On Nov. 21, 2017, Statistics Canada announced that it is preparing the country’s statistical system to capture economic and social data on the use of recreational cannabis.
Tag Archives: Canada
OTTAWA, Ont., Nov. 21, 2017 /Weed Wire/ — The current approach to cannabis does not work. Earlier this year, the Government of Canada introduced Bill C-45, the proposed Cannabis Act, to legalize, strictly regulate and restrict access to cannabis. Bill C-45 aims to keep cannabis out of the hands of Canadian youth and the profits away from criminals and organized crime.
While Canadian cannabis producers are preparing for the country’s roll out of recreational cannabis, they are also preparing for a potential shift in the market’s landscape.
WHITEHORSE, Yukon, Nov. 20, 2017 /Weed Wire/ — The Government of Yukon has released its proposed framework for the legalization of cannabis, which will form the basis of new territorial legislation to regulate cannabis in Yukon.
TORONTO, Ont., Nov. 20, 2017 /Weed Wire/ — Thirty-seven percent of Canadian licensed cannabis producers are focusing on scaling up capacity and production to meet anticipated post-legalization demand, according to a new Canadian EY cannabis study of licensed producers.
Canada’s weed stocks, which have surrendered some of the potent gains that pushed them to record highs this month, face a bumpy ride in 2018 that could purge smaller players, as the country moves to allow recreational use of cannabis in July.
While New Brunswick marijuana was slated to be supplied by two public companies, the province has added one more licensed producer to the mix.
ATHOLVILLE, New Brunswick, Nov. 20, 2017 /Weed Wire/ – A memorandum of understanding has been signed with Zenabis to supply the provincial government with cannabis for the recreational market. The move is related to preparations for the federal government’s legalization of cannabis for recreational use, expected in July 2018.
A large marijuana producer is hopeful that Canadian physicians will use a new test to help patients determine whether medical marijuana treatment would be effective for them.
Not surprisingly, Canadian pot stocks have been the top performers of late, with Canopy Growth Corp. (NASDAQOTH:TWMJF), the now-largest marijuana stock in the world by market cap, leading the charge.
Vancouver-based Aurora Cannabis Inc. said Tuesday that it has made an all-share offer for CanniMed Therapeutics Inc., a fellow Canadian medical marijuana company.
WASHINGTON, Nov. 14, 2017 /Weed Wire/ — New Frontier Data, the global cannabis industry authority in intelligence reporting and data analysis, and Steep Hill, the leader in cannabis testing and scientific analytics worldwide, have created a strategic alliance to offer their technology and scientific expertise to governmental agencies in European Union member countries.
OTTAWA, Ontario, Nov. 14, 2017 /Weed Wire/ — Cannabis Canada, and the licensed producers of medical cannabis it represents, share the Government of Canada’s commitment to regulating and restricting access to cannabis to keep it out of the hands of youth, and the profits out of the hands of criminals.
OTTAWA, Ontario, Nov. 14, 2017 /Weed Wire/ — The Department of Finance Canada today published for consultation a proposed excise duty framework for cannabis products. The proposed level of taxation is intended to keep prices low to eliminate the black market, as discussed at the Finance Ministers Meeting last June.
While several provinces have announced their plans for recreational cannabis distribution and retail operations, industry stakeholders have been waiting for an announcement on the Canadian cannabis tax framework and that moment has now arrived.
OTTAWA, Ontario, Nov. 10, 2017 /Weed Wire/ — Today, Health Canada hosted a one-day public education symposium with approximately 90 representatives from federal, provincial and territorial governments, Indigenous groups, and health and other partner organizations that play a role in raising awareness and educating Canadians about the health and safety risks of cannabis use.
OTTAWA, Ont., Nov. 10, 2017 /Weed Wire/ — The current approach to cannabis is not working, and the Government of Canada is committed to legalizing, regulating and restricting access to cannabis to keep it out of the hands of kids, and profits out of the hands of criminals.
Manitoba’s the latest province to unveil its plan for marijuana sales and distribution, releasing details Tuesday on how the new industry will operate.
NANAIMO, British Columbia, Nov. 8, 2017 /Weed Wire/ — Tilray, a GMP-certified global leader in medical cannabis research and production, today announced that the company has successfully exported live medical cannabis genetics from its flagship British Columbia, Canada facility to its European Union Campus in Cantanhede, Portugal.
IBM Corp., one of the bluest of U.S. blue-chip companies, is touting blockchain as the supply-management tool of choice for an unusual industry — cannabis.
WINNIPEG, Manitoba, Nov. 7, 2017 /Weed Wire/ — In order to meet the July 2018 timeline mandated by the federal government to permit the recreational use of cannabis, the Manitoba government unveiled a hybrid retail and distribution model that allows both the public and private sectors to do what they each do best, Premier Brian Pallister announced today.
Making it easier to calibrate the correct dose of medical marijuana may prompt more physicians to prescribe it as an alternative to a painkiller such as opioids, according to one Canadian company.
PHOENIX, Ariz., Nov. 7, 2017 /Weed Wire/ — Corix Bioscience Inc. (OTCQB: CXBS) has purchased 100% of Pharmaceutical Development Corp., allowing Corix to commence selling its proprietary cannabis products internationally.
Canadian Prime Minister Justin Trudeau introduced legislation to legalize recreational marijuana throughout the country, which plans to be in effect on Canada Day (July 1) 2018. Now, many experts have predictions for the Canadian marijuana economy as a result of the cannabis industry becoming legal.
OTTAWA, Ontario, Oct. 31, 2017 /Weed Wire/ — The Government of Canada introduced legislation to legalize, strictly regulate and restrict access to cannabis to keep it out of the hands of Canadian youth and the profits from criminals and organized crime.
Drinkable cannabis has been on the rise since the advent of states in America with recreational marijuana legalization and now that Canada is on the brink of implementing recreational legalization, a recently announced strategic relationship has the future of Canadian cannabis beverages looking bright.
With New Brunswick cannabis set to be cultivated by Organigram (TSXV: OGI) and Canopy Growth (TSX: WEED), the provincial government has now determined that a Crown corporation, not the private sector, will handle retail cannabis sales.
Enforcing Canada’s new legal weed comes with a high price tag. The federal government will spend C$546 million ($426 million) over the next five years to implement its new cannabis laws, according to the latest budget forecast.
SMITHS FALLS, ON and KINGSTON, JAMAICA, Oct. 25, 2017 /Weed Wire/ – Canopy Growth Corporation (TSX: WEED) is pleased to announce that it has launched a strategic partnership in the Jamaican cannabis market as part of its ongoing international expansion.
The high-growth industry certainly offers terrific prospects that would be envied by many tech stocks. However, a big hurdle for some investors is investing in “sin stocks,” or what could be perceived as unethical industries and businesses.
EDMONTON, Alberta, Oct. 20, 2017 /Weed Wire/ — Albertans have one more week to provide their feedback on the draft Alberta Cannabis Framework through an online survey.
There’s a massive Canadian marijuana news story that we’ve been following for over a year here at Money Morning. The news could lead to the Canadian cannabis industry growing by 400% in just four years, and you can profit by getting in right now…
TORONTO, Ontario, Oct. 19, 2017 /Weed Wire/ — Marie-France Lalonde, Minister of Community Safety and Correctional Services, and Yasir Naqvi, Attorney General, released the following statement regarding Ontario’s Cannabis Legalization Enforcement Summit.
With the recent publication of North America’s first scientific paper on advancing medical cannabis production, researchers at the University of Guelph in Ontario are investigating the brave new science of organic cannabis production.
Shares of Canadian marijuana company Aphria Inc sank on Tuesday, after the operator of the Toronto Stock Exchange said cannabis companies with U.S. interests would come under heightened scrutiny and could be delisted.
LOS ANGELES, Oct. 17, 2017 /Weed Wire/ – MJIC Inc. completed its third quarter rebalancing of the Marijuana Index, adding two new cannabis companies each to the United States Marijuana Index and the Canadian Marijuana Index.
Canada’s TMX Group Ltd (X.TO), operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the United States, where their operations are illegal under federal law.
TORONTO, Ontario, Oct. 16, 2017 /Weed Wire/ – The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities, which among other things, outlines CSA staff’s specific disclosure expectations for issuers that have, or are in the process of developing, marijuana-related activities in the U.S.
Singer-Songwriter Melissa Etheridge has long been an advocate of medical marijuana and on Aug. 17, 2017, her advocacy met a prohibition reality when she was charged with simple possession in North Dakota, but Etheridge kept it all smiles for her mug shot.
TORONTO, Ontario, Oct. 13, 2017 /Weed Wire/ — Khiron Life Sciences Corp. (“Khiron” or the “Company”) reports that Matthew Murphy, Security and Compliance Advisor to Khiron, and former U.S. DEA Chief of Pharmaceutical Investigations, will be featured as part of a 60 Minutes and Washington Post joint investigation on the U.S. opioid crisis.
It is perhaps an overstatement to say that Big Tobacco is unhappy with weed becoming legal — after all, they claim that marijuana isn’t a substance that can act as a substitute for tobacco consumption.
With weed legalization on the horizon, dozens of grey-market dispensaries remain open in Toronto. VICE offers a glimpse into the violent cannabis dispensary robberies that are creating a rift between shop owners and police.
CALGARY, Alberta, Oct. 10, 2017 /Weed Wire/ — Sunniva Inc. (“Sunniva” or “the Company”), a North American provider of medical cannabis products and services, is bringing advanced greenhouse technology to Cathedral City, California, following unanimous approval of the project by the city’s Planning Commission.
The stock of MedReleaf Corp. has recently outperformed those of other top marijuana stock players in Canada, and there could be further price gains going forward after the recently listed cannabis firm has found its footing and stopped the earlier quarterly revenue declines.
Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada’s burgeoning marijuana industry, even as some lenders shun the sector.
Canada’s biggest medical cannabis producers are seeing their stock prices rise after the federal government announced a plan to levy a one dollar per gram tax on recreational marijuana sales.
When the province of Alberta announced that it was surveying the public on Alberta cannabis regulations, it didn’t know that more than 45,000 residents would submit their opinions on the matter.
EDMONTON, Alberta, Oct. 4, 2017 /Weed Wire/ — The Alberta Cannabis Framework proposes who will be able to buy and use cannabis once it is legal, where they will be able to buy it and where they will be allowed to use it.
Canada is proposing a federal excise tax on marijuana to help ease the path to legalizing the drug, Prime Minister Justin Trudeau said on Tuesday, drawing a cautious response from provinces that would oversee the process.
PARIS, Ontario, Oct. 3, 2017 /Weed Wire/ — Emblem Corp. (TSXV:EMC) (EMC.WT) (“Emblem” or the “Company”) announced today that it has entered into a Collaboration and Licensing Agreement (the “Agreement”) with Canntab Therapeutics Limited (“Canntab”) of Toronto.