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News about Medical marijuana in Canada

New cannabis users flock to legal pot market, but prefer flower above all

New cannabis users flock to legal pot market, but prefer flower above all It turns out going legal has drawn some new customers to the cannabis market. A new report from Brightfield Group found that "newbies," or those who have only consumed cannabis since the drug was legalized in late 2018 are representing an increasingly-larger share of the legal market, a sign that it is garnering increased consumer interest in Canada. That's likely due to the recent advent of cheaper products, better known as the "value" segment, priced to compete directly with the illicit market. Meanwhile, the survey also found that dried flower products were the most popular for new cannabis users, with 43 per cent of "newbies" polled purchasing pot in that fashion, outpacing its other defined categories; gummies, chocolate and vapes.  Virus-free. www.avg.com

Canada sells over $231M of legal cannabis in July, biggest monthly jump since legalization

Canada sells over $231M of legal cannabis in July, biggest monthly jump since legalization More than $231 million worth of cannabis was sold in Canada in July, up 15.2 per cent from the prior month, according to Statistics Canada on Friday. The monthly increase is the biggest gain since cannabis was legalized in Canada in Oct. 2018, while the July figure represents an annualized run rate of $2.78 billion. All 10 provinces and all three territories reported a monthly sales gain in July for the second straight month, the StatsCan data showed. Ontario led the country with $60.3 million in cannabis sales in July, up 23.5 per cent from June, while Alberta and Quebec were not far behind with $51.8 milion and $43.9 million sold, respectively. On a daily purchase rate, sales were up 11.5 per cent in July from the prior month. Stifel analyst Andrew Carter said the sales data showed that Canada's cannabis market should grow to $2.5 billion in sales in 2020, up 113 per cent from 2019.  Virus-free. www.avg.com

Cannabis retailers ask RCMP to crack down on illicit market activity on Weedmaps

Cannabis retailers ask RCMP to crack down on illicit market activity on Weedmaps Should Canada's RCMP begin cracking down on Weedmaps for allowing illicit operators to advertise on the platform? That's what several cannabis retailers want after submitting a letter to the RCMP's top brass seeking stronger enforcement against Weedmaps in order to shut down the proliferation of illicit cannabis dispensaries and delivery services. Weedmaps features thousands of illicit cannabis providers across Canada on its website as well as some of the country’s legal pot shops, but doesn't designate any difference between the two, creating customer confusion according to the letter. Compared to their legal peers, illicit competitors on Weedmaps can operate relatively unfettered and aren't beholden to the same strict regulations licensed operators need to abide by. Weedmaps and the RCMP weren't immediately available for comment.  Virus-free. www.avg.com

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