Health Canada Nearly Doubles Cannabis Production Licenses Since May

Canadian officials have nearly doubled the number of cannabis production licenses since May –  from 44 to 80 – as the nation prepares for adult-use legalization, the Canadian Press reports. Health Canada spokeswoman Tammy Jarbeau indicated that, as of Dec. 1, there are another 208 applicants in the final approval process. “These applicants have completed […]

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Canadian PM Trudeau ‘Doesn’t Know’ Where July 1 Cannabis Legalization Date Came From

In an interview with Quebec, Canada’s TVA network, Prime Minister Justin Trudeau said there was no firm date for cannabis legalization in the nation, but that the reforms would take place “next summer,” according to the Canadian Press, who received advance transcripts of the interview which will air tonight. “The date will not be July […]

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Canadian Tomato Grower Migrates Operations to Cannabis

North America’s largest pink tomato producer – whose operations are in in Mirabel Quebec, Canada – is partnering with Canopy Growth and Canopy Rivers to convert its 700,000-square-foot greenhouse for cannabis production. The new company, which has already applied to cultivate medical cannabis, will be called Les Serres Vert Cannabis Inc. The greenhouse currently holds […]

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Statistics Canada Study: Nation’s Cannabis Market Valued Between C$5B and C$6.2B

According to an Economic Insights study from Statistics Canada, the nation’s cannabis consumption was an estimated 697.5 tons in 2015, valued at C$5 billion to C$6.2 billion. The researchers estimate that in 2015 there were 4.9 million cannabis consumers 15-or-older; two-thirds of those were over the age of 25, while just 6 percent were 15 […]

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Marc and Jodie Emery Get Fines & Probation for Illegal Dispensaries

Marc and Jodie Emery – Canada’s “Prince and Princess of Pot” – have each pleaded guilty to possession of cannabis for the purpose of trafficking and possession of proceeds of crime more than $5,000, according to a CTV News report. The Emerys must each pay a $150,000 fine plus a $45,000 victim surcharge and spend […]

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Aurora Cannabis and CannaRoyalty Close to International MMJ Tech Deal

Canadian cannabis firms Aurora Cannabis and CannaRoyalty have signed a letter of intent which would give Aurora exclusive rights to MüV brand products – to which CannaRoyalty holds the licensing rights – in Canada, Europe and Australia. The products covered under the agreement include: MüV Metered Dose Inhaler MüV Transdermal Patch CBD Sports Gel CBD […]

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Canadian Provinces to Receive 75% of Cannabis Tax Revenues

Under a new deal with the federal government, Canadian provinces will receive 75 percent of taxes derived from the legalized cannabis industry after the feds initially proposed a 50/50 profit share, according to a BBC report. In October, Prime Minister Justin Trudeau proposed a 10 percent excise tax on recreational products that should not exceed […]

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Conservatives in Canada Could Delay Adult-Use Implementation

Conservative Canadian senators could prevent the nation’s legalization proposal from becoming law by the July deadline, the Globe and Mail reports. Sen. Claude Carignan suggests the bill’s passage could be pushed back to the end of 2018. “I think we have to do our job properly, and that means months. … The House took eight […]

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Canadian Cannabis Firm Finalizes Acquisition of Nevada Licensed Producer

Canada-based MPX Bioceutical Corporation has received final approval from both state and municipal regulators to acquire GreenMart of Nevada in a deal worth $17.81 million. GreenMart, based in Las Vegas, holds cultivation, production, and wholesaler licenses. The GreenMart North Las Vegas facility is expected to produce approximately 1.6 million grams of flower and 85,000 grams […]

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Prince Edward Island, Canada Release Cannabis Rules & Public Opinion Survey Results

Prince Edward Island, Canada has released its provincial cannabis industry regulations and the results of a public survey used to craft the rules. The purchasing age is set at 19 – in line with the survey results which found 47 percent support for aligning it with the drinking age in the province. Eighteen percent favored setting […]

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Nova Scotia, Canada Releases Provincial Cannabis Industry Regulations

The legal purchasing age for cannabis Nova Scotia, Canada will be set at 19 and the provincial Liquor Corporation (NSLC) will sell the product through its liquor stores, according to regulations unveiled by the Nova Scotia Department of Justice. The NSLC will also oversee distribution and online sales. The number of retail locations cannabis will […]

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Canada’s First Nation Leaders Considering Cannabis Legalization on Their Own Terms

Canada’s First Nation leaders are seeking the right to govern the sale and distribution of cannabis in their communities and are working toward adapting their own tribal rules for the industry that would be unique from federal or provincial rules, according to a Globe and Mail report. During the annual Assembly of First Nations conference, […]

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British Columbia, Canada Uses Survey to Devise Adult-Use Cannabis Rules

The British Columbia, Canada government has laid out some of the details for how it will regulate adult-use cannabis sales in the province, setting the legal purchasing age at 19 and, like other provinces, leaving distribution to the government via BC Liquor Distribution Branch. Private companies will be able to run the retail side; however, […]

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Canadian MMJ Company Strikes Deal with Nation’s Largest Pharmacy Firm to Sell Cannabis Products

Canadian medical cannabis company Aphria Inc. and the nation’s largest provider of pharmacy products and services, Shoppers Drug Mart, have entered into an agreement that will see the drug store chain sell Aphria-branded products through their online portal. “We have an impeccable record cultivating and producing high-quality, medical-grade cannabis,” said Vic Neufeld, CEO of Aphria, […]

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CanniMed Takes ‘Poison Pill’ in Attempt to Thwart Aurora Takeover

In the midst of the hostile takeover attempt by Aurora Cannabis, CanniMed Therapeutics has adopted a shareholder rights plan – or “poison pill” – preventing Aurora from buying more shares or entering in any new lock-up agreements with current shareholders. According to a press release, the purpose of the plan is to ensure CanniMed shareholders […]

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Newfoundland and Labrador Government Release Cannabis Industry Rules

The Newfoundland and Labrador government has released their provincial cannabis regulations, setting the legal purchase age at 19 and allowing private businesses to sell to consumers. The Newfoundland and Labrador Liquor Corporation will distribute products to retailers, set prices, issue industry licenses, and set fees. Neither public consumption nor co-location with alcohol is permitted under […]

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Canadian Legalization Bill Passes House of Commons, Moves to Senate

Canada’s federal cannabis legalization bill has passed the House of Commons 200-82 and now moves to the Senate for consideration, according to a report from the CBC. The support included leaders from the NDP, Green Party, and Conservative MP Scott Reid – despite an attempt by his party to send the measure to the Commons […]

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Canopy Growth Acquires Saskatchewan Hemp Cultivator

Canopy Growth Corporation, a licensed medical cannabis producer in Canada with interests and operations in seven countries, is set to acquire Saskatchewan-based hemp cultivator Green Hemp Industries Ltd. Following the completion of the deal, expected late next month or early January, Canopy will operate approximately 300 acres of existing hemp production and the company anticipates […]

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Canadian Cannabis Industry Investor to Acquire Two California Firms

Canadian medical cannabis industry investor and operator CannaRoyalty Corp. has agreed to acquire two California cannabis companies, part of their expansion strategy into the state. The firm will take over Kaya Management Inc., the exclusive manufacturer and license holder of rights for Bhang brand vaporizer products in California, and Alta Supply Inc, which distributes the […]

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Ontario, Canada College Offers First MMJ Course

Oshawa, Ontario, Canada’s Durham College offered, for the first time, Medical Cannabis Fundamentals for Business Professionals last weekend – a two-day course covering regulations, ethics, cultivation, quality control, marketing, and basic clinical concepts, the CBC reports. The course is the first-of-its kind offered in Ontario. Debbie Johnston, dean of the college’s School of Continuing Education, […]

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Aurora Announces Deals to Acquire Quebec MMJ Producer, Greenhouse Design Firm

Aurora Cannabis announced deals to acquire two companies on Thursday – H2 Biopharma Inc., a late-stage Canadian medical cannabis production applicant, and Larssen Ltd., a greenhouse design firm. In total, Aurora will pay $25 million for H2, with an initial $10 million payment; all of which will be paid through the issuance of Aurora common […]

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Saskatchewan Govt. Cannabis Survey Finds Support for Home-Grow, Online & Retail Sales

A survey by the Saskatchewan government has found strong support for cannabis sales to be conducted both in retail stores and online once legal sales begin in the country, and 45 percent of respondents want those stores run by the government. The survey received 34,681 responses – the most of any survey previously conducted by […]

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Canadian Government Releases Cannabis Legalization Details

The Canadian government has released proposed federal regulations, clarifying some details of the program as provincial governments begin releasing their own draft rules. What’s in the proposal? Provisions for small, craft cannabis producers, 10 milligram limits on allowable THC content in edibles, and 30 milligram-per-milliliter of THC in oils. Single-use products, such as pre-rolls, cannot […]

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Aurora Posturing for Hostile CanniMed Takeover After Initial Bid Rejected

CanniMed has rejected Aurora Cannabis’ unsolicited takeover offer; however, Aurora is now planning a hostile takeover by offering investors Aurora stock worth C$24 per CanniMed share, according to a Bloomberg report. The deal is valuing CanniMed stock 57 percent higher than its Nov. 14 closing price, and investors holding 38 percent of CanniMed shares have […]

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