Author: UYA

Canada just legalized marijuana   [Copy link] 中文

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Post time 2019-3-21 19:40:34 |Display all floors
sobabe Post time: 2019-3-20 17:44
Like I said, within a couple months of legalisation of marijuana/weed . . , a whole bunch of  ...

Do you have any proof????

I wish we could sell to the US, my pot stocks would go through the roof.

But I haven't found any producer that is allowed to sell to the US.

All legal Mj is to be grown indoors and for sale in Canada only.

We are looking into selling or setting up in Brazil.

Proper way to phrase your statement
So the Truth Hurts doesn't it?
Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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Post time 2019-8-4 03:03:42 |Display all floors
Saul Post time: 2019-2-4 21:40
And you are wholeheartedly wrong.

















  Speaking of which, remember the fact that Indigenous Native American people in Colonized lands of Anglo British in North America Continent, like Canada & USA are more of the same. Kill the indigenous natives and whoever is left, marginalize them and create artificial poverty, once that poverty becomes crime and drinking, the media points to the poor and blames them to continue to stigmatize the 'other' community, scumbags, etc. Amazing fact that Indigenous Native Americans had built such great civilizations as Mayan, Inca and Aztec without outside help, and all from the scratch, and all on their own, since they had been cut off from the rest of the world for ten of thousand of years. In other words, they actually are great and proud people. All they need is their beloved motherlands back, the lands that their ancestors forebears had lived through thick and thin, endured through hardships and all. Moreover, the hidden mega genocide of indigenous Native Americans, and their population in Continents of America 500 yrs ago was around 15 millions, while European population in Europe was around 20 millions. Today, Native population at 15 million, while European population ( in continents of America + Europe) at a staggering 'ONE BILLION'! Imagine what would it be like today if Native Americans had possessed some sort of nuclear weapons to defend themselves, and their beloved motherlands from invaders Colonizers? The answer is they would still have their own beloved motherlands, plus their population comparable to that of European population. I've no doubt about that. In my humble opinion, it's about time to decolonize the Colonized lands, and return it to rightful owners Native American people. remember, notorious Slavery as well as Colonialism had long been over, why on earth is this another notorious Colonization still lingering on?




'Shame on you, Canada'


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Post time 2019-8-7 20:13:30 |Display all floors
Sales are not what was expected....

Cannabis sales in New Brunswick fall far short of expectations — and other provinces
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New Brunswick sales per capita are lowest of all Atlantic provinces
Cannabis NB is on track to miss its own projections for the first half-year of legal recreational cannabis sales by as much as 50 per cent.

The Crown corporation's sales between Oct. 17 and Dec. 23 totalled $8.6 million, according to unaudited results released Friday.

Online sales revenues totalled just $400,000, while in-store sales revenues amounted to $8.2 million.

In the months leading up to legalization, projections were for sales of $272,700 per day over the first 165 days — a total of $45 million by March 30.   


But actual results have been less than half of that — sales of just $126,500 per day as of Dec. 23 — the first 68 days of operations.   

The financial results have been uniquely poor in New Brunswick, a report from Statistics Canada suggests.

On Wednesday, Statistics Canada reported sales over a shorter period — between Oct. 17 and Nov. 30 — totalled $5.2 million in New Brunswick, or about  $6.76 per resident, over those two months.

Those are the lowest sales recorded in Atlantic Canada by a wide margin, 40 per cent less than per capita sales in Nova Scotia ($11.21) over the same period and 50 per cent lower than per capita sales in PEI ($13.59).

Not profitable this year
Cannabis NB's figures for its first 68 days in business include the first two days of operations, when a curious public bought nearly $1 million worth of product over 48 hours.

They also include most of the Christmas shopping season — a traditional high point for all retailers, including NB Liquor, of which Cannabis NB is a subsidiary.

In October, CEO Brian Harriman said achieving projected sales targets would only allow Cannabis NB to break even in its first year.  

"We're looking at around $45 million in the first year — the first corporate year so between Oct. 17 and March 30 …  we may break even, we may be slightly negative on a profit and loss perspective," Harriman said.

But with sales 54 per cent below projections so far, Cannabis NB general manager Lara Wood declined to comment on how much money the Crown corporation is losing.

"It's not realistic that we'll be profitable this year, but we do anticipate being profitable next year," Wood said.

'Multiple issues'
Dried bud was the most popular product, according to Cannabis NB, representing 87 per cent of total sales.

Oils and capsule sales brought in $800,000, while accessories — like vaporizers, pipes, grinders, and papers - amounted to just $300,000.

Expenses for its board of directors and CEO amounted to $19,291.

The provincial cannabis authority has been plagued by unanticipated supply problems.


"There are multiple issues that are causing difficulties in getting product into the store," Wood said, including the time involved in manually applying excise stamps, packaging equipment that can't be automated, and lab-testing times.  

Dozens of products remain sold out and unavailable at any of the 20 retail locations across the province.

Sales 'significantly' affected
The supply issues have had a "significant impact" on sales, Wood said, "not only in terms of the volume of product that we can access, but the breadth of product and the portfolio."

"Certainly there has been frustration with the supply issues," she said.

When customers come into the stores "they are looking for specific products, so there is lost opportunity there."


"What we also have seen is that when we have products, especially specific products, they are moving through really quickly and there is a strong demand for them," she said.

It's difficult to say what the supply problems have cost, Wood said, "because we don't have a normal supply situation to compare to, because everything is so new."

"The national supply shortage continues to be our biggest challenge," Harriman said in a release, adding that supply is "slowly moving in a positive direction."

Layoffs, decreased security
Earlier this month, Cannabis NB announced it had laid off about 60 workers across the province.

Workers, according to Harriman, each received about 100 hours of training before starting work  in the stores.

Cannabis NB has also cancelled its third-party, temporary security contract.

"We were trying to understand if we did need a security presence in the stores," Wood said, "always with the understanding that we would evaluate it as we went."

The majority of laid-off employees were on seasonal contracts, but some part-time and full-time employees were also affected.

"At the beginning, to try to manage that expectation, we did bring in a lot of people on contract," Wood said.

"Certainly, if the scenario had been different, we would love to have kept those people on. They are all people that we would welcome back into the organization if things changed."

Major round of layoffs at Cannabis NB after 12 weeks in business
Still, Harriman said in a release, "we are pleased with how the stores and the experience have been received by customers as we enter in a new legalized channel of retail."

"The feedback we have received from customers about the education and the experience at Cannabis NB has been largely positive."

Despite that, sales have fallen far short of anticipated targets, Wood agreed.

"I'm glad that $8.6 million isn't in the black market," she said.




cbc.ca





Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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Post time 2019-8-8 05:49:56 |Display all floors
horatiokim Post time: 2019-8-4 03:03
Speaking of which, remember the fact that Indigenous Native American people in Colonized lands ...

Canada was colonized just like many western and Asian countries.
They did not start it, so the dirty finger should point else where.

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Post time 2019-8-8 05:57:11 |Display all floors
Saul Post time: 2019-8-7 20:13
Sales are not what was expected....

Cannabis sales in New Brunswick fall far short of expectations  ...

Seems people want to demonize Canada for doing the right thing with Pot.
Where it goes (to me) matters little.
Many people have invested in this new industry.
The problem is.....
Pot grows anywhere and there will always be competition and over supply.
Many are trying to brand their own brand of Pot via DNA.

This is a brave new world of patenting "Life".
There should be a lot of discussion and debate on this.

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Post time 2019-8-8 21:29:39 |Display all floors
UYA Post time: 2019-8-7 16:57
Seems people want to demonize Canada for doing the right thing with Pot.
Where it goes (to me) mat ...

competition and over supply............that seems to be it, well over supply of illegal Mj.

Still early, we will have to see how it does in a few more years.

Anger is an acid that can do more harm to the vessel in which it is stored than to anything on which it is poured. Mark Twain

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Post time 2019-8-9 17:20:31 |Display all floors
Saul Post time: 2019-8-8 21:29
competition and over supply............that seems to be it, well over supply of illegal Mj.

Still ...

"Time" is on the side of pot.

More and more States and countries are legalizing it.
Many see the wrongs in past criminalization of a substance that has proven medical benefits with little to no harmful health effects.

"Time" has come to stop demonizing it

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