Weed MythsIn Canada, cannabis consumption is prevalently driven by young adults aged 18 to 34, comprising approximately 40% of all users. This demographic often seeks cannabis for recreational purposes, capitalizing on its legal status since 2018. With a vibrant culture surrounding recreational use, social gatherings frequently feature cannabis as a popular choice among friends. The second […]
Accessing cannabis in Canada is straightforward for adults aged 19 and older, thanks to comprehensive legislation established in 2018. Canadians can purchase cannabis through licensed retailers, both in-person and online, ensuring a safe and regulated experience. Most provinces and territories have set up user-friendly systems to facilitate sales, making it as simple as showing identification […]
Toronto stands out as the Canadian city with the highest number of cannabis stores, boasting over 400 licensed retailers. This vibrant metropolis has rapidly embraced cannabis culture since legalization in 2018, making it a hub for both recreational and medicinal users. Vancouver follows closely behind, with around 350 stores. Its progressive cannabis policies and picturesque […]
Yes, a black market for cannabis still exists in Canada, despite legalization efforts. Legal cannabis prices often surpass those of illegal sources, which can entice consumers seeking more affordable options. Statistics indicate that around 40% of cannabis users still obtain their product from unregulated sources, highlighting the persistent demand for black market cannabis. While the […]
No, cannabis is not classified as a Schedule 2 drug in Canada. Since the Cannabis Act was enacted in October 2018, cannabis has been legal for both medical and recreational use, placing it outside the conventional drug scheduling system. Under the Controlled Drugs and Substances Act, controlled substances are categorized into different schedules based on […]
Marijuana remains legal across Canada in 2024. The Cannabis Act, which came into effect in October 2018, allows adults to possess and purchase cannabis from licensed retailers. Whether for medicinal or recreational use, Canadians enjoy the freedom to engage with cannabis legally within specific guidelines. Each province and territory enforces its own regulations regarding the […]
Canadian cannabis legalization has brought notable shifts in various sectors. Public health initiatives have expanded, focusing on safety and education, which has reduced youth access and promoted responsible use among adults. Data shows that cannabis consumption among teenagers has not increased significantly since legalization, highlighting the effectiveness of educational campaigns. The economic impact is also […]
Canopy Growth Corporation holds the title of the largest cannabis grower globally. This Canadian company, established in 2013, has expanded its operations across multiple continents. With a cultivation capacity exceeding 5 million square feet, Canopy Growth remains at the forefront of the industry, driven by innovation and a commitment to high-quality products. As a publicly […]
Focus on restructuring your business model. Many cannabis companies in Canada are grappling with high operating costs and regulatory burdens. To remedy this, consider streamlining processes and renegotiating supplier contracts to enhance profitability. Analyze your pricing strategy closely. A significant factor in the financial struggles of these companies is the oversaturation of the market. Adjust […]
Understand the cannabis tax framework in Canada to manage your expenses and investments effectively. At the federal level, cannabis is subject to a 10% excise tax or $1 per gram, whichever is higher. This tax is applied to cannabis products sold to distributors and helps fund various public health initiatives. In addition to the federal […]