Extract Magazine
Beginner Business Dispensaries Retail

The Complete Guide To Bitcoin – A History of Bitcoin & Cannabis and a Guide To Using Bitcoin In Canada

Jay Alexander
Bitcoin is the original crypto currency. Released as a form of peer-to-peer digital transaction with the aim to remove the trust element that comes with third party financial services. Bitcoin allows you to manage your funds absent of a bank, removing fees and putting the security in your hands.  This type of currency  doesn’t require the opening of an account...
Business Profiles

Cannabis Inspired Art From The End of The World: The Contemporary Creations of Patagonia Artist Julian Bustos

Jay Alexander
Julian Bustos is a low key artist that resides deep in Patagonia. When our team came across his work, we were instantly captivated by the unique emotion depicted on each canvas. Julian isn’t your typical painter, artist or online creative, but a guru of digitally remastering art-book drawings, using both traditional and contemporary techniques. He’s a family man that lives...
Business News Events News Press Release

Calgary and Edmonton Cannabis Expos Postponed – New Dates & Free Tickets Inside

Jay Alexander
Amidst growing concerns of COVID-19’s ability to spread and quickly, Canada’s top cannabis events are being cancelled and postponed across the board. Non essential services, and no group events, means there’s really no other option. The Calgary Cannabis Expo and the Edmonton Cannabis Expos are two of Alberta’s largest cannabis trade shows, attracting audiences in the thousands, featuring kiosks from...
Business News

Leafly Lays Off Nearly 40% Of It’s Workforce Amidst COVID 19 Panic

Jay Alexander
Following mass layoffs and panic, the cannabis industry in North America has lost more jobs and continues to downsize amidst the growth of COVID-19 virus. A number of social media accounts early Monday are suggesting that Seattle based Leafly has slashed another 91 jobs due to the outbreak. Yet to be officially announced in an official press release, the buzz...
Business Business News Licensed Producers News

Cannabis Industry Loses 1000 Jobs: Canopy Growth Corp Joins Aurora Cannabis in Massive Canadian Lay Offs

Jay Alexander
2020 has been a rocky start for licensed cannabis producers in Canada as industry layoffs have plagued two of the worlds largest cannabis companies Aurora Cannabis, and now Canopy Growth. Since legal cannabis’ inception in Canada late 2018, logistics have posed a problem for licensed producers of all scales. Regulatory requirements, and costs associated with getting licence approval has created...
Business Press Release

A “Make Your Own” Night, featuring Cannabis Infused Tinctures & Crystal Infused Elixirs

Stacey Perlin
Calgary, Alberta | March 2, 2020 “Through sharing my knowledge, recipes, and experiences I’m hoping to nurture your sense of curiosity about cannabis, tinctures, and elixirs. I present some of the reasoning that brought these medicines into my life. You’re welcome to ask your questions about infused tinctures, elixirs, and to get excited about making your own! I’ll answer what...
Business Press Release

The World’s First CBD Infused Mattress Company, ZBD Bed, to Launch New Products in 2020.

New Jersey— March 2, 2020 — The New Jersey-based company, ZBD Bed, is making waves in the CBD and mattress industries by combining the two into the first CBD-infused mattress on the market.  Prior to launching in November of 2019, ZBD Bed invested 3 years of research and development into perfecting their long-lasting CBD-infused mattress. The pursuit of a pain-free,...
Business News News

20% Tax Increase Coming To Vape Products In Alberta

Jay Alexander
The Alberta 2020 Tax Plan has been released and inside the province takes aim at vape products with a 20% tax increase that applies to all vape hardware, e liquids and products that allow consumers to make their own products at home. Escaping the tax increase is tobacco, pharmaceuticals and non vape related cannabis products. Product TypeTaxableAll vaping devices (e.g.,...
Business News Science

Costs of Becoming a Medical Cannabis Producer Skyrocket as Health Canada Drops a Bombshell

Jay Alexander
Health Canada is taking additional steps to protect the integrity of the current medical cannabis system. While many industry insiders suggest the new changes are simply another move disguised to prevent new entries to the medical cannabis market in Canada. On May 8, 2019 the processes, and costs associated with becoming a medical cannabis producer in Canada drastically shifted, with...
Business News Dispensaries News

Recreational Cannabis Income Statistics Since Legalization

Jay Alexander
The graph below compares recreational cannabis retail purchases in actual dollar amounts by province and territory, across Canada October 2018 – February 2019. *Actual sales figures – multiple each number by 1000. RegionOct 2018Nov 2018Dec 2018Jan 2019Feb 2019Canada41,46553,72657,33554,87649,893Alberta5,70111,20514,22514,03712,342Quebec9,41611,85911,99311,21811,389Ontario11,4548,9208,7218,9477,539Nova Scotia4,4516,3656,4225,4084,610Manitobaxx4,1633,8944,067New Brunswick2,1903,0293,2643,0352,677Saskatchewan2,4622,3302,4972,5422,344British Columbia2701,0771,2391,9631,923Newfoundland and Labrador2,1442,6152,8552,1251,390Prince Edward Island8501,2531,3481,2261,077Yukonxx403337289Northwest Territoriesxx205144246Nunavut.......... *Actual sales figures – multiple each number by 1000. Cannabis statistics Canada via Stats...