Canada Medical Marijuana News

Canadian medical marijuana grower Aphria lands CA$100M

Omar Sacirbey  | April 21, 2017

Aphria, one of Canada’s largest licensed medical marijuana producers, announced it has secured 100 million Canadian dollars ($74 million) in financing.

The financing will be used mostly to expand Aphria’s production capacity, which “is expected to supply more than 75,000 (kilograms) of high-quality cannabis at one of the lowest costs in the …

Week in Review: 4 takeaways from Canada’s recreational marijuana plan

Omar Sacirbey  | April 14, 2017

By Omar Sacirbey

The biggest marijuana business development this week – and quite possibly this year – originated north of the border.

On Thursday, the Canadian government introduced landmark legislation to legalize recreational marijuana, giving entrepreneurs worldwide a look at how the country could regulate the first adult-use cannabis market in a G-7 nation.

Canadian government introduces bill legalizing rec marijuana

Omar Sacirbey  | April 13, 2017

Canada’s government on Thursday introduced highly anticipated legislation in the House of Commons to legalize recreational marijuana, proposing that existing licensed medical cannabis producers get the first crack at business licenses.

The legislation sets July 1, 2018, as the target date for legalization, The Globe and Mail reported.

At that time, adults 18 or older …

Report: Canadian government to offer rec marijuana bill Thursday

Omar Sacirbey  | April 10, 2017

Canada’s federal government is expected Thursday to introduce widely anticipated legislation to legalize recreational cannabis.

According to The Globe and Mail, the legislation is expected to require adult-use cannabis to be offered in plain packaging, more like tobacco products versus alcohol.

A government official told the newspaper a “big gap” exists between the …

Cannabis-centric ETF begins trading on Toronto Stock Exchange

Bart Schaneman  | April 6, 2017

A marijuana exchange-traded fund – billed as the world’s first – began trading on the Toronto Stock Exchange on Wednesday, the latest sign the cannabis industry is becoming more of a mainstream sector.

The newly launched Horizons Medical Marijuana Life Sciences ETF packages the stocks of 14 marijuana-related businesses into one security, CBC News reported. …

Week in Review: Pro-cannabis bills in Congress, Canada rec legalization & Ohio’s testing plans

Bart Schaneman  | March 31, 2017

By John Schroyer, Omar Sacirbey and Bart Schaneman

Federal lawmakers introduce a slew of pro-marijuana bills, Canada eyes legalizing adult-use cannabis by July 2018, and concerns crop up over a little-known provision in Ohio’s MMJ law.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Canadian medical marijuana producer to open online store

Omar Sacirbey  | March 29, 2017

Canopy Growth Corp., Canada’s biggest publicly traded medical marijuana producer, plans to launch an online store that will offer patients one-stop shopping for the company’s various brands.

The move sheds light on how Canadian cannabis companies could increasingly turn to the internet as a new approach to peddling their products, particularly as the country …

Canadian producer invests $3M in Arizona medical marijuana grower

Omar Sacirbey  | March 28, 2017

Aphria, a federally licensed Canadian medical marijuana producer, increased its investment in an Arizona MMJ grower by $3 million.

Aphria now owns 5% of Copperstate Farms LLC through its subsidiary, Aphria (Arizona), and Copperstate Farms Investors controls the remaining 95%, according to a news release.

Aphria, based in Leamington, Ontario, on March 22 …

Report: Canada’s legal rec MJ program to start by July 2018

Omar Sacirbey  | March 27, 2017

Recreational marijuana will become legal in Canada by July 1, 2018, CBC News reported Monday.

The disclosure of the launch date for Canada’s rec sales is expected to piggyback on the liberal government’s announcement next month about the nation’s cannabis legislation, according to the national broadcaster.

Under the proposed legislation, which could be unveiled …