The former chair of Canada’s federal task force on cannabis legalization is calling on senators to avoid “undue partisan activity” as the bill faces the potential of a delay over contentious amendments that are under consideration. The Senate has every right to consider the Cannabis Act rigorously, Anne McLellan told Marijuana Business Daily. “But I’m hoping that partisanship […]Read More
A new report on Canada’s legal marijuana industry by the country’s fourth-largest bank signals growing interest in the sector among institutional investors, which until recently have been extremely cautious in their approach to cannabis businesses. Analysts on CIBC’s Institutional Equity Research team estimate that legal retail sales of recreational marijuana will reach 6.5 billion Canadian […]Read More
One of Canada’s biggest supermarket operators plans to enter the business of selling recreational marijuana products pending legalization late this summer.
Loblaw, a leader in the country’s supermarket industry, said some of its locations in Newfoundland are among 23 selected as “qualified applicants” to become licensed cannabis retailers.Read More
As British Columbia begins the process of securing supplies of recreational marijuana for sale later this year, concern is growing among executives that the province is lowballing cultivators.
That could limit the quality of products available in the legal market and bolster the black market, one industry executive warned.Read More
British Columbia-based cultivator Emerald Health Therapeutics signed a deal worth 90 million Canadian dollars ($70 million) to buy rival cannabis producer Agro-Biotech. The agreement expands Emerald’s (TSXV: EMH) footprint into Quebec, Canada’s second largest province. Based in Saint-Eustache, Agro-Biotech is one of six licensed marijuana producers in Quebec. The startup is on pace to have a […]Read More
Two of Canada’s leading marijuana producers, MedReleaf and Aurora Cannabis, confirmed they have held merger talks, but no agreement has been reached. In separate statements issued Thursday, MedReleaf and Aurora acknowledged that discussions were underway. Trading in both companies’ shares was halted temporarily on the Toronto Stock Exchange. MedReleaf is traded on the TSX as LEAF and Aurora as ACB. […]Read More
Canadian cannabis grower The Green Organic Dutchman launched its stock debut Wednesday – delivering a strong inaugural trading performance by finishing up more than 8% from its opening price. Trading under the ticker symbol TGOD on the TSX Venture Exchange, the stock opened at 3.60 Canadian dollars a share – 5 cents below the initial public […]Read More
Two Senate committees reviewing Canada’s proposed marijuana legislation are asking for significant changes to the bill before it becomes law – changes that could delay implementation and have a major impact on businesses prepping for the recreational market.
The Committee on Aboriginal Peoples wants the bill amended to address a “lack of meaningful consultation” with First Nations communities and asked for a delay of up to one year.Read More
California-based Steep Hill Labs, a prominent cannabis testing lab, has announced plans to expand operations to Mexico and six western European markets, further broadening the company’s global footprint. This is yet another example of a company using its Canadian presence to springboard into the growing international cannabis market. According to a news release, the licensee for Steep […]Read More
Over 1 billion Canadian dollars ($780 million) of cannabis products were shipped from Canada last year through unregulated channels, according to a preliminary estimate from the government’s statistics agency. The figure includes shipments approved by the regulatory body overseeing medical cannabis in Canada, “but they represent less than 1% of the total,” Conrad Barber-Dueck, chief of […]Read More
Cannabis businesses in British Columbia can leverage decades of market experience in cultivation, retail and research and development to maintain their dominant position in Canada’s marijuana industry when recreational use becomes legal later this year.
The province’s multibillion-dollar gray market includes hundreds of dispensaries and at least 4,000 licensed personal growers.
But how much of that will shift to the regulated market when it rolls out?Read More
Zimbabwe legalized the cultivation of cannabis for medicinal and scientific purposes, making it only the second country in Africa to lay the groundwork for a medical marijuana industry. Details of the country’s cannabis regulations were announced in the government gazette on Friday, according to Zimbabwe’s state-owned newspaper, The Herald. (The gazette prints official notices and […]Read More
- December 11, 2019December 9, 2019
GB Sciences awaits drug data, WeedMD mixes acquisition & advocacy, Cresco & Organigram raise capital and moreDecember 6, 2019December 4, 2019December 3, 2019
- December 3, 2019December 2, 2019
- November 26, 2019November 25, 2019November 25, 2019
- December 11, 2019December 11, 2019December 10, 2019December 9, 2019December 6, 2019
- December 6, 2019December 5, 2019November 29, 2019November 29, 2019
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