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So far Kayley Szanto has created 114 blog entries.

U.S. pot enforcement policy a lift for Canadian cannabis industry: experts

Armina Ligaya, The Canadian Press Published Thursday, January 4, 2018 6:17PM EST  TORONTO -- A move by the U.S. attorney general to quash an Obama-era policy that allowed legalized pot to flourish south of the border dealt a blow to marijuana stocks Thursday, but observers and industry players say the crackdown is a boon for the Canadian cannabis industry. On Thursday, Jeff Sessions rescinded the 2013 Obama administration guidance that suggested the federal government would not intervene in U.S. states where the drug is legal, which has opened the door for several states to legalize pot for medical and recreational purposes. In a new memo, President Donald Trump's top law enforcement official said he will [...]

By | 2018-01-05T15:36:33+00:00 January 5th, 2018|Blog, News|Comments Off on U.S. pot enforcement policy a lift for Canadian cannabis industry: experts

Aurora Cannabis acquires stake in The Green Organic Dutchman

EDMONTON, B.C. THE CANADIAN PRESS PUBLISHED 6 HOURS AGO Aurora Cannabis Inc. has signed deals to acquire an initial minority stake in The Green Organic Dutchman Holdings Ltd. and to purchase up to 20 per cent of TGOD's annual cannabis production. Aurora says it plans to acquire a 17.62 per cent stake in the privately held company for $55-million. Aurora will also have the option to incrementally increase its ownership interest to 51 per cent once TGOD meets certain corporate, operational, construction and financial milestones. TGOD is building a high-technology greenhouse in Valleyfield, Que., where it owns a 30-hectare property. Under the proposed supply agreement, Aurora will have the right to purchase up to 20 [...]

By | 2018-01-05T15:34:40+00:00 January 5th, 2018|Blog, News|Comments Off on Aurora Cannabis acquires stake in The Green Organic Dutchman

Aurora Cannabis signs joint venture deal with European greenhouse vegetable company

Alberta-based Aurora Cannabis Inc. has signed a deal to form a joint venture with European greenhouse vegetable company Alfred Pedersen & Son (APS). Under the deal, Aurora will own a 51 per cent interest in Aurora Nordic Cannabis A/S, based in Odense, Denmark. APS received its license to grow marijuana from Denmark’s Medicines Agency effective Jan. 1. READ MORE: Trudeau says legal pot is coming ‘next summer,’ not necessarily July 1 The joint venture will focus on the cultivation and sales of cannabis in Denmark, Sweden, Norway, Finland and Iceland. Dale Wilesack, senior person in charge, looks at cannabis seedlings at the new Aurora Cannabis facility Friday, November 24, 2017 in Montreal.THE CANADIAN PRESS/Ryan Remiorz THE CANADIAN PRESS/Ryan Remiorz   Aurora Nordic [...]

By | 2018-01-04T13:47:54+00:00 January 4th, 2018|Blog, News|Comments Off on Aurora Cannabis signs joint venture deal with European greenhouse vegetable company

Canadian pot stocks start 2018 with a bang amid California legalization

THC BioMed surged 70% intraday and CannaRoyalty jumped 27%, pushing the BI Canada Cannabis Competitive Peers Index up 13% to a record. Long line ups to buy marijuana in California and a new ETF sent Canadian pot stocks roaring into the new year. THC BioMed International Ltd. surged 70 per cent intraday and CannaRoyalty Corp. jumped 27 per cent at 2:38 p.m. in Toronto on Tuesday, pushing the BI Canada Cannabis Competitive Peers Index up 13 per cent to a record, extending a run that’s seen it almost triple since November. While few Canadian companies have direct exposure to the U.S. pot market — and may run afoul of the country’s main stock exchange operator [...]

By | 2018-01-03T14:10:53+00:00 January 3rd, 2018|Blog, News|Comments Off on Canadian pot stocks start 2018 with a bang amid California legalization

Recreational pot puts medicinal marijuana on the backburner just as demand explodes

http://business.financialpost.com/commodities/agriculture/recreational-pot-puts-medicinal-marijuana-on-the-backburner-just-as-demand-explodes Canada is riding high when it comes to cannabis. By next summer, the country could be the first G7 economy to have legalized recreational marijuana, creating an all-new industry expected to generate billions of dollars in cash for companies and government coffers. But while pot smokers and the companies that will serve them celebrate, the concerns of the medical marijuana industry seem to be getting short shrift. For one thing, the federal government in November proposed to subject medical cannabis to the same excise tax — or “sin tax,” as some refer to it — as its recreational cousin. The mere prospect of a medicinal marijuana tax has been taken as a slight against the [...]

By | 2018-01-03T14:09:34+00:00 January 2nd, 2018|Blog, News|Comments Off on Recreational pot puts medicinal marijuana on the backburner just as demand explodes

Marijuana use may have already hit $6.2B before Canada’s legalization

Some 698 million metric tons of cannabis may have been consumed, and the number of users is estimated at 4.9 million people. By GREG QUINNBloomberg Mon., Dec. 18, 2017 Ottawa—Canadians consumed as much as $6.2 billion of marijuana in 2015, almost as much as they spent on wine, the federal statistics agency said Monday as it gears up to officially track weed when it becomes legal next year. The agency calculated the value by estimating 4.9 million people consumed 698 metric tons of cannabis that year, at an assumed price range of $7.14 to $8.84 a gram. It used government health and social surveys and outside research to create its model. Statistics Canada called its report [...]

By | 2017-12-19T12:10:40+00:00 December 19th, 2017|Blog, News|Comments Off on Marijuana use may have already hit $6.2B before Canada’s legalization

Canadian companies fret about hazy rules around legal pot use

By Cassandra Szklarski The Canadian Press Once recreational cannabis use becomes legal, taking a “smoke break” at work could suddenly become much more complicated. At least that’s the fear among some human resources officials who wonder if the law change will bring impairment at work, decreased productivity, poor attendance and, of course, safety issues. Many questions linger over what legal pot will mean for the average workplace, says Scott Allinson of the Human Resources Professionals Association, which outlined its concerns in a 25-page report over the summer. While some of those issues have been addressed by proposed provincial limitations on who can toke and where, Allinson says many in his field are still unclear about what constitutes [...]

By | 2017-12-15T13:19:54+00:00 December 15th, 2017|Blog, News|Comments Off on Canadian companies fret about hazy rules around legal pot use

Ontario passes marijuana law, sets stage for government-run pot shops

Progressive Conservatives vote against Cannabis Act. Legislation giving Ontario's government a monopoly on recreational marijuana sales in the province passed at Queen's Park on Tuesday. MPPs passed the Cannabis Act 63 to 27, with support from the Liberals and the NDP, while the PC party voted no. The bill creates a provincial agency that will distribute and retail pot through storefronts and online. It also creates stiff fines that could top $1 million against companies and people who sell marijuana in defiance of the government monopoly. The bill gives municipalities the power to close pot shops as soon as their owners are charged, even if they have not been convicted. It also sets the minimum age to buy pot in [...]

By | 2017-12-14T11:03:31+00:00 December 14th, 2017|Blog, News|Comments Off on Ontario passes marijuana law, sets stage for government-run pot shops

Wynne says marijuana revenue deal with feds means money for municipalities

TORONTO -- Municipalities can begin discussions with Ontario over costs associated with legalized marijuana in light of a new tax revenue-sharing agreement between the provinces and federal government, Premier Kathleen Wynne said Tuesday. Wynne's comments come after Ottawa agreed Monday to give provinces and territories a 75 per cent share of federal excise tax revenues from the sale of legalized pot. The remaining 25 per cent -- to a maximum of $100 million a year -- will stay with the federal government. Federal revenues above $100 million will also go to the provinces and territories. "We need to work with municipalities to understand what their costs are going to be, what our costs are going [...]

By | 2017-12-14T10:56:33+00:00 December 14th, 2017|Blog, News|Comments Off on Wynne says marijuana revenue deal with feds means money for municipalities