Canadian Medical Marijuana & Cannabis Industry News


Proposed rules for rec MJ in Canada due Wednesday

A Canadian task force will deliver a report Wednesday to the cabinet of Prime Minister Justin Trudeau on which rules should govern the country’s proposed adult-use cannabis marketplace. The report, by a nine-person group, is expected to address issues such as where marijuana will be sold, keeping profits away from organized crime and ensuring patients […]

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Flush with fresh funding, Privateer looks to expand overseas footprint

By Omar Sacirbey Privateer Holdings, a cannabis-focused private equity firm, plans to spend a significant chunk of the $122 million it has raised over the past year on expanding its international holdings and footprint through acquisitions, exports, additional hires and new ventures.

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Grower surpasses CA$1 billion in valuation

Canopy Growth Corp., the federally licensed Canadian cultivator that made history earlier this year when it listed on the Toronto Stock Exchange, distinguished itself again Monday when its stock closed at 11.16 Canadian dollars, making it the first cannabis company to be valued at more than $1 billion ($743,060,740). Canopy is now valued at almost CA$1.3 billion, […]

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Another Canadian medical marijuana firm licensed to export

Aphria, a federally licensed medical marijuana cultivator in Canada, has been chosen to export product to Australian biotech company Medlab Clinical. Medlab Clinical is conducting trials on the use of cannabis to manage pain in cancer patients, according to the Australian Associated Press, and will import a liquid blend of THC and CBD from Aphria […]

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Canadian tribe could become first of its kind to grow MMJ

The Siksika First Nation in Canada wants to build a 25,000-square-foot medical marijuana grow operation outside of Calgary on tribal land, which would make it the first tribe to produce medical cannabis in that country. The Siksika Nation has joined with LDI Group and submitted an application to Health Canada for a license to grow […]

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Renegade dispensaries a challenge for new Vancouver regulations

Illegal marijuana dispensaries in Vancouver, British Columbia, continue to defy the city’s medical cannabis licensing and regulations process by staying open despite being ordered to close. More than 50 illegal cannabis businesses still operate even after Vancouver officials issued 854 tickets to owners who refuse to close their shops, the Vancouver Courier reported. Some dispensaries have […]

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Report: Canada rec cannabis industry could top $22 billion

Canada’s widely anticipated recreational marijuana market could become a more than $22.6 billion industry once it’s legalized, according to a new report by Deloitte. The accounting and consulting firm’s report, scheduled for release soon, concludes that adult-use marijuana will be a huge jump-start for the Canadian economy, the Toronto Star reported. Prime Minister Justin Trudeau is expected […]

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Canadian pharmacy chain applies to dispense medical marijuana

Canada’s largest pharmacy chain, Shoppers Drug Mart, has formally applied to the federal government to be a distributor of medical marijuana. If Shoppers Drug Mart is allowed to sell medical marijuana by Health Canada, it would mark a major shift in Canada’s medical marijuana market. Currently, Canadian medical cannabis patients must either grow their own cannabis […]

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Another Canadian MMJ cultivator plans to go public

Canadian medical cannabis producer Emblem is set to go public next month on the TSX Venture Exchange, the electronic exchange owned by the parent of the Toronto Stock Exchange. The Ontario company is the latest federally licensed medical marijuana cultivator to list its shares on an exchange, thanks to Canada’s legalized MMJ industry. Emblem President […]

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Cultivator Aurora Cannabis raises CA$25 million

Alberta, Canada-based medical marijuana cultivator Aurora Cannabis announced Tuesday that it plans to raise 25 million Canadian dollars ($19 million) in a private placement of convertible debentures. The debt instruments mature in two years and can be converted into shares priced at CA$2. Under the terms of the private placement, Aurora said in a press […]

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Canadian medical marijuana cultivator offers mobile app

A federally licensed Canadian medical marijuana producer has rolled out a mobile phone app to make it easier for patients to research products and place orders for delivery while on the go. Cam Battley, of Aurora Cannabis, told the Canadian Press the company wanted to give customers the type of service offered by Amazon and […]

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Two Canadian banks say no to marijuana-related accounts

Two of Canada’s biggest banks – Scotiabank and the Royal Bank of Canada – say they aren’t providing accounts to plant-touching or ancillary marijuana businesses, forcing some owners to find new financial institutions that will take their money. Nathan MacLellan, the owner of Hemp County in Woodstock, Ontario, a store that sells accessories including pipes […]

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