Marijuana Business News

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stocks
business
Fri
15
Jun

Cannabis sector lawyer says clearer guidelines needed for producers

The Cannabis Act has been approved by the Senate and the House of Commons has rejected 13 of the Red Chamber’s recommendations, including the prohibition of branded merchandise by marijuana companies and allowing provinces to prohibit home cultivation, but as Bill C-45 nears its official rollout, many details about how the market will be regulated remain unknown.

Trina Fraser, co-managing partner at Brazeau Seller LLP, has been a legal adviser to the industry for five years and was just retained by the Cannabis Canada Council. Earlier this year, the Cannabis Canada Association, Canadian Medical Cannabis Council and Canopy Growth Corporation merged to create the Cannabis Canada Council, now Canada’s preeminent marijuana industry trade association.

Fri
15
Jun

Council examines cannabis store buffers

City of Camrose administration is proposing a 150-metre buffer to be put in place between any school or health care centre and businesses selling cannabis.

The regulations were brought forward to the committee of the whole meeting on June 4 for discussion. Council will now seek public input at two open houses, this past Tuesday and on June 19 at the Recreation Centre.

The guidelines policy has become necessary as the federal government is set to legalize the use and retail sale of cannabis sometime this summer. It has been left up to the provinces to determine distribution regulations, much like alcohol, and Alberta, while maintaining control of distribution of cannabis and online sales, is moving forward with private sector sales.

Fri
15
Jun

Keep calm, and legislate on: Bill Blair is arguably the reason Canada is on the cusp of cannabis legalization

Former cop turned Liberal MP has the life experience to run the delicate file.

The idea that Bill Blair was ever an undercover cop in the Toronto Police Services drug unit does not speak well to the intelligence of the city’s felons.

He stands erect as a grenadier at six foot four and might as well have: “Keep Calm, I’m a Police Officer” etched on his forehead.

He maintains it mattered more what you said than what you looked like, and that not all undercover officers are short guys with beards.

Fri
15
Jun

Impaired driving laws get overhaul for cannabis legalization, but workplace testing rules remain untouched

Industry groups have long complained that Canada lacks regulations for testing workers for drug impairment.

When the Liberal government introduced its cannabis legalization bill in the spring of 2017, it made sure to simultaneously introduce another bill with harsh new penalties and enhanced police powers to crack down on stoned drivers. But there is nothing in either piece of legislation that addresses another big issue around cannabis: testing for it in the workplace.

Industry groups have long complained that Canada lacks regulations for testing workers for drug impairment. This is particularly true for employers who want to institute random testing for safety-sensitive positions, such as pilots, crane operators and long-haul truck drivers.

Thu
14
Jun

Malta start-up angling for $10 million Canadian cannabis deal, refused letter of intent

Maricann, which has facilities in Germany and Canada, said it plans to use Malta for its finished dose products. The transaction is subject to Medican obtaining regulatory approval.

A Maltese start-up that attracted the interest of a Canadian medical producer for a $10 million deal for a letter of intent from Malta Enterprise, was rejected by the state investment arm.

Earlier last month, Canadian medical cannabis producer Maricann announced it was planning to acquire a Maltese start-up, Medican Holdings, for $10 million.

But the Maltese company was only formed in March 2018 and was then still not in possession of a letter of intent (LOI) from Malta Enterprise.

Thu
14
Jun

Future Farm Provides update on its cannabis breeding, biochemistry and in-vitro propagation business segment

Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQX: FFRMF) is pleased to announce that its cannabis breeding and in vitro propagation business segment (a joint venture with Rahan Meristem and CEPG, the “JV”) is vetting top candidates to fulfill the lead scientist role for its state of the art laboratory in St. John’s, Newfoundland. 

Thu
14
Jun

What has been impacting marijuana stocks In 2018?

The cannabis market throughout the world has seen a large amount of success in terms of implementation and legal measures, but many changes have yet to hit the market that are currently in development.

Thu
14
Jun

Creso expands team: Set to tap budding LatAm & Canadian pot markets

ASX pot-stock, Creso Pharma (ASX:CPH) has announced its second piece of good news this week — its appointment of John Griese as chief operating officer for the Americas.

This comes at an auspicious time, with CPH furthering its expansion into the Americas.

Thu
14
Jun

Newly Listed Cannabis Stocks

As the cannabis public market continues its trailblazing expansion across the US and Canadian markets more and more stocks are coming online for investors to gain exposure into the sector.

Thanks to the legalization process in Canada the cannabis industry has gained even more legitimacy and despite the US remaining an illegal space for the drug, positive momentum is building for an update in the status of cannabis.

Here the Investing News Network (INN) brings a closer look into some of the top cannabis companies that have gone public since May 2018.

Thu
14
Jun

HotBox Cafe announces HotBox Holdings Inc.

HotBox Lounge + Shop announces the incorporation of HotBox Holdings Inc., a new organization that will focus on further development of HotBox-branded cannabis and hemp products. HotBox Holdings Inc. will expand on its existing brand by opening seven new Lounge + Shops across Canada and multiple locations in the U.S. through the end of 2019.

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