Canada Marijuana News

Study: Marijuana use in Canada doubled in 30-year span

Cannabis use among Canadians 15 years and older increased more than twofold between 1985 and 2015, according to new data released this week by Statistics Canada, indicating that the potential market for recreational cannabis is still growing. Adult-use marijuana is expected to be legalized federally in Canada late this summer. The new data – released […]

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CannTrust gets initial OK to list on Toronto Stock Exchange

CannTrust Holdings is set to become the first marijuana company to graduate to Canada’s senior stock market since listing requirements were clarified for companies with U.S. assets. The Toronto Stock Exchange (TSX) has given the Vaughan, Ontario-based company initial approval for the move. As part of its ascent, CannTrust will “assign its interest” in the U.S. intellectual […]

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Viridian: Investment money pouring into cannabis industry

Investors pumped $1.23 billion into the legal marijuana industry during the first five weeks of 2018, nearly matching the $1.29 billion in investments in all of 2016. The $1.23 billion is nearly 600% more than the $178 million invested in cannabis during the first five weeks of 2017, according to research by New York-based Viridian […]

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Canopy, Sunniva ink supply pact in Canada’s biggest marijuana deal

(This story has been updated from a previous version.) Two Canadian producers of medical marijuana have finalized a cannabis supply deal for what would be Canada’s largest transaction between two unaffiliated companies, essentially securing a long-term agreement and mitigating future risks. Smiths Falls, Ontario-based Canopy Growth has agreed to purchase up to 45,000 kilograms (99,000 pounds) of dried […]

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Greek parliamentarians start debating draft medical marijuana law

Greek lawmakers had their first opportunity to debate a draft bill to legalize medical cannabis production that was submitted to Parliament on Feb. 7. The draft law was taken up by the Committee on Production and Trade and the Committee on Social Affairs. Greece’s government has said it wants to fast-track plans to foster a […]

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Thailand considering steps to become ‘medical marijuana hub’

A proposed revision to Thailand’s notoriously strict narcotics law would ultimately permit the cultivation and use of medical cannabis across the Asian country. The draft text – completed in late 2017 and currently under review by the Office of the Council of State – would have to be sent to the nation’s Cabinet for approval. […]

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US retailer, Canadian LPs among groups tapped to sell cannabis in Manitoba

The province of Manitoba has tentatively accepted proposals from four applicants to sell recreational cannabis in the province, paving the way for possibly hundreds of stores in the coming years. In the coming weeks, the Manitoba government will continue to work with the four to determine the number and locations of the stores that will operate. […]

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Major Canadian insurance company adds medical marijuana coverage

One of the largest insurance companies in the world is including medical cannabis as an option on its Canadian group plans. Starting next month, Sun Life Financial will allow companies to add medical cannabis to group health plans as optional coverage. Sun Life’s decision could breathe fresh life into the growth of Canada’s medical cannabis […]

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Week in Review: Alcohol, tobacco and cannabis, Detroit’s MMJ issues & Tennessee CBD raids

Liquor and tobacco companies move into the cannabis sector, Detroit officials block medical marijuana dispensaries, and raids in Tennessee close 23 stores for selling CBD products. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of things to come The recent revelation by liquor distributor Pernod Ricard’s CEO […]

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