Category Archives: British Columbia

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CIBC compares cannabis to gold rush, predicts ‘beginning of global seismic shift’

Posted on by Speed Weed
19
Jan

The birth of the legal cannabis industry in Canada is akin to the gold rush, but very few cannabis companies will live up to their lofty expectations, according to a new report from one of the country’s largest banks. CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce, made the sobering assessment […]

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Cannabis shortages plague Canadian retailers; here’s how they’re responding

Posted on by Speed Weed
10
Dec

As the Canadian cannabis industry struggles to provide enough supply to meet exuberant demand since recreational use became legal, private retailers are faced with their own challenge: how to stay in business. Many store owners in Alberta, Manitoba and Newfoundland have closed their doors as they await marijuana shipments, while others are considering different courses […]

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British Columbia Issues First License for Private Retail

Posted on by
03
Nov

THE CANADIAN PRESS – A pot shop in Kimberley, BC, has received the province’s first private license to sell recreational cannabis, two weeks after legalization. Effective November 1, Tamarack Cannabis Boutique is newly permitted to sell non-medical marijuana but is currently closed as the store awaits the receipt of government licensed products. The retailer’s website […]

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Investment bank: Canada’s cannabis sales much lower than expected

Posted on by Speed Weed
02
Nov

Just two weeks after Canada legalized cannabis, a leading investment bank is warning investors it is “increasingly clear” recreational marijuana sales this year will come in much lower than expected. GMP Securities, an independent investment bank that services the cannabis sector, said the first 12 days of the legal market were marred by operational and […]

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Oregon marijuana firm Cura expands into Canada, eyes overseas growth

Posted on by Speed Weed
15
Aug

Cura Cannabis Solutions – one of the biggest cannabis companies in the United States by revenue – is expanding into the Canadian market through a partnership and supply deal with one of Canada’s top licensed producers, Cronos Group. Cura Select Canada, the Portland, Oregon-based company’s Canadian affiliate, plans to build a production hub in British […]

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