Canadian cannabis businesses would be among the first to capitalize if any other major country takes a meaningful step toward legalization, according to a new report from CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce. “The movement towards...
One of the world’s largest alcohol producers, Constellation Brands, plans to shed some of its U.S.-based wine portfolio as part of a strategic shift to beer and marijuana products, according to an exclusive report by Reuters.
A new report from one of Canada’s top banks is bullish on the growth of that nation's cannabis demand - but offers investors an assortment of sobering caveats. Scotia Capital, a subsidiary of The Bank of Nova Scotia, one of the top five banks in Canada, initiated...
Former Prime Minister Brian Mulroney says other countries will follow Canada’s lead on cannabis legalization, but it will take time. On the same day Canada legalized marijuana for recreational use, Mulroney announced his intention to join the board of Acreage Holdings...
Lithuania’s Parliament voted unanimously to give doctors the ability to prescribe marijuana to treat certain health conditions, making it the latest European Union country to approve the use of medical cannabis.
Former Canadian Prime Minister Brian Mulroney plans to join the board of New York-based Acreage Holdings, becoming the latest political heavyweight affiliated with the multistate marijuana company. Mulroney - prime minister from 1984 to 1993 - will join a board...
Provincial wholesalers and online retailers of recreational cannabis are lining up new distributors to avert a possible disruption in deliveries if Canada Post workers go on strike next week.
Canada took its first steps into a future of legal cannabis Wednesday, but what that means for prohibition in other countries largely remains to be seen.
Canada opened its doors to recreational marijuana Wednesday, becoming the first Group of Seven industrial nation to legalize recreational marijuana at the federal level. While few brick-and-mortar stores were actually operational, the launch marks the start of what...
When Canada becomes the first Group of Seven country to legalize recreational cannabis on Wednesday, market observers say it will amount to a "soft launch," with the full financial effect of this multibillion-dollar industry still years from being realized. The early...
The vast majority of Canadian consumers who had hoped to start legally growing their own cannabis for recreational use as early as Wednesday will be out of luck. Wholesalers in the country’s two largest cannabis markets - Ontario and British Columbia - confirmed to...
A harder stand on drugs by Colombia’s new president won’t have a negative impact on the country's burgeoning legal medical cannabis industry, according to executives in the country - and it could even be a positive development for the sector. President Ivan Duque...
