Clearwater County Council has granted the first reading to a bylaw to clear the way for a 55,000 sq. foot micro-climate controlled cannabis facility southeast of Caroline.

Element GP Incorporated submitted an application to have the 157-acre location along Highway 22, just north of Secondary Highway 587, re-zoned from Agricultural to Light Industrial.

The applicants say the facility aims to source all electrical power, heat and air conditioning from Shell’s Caroline Gas Plant, which is only six and a half kilometers away.

The facility plans on using complex technology to destroy odor, recycle water, and a controlled CO2 system to improve plant photosynthesis.

“The government has been clear that provinces and territories are able to make additional restrictions on personal cultivation but that it is critically important to permit personal cultivation in order to support the government’s objective of displacing the illegal market.” — Government motion in response to Senate amendments to Bill C-45, the cannabis legalization bill.

That is the Liberal government’s rationale for rejecting a Senate amendment that would have recognized the authority of provincial governments to prohibit home-grown pot if they choose.

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.

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. 

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.

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.

McMaster University researchers have found there is no significant association between cannabis use and suicidal behavior in people with psychiatric disorders.

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.

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.

Israel’s Together said on Thursday it signed a binding two-year deal worth at least $300 million to supply cannabis products to an unnamed Canadian company.

The Canadian firm will buy from Together subsidiary Globus Pharma 5 to 50 tonnes of dried cannabis inflorescences in 2019, which is equivalent to 500 kilograms to 5 tonnes of medical cannabis oil.

In 2020, the company, which has a licence to grow, manufacture and import medical cannabis in Canada, will buy another 20 to 50 tonnes of dried flowers, or up to 5 tonnes of cannabis oil.

It will pay at least $3 for 1 gram of dried inflorescences, or a minimum of $30,000 for 1 kg of cannabis oil, Together said.

Canada approved medical pot in 2001 and will legalize recreational use by July.