Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Fri
31
Aug

Hamilton will need a decision on cannabis retail soon — but don’t look to the mayor to decide the issue

Get ready for a new hot button municipal election issue.

It turns out one of the first decisions the new Hamilton council elected in October will need to make is whether or not to opt out of the Ontario government’s plan to sell marijuana through local stores.

That’s the message city licensing director Ken Leendertse recently received from a spokesperson for Ontario Finance Minister Vic Fedeli.

Leendertse and other city officials met last week with Fedeli’s parliamentary assistant to hear an overview on the upcoming legalization of cannabis and the province’s plans for privately-operated retail outlets.

Fri
31
Aug

Marijuana Company of America Provides Update on CBD Hemp Joint Venture Farming Project in New Brunswick, Canada

Escondido, California, Aug 30, 2018 (Newsfile Corp via COMTEX) -- MARIJUANA COMPANY OF AMERICA INC. (otc pink:MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, and its joint venture partner Global Hemp Group Inc. (cse:GHG) (otc pink:GBHPF) (GHG) (the "Partners") are pleased to provide an update on their CBD hemp farming joint venture in New Brunswick, Canada (the "Project").

Dryer InstallationDrying of the biomass is an important first step in the extraction of the cannabinoids from the hemp plant. The partners are pleased to announce that the Project's industrial scale dryer from Cann Systems was delivered last week and has now been installed.

Fri
31
Aug

What Canadian Beer Taxation Can Tell Us About The Future Of Canadian Cannabis

Summary

Taxation in the Canadian cannabis market is too high currently, which could lead to lower transition rates among Canadians from illicit to legal cannabis.

The Canadian governments beer taxation provides a rather unsavory road map for how they deal with highly regulated, recreational drug tax rates over time.

The arguments for cannabis tax rates staying stable are moot for recreational cannabis and most medical cannabis.

The assumption that cannabis can solve the opioid crisis will not keep the government from increasing the taxes on cannabis and will most likely not be the sole solution.

Fri
31
Aug

Cannabis company Cronos shares' lose 27 per cent after Citron report

TORONTO -- Cronos Group Inc.'s shares lost 28 per cent of their value Thursday after a U.S. short-seller accused the cannabis company of withholding information that could be useful to investors.

The Toronto-based company's stock ended the day at $11.77 on the Toronto Stock Exchange, down $4.60 or 28 per cent, eliminating about a week's worth of gains since Aug. 23.

About 14.7 million shares were traded on the TSX, far above the daily average.

Thursday's decline followed a Citron Research report -- published by short-short seller Andrew Left -- that said Cronos has purposely not disclosed the size of distribution agreements with provinces because they are "so small they could never justify the premium investors are paying for the stock."

Fri
31
Aug

Lloyd’s to offer cannabis insurance in Canada

Lloyd’s of London is to enter the cannabis insurance market, offering cover in Canada to people who produce, distribute and sell it.

The Canadian Cannabis Act, which comes into force in October, allows recreational use of marijuana. The law was passed earlier this summer.

In a note to underwriters, Lloyd’s said: “It is anticipated that this legalisation of cannabis-related activities will give rise to new opportunities for insurers considering writing related risks.”

Insurers at Lloyd’s have been looking for new ways to grow as traditional markets, such as property catastrophe insurance, have been hit by years of falling prices and higher claims because of natural disasters.

Thu
30
Aug

Fears of being ‘outed’ as a cannabis user linger as cybersecurity concerns hang over legalization

VANCOUVER—Questions around how consumer data will be protected by cannabis retailers continue to loom large for some Canadians.

And those questions are becoming more complicated as legalization approaches and a number of key concerns remain unanswered.

“Peter,” a web specialist living in Victoria, B.C., who asked his name be withheld for fear that admitting to being a cannabis user would affect his business relationships, said that, as with all online and electronic purchasing, consumers are right to worry about how their data is being protected.

Thu
30
Aug

One in three Canadian employers feel prepared for cannabis legalization

As an employer or employee, how prepared do you think your organizationis for cannabis legalization on October 17? When New York–based advisory firm Mercer posed that question in a survey of Canadian employers, only one third of 366 respondents said they were ready.

Meanwhile, in a separate poll of 1,008 Canadian workers, just 26 percent felt that their bosses were ready for the change.

Thu
30
Aug

Positioning Alberta as Canada’s cannabis leader

lberta was the first province to begin its policy development for cannabis legalization. In June 2016, the government began by commissioning a massive evidence synthesis — the Cannabis Evidence Series — covering five key topics: health effects and harms, medical cannabis, advertisement and communication regulations, experience with legalization in other jurisdictions, and the current Canadian context. It was published in December 2016. This fed directly into the Alberta cannabis framework, which is the beginnings of the proposed legislation that will eventually regulate cannabis production, sales and use.

Thu
30
Aug

Residents of B.C. ‘bible belt’ city say pot stores should be legal

With marijuana legalization less than two months away, it is unclear whether Abbotsford residents will be able to buy non-medical pot locally on Oct. 17. But they want the option to do so.

B.C. municipalities retain the ability to ban pot stores come October, but residents of Abbotsford – often referred to as part of B.C.’s bible belt – don’t think their city should do so, council heard Monday.

City staff is now working to bring council options on how to regulate such stores, but it is unclear whether new rules will be in place by the time marijuana is officially legalized in mid-October.

Abbotsford council could also choose to retain the status quo, although no member has indicated a desire to do so.

Thu
30
Aug

Where you can smoke cannabis in Quebec after legalization

Where can you legally enjoy your cannabis in Quebec, come October 17th?

Despite being one of the strictest provinces when it comes to cannabis regulations, Quebec’s Bill 157 stipulates that consuming cannabis in public is allowed anywhere smoking tobacco is permitted – the only exception being on university and college campuses. So far vaping and smoking are treated in the same manner.

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