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At the age of 11, Emma Boniface watched her mother lose herself in the grasp of an opioid addiction.
The world's largest tobacco company and maker of Marlboro cigarettes, Altria, has reportedly agreed to a deal with licensed cannabis producer Cronos worth approximately C$2.4 billion.
In one of Canada’s few provinces to allow non-government retail operators to sell marijuana, Saskatchewan has selected 51 applicants to sell cannabis when it is legalized federally this summer.
Southern Africa has sent the first-ever shipment of medical cannabis from Africa to Canada - a milestone that illustrates the increasing globalization of the cannabis industry in recent years. The shipment was from the nation of Lesotho and is expected to arrive at its destination in Vancouver, British Columbia according to Marijuana Business Daily.
In a historic move on Tuesday, Canada’s senate voted 52-29 in favor of bill C-45, which legalizes marijuana for adult-use.
AB InBev, one of the world’s largest alcohol producers, has teamed up with one of the world’s largest legal marijuana producers, Tilray Inc., to research potential non-alcoholic, THC and CBD infused drinks.
According to Zach Braff, an original star of the NBC-turned-ABC Sitcom Scrubs, the show was once banned from airing an episode related to medical marijuana.
The massive demand that cannabis retailers have experienced for their products since legalization has sparked major shortages in Alberta.
Alberta is a massive demand for cannabis store license as hundreds try to get in on the soon-to-be legal market. The number currently sitting near 700, is the result of Alberta legislation to allow private retailers and place no cap on the number of stores licenses.
According to a report by the Globe and Mail, Altria, one of the world’s largest producers of tobacco, is in talks to purchase a minority stake in cannabis producer Aphria Inc.
Aurora Cannabis Inc. has agreed to purchase Whistler Medical Marijuana Corp. in an all-stock deal worth up to $175 million.
Aurora Cannabis announced it has completed its first commercial export of cannabis oil to the United Kingdom and the product has been successfully dispensed from a pharmacy. UK authorities recently granted Aurora approval for its first shipment of medical cannabis in November.
With its purchase of pharmaceutical manufacturer and distributor Farmacias Magistrales, Aurora Cannabis Inc. says it will now supply medical marijuana to Mexican patients.
Aurora Cannabis Inc. says it will expand the size of a cannabis production facility currently under construction in Medicine Hat, Alberta by 33 percent.
According to new reports, about seven people a day are being approved for medicinal cannabis in australia as a new report suggests that the $18 million industry could balloon to billions within a decade.
Israel-based startup, Seedo, turned heads when it started selling mini fridge-sized cannabis farms for personal, home use in 2017. With computerized optical systems and climate control, they promised cannabis "from seed to flower" under controlled conditions in the comfort of your own home. Now, Seedo wants to take it one step further with the announcement of what it calls the "world’s first automated cannabis farm," using AI-based technology and robotic arms to give a hand.
Terry Roycroft, the head of Vancouver-based Medical Cannabis Resource Centre Inc, a private organization that provides guidance on medical use of cannabis, has been speaking to seniors for several years about cannabis. But what he’s seeing now is care homes and seniors centres proactively reaching out and requesting information sessions.
According to Brad Martin of Calgary-based Cann Standard, Canadian marijuana market prices will fluctuate for about two years before settling with some consistency.
According to major Canadian cannabis company executives, Europe is going to be the behemoth market that really opens up in the next few years.
Canadian cannabis producers are rushing to enter the U.S. market following the passage of the Farm Bill which has legalized hemp. Hemp is a source of the popular ingredient cannabidiol (CBD).
Cannabis moved closer to being treated as a tradeable commodity like wheat or oil on Tuesday as a U.S.-based group launched the first benchmark price to track Canadian wholesale cannabis prices.
A Canadian cannabis company is looking to make the holidays a little more high-spirited this year, offering one unusual version of the beloved advent calendar.
Under the Canadian government regulations for recreational cannabis, citizens will be allowed to grow up to four plants at home, but many professionals in the housing industry are warning of the responsibility and risks associated with doing so.
As clinical trials of medical cannabis continue, Canadians are becoming open to taking prescription drugs derived from cannabis, according to an Ipsos survey commissioned by Tetra Bio-Pharma.
According to a new report released yesterday by Arcview Market Research and BDS Analytics, Canadians spent $1.6 billion on legal cannabis in 2018. This is more than double the amount that was spent on medical marijuana in 2017.
Cannabis beauty is becoming so popular that analysts have begun to recognize it as a standalone category.
According to a statewide investigation last year by the Southern California News Group, of the 540 cities and counties in California, only 162 - just 30% - have permitted medical cannabis businesses. The numbers are even smaller for adult-use sales - only 89 cities (less than 20%) and six counties allow it.
Dad & Dudes Breweria is the only brewery in the United States with federal formula approval to brew beer infused with CBD, a non-psychoactive hemp extract. Now the company has been acquired by San Diego-based company Cannabiniers.
Although dried cannabis flower, oral sprays and cannabis oils are legal in Canada, other popular forms of consumption are not as of yet. This includes edibles, cannabis-infused beverages, extracts/concentrates, topicals and vapes.
Almost six years after the South American country of 3.4 million people legalized cannabis, investors are betting Uruguay could become an export hub for medical cannabis as the industry expands around the world.
Canada’s move to lead the developed world in drug reform and spark the fire of an entirely new industry was voted the Canadian Press Business News Story of the Year for its wide-ranging implications for nearly every facet of society.
The promise of a fall for prohibition of cannabis in Canada has spurred a significant amount of chaos throughout corporate Canada. Just as cannabis companies have gone public and seen their valuations sore, the ancillary businesses surrounding the industry have also been booming.
Cannabis users left with mountains of waste from packaging can now drop it off at two London dispensaries to be recycled under a free program launched by Canada’s largest cannabis company on Earth Day.
An Edmonton-area cannabis company is hoping its 126,000-square-foot production facility will help evaporate the current supply shortage wafting over the country.
Despite incidents of accidental cannabis consumption by pets rising according to the American Society for the Prevention of Cruelty to Animals (ASPCA), animal companions are getting an intentional cannabis dosage with increasing frequency.
Would-be cannabis retail owners in Ontario have just a few weeks left to pass through intense regulatory restrictions if they hope to start selling product by April.
Even despite the massive amount of production power of Canada’s legal growers, experts are still expecting a shortage of marijuana in the first year of legalization.
Legalizing cannabis may have brought small business potential, but for Airdrie cannabis retailer Grant Guenther, legal cannabis might be a financial bust.
With just over a week until physical cannabis shops can open their doors in Ontario, the head of the world’s biggest cannabis company said the first day will “be like Oct. 17 all over again.”
One of the world’s largest cannabis companies is planning a major investment into Europe, signalling it believes in a future of relaxed marijuana regulations on the continent.
People take it for anxiety and inflammation. Arthritis. Insomnia. Pain.
Canadian Football League (CFL) commissioner Randy Ambrosie spoke to Sportsnet’s Donnovan Bennett about how the CFL is handling marijuana legalization differently than most leagues.
In a statement on Monday by Coca-Cola, the company told the public that it is “closely watching” the market for CBD, and could create a drink with the cannabis component as an ingredient.
The Chicago-based cannabis company, Cresco Labs, who went public in Canada in December, is buying Origin House, a Californian company, for $850 million. This comes just two weeks after Cresco said it would buy VidaCann, a Florida-based grower and distributor, for $120 million. Origin House was an acquisition of purely stock while VidaCann was a mix of cash and stock.
Canada’s largest financial co-operative has softened its stance on doing business with the cannabis industry and will now accommodate clients who wish to participate.
Dixie Brands Inc.’s pet wellness subsidiary, Therabis LLC, is entering the feline market with hemp-based soft chews the company reports are meant to promote stress relief.
Aiming to make THC experiences predictable, dr.delights joined the California cannabis market back in 2014. Today the company offers vape pens, tinctures and salves with a range of outcome-focused formulas. Typical effects are made clear with main product line names: Elevate, Relieve, Relax and Snooze.
Cannabis shops have started selling cannabis seeds as the coming summer brings the first legal growing season for cannabis enthusiasts and patients looking for a home-grown high.
An Edmonton girl guide who saw an entrepreneurial opportunity took advantage of legalization and had a big pay off because of it.
Despite the glitz and glamour surrounding the Golden Globe Awards, it’s not all fun for the A-list celebrities who have to spend the night in high heels.
Canadian sales of legal dried cannabis declined in January compared to December, the first such decrease since recreational use of marijuana was legalized last year, while inventory levels continued to rise, according to Health Canada.
High Tide Inc., owners of Canna Cabana retail cannabis stores in Alberta, has signed a letter of intent to assist a second lottery winner selected for one of the first 25 cannabis licenses in Ontario.
It is possible the impact of Canadian marijuana legalization could reach much further than just its own borders.
In interviews with the media, NHL players and executives spoke about how marijuana legalization in Canada might impact the league.
Insight Productions and Civilized have teamed up to develop diverse new content for broadcast and digital platforms exploring modern cannabis culture.
The global cannabis industry could be worth as much as $130 billion (US) in a decade if legalization expands the United States, Europe and Latin America, according to a report by New York-based investment bank Jefferies Group LLC.
High Times Magazine, the 45-year-old publication dedicated to cannabis connoisseurs, held its second annual High Times 100 awards ceremony earlier this week in Los Angeles.
Cindi Phelps never imagined herself running a cannabis shop. She smoked cannabis as a teenager, but as an adult she became 'cranky' about cannabis, endlessly lecturing her kids and judging everyone who touched the stuff.
Las Vegas’ newest attraction will be sure to be a high point for tourists attending Sin City.
Massachusetts residents did not shy away from participating in the state’s much-delayed recreational marijuana market, spending a total of $440,011 between just two stores.
Despite only having two stores open in the state for most of the first four weeks of recreational marijuana, Massachusetts generated an astounding $9.3 million in sales.
More than two years after Massachusetts voters voted to allow recreational cannabis sales, the states first two non-medical dispensaries will be opening.
New data from the Illinois Department of Public Health shows that medical marijuana use in the state has risen 83% this year, with more than 46,000 patients.
Montreal-based Great White North Growers Inc. (GWNG) reports applications for cultivation, processing and medical sales licences have all been approved by Health Canada, a monumental development that positions the company well, and early, for the developing Quebec cannabis market.
An Ottawa-area cannabis company has found a suitable plot of land for its growing operations just outside of Perth, ON.
The Nova Scotia Liquor Corporation managed to bring in $17.4 million in sales of cannabis in the first few months of legalization but it wasn’t enough to make cannabis profitable for the provincial Crown corporation.
According to an Ipsos poll, 35 percent of cannabis users are still using the illicit dealers they used prior to legalization. The number is much lower than many anticipated, just one month into a legal cannabis market.
With the release of Ontario’s Bill 36, which outlines the new conservative governments alterations to Ontario’s cannabis regulations, many questions have arisen as to how the future of Ontario cannabis will look.
The Ontario Cannabis Store made a rather sensitive mistake on its online cannabis marketplace on its first day of cannabis sales.
The Ontario Cannabis Retail Corp. (OCRC) has posted a tender call for same-day delivery that would launch around the beginning of March. The initial launch will be focused on the Greater Toronto Area.
An Ontario licensed producer has issued a voluntary recall after complaints that customers have been receiving mouldy marijuana.
Pax Labs Inc. Chief Executive Officer Bharat Vasan announced on Monday that the company has raised US$20 million from investors.
In a report released by Statistics Canada last week, P.E.I. Cannabis stores sold $2.1 million worth of product in the first six weeks of opening. The next highest per capita spending was in Nova Scotia, at $13.80 per capita. The report measures legal sales only.
PepsiCo appears to be the latest major company eyeing the legal cannabis market for potentially lucrative opportunities.
After opening offices in Sydney and Melbourne, Cannabis Access Clinics has opened Queensland’s first cannabis clinic in the Brisbane suburb of Belmont.
Canada’s recreational legalization this month has also stirred up some issues for those that rely on cannabis for medicinal purposes.
Red River College held its first job fair catered specifically to those interested in joining the cannabis industry after its first cannabis-centred course, cannabis 101, exceeded enrolment expectations.
On Monday the Russian Embassy in Canada released an official statement on behalf of the country denouncing Canada’s choice to legalize cannabis.
To combat excessive cannabis packaging, some Saskatchewan cannabis retailers are making an effort to "go green" by introducing recycling bins designed specifically for cannabis packaging at their stores.
Canadian actor and comedian Seth Rogen along with Evan Goldberg have entered into a partnership with Canopy Growth Corporation to launch a Toronto-based, Canadian cannabis brand called Houseplant.
One month after receiving its licence to sell medical cannabis, Shoppers Drug Mart has launched its e-commerce platform to provide products to patients online.
In a move that will help the Canadian pharmacy giant to be allowed to dispense medical marijuana, Health Canada has approved Shoppers Drug Mart’s application for a medical marijuana production license.
As part of Zenabis’ growth strategy, they will begin supplying Shoppers Drug Mart with dried cannabis and eventually cannabis oil and other products online.
Starbucks could be the first food chain to introduce cannabis-infused drinks, according to analysts at Cowan.
A Columbus startup building tech-enabled vending kiosks that can dispense anything from shoes to watches to cannabis has raised the maximum $1.1 million allowed via equity crowdfunding with the average investment being $500.
The national statistics offices of Canada say legalizing cannabis hasn’t seemed to change how many people are using the drug.
The Supreme Cannabis Company Inc., through wholly-owned subsidiary 7ACRES, could soon join the exclusive group of licensed producers in the country following its move to supply cannabis to both New Brunswick and Saskatchewan.
Earlier this week, public health researchers in Colorado released a report detailing the results of a youth cannabis education and prevention campaign called High Costs. Researchers measured the efficacy of that campaign with a survey. The survey reached more than 55,000 teen respondents, including 500 from the city of Denver. According to the survey, teen cannabis consumption isn’t just dropping in Colorado, it’s also falling below the national average for the very first time.
Canada’s gross domestic product will see a one-time lift from the legalization of cannabis in October, and as a result Toronto-Dominion Bank has raised its growth forecast to 2.2 percent for 2018 and 2019, up from its 2 percent estimate in June.
In early October, Canopy Growth Corporation announced a six-month study tracking and monitoring the effects of medical cannabis as an alternative to other forms of pain management. Canopy partnered with the Ontario Long Term Care Association for the project.
For decades, cannabis consumers have gathered in basements, huddled in out-of-sight spaces and congregated loud and proud in parks around the world each April 20 to celebrate the plant and consume cannabis together.
There has been a massive amount of confusion in Canada about whether or not any affiliation with the legal cannabis industry could result in a lifetime ban from entering the United States.The U.S. Border Control issued a warning earlier this year about how participation in the cannabis industry, in any form, could cause problems at the border. The statement was later refuted by U.S. Immigration lawyers, who say that as long as the traveller is not planning on expanding their cannabis participation into the USA, it is not an issue.
Licensed producer Tilray Inc. has received permission from the U.S. Drug Enforcement Administration agency to export medical cannabis product to California.
Early Tuesday morning, Tilray Inc. announced it has signed a global supply and distribution agreement for medical marijuana with pharmaceutical giant Novartis AG.
On Tuesday Tilray Inc. announced the signing of a global revenue sharing agreement with Authentic Brand Groups for the development and marketing of cannabis that could be worth hundreds of millions of dollars.
In his end-of-year interview with the Canadian Press, Prime Minister Justin Trudeau talked about the challenges facing the cannabis industry and what the future may look like.
Saskatoon is now home to six legal recreational cannabis stores.
American cities, where recreational cannabis has been legalized, are enjoying an unexpected benefit: homeowners have seen their property values increase by over $6000 (US) more than in regions where the drug remains illegal.
Despite a relatively positive reception from users across the country on October 17th, purchasers of legal cannabis were confused about the amount of packaging used in their orders.
Not to be outdone by CVS, a direct competitor is putting the “green” in Walgreens.
WeedMD Inc. is looking to jumpstart its Canadian cannabis cultivation capacity after the Ontario-based cannabis producer recently applied to health Canada to amend its licence to include outdoor cultivation.
A cannabis producer from southwestern Ontario has teamed up with a fast-food chain to open dispensary franchises across Canada. This is the second established partnership between a Canadian cannabis company and a restaurant operator.
A head shop in Windsor, Ontario is bringing cannabis accessories to a specific set of customers - women.
New York Governor Andrew Cuomo’s plan to legalize cannabis for adult recreational use is a frontrunner in the push toward full legalization of cannabis in the United States, experts say.
Cannabis patients and enthusiasts can now purchase cannabis online through Amazon. Those who wish to buy their product through a giant corporation are in luck, as sellers on the site have seemingly decided to start selling their products through the online retail giant.
Canadian licensed producer Zenabis Ltd. has entered into a supply partnership with PEI Cannabis to supply adult-use cannabis throughout the province. Zenabis Global is a producer of both medical and recreational cannabis with facilities in New Brunswick, British Columbia and Nova Scotia.
Zimbabwe recently authorized licences to grow cannabis for medical or research purposes. Previously, it was illegal to possess, consume or cultivate the plant, with violations leading to harsh penalties of up to 12 years in prison. Now, after many delays in the implementation of the regulations, licensed companies and individuals can grow the plant.
Olds College, a college on highway 2 in between Calgary and Red Deer, Alberta, is trying to answer the call for the need for qualified workers in the cannabis space.
Cannabis producer Aphria has announced that it is raising $225 million for new and expanded facilities, as well as for global acquisitions and expansion.
Aphria Inc. has announced the planned purchase of a subsidiary of Scythian Biosciences Corp. to expand into South America as well as Jamaica.
Aurora Cannabis Inc. has announced that it will use Shopify as its e-commerce engine for its global online distribution of cannabis.
Aurora Cannabis has agreed to purchase CannaRoyalty’s exclusive Canadian License to use and commercialize Wagner Dima’s pre-roll technology. The deal was agreed upon for C$7 million in Aurora common shares.
Aurora Cannabis has signed a binding term sheet to purchase Anandia Labs for $115 million.
Aurora Cannabis Inc., one of Canada’s largest marijuana producers, has purchased a 19.99 % stake in Montreal softgel manufacturer Capcium for $10 million.
Aurora Cannabis Inc. has announced it has completed its acquisition of CanniMed Therapeutics Inc.
Aurora Cannabis, through its wholly owned subsidiary Pedanios GmbH, has signed a collaboration agreement with Heinrich Klenk GmbH & Co. K, one of Europe’s largest medicinal plant companies.
Aurora Cannabis Inc. announced on Tuesday that it has lined up a debt deal worth a potential $250 million with the Bank of Montreal.
Aphria Inc. has announced that it has signed an agreement with Great North Distributors, Inc., a wholly-owned Canadian subsidiary of Southern glazer’s Wine & Spirits to serve as the exclusive manufacturer’s representative for Aphria’s recreational cannabis products throughout Canada.
The billionaire family behind American Eagle Outfitters Inc. is backing a cannabis company that is focused on dispensary chains and cannabidiol-infused beauty products.
California based Hound Labs has created the first breathalyzer able to detect the amount of THC in somebody’s body.
It is no secret that Canadian cannabis companies are looking to conquer the industry around the world. As countries warm up to the idea of medical and recreational cannabis, Canadian licensed producers have been at their door steps awaiting the chance to poor money and expertise in. The most recent target is Lesotho, a small landlocked nation completely surrounded by South Africa.
According to Statistics Canada Canadian cannabis spending was up 1.2 per cent in the second quarter of 2018, reaching $5.7 billion on an annualized basis.
Three major cannabis producers have had their stocks jump on reports that the U.K. spirits maker Diageo Plc has been in talks with them for a major investment or partnership.
Canadian Applications for cannabis cultivation licenses rose 150% in the first quarter of 2018.
Cannabis is certainly no rare sight for university students, but with national legalization coming in Mid-October, the plants relationship with campuses will be changing.
In the Canadian cannabis industry, men dominate the landscape. The result is what many believe to be a gap in marketing and positioning products to women, a major potential consumer base.
Durango, a small southwestern Colorado has opened a “Cannabis Discovery Center” for curious visitors to learn about Colorado's thriving marijuana industry.
A major investment, C$2mIn, has been made by Cannabis Growth Opportunity Corporation (CSE:CGOC), a cannabis investment company. The funds will be used to finish Whistler Medical Marijuana’s 62,000 square foot production facility in Pemberton, British Columbia.
In a new industry such as the cannabis space, experienced and skilled workers are hard to come by. As a result, companies are left looking for talent in neighbouring industries that hold a skill set that can be transferred over.
A company in Halifax, Nova Scotia is now offering courses in cannabis safety for workers and their employers.
In a new interview with CNBC, Canopy Growth Corp. CEO Bruce Linton says that the focus of his company’s resources will be on producing and selling cannabis products, rather than simply cannabis as a “primary ingredient”.
On Thursday Canopy Growth announced plans to create Canopy LATAM Corp., a Latin America subsidiary of the company. In its first move, the subsidiary acquired Spectrum Cannabis Colombia S.A.S. for CA$4.6 million in Canopy Stock.
In its highest monthly total for adult-use sales in the states history, Colorado racked in over $105 million in March 2018.
Toronto based Cronos Group Inc. is partnering with Boston based Ginkgo Bioworks Inc. to genetically engineer the active compounds in marijuana. Gingko and its partners will work with Cronos to identify rare cannabinoids that are found in tiny quantities in the plant, extract its DNA, and produce them in a lab.
Deloitte has released its 2018 Cannabis Industry Study focused around consumer demand in and what it means for the cannabis space.
In a country that legalized marijuana in 2013 and implemented it last year, Uruguay’s recreational industry’s growing pains are still all too prevalent for many.
Details about the locations of where legal marijuana stores will be placed in Manitoba have begun to be released.
According to a new report from Deloitte focused on Canada’s future recreational cannabis market, smokable products are losing their fire among consumers preferences.
An Edmonton based cannabis delivery system is set to hit the roads come federal legalization in October. The issue it faces however, is provincial regulation that dictates only provincial run cannabis sellers can deliver to users.
After a fierce battle with Japanese regulators, Australian medicinal cannabis company Elixinol has launched Japan’s first campaign advertising any cannabis related product.
Florida’s medical marijuana industry has continued to thrive, and could get a major boost with potential changes to allow all cannabis products to be sold in the near future.
After lobbying the federal government about cannabis safety and keeping its name relevant among the growth of the industry, lab equipment giant Thermo Fisher Scientific Inc., has announced it is offering scientists in Canada a wide variety of products that can be used for cannabis testing.
Garden Centres in Alberta have been disappointed by regulation that won't allow them to sell marijuana seeds or seedlings when recreational cannabis becomes legal this fall.
One of Germany’s largest public health insurers, Techniker Krankenkassen (or TK), has provided a report on patient demographics and medical cannabis treatment.
The German government has officially cancelled a tender process for cannabis companies to grow with Germany. The tender, which was delayed since March, was halted by a Dusseldorf higher court judge because of petitions from companies that deemed the process unfair. It was claimed that there was not enough time between the first and second phase for companies to submit the necessary documentations.
German Health Minister Jens Spahn and his Dutch counterpart Hugo de Jonge have agreed to more than double the shipments of cannabis sent from the Netherlands to Germany amid soaring German demand.
Gwyneth Paltrow’s feel-good lifestyle brand Goop has entered the cannabis space by partnering with major US Dispensary chain MedMen.
Come July 30th, California dispensary customers will be able to purchase Hi-Fi Hops, a new beverage launched June 26th by US craft brewer Lagunitas. Lagunitas is owned by Heineken, and the beverage will be offered in two forms - one with 10 mg of THC, and one with 5 mg of THC 5 mg of CBD.
The scion of the world famous Wrigley family who made their fortune in chewing gum is now putting his money into the medical marijuana market.
Massachusetts’ state agency in charge of the rollout of recreational cannabis is expecting a very slow start come legalization. By the time cannabis is legal, less than a dozen retail pot shops will be open for the state of 6.7 million.
255 million Euros are currently in progress for plants for processing industrial hemp and medical marijuana in Greece, according to the director of Cannatec Greece.
Israeli-based Together Pharma announced on Tuesday that it will partner with Premier Dead Sea to sell a cosmetic line based on cannabis and Dead Sea minerals. The products, which have not specifically been announced yet, will focus on CBD infusion.
Canopy Growth Corp (NYSE: CGC), the world's largest marijuana stock, began trading on the New York Stock Exchange today. The company, based out of Smith Falls, Ontario, is the first plant-touching company to be listed on the major American stock exchange. It plans to continue trading on the TSX in Toronto under the ticker symbol “WEED”.
Learning how to grow weed at McGill University in Montreal could earn you a university degree. The faculty of agricultural and environmental sciences is offering up a program with those who have a background in plant sciences to learn how to cultivate cannabis.
Delta 9 Cannabis and the Fort Garry Brewing Company had a launch party on Monday night celebrating the release of their first jointly developed beer.
$57 billion: According to a new report by Arcview Market Research and BDS Analytics, that is how much the global cannabis industry can be worth by 2027. Spending on marijuana, it is predicted, will be focused in North America, but oversees markets in Europe will expect the biggest jumps in growth, with a 47% CAGR and estimated $2.5 billion value by 2027.
British Columbian based medical marijuana licensed producer Tilray announced that is has formed a strategic partnership with Sandoz Canada. The Quebec-based affiliate of Sandoz International GmbH is an arm of the $188 billion Pharmaceutical giant, Novartis.
Little Green Pharma has become the first Australian company authorized to grow and sell local medicinal cannabis in the country.
One of Colorado’s largest dispensaries, The Green Solution, has managed to find a way to include a summer time classic with the effects of marijuana.
Charlotte’s Legendary Lobster Pound, a seafood restaurant in Southwest Harbor, Maine, has grabbed headlines across North America for its innovation in what they call a humane way to cook their lobsters.
On Thursday, medical cannabis licensed producer MedReleaf confirmed that it is in talks with rivals, including Aurora Cannabis, about “various alternatives”.
Maricann Group Inc. has announced that is has entered into a non-binding term sheet to form a strategic joint venture with San Martino S.S., a large scale agricultural company in the Piedmont Region of Italy.
In a reverse takeover to go public on Vancouver’s Canadian Securities Exchange, Los Angeles-based cannabis producer MedMen has been valued at $2.14 billion.
MedReleaf, a Canadian licensed producer of medical marijuana, has agreed to export cannabis products to the German medical cannabis distributor, Cannamedical Pharm GMBH to provide to pharmacies in the country.
Heavyweight champion Mike Tyson’s newest venture is in California’s thriving marijuana market.
In a move that the industry has been anticipating for months, Molson-Coors has announced who it will partner with. The company plans to join forces with Gatineau, Quebec based Hexo cannabis to create a non-alcoholic, THC infused beer.
A report from BNN Bloomberg released Friday announced that North America’s second largest beer maker, Molson Coors Brewing Co., is analyzing Canada’s cannabis industry for a potential move into the space.
Namaste Technologies has announced that it has acquired a 15% stake in Pineapple Express Delivery Inc. for $1,000,000.
Netflix is planning the release a show on its platform based around cooking with cannabis. The show, titled Cooking on High, will put 10 chefs against each other who will cook for a panel of four judges based on taste and presentation. The catch, is that all recipes must get the judges high.
The stigma that has been brought on by decades of anti-smoking campaigns has followed into the cannabis market, and can prove to be a major opportunity to the legal marijuana industry.
The government of Ontario announced on Monday that it has pushed back its plan for private retail brick and mortar cannabis stores to April of 2019.
When Oregon lawmakers implemented the states recreational marijuana laws, their goal was to stamp out the black market. It appears they have done just that, however they are beginning to run out legal businesses as well.
Organigram is purchasing a 26% equity stake in European hemp producer Eviana Health Corporation. The purchase is priced at $10 million.
For a program that only began in February 2018, Pennsylvania’s medical marijuana program has excelled. At its beginning, more than 17,000 patients were registered. By march, there are roughly 21,000 patients participating, all being served by 14 dispensaries.
Pennsylvania's medical marijuana program is expected to reach sales of $60 million this year and quadruple to $240 million by 2020, according to the U.S. Cannabis report presented by New Frontier Data.
Leading licensed producer of medical cannabis, Organigram, in Moncton, New Brunswick has announced today that they have received a “Permit to Export Cannabis” from Health Canada enabling them to being its first international shipments.
The now infamous “Permit Patty” that has been making rounds on the internet for calling the police on an 8 year-old girl running a water stand without a permit, has stepped down as CEO of a thriving cannabis company.
Pharmasave, a large network of independently owned pharmacies, which operates a network of 650 stores across Canada, has signed a letter of intent with British Columbia-based medical cannabis cultivator Zenabis for the supply of MMJ. The deal makes it the second one Pharmasave has signed in two weeks.
A new poll form Gallup found that millennials use of cannabis is drastically higher than any other age group in America.
The British free-market think tank favorited by Margaret Thatcher has called on the government to legalise cannabis to generate government revenue and reduce costs.
In a memo to clients last week, RBC Capital Markets analysts out the growth of the U.S. marijuana industry. The report stated that the legal cannabis sector is set to grow at a 17% CAGR over the next ten years. That growth equates to as much as $47 billion in annual sales.
Ryerson University’s Ted Rogers School of Management and its Chang School of Continuing Education are collaborating to bring a cannabis course to its curriculum. The course will be called “The Business of Cannabis” and will aim to familizer students with how to apply basic business principles to the cannabis space within Canada, while focusing on Ontario.
Saskatchewan Polytechnic is the most recent school in Canada to announce that it plans to offer courses in the cannabis field.
Canadian E-Commerce giant Shopify will be responsible for the online sales of recreational marijuana in Ontario.
The British Columbia Liquor Distribution Branch (B.C. LDB), the province’s exclusive wholesale distributor for legal recreational cannabis, announced that Shopify Inc. will build its ecommerce portal.
The Edmonton-based licensed producer Aurora Cannabis has just signed a deal to supply medical cannabis to Shoppers Drug Mart. Aurora Cannabis CEO and founder Terry Booth said, “The Shoppers and Aurora brands are trusted to deliver high quality products and excellent customer service.”
As alcohol companies continue to explore and make their investments into the legal cannabis industry, another industry is watching with great interest according to an expert.
California-based company, Casa Verde which is owned by rapper Snoop Dogg, has invested 4.3 million Canadian dollar ($3.3 million) seed investment in Green Tank Technologies, a Toronto-based vaporization hardware developer.
The first two coffeeshops in Paris legally allowed to sell cannabis have attracted long lines and eager customers.
As cannabis grips the headlines of around North America and continues to grow in popularity in Europe, Alcohol companies have been re-evaluating their game plans and deciding to enter the market in one way or another. Constellation Brands, the maker of Corona and Modella, purchased a 39 percent stake in Canopy Growth Corp, with the option to go up to 51 percent, while Molson-Coors partnered with Quebec based Hexo to develop a THC beer. Even Heineken has joined with its California subsidiary already selling a THC-infused brew.
CBD and THC have been getting most of the attention from consumers, media outlets, and producers as the cannabis boom has been going on, but now, terpenes may be getting their spotlight.
The Green Organic Dutchman (TGOD) has announced that it has signed an agreement to acquire 100 % of HemPoland.
With the “cannabis revolution” in full effect, we look at some of the biggest trends taking part in the medical cannabis community.
Tilray Canada has been selected by the Nova Scotia Liquor Corporation (NSLC) to supply the province with adult-use cannabis.
Through explosive growth since its July IPO, and an unprecedented week of trading, British-Columbian based Tilray surpassed Canopy Growth Corp. to become the world’s most valuable legal cannabis enterprise.
British Columbian based Tilray Inc. will be valued at between US$1.3 and $1.5 billion when it begins trading on the Nasdaq Stock Market.
Tilray, the prominent cannabis producer based in Nanaimo, British Columbia , is set to join NASDAQ to raise $100 million from its Class 2 stock.
Tragically Hip fans are sure to recognize some distinctly-named strains released by UP Cannabis come October.
Estimates published in the Marijuana Business Factbook show that the impact of legal marijuana sales could reach between $63 billion - $77 billion by 2022, up 223% from 2017’s $20 billion - $23 billion in the US.
US Tariffs that have been implemented against Chinese goods will impact the cannabis industry as well.
Licensed Producer WeedMD and biotechnology company Revive Therapeutics have entered into an agreement for joint medical marijuana research and development supply.