Canadian weed?

It's supposed to be pretty good.

But Arizona medical marijuana?

Super profitable.

Ask the people from a Toronto firm who recently announced the "acquisition" — with caveats and disclaimers — of two Mesa dispensaries.

The $27 million deal also includes one of the state's biggest cannabis-extracts brands and an option to control a cultivation and wholesale business in Nevada, where voters legalized recreational marijuana in November.

After several attempts to get cannabis oil allowed through the court system with many testimonials from those who had been helped, cannabis advocate Rick Simpson realized this important harsh reality: The cancer industry does not want a cure for cancer.

Since then, Rick removed himself from Canada and exiled himself to Amsterdam, Netherlands. Now he tours the world spreading the wonders of cannabis healing to whomever is willing to listen.

You can view his full length documentary below.

Jason Drummond has high hopes for the Green Acres Capital Fund, Canada’s first marijuana-focused investment fund.

The fund launched at the start of January, and has already collected around $10 million of a roughly $30-million goal.“We’re going to end up investing in 15 to 20 businesses that we think can all grow and all provide returns,” Drummond said.Entering the fund is not cheap. It carries a minimum buy in of $100,000.Story continues belowDrummond is the managing director at York Plains Investment Corp and an owner and founder of the Leo’s Group, which runs Leopold’s and Victoria’s Taverns.

A license to sell cannabis oils opens up a lot of opportunity for Aurora Cannabis (TSXV:ACB), says Canaccord Genuity analyst Neil Maruoka. 

On Monday, Aurora Cannabis announced that its wholly owned subsidiary, Aurora Cannabis Enterprises, had been licensed by Health Canada for the sale of cannabis oils.

Advocates for medical marijuana are denouncing a series of police raids in Saint John on cannabis dispensaries in the city.

Six stores were raided by officers from the Saint John city police and nearby forces on Tuesday and 12 people were charged with possession of marijuana for the purpose of trafficking, echoing earlier raids in Halifax, Toronto, Montreal and elsewhere.

City police chief John Bates has said the dispensaries are operating illegally and police cannot "hypothesize" what the Liberal government will do with their marijuana legislation, or when they will do it.

MariCann Inc. looks forward to ‘growing green with green’ in its state-of-the-art $8-million 180,000-square-foot expansion.

“This is the field of dreams,” said VP of Operations Richard Kropman, indicating a large, fenced rectangle dotted with heavy machinery.

On a drizzly January morning, the target area on the MariCann property southeast of Glen Meyer was a muddy expanse. But for what Director of Media and Investor Relations Shawn Alexander describes as a startup company in a startup industry, ambitious dreams are well on their way to reality.

“We refer to it as scaling up,” understated Alexander of a 700-per-cent expansion from the current 30,000 square-foot self-contained indoor grow, production and distribution facility.

Marijuana's official designation as a Schedule 1 drug — something with "no accepted medical use" — means it is pretty tough to study.

Yet both a growing body of research and numerous anecdotal reports link cannabis with several health benefits, ranging from pain relief to helping with certain forms of epilepsy. In addition, researchers say there are many other potential ways marijuana might affect health that they want to understand better.

In an era when marijuana is gaining legal status from coast to coast, giant joints and big bong rips are out. Microdosing is in.

Tilray, a global leader in medical cannabis research and production, today announced that it has become the first medical cannabis producer in North America to be GMP certified in accordance with the European Medicines Agency’s (EMA) Good Manufacturing Practice (GMP) standards. As North America’s only GMP certified medical cannabis producer, Tilray is uniquely positioned to expand distribution of its pharmaceutical-grade medical cannabis products to patients, physicians, pharmacies, hospitals and researchers in new markets around the world.

View original article on Benzinga.

As per current legislation, people in Canada are allowed to possess, consume or grow cannabis for medicinal purposes — given certain conditions issued by Health Canada are met. However, recreational use of marijuana is still prohibited (and punishable) by law.