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Canada’s marijuana millionaires surprised by stock surge

April 4th, 2018

Terry Booth didn’t expect his life would come full circle, thanks to canadian marijuana.

He sold pot in high school, peddling quarter ounces for $25 to help out his dad. He spent the next two decades working as an electrician and entrepreneur, and planned to semi-retire to the golf course after taking a step back from his construction permit firm. That idea went to pot, literally, when his business partner Steve Dobler said his brother-in-law was looking for investors on a marijuana play.

“Steve’s a pretty conservative guy; I thought he was kidding,” said Booth, 53, sitting in a hotel conference room in Edmonton, not far from where Aurora Cannabis Inc. is building a greenhouse the size of almost 14 football fields. “But he wasn’t.”

Booth and Dobler are the largest individual holders of Aurora, Canada’s second-largest marijuana firm. Their combined stakes are now approaching $200 million, making them among the wealthiest shareholders in Canada’s growing crop of newly-minted marijuana millionaires.

As Canada moves to legalize recreational cannabis, the value of the nascent market has ballooned to more than $25 billion, swelling the ranks of affluent pot investors who have significant holdings in companies such as Canopy Growth Corp. and Aphria Inc. The U.S. legal market is expected to reach $75 billion (U.S.) in sales by 2030, almost as large as North America’s soft drink market, according to research firm Cowen & Co. Canadian sales could soon be worth between $7 billion and $12 billion a year, Beacon Securities estimates.

Even after a recent sell-off, many marijuana-related stocks have more than doubled in the last year. Never mind that recreational marijuana won’t be legal until later this year and some publicly traded companies have yet to make a sale.

“Insiders have created a huge amount of wealth for themselves and even early investors,” PI Financial analyst Jason Zandberg said in a telephone interview. “It reminds me of back in the dot-com days. You always heard of a friend of a friend who got in early and got their company bought out.”

Companies initially began piling into the sector in 2013 after Canada changed the rules governing medical use to allow access through licensed producers. Still, before Prime Minister Justin Trudeau wooed voters in the 2015 election with a promise to legalize recreational marijuana, publicly listed medical pot firms were trading for pennies. In mid-2015, Aphria traded for less than $1 (Canadian), while PharmaCan, which later renamed itself Cronos Group Inc. and listed on the Nasdaq Stock Market, hovered around 30 cents.

 

Source : https://www.thestar.com/business/2018/04/06/canadas-marijuana-millionaires-surprised-by-stock-surge.html

Nevada State Governor Has Declared a “state of emergency,” They are running out of marijuana.

After only two weeks of marijuana being legally available in Nevada, the state has declared a state of emergency:

Their supply can’t meet demand and is running extremely low. The issue lies
within the states lack of distributors who are licensed to sell marijuana.
Governor, Brian Sandoval, recently announced the state of emergency, allowing officials to
focus on new rules that could fix this problem before it gets worse, according to Fox News.
The Nevada Taxation Department stated that they are considering allowing select liquor stores to
sell and cash in on marijuana sales.

“Based on reports of adult-use marijuana sales already far exceeding the industry’s expectations
and the states 47 licensed retail locations and the reality that most stores are running out o inventory, the Department must immediately address the lack of distributors,” the Department of
Taxation stated. “Some establishments report the need for delivery within the next 48-72 hours.”
The state underestimated the demand of adult-use medical marijuana. The state has 47 licensed
marijuana retail locations and each store is struggling to keep up with demand.

In November, liquor stores were given the opportunity to sell marijuana and devices like the
herbal vaporizer if they met a list of specific requirements. Unfortunately, many of these
establishments failed to meet the requests of the government. Officials stated that they are
currently working with liquor wholesalers to help them meet the necessary requirements for
licensing.

A spokesperson for the Department of Taxation released a statement, “We continue to work with
liquor wholesalers who have applied for distribution rights. However, a majority of these stores
have not yet met the current requirements to obtain a license. Many applicants have postponed
necessary inspections due to their facilities not being ready,” said a spokesperson from USA
Today.

Dispensaries were originally only allowed to distribute retail medical marijuana and devices like
the dry herb vaporizer, but since then they have been given the right to sell marijuana recreationally as well. The problem is, these dispensaries can only purchase product from a
licensed distributor, whom are experiencing little to no supply.

The Department of Taxation stated that “Business owners have invested hundreds of millions of
dollars to set up facilities across the state,” they also noted “thousands of employees have been
hired and trained to meet market demand.”
If the distribution issued is not solved quickly, states will be unable to deliver product to the
consumer and many people will lose jobs.
The state of Nevada just recently joined Colorado, Oregon, Washington and Alaska in allowing
adults the right to purchase and consume marijuana recreationally.

For an individual to purchase marijuana, they must be 21 or older and have a valid ID. Each
person can go to one of the states 47 dispensaries and purchase up to an ounce of marijuana.
Usage of the drug is still restricted and it can only be smoked or consumed in a private domicile.
It cannot be used in public, at any hotel or casinos. If you are caught using the drug in public you
can be charged with a $600 misdemeanor fine, even if you are using a weed vaporizer.

 

 

References
Fox http://www.foxnews.com/us/2017/07/11/nevada-marijuana- supply-running- low-state-
emergency-declared- governor-says.html
USA Today  https://www.usatoday.com/story/news/nation-now/2017/07/08/nevada- dispensaries-running-out- marijuana/461553001/
Cannabis Business times http://www.cannabisbusinesstimes.com/article/nevada-declares- state-of-emergency/

Marijuana in Canada is Changing: Here’s What You Should Know

The Marijuana Market in Canada, keeps Growing!

People have used marijuana for healing and medicinal purposes for hundreds of years. Even though modern medicine and science have made rapid progress in the last few decades, it seems that they still don’t have an answer to many questions that are bothering people today. For example, they are still far from finding a cure for cancer. That’s why more and more people are turning to alternative treatments and marijuana is one of them. According to the latest surveys, the marijuana market in Canada is growing every year. From cannabis products to weed vaporizer devices, people are more and more interested in marijuana-related products and accessories. Before we go into details and analyze the current situation on the marijuana market in Canada, let’s mention a few things about the status of this herb in the past.

 

An overview of the legalization of marijuana in Canada

Back in 1923, the Canadian authorities have decided to ban marijuana. (1) The first marijuana-based cigarettes were seized 9 years later. But, the first charge for possession of marijuana was laid in 1937. This means that even back then, the authorities didn’t view marijuana use as some sort of serious crime. Another important year for the status of marijuana in Canada is 1961 when Canada became part of the international treaty signed in the United Nations. This treaty that we now know as Single Convention on Narcotic Drugs has listed marijuana in the category of most restrictive drugs. This is when this drug became an internationally controlled substance. Even today, when marijuana is legalized in Canada, this treaty is still making problems for complete legalization.

In 1999, a comprehensive survey has confirmed that over 78% of Canadians support medical marijuana use. In 2001, Canada reveals the Marijuana Medical Access Regulations which made possession of medicinal marijuana legal. Finally, in April 2017 the Cannabis Act was introduced to Canadian Parliament. This act will legalize cannabis in every Canadian province for both medicinal and recreational use. Experts expect that this act will be passed and that marijuana will be completely legalized in Canada in 2018. Now, let’s analyze the situation of the marijuana market in Canada.

 

Canadian marijuana market – an overview

Abacus Data, a survey agency, has conducted a survey which included 1,500 adult Canadians. According to this survey, 84% of the participants that were older than 18 have never used marijuana in any form. On the other hand, just 5% of those 16% of Canadians that have used this herb said that they are using it on a daily basis. Finally, 3% said that they use it a few times per week. (2)

Of course, we should not base our opinion on just one survey and study. For instance, Deloitte has revealed a report in 2016 that suggested that about 22% of Canadians over 18 use cannabis once in a while. Based on this data, Deloitte believes that the market of marijuana for recreational use in Canada can reach around 8.7 billion dollars. If we add the supporting services the market can reach 22.6 billion dollars. Additionally, the survey conducted by Deloitte suggested that 17% of the participants said that they might want to try marijuana if this herb is completely legal. In other words, the potential marijuana market would include about 40% of the adults.

It is very difficult to make predictions based on assumptions. Due to the fact that marijuana is still not completely legal, many people have prejudices related to it. The process of legalization and the amount of evidence that has confirmed that marijuana can actually be beneficial for our health might change the public opinion about this natural remedy.

 

The rise of marijuana accessories

Another interesting topic related to the marijuana market is the marijuana use accessories. Namely, people in Canada can buy this kind of accessories freely for years now. The fact is that most of them stick to accessories that have proven to be effective when it comes to marijuana use. For instance, most people use a dry herb vaporizer that can be used for consumption of other herbs too. Dozens of companies in Canada have at least one weed vape model in their offer. Using an herbal vaporizer has proven to be a cleaner, safer and more efficient way of marijuana use especially when it comes to medical use. Some of these products are expensive, but they are worth the money. The other solution is to use pipes and bongs, but these accessories are very fragile.

When talking about the size of the marijuana market, it is worth highlighting the fact that the companies in Canada focused on cannabis have started creating different products based on this herb. For example, users can now find extracts, crystallized varieties of cannabis, wax and more.

The PBO has recently announced that their estimates are that Canadians will use between 400 and 1200 metric tons of marijuana by 2021. (3) The same report has pointed out that the quick legalization of cannabis for every kind of use could lead to shortages on the market. This change may affect the price of marijuana. Another indicator that this market will grow is the emergence of completely new companies in the marijuana industry. At the same time, existing companies that have worked for a few years now are investing in expansions. They are making huge facilities where they can grow marijuana legally. This is quite natural because the same thing happened in some US states before the legalization was official like Colorado. This market has become saturated after one year.

 

Final thoughts

If we take a closer look at the numbers and projections we can freely say that the legalization of marijuana in Canada will keep the marijuana market growing at least in the next few years. No one can predict how much marijuana and how many marijuana accessories will be sold, but this is a promising market. On top of that, modern science will make the use of marijuana more attractive by providing new solutions for the use of this herb and by offering new evidence related to the beneficial properties of cannabis.

 

 

 

 

 

 

 

Vaping Weed: How to Smoke Dabs with a BC Weed Pen

New to the wonderful world of pre-loaded dab pens? Here’s how they work.

Dabbing is the biggest trend in cannabis culture right now, but what do you do if you can’t afford the lofty price of a dab rig? Or what if you like to take your weed on the go? (That’s pretty difficult to do with a huge glass dab station and a butane torch!) Good news: you can still get all the benefits of dabbing without the high price tag of the equipment—and you can easily take it on the go! Dab pens are your new best friend.

 

Most dab pens require all kinds of steps, like charging the battery before each use, buying the concentrate separately, loading up the concentrate to the correct level, priming the wick… but who wants to go to all that trouble? Here’s how to use your BC Weed Pen… all the benefits of dabbing without any of the hassle!

 

Take it Out of the Box

When your new dab pen arrives, you’ll simply have to take it out of the box. No charging required, and no separate purchase of concentrates or e-liquid. It’s as easy as that!

 

Admire Your New Dab Pen

You’ll notice that your BC Weed Pen has a discreet design that looks just like a regular e-cigarette. You can even choose from different colors depending on your personal style. Unlike with a normal dab rig or other weed equipment, no one will suspect that you have cannabis on you!

 

Take it On the Go

If you’re at home, if you’re traveling and staying in hotels or if you’re just walking down the street to the corner store, you can easily take your portable dab pen with you. Just carry it in your pocket—it’s small and lightweight enough. You won’t have to worry about making a mess, spilling on the floor or getting shatter on your furniture, you can’t burn a hole in your clothes on accident, and you won’t smell up your house or your hotel room!

 

Start Vaping Weed!

Wherever you are, you can go ahead and start smoking your new dab pen! Our odor-free vape smoke makes it possible to even smoke weed in public, and the discreet design is a bonus too!

The benefits of vaping weed are endless, and it’s even better when you use pre-loaded dab pens like BC Weed Pens. You don’t have to deal with the hassles of the other ways of smoking weed, and it’s super easy to travel and smoke discreetly. Shop here for top quality dab pens and you’ll be vaping weed like a pro in no time!