A groundbreaking marijuana joint venture has been created. Three leading international cannabis businesses are pooling their intellectual property and technology to create products for the global marijuana market, starting with Canada. Under the joint venture,...
Quebec - Canada's second most-populous province - introduced recreational marijuana legislation that would funnel retail sales through 15 government-run stores and ban consumers from growing marijuana at home. The bill, which must be approved by Quebec’s legislature,...
Canadian companies hope to cultivate a medical marijuana juggernaut in Colombia by combining Toronto's capital and technological expertise with the Latin American nation's favorable climate and location. Industry executives said they plan to use Colombia as a...
Merger mania is sweeping through Canada’s medical marijuana industry.
MedReleaf reached a stock-purchase agreement to raise 60 million Canadian dollars ($47 million) to finance the acquisition or construction of marijuana production and manufacturing facilities in Canada and overseas. MedReleaf – based in Markham, Ontario and traded on...
Licensed medical marijuana producers and patients groups are urging the Canadian government to reconsider its plan to impose an extra tax on MMJ. Ottawa wants to levy an excise tax on both recreational and medical marijuana. Groups such as...
Licensed producers of marijuana in Canada say the proposed federal tax regime leaves enough room for the recreational sector to compete with the black market and generate "meaningful profits" come legalization next summer. The tax would not apply to medical marijuana...
A private system of retailing cannabis would open up "unprecedented business opportunities" and generate more revenue for Alberta's government than a publicly owned monopoly, according to a local business group. A private model based on the province’s liquor system -...
Alberta's adult-use marijuana will be sold in private brick-and-mortar stores, according to the Calgary Herald, putting the province in a position to offer one of Canada’s hottest business opportunities for MJ entrepreneurs once cannabis sales begin next summer. The...
Cronos Group has closed a stock deal that raised 17.2 million Canadian dollars ($13.5 million) to fund research and development, expand Canadian cannabis production capacity and develop distribution infrastructure.
Tech titan IBM is pitching blockchain technology as a supply-management tool for British Columbia's recreational and medical cannabis industry, a possible sign that Big Blue is eyeing Canada as a way to enter the marijuana sector. IBM submitted a paper to British...
One of the largest marijuana retailers in the United States has acquired a "significant" equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market. Denver-based LivWell Enlightened Health...
