Toronto | Reuters — Canadian marijuana producer Aurora Cannabis is in talks with rivals CanniMed Therapeutics and Newstrike Resources to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday. The deal signals an easing of tensions following an offer in […] Read more
Tag Archives cannabis — page 12
Cannabis firm Aurora in talks to buy both CanniMed, Newstrike
Feds, provinces end dispute on how to split pot tax revenues
Ottawa | Reuters –– The Canadian government and the 10 provinces on Monday settled a disagreement on how to split the revenues from a proposed federal tax on the sale of marijuana once the drug is legalized, Finance Minister Bill Morneau said. Morneau told reporters that for an initial two years, 75 per cent of […] Read more
StatsCan to add marijuana economic impact to GDP data
Ottawa | Reuters — As Canada gears up to legalize recreational marijuana, the country’s statistics agency said on Tuesday it will begin measuring the economic impact of the current illegal use and production of the drug and add it to growth data. Statistics Canada said it will begin tallying the production and sale of cannabis […] Read more
Constellation hedges bets on pot boom with Canopy stake
Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer and spirits producer to invest in legal cannabis. The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing […] Read more
Post-secondary cannabis credentials on offer
Degree and diploma aggies interested in producing commercial cannabis and/or hemp will be able to get college-certified starting next year. Niagara College announced Tuesday it will launch a graduate certificate program in commercial cannabis production in 2018, a program it bills as Canada’s “first post-secondary credential” in the crop’s production. Niagara picked up approval this […] Read more
Hothouse produce grower to devote site to marijuana
Canada’s only publicly traded greenhouse produce-growing company plans to put up one of its British Columbia greenhouses for a new venture in cannabis production. Vancouver-based Village Farms announced Tuesday it has partnered with Victoria-based medical cannabis producer/processor Emerald Health Therapeutics in a 50/50 joint venture to grow cannabis for medical use and, pending changes to […] Read more
Feds introduce cannabis legalization bill
The federal government is set to decriminalize cannabis possession and use and to allow limited home-grown pot plants starting in mid-2018, while sticking close to the existing licensing system for wholesale-level production. The government on Thursday introduced the Cannabis Act, which will allow adults — that is, ages 18 and up — to legally possess […] Read more
Panel calls for Canada to require plain-packaged pot products
Ottawa | Reuters — The Canadian government should regulate the production of cannabis when it is legalized for recreational use and require plain packaging for such products, an official panel recommended on Tuesday, a potential setback to growers who hoped to build brands. How cannabis is sold should be left up to the provinces and […] Read more
Canada to allow medical marijuana users to grow their own
Ottawa | Reuters — Medical marijuana patients in Canada will be allowed to grow a limited amount of cannabis for their own use or designate someone to grow it for them, the government said Thursday. The government had been given six months to comply with a federal court ruling that struck down the previous administration’s […] Read more
Court rules medical marijuana users can grow their own
Vancouver | Reuters — A federal court judge in Vancouver on Wednesday ruled that medical marijuana patients have the Constitutional right to grow their own cannabis, striking down a ban introduced by Canada’s previous Conservative government. The court suspended its decision for six months to give Ottawa time to respond. A group of British Columbia […] Read more
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