a.m. and 11 p.m.
Online store cost nearly $300K to create and $200K/year to operate for just 604 users.
The Northwest Territories’s online cannabis store has seen only 604 users since legalization and lost $136,000 last fiscal year. It’s on track to lose the same amount or more in 2019-2020.
That’s despite a 44 per cent markup on all products sold in the online store — a profit margin which guarantees its prices are not competitive with black market vendors.
Since legalization, $3.9 million worth of legal cannabis has been sold in the territory. But just $57,664 of that — less than 1.5 per cent — was purchased online.
Producers delaying rollout, revising expectations after weed beverages became legal in December.
Just a few steps into the Tweed retail cannabis shop in Osborne Village, potential customers pass by a prominent sign that boasts of THC and CBD-infused drinks, as well as a tall — and currently empty — fridge designed to keep the fizzy offerings cool.
It isn’t clear when the high-inducing carbonated beverages will be available at this store, or others.
“The one thing that we didn’t quite get right was managing expectations,” said Jordan Sinclair, vice-president of communications with Canopy Growth, which owns Tweed and Tokyo Smoke retail stores.
‘We were motivated obviously by the excitement around cannabis for medical use,’ study lead Eric Brown said.
Researchers from McMaster University have discovered that a chemical compound in cannabis could be used to treat a highly resistant superbug.
Microbiologist Eric Brown and his team found that mice infected with methicillin-resistant Staphylococcus aureus (MRSA), one of the most common and deadly bacteria, could be nursed back to health with a non-psychoactive element of cannabis known as cannabigerol (CBG).
Tokyo Smoke and and Ancaster Joint are two new legal cannabis outlets in Hamilton.
The velvet rope was in place, red carpet rolled out and balloons were even blowing in the wind along with banners announcing the opening of Tokyo Smoke’s latest storefront Monday.
But unlike the province’s first legal cannabis outlet openings nearly a year ago, which were met with crowds of customers lineup up out the door, the response to Stoney Creek’s first shop was significantly more subdued.
Inside the spotless store, black-sweatered staff members eager to share their knowledge mingled with the people who trickled in about half an hour after it first opened its doors.
Inconsistencies could undermine governments’ goal of wiping out illegal market, expert says.
A CBC News analysis has revealed the price of cannabis extracts varies widely across Canada, with the same product sometimes costing two to three times more in one provincially run online store than another.
The inconsistencies, experts say, could undermine efforts to wipe out the country’s illegal market.
The analysis looked at the price of 61 cannabis capsules, sprays and oils available in Ontario’s provincially run online retailer in December 2019.
Pilot study of long-term care residents tests therapeutic effects of cannabidiol on seniors.
Mike Walker can no longer have a simple conversation with his wife.
It was just four years ago, at the young age of 52, when Karen was originally diagnosed with dementia. She no longer speaks, and also suffers from agitation and physical outbursts with aggression, which can be common with the disease.
“You just can’t give up on somebody, you gotta try whatever means that are out there,” Mike says.
Gap between what Canadians pay for legal and illicit cannabis is widening: Statistics Canada.
The gap between what Canadians pay for legal and illicit cannabis is widening — a sign experts say points to the need for the marijuana industry to make prices a priority this year.
Statistics Canada said Thursday that the average price of legal cannabis increased to $10.30 per gram in the period between October and December 2019 from $9.69 per gram the year before.
The change came as the average price of illegal cannabis fell to $5.73 per gram in that fourth quarter from $6.44 per gram a year earlier and as the overall average price of cannabis rose to $7.50 per gram, an increase from $7.46 per gram a year earlier.
Each producer is accused of misleading investors or failing to disclose certain problems with their businesses.
Some of Canada’s biggest cannabis producers are facing proposed class-action lawsuits in the United States after investors were hit with steep financial losses in the stock market.
At least nine U.S. law firms are pursuing cases against Canopy Growth, Aurora Cannabis and Hexo Corp. in American courts.
Although the allegations vary, each pot producer is accused of misleading investors or failing to disclose certain problems with their businesses. When those problems became publicly known, the lawsuits claim, share prices plunged and investors were stuck with losses.
Cannabis retailers will face same problems under new system, says Brock University professor.
An Ontario business professor says New Brunswick should consider allowing cannabis retailers to sell their product within other stores, rather than forcing operators to sell their product in stand-alone locations.
Michael Armstrong, an associate professor of operations research at Brock University in St. Catharines, Ont., said it’s difficult for stand-alone stores to stay afloat in a province like New Brunswick.
“You have a relatively small population that’s relatively rural, so it’s difficult for a stand-alone store to make money,” Armstrong said.
