Marijuana sales in Canada are likely to outpace liquor sales by 2020, according to a report released by the Canadian Imperial Bank of Commerce (CIBC). “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 …
Despite Canada’s longstanding plan to begin legal marijuana sales in July, a Canadian official has conceded that they won’t actually begin until August, maybe a little later. As recently as last week, Prime Minister Justin Trudeau’s government was insistent that it was still on track to begin legalization in July, which has been the plan …
Legislation that would legalize cannabis for all adults in Canada has been approved by the nation’s House of Commons in a 200 to 82 vote. Approval of Bill C-45 in the House of Commons sends it to the Canadian Senate for consideration. If approved by the Senate, it will be sent to the Governor General …
The Ontario government has announced a framework for legal marijuana. The plan, unveiled yesterday, will allow online as well as brick-and-mortar cannabis stores. Ontario officials expect there to be 80 marijuana stores open by July 1st, 2019, with 150 open by the following year. Online sales are expected to start throughout Ontario by July of …
