ZeusArsenal is an upstart vaporizer accessory company based in the heart of Toronto, Canada. Re-imagining the vaporizing experience, ZeusArsenal couples state-of-the-art technologies with mighty materials to produce exquisite items for every vaporizing enthusiasts collection. Eac...
Californias legal marijuana businesses blow whistle on unlicensed operators
A number of permit-holding marijuana retailers in California view unlicensed competitors as serious threats.
While fully compliant cannabis retailers across the Golden State are being forced to pass high tax rates on to their customers, some brazen unlicensed dispensaries advertise that they dont pay state or local taxes, meaning their marijuana is far cheaper than prices at law-abiding shops.
The disparity has led licensed retailers to file complaints with the California Bureau of Cannabis Control about many of those unlicensed competitors, plenty of whom were identified....
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....
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