CNCA is a family owned medical and recreational marijuana dispensary based in Kelowna British Columbia. Since 2004 CNCA has fought for recognition of providing Hemp for ailments as an alternative to chemicals. CNCA produces organic grade strains which have specific body altering ...
Canada Marijuana Sales to Outpace Liquor Sales by 2020, Predicts Imperial Bank of Commerce
We believe that by 2020, the legal market for adult-use cannabis will approach $6.5 billion in retail sales, claims the CBIC. For context, this is greater than the amount of spirits sold in this country, and approaches wine in scale.
These numbers are based on the CBICs calculation that Canadians will purchase 800,000 kilograms of legal recreational marijuana annually by 2020, at an estimated price of $10 per gram. Prime Minister Justin Trudeau and his Liberal Party are working to have the legal marijuana industry underway by July.
The bulk of the value generated from th....
Quebec inks bombshell supply deals for 359 tons of cannabis
Canadas second-largest province by population signed multiyear supply deals with six licensed cannabis cultivators for its recreational market, a move that provides much needed certainty for businesses and investors, analysts say.
The six companies will supply an aggregate of approximately 325,000 kilograms 359 tons of cannabis over the life of the deals.
Quebec-based Hydropothecary got the biggest share.
Hydropothecary will supply 20,000 kilograms of products in the first year, 35,000 kilograms in year two and 45,000 kilograms in year three.
Supply in the following two....
Business Health Lifestyle Legal Activism Science Reviews Germany to rely on Canadian-exported marijuana after judge halts licensing process
Germanys burgeoning medical marijuana program will continue to rely on exported cannabis following a court decision to delay the countrys cultivation licensing process, the Financial Post reports.
The country was in the process of tendering 10 licenses to grow cannabis domestically, with a 6,600 kilogram supply agreement for the Federal Institute for Drugs and Medical Devices running from 2019 to 2022. Those licenses would have become the first to grow in Germany since the country passed one of the worlds most progressive medical marijuana programs in 2017.
That process i....
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