Canada Marijuana News

Labeling error leads to recall of medical marijuana in Canada

A licensed producer of medical marijuana that issued a voluntarily recall says more than 70% of the product has been returned. Aurora Cannabis – based in Alberta and traded on the Toronto Stock Exchange under the symbol ACB – issued the recall last week for for 1.9 kg of dried marijuana because of a labeling mistake. The THC identified on […]

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New rules would have major impact on most Canadian cannabis businesses

A new set of regulatory proposals has been released by Health Canada that would have wide-ranging implications for most businesses in Canada’s marijuana industry — and even many stuck in the gray market. The regulations would facilitate the coming into force of the Cannabis Act – which is still subject to parliamentary approval – and […]

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Yukon plans to sell cannabis at government-run stores (for now)

Recreational marijuana will be sold at government-run stores to anyone 19 or older under Yukon’s detailed proposal, meaning there will be no retail opportunities for private businesses there in the near-term. The territory says it aims to develop regulations to license private cannabis retail down the road, though it didn’t specify a timeline. Consumption will […]

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Canadian cannabis producers brace for entry of alcohol, tobacco firms

Three-quarters of Canadian cannabis producers expect big tobacco, pharmaceutical and alcohol companies to muscle their way into the marijuana sector over the next three years. Recognizing there is substantial opportunity in the cannabis sector, established industries are expected to enter the space, such as Constellation Brands’ recent stake purchase of Canopy Growth, according to a survey by EY […]

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TerrAscend announces CA$52 million financing, Canopy partnership

A Mississauga, Ontario-based medical marijuana company is taking steps to raise 50 million Canadian dollars ($40 million) through a private placement of its securities to expand its existing facility and pursue strategic pharmaceutical assets. TerrAscend – traded on the Canadian Securities Exchange under the symbol TER – said in a news release that it entered […]

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Saskatchewan could open up cannabis sales to entrepreneurs

Saskatchewan doesn’t want to be in the business of owning retail marijuana outlets, according to its justice minister, suggesting more opportunities could be in store for entrepreneurs in the province. Justice Minister Don Morgan said Saskatchewan is leaning toward a private sales model, CBC News reported. Saskatchewan’s impending recreational marijuana industry could generate 250 million […]

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Newfoundland considers handing cannabis sales to private sector

Newfoundland and Labrador might allow privately owned stores to sell recreational marijuana, a move that would open up significant retail opportunities for entrepreneurs in the province. If the plan is approved, Newfoundland would become the first province east of Manitoba to give entrepreneurs a piece of the retail marijuana market. The Newfoundland and Labrador Liquor […]

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Aurora launching hostile takeover for rival CanniMed

Aurora Cannabis said Monday it is proceeding with a hostile takeover attempt for CanniMed Therapeutics this week after the rival medical marijuana producer rebuffed its initial friendly bid for 544 million Canadian dollars ($425 million) in stock. The hostile bid represents a new development in Canada’s emerging marijuana industry ahead of next year’s planned legalization […]

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Aurora to raise additional CA$100M for domestic, global growth

Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire rival producer CanniMed Therapeutics for CA$544 million ($425 million) in stock. It’s unclear […]

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3 medical marijuana titans team on ‘epic’ partnership to serve global market

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, Ontario’s Canopy Growth will give ownership stakes in one of its wholly owned licensed medical marijuana producers to Amsterdam’s Green House […]

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Quebec bill would create state-run cannabis stores

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, would allow consumption – which includes smoking – for anyone at least 18 years old, according to the […]

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Canadian companies aim to create medical cannabis powerhouse in Latin America

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 springboard to serve Latin America’s 400-plus million people who live in nations where some form of marijuana is […]

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