Category Archives: News

Canadians Spent $5.7 Billion on Black Market Weed Last Year, According to Government Study

Recreational cannabis sales will not be legal in Canada until this summer, and despite the country’s current prohibition laws, Canadians still spend more money on locally-grown black market weed than they do on Canadian beer or tobacco. This revelation is one of many market statistics unveiled this week in the Cannabis Economic Account, a set […]

7 Takeaways From Statistics Canada’s ‘Cannabis Stats Hub’

With the legalization of recreational cannabis less than six months away, Ottawa wants to get a clear picture of the industry in Canada. To that end, the national statistics agency, Statistics Canada, conducted a wide-ranging study that looked at the cannabis sector from 1961 to 2017, examining data such as consumption, domestic production, the size of the […]

Calgary investor says switch from oil to cannabis put his portfolio in the green

Nicholas Cosentino, who lives in Calgary with his family of three, started investing in cannabis stocks two years ago as part of his retirement strategy. Like other investors who have flocked to the nascent sector, he has been on a wild, white-knuckle ride of lows and tremendous highs. When taking a look at his portfolio […]

Ontario seeks public feedback on allowing cannabis lounges as legalization looms

TORONTO — Ontario is considering allowing licensed cannabis consumption lounges in the province once recreational marijuana is legalized this summer, and is asking the public to weigh in on the idea. The proposal is being met with optimism by some cannabis activists and municipal politicians who say the provincial government’s approach on where legal weed […]