Canada braces for cannabis gold rush

"We're charging $7 per gram for our most expensive strains", James said. Canopy Growth Corporation (WEED.TO) retreated as much as eight per cent to about $63 per share.

Canada has become the second country after Uruguay to legalise possession and use of recreational cannabis.

"I can't believe we did it".

Shopify, which provides the technology for numerous provincial online stores, said it had seen more than a million visitors, more than 100,000 orders, more than 100 orders per minute, "and we're just getting started", according to a tweet from Shopify executive Loren Padelford.

And with significant know-how gained since Canada's legalisation of medical marijuana in 2001, others including Aurora and Aphria are making inroads overseas as more and more foreign markets allow therapeutic cannabis use and research.

In New Brunswick, on Canada's east coast, the government's licensed cannabis stores have even put together a step-by-step guide for how to roll a ideal joint. But because the country uses US dollars, its legal marijuana sellers can not tap into USA -regulated financial systems such as USA banks or the major credit card networks, which are forbidden from handling drug money.

ASSOCIATED PRESS People legally smoke cannabis on the street in Toronto on October 17, 2018.

The products are displayed in plastic or cardboard packages behind counters.

However, many provincial governments' approval of only a small number of shops so far, and a shortage of weed supplied to these stores, means most Canadians' first toke on Wednesday will likely be of black-market pot.

About 90 minutes before the store opened, 60 or so people were lined up on the sidewalk in the heart of downtown Montreal.

Mueller Will Issue Findings on Collusion and Obstruction After Midterms
Unfortunately, it's unclear whether the public will actually see those findings-that's up to Mueller's boss, Rod Rosenstein . Trump has been a harsh critic of the Muller probe, referring to it as a "witch hunt" and "bogus" many times.

It's a different story in other provinces, where brick-and-mortar stores across the country welcomed the first buyers at the crack of midnight.

Mr Trudeau's office have said the prime minister "does not plan on purchasing or consuming cannabis once it is legalised".

The country's new federal cannabis act went into effect Wednesday, legalizing use for adults 18 or 19 and up, depending on the province. In Quebec, a newly-elected government has promised to hike it to 21.

"Don't try to bring pot over the U.S. Border", said U.S. Customs and Border Protection Champlain Port of Entry Director Steve Bronson.

A patchwork of regulations has spread in Canada as each province takes its own approach within the framework set out by the federal government.

Nine U.S. states have legalized recreational use of pot, and more than 30 have approved medical marijuana.

However, Ontarians are only now allowed to purchase weed online, after the province's Conservative government introduced legislation that would change the policies adopted by its predecessor on where weed will be sold.

"We went down the path we went down intentionally because there was pent-up demand from USA institutional investors for exposure to this industry, and I think that interest is being reflected in the stock price and those institutional investors see Tilray as a global pioneer", he said.

Becky Prete drove from Kelowna to be among the first customers at the BC Cannabis Store.

She expects to run out in few days and doesn't know when she'll get her next order in.

Related News:

  • Antibiotic-resistant salmonella linked to chicken sickens 92

    The salmonella strain making people sick is resistant to several of the antibiotics usually used to treat the infection. Salmonella bacteria live in chickens and other animals and raw chicken, as well as eggs, are common sources.
    Someday, work with me again: Salman Khan tells Karan Johar

    Someday, work with me again: Salman Khan tells Karan Johar

    Till date, I never understood a script. "What I realised is that when you have fun off screen it translates on screen. Shah Rukh looked ever so handsome in black suit and Rani twinned with him as she stepped out wearing a suit as well.
    The Baseline Player of the Week: Borna Coric

    The Baseline Player of the Week: Borna Coric

    The 31-year-old is in imperious form and this was his 17th ATP victory in a row, as he taught the rising German star a lesson. The 37-year-old top seed was more like his old self on Friday, defeating eighth seed Kei Nishikori in two high-quality sets.
  • Sundar Pichai: Google 'exploring' censored China search app

    Sundar Pichai: Google 'exploring' censored China search app

    It seems likely Bezos was referring to Google as the big-tech-back-turner putting U.S. interests on the back burner. If that wasn't enough, Google's own employees have signed an open letter calling for Google to abandon the project.
    Supplements Often Tainted by Hidden Drugs

    Supplements Often Tainted by Hidden Drugs

    Pieter Cohen, an associate professor of medicine at the Cambridge Health Alliance in MA . One in five products was found to contain more than one hidden drug.
    Sloane Stephens qualifies for first WTA finals

    Sloane Stephens qualifies for first WTA finals

    Halep has played in 15 tournaments so far in 2018, but she followed up her first major title by losing in the third round at Wimbledon.
  • One Windies coach banned for 'inappropriate comments' in India Test

    One Windies coach banned for 'inappropriate comments' in India Test

    Once again, it was a cakewalk for India in the second innings after being handed a paltry 72-run target by the tourists. The hosts scored 367 runs with Rishabh Pant scoring 92 runs and Ajinkya Rahane contributing 80 runs with the bat.
    Facebook, MTV team up for 'The Real World' return

    Facebook, MTV team up for 'The Real World' return

    A sizzle reel MTV released today captures my hopes and dreams for this reboot-and my disappointment in what it's become-perfectly. It was a reality show back before reality shows were so prevalent, and it grew into a cultural phenomenon.
    Astros may have been cheating in Game 1 against Red Sox

    Astros may have been cheating in Game 1 against Red Sox

    It was reported that the man "had a small camera and was texting frequently , but did not have a media credential". Scott Miller says sign stealing is all people have been talking about.
  • Royals not changing Pacific travel plans despite zika risk

    Royals not changing Pacific travel plans despite zika risk

    A senior Palace source revealed Meghan and Harry have spoken to leading doctors and chose to go ahead with the tour as planned. The disease can be most unsafe to expectant mothers and can result in potentially serious birth defects.
    Bigg Boss 12: Dipika vs. Deepak in ‘Ghoda Gaadi’ luxury budget task

    Bigg Boss 12: Dipika vs. Deepak in ‘Ghoda Gaadi’ luxury budget task

    While the task was going smoothly, things got intense when Sreesanth stepped on the treadmill and started walking fast for Dipika. Sreesanth comes to know about it and tells Deepak to return the cap, but the latter pretends like he does not know anything.
    Google Pixel 3 XL teardown confirms Samsung AMOLED display

    Google Pixel 3 XL teardown confirms Samsung AMOLED display

    On top of all that, Titan M's firmware can't be updated or changed until the user's passcode is successfully entered. But on the other hand, this makes it much harder to open.


Most liked

The hilarious comment Prince Harry made about an Aussie lifeguard's feet
Despite a downpour of rain, the couple appeared to be in good spirits as they visited several different organizations. Their first official engagement in Dubbo was at the dedication of a new plane for the Royal Flying Doctor Service.

No trains to London Paddington this morning
Greater Western Railway said there were fewer than usual electric trains but most have been temporarily replaced by diesel trains. Am I entitled to compensation? To claim, go to Great Western Railways's refunds and compensation page.

Despite Trump criticism, Fed sees need for more rate hikes
The dollar also rose. "The continued risk of a fresh bout of weakness (in the yuan) can not be ignored" with U.S. FBN's Jennifer Schonberger gives a summary of the Federal Reserve's minutes from its September meeting.

Missing Wisconsin teen’s parents were shot to death, says sheriff
The Miami Police Department tweeted that Jayme Closs may have been seen in the Florida city on the afternoon of October 15. The sheriff says he can not say for sure that it is not Jayme Closs in surveillance video from Florida released Tuesday.

Trump to Withdraw US From Postal Treaty, Squeezing China
The official described it as an economic distortion that the administration wanted to correct. The treaty was last modified in 2016 to raise some shipping costs on Chinese exports.

Canelo Alvarez Signs 11-Fight, $365M Deal With DAZN
The historic deal marks a major change in the boxing landscape, where its biggest stars traditionally fought on pay-per-view. John Skipper, executive chairman of Perform Group, DAZN's parent company, had the following to say on the deal being made.

Meghan tries her hand at Aussie Rules football
In her arms, the Duchess carried the Gucci Sylvie leather chain bag, which retails for $2,650. And despite recent welcome rain, it's going to take a lot more, and a long time, to recover.

MJ Akbar: India minister quits after #MeToo allegations
On Tuesday, the head of the Indian National Congress' national student union quit as women accused him of harassment. His resignation comes in the wake of a series of allegations of sexual harassment levelled by at least 16 women.

Chinese Live Streamer Held For 'insulting' National Anthem
According to media reports, Ms Yang had some 44 million followers on Huya before her account was shut down. TikTok, another popular streaming app where she also has 44 million followers, also deleted all her videos.

Kershaw dominates as Dodgers move one win away from Series
Don't believe us? Kershaw has registered 12 quality starts (6 IP, 3 ER or fewer) in 22 career postseason opportunities. Kershaw gets a bad rap, but he shouldn't be considered a bad postseason pitcher. "He's having a bit of a rough patch".

SPOILERS* Aleister Black's WWE NXT Attacker Revealed!
Lars Sullivan out, he says this isn't up for debate, this is Lars Sullivan Territory and the NXT Title belongs to him. NXT Tag Team Champions Kyle O'Reilly and Roderick Strong talk about defeating The War Raiders. -EC3 def.

President Trump presents Medal of Honor at the White House
He enlisted in Little Rock and served in the Marine Corps until 1980. "All I can say is keep it up, I think it'll pay dividends". Pentagon officials told CBN News , after Canley's captain was wounded in the fighting, then-Gunnery Sgt.

USA regains title of world's most competitive economy
Switzerland meanwhile landed in fourth place - with a score of 82.6 - after nine years at the top of the WEF ranking. Creative capacity reached the lowest score with just 33 points but still ranked 82nd out of 140 countries.

Forecasters Tweet About Major Flooding Along Llano River: "Seek Higher Ground!"
Kingsland, where the bridge collapsed , sits in Llano County, and is the meeting point between the Llano Rove and Colorado River. The National Weather Service says "major flooding" is occurring along the Llano River and the nearby Colorado River on Tuesday.

Northern Irish author Anna Burns' 'Milkman' wins Man Booker Prize
Mr Appiah said numerous 171 books that had been submitted for the prize were overlong and badly in need of a vigorous pruning. And later, she told Radio 4's Today programme that she creates the end of sentences before the beginning.