News 2017-11-25T19:11:16+00:00

Mississauga mayor fighting for share of legal marijuana revenue

With the federal and provincial governments carving out a revenue splitting formula for marijuana sales, Mississauga is asking for a commitment that municipalities will be given their fair share of the pot tax. “To date there has not yet been a formal commitment to the amount of revenue that will be shared with municipalities,” reads a statement from Mayor Bonnie Crombie released Monday. “This is concerning as municipalities across Canada work to prepare for the rapidly approaching July 2018 legalization date.” Federal Finance Minister Bill Morneau reached a deal with the provinces and territories on Dec. 11 that would give them 75 cents of every dollar collected in excise tax levied on marijuana sales. This is up from the 50-50 funding formula proposed in October. It remains [...]

December 12th, 2017|Categories: Blog, News|Comments Off on Mississauga mayor fighting for share of legal marijuana revenue

Three stocks benefiting from the cannabis boom, even though they don’t grow cannabis

As the legalization of recreational marijuana in Canada next summer draws closer, investors have been piling into cannabis-cultivating companies, driving the shares of producers such as Canopy Growth Corp. and Aphria Inc. up more than 100 per cent over the past 12 months. There is, however, more to the burgeoning industry than simply growing plants. A Deloitte study on Canada’s coming recreational market predicted that sales could reach as much as $8.7 billion per year, but noted that the money from ancillary activities could boost the economic impact to more than $22.6 billion. As a result, companies designed to support, service and supplement the sector are also seeing their shares bid up to unprecedented levels. With that in mind, here are three fast-moving marijuana stocks that don’t necessarily grow marijuana: Neptune Technologies & [...]

December 11th, 2017|Categories: Blog, News|Comments Off on Three stocks benefiting from the cannabis boom, even though they don’t grow cannabis

Legal marijuana deadline may be up in smoke as Tory senators stall bills

You may think that you will be able to buy marijuana legally as of July 1. You should think again. Conservative senators are threatening to hold up passage of the two bills that would legalize cannabis consumption and toughen rules against abuse. Unless these senators yield, the bills are unlikely to become law in time for the Canada Day deadline. "I think we have to do our job properly, and that means months," Conservative Senator Claude Carignan, the lead opposition critic on the legislation, said when asked in an interview how long he thought it would take the Senate to pass the bills. How many months? "The House took eight months to study" the bills, he said. "It will probably take the same timeline to do our [...]

December 11th, 2017|Categories: Blog, News|Comments Off on Legal marijuana deadline may be up in smoke as Tory senators stall bills

MADD to offer intoxication training to cannabis store staff

MADD has teamed up with a company called Lift to offer training for staff at cannabis retail outlets The head of Mothers Against Drunk Driving in Canada says people who work in stores that sell pot need to be trained the same way liquor store staff are trained to prevent intoxicated driving. MADD Canada has partnered with Lift, a company that provides information about cannabis strains and producers, to offer a retail training certification program for frontline staff in future cannabis retail outlets across the country. MADD Canada CEO Andrew Murie told CBC Radio's All In A Day staff at these stores will need to be knowledgeable about what's being sold — what strains do what, what percentage of THC the strains have — but that one of the biggest concerns in selling cannabis is knowing when not to [...]

December 8th, 2017|Categories: Blog, News|Comments Off on MADD to offer intoxication training to cannabis store staff

Marketing and packaging of legal marijuana a balancing act for government

David Brown’s marijuana marketing students are often shocked to learn how difficult it is to market marijuana. Advertising medical cannabis is essentially banned in Canada, with some exceptions. Restrictions on recreational weed are set to be a bit looser, but Brown still advises students to think of the constraints as opportunities. “These limitations can really aid in creativity. Marketing weed isn’t difficult, but marketing a highly regulated cannabis product is a lot more of a challenge,” said Brown, an instructor in Kwantlen Polytechnic University’s cannabis professional series. As legalization looms, observers say Ottawa faces a tricky balancing act on marketing. Large growers say branding is necessary to convince consumers to switch to the legal market, while health advocates call for plain packaging and strict advertising limits. The Cannabis Act, which would [...]

December 7th, 2017|Categories: Blog, News|Comments Off on Marketing and packaging of legal marijuana a balancing act for government

JOIN US AT O’CANNABIZ | JUNE 7 – 9 IN TORONTO

June 7th: Pre Conference Bootcamp | June 8th - 9th: Main Conference & Expo   RESERVE YOUR EXHIBITION BOOTH REGISTER NOW Partnerships and Sponsorships are a fantastic way to stand out at O'Cannabiz Conference & Expo. Have a look at our sponsorship packages for all available sponsorships. Custom sponsorship opportunities available. BECOME A SPONSOR A big thank you goes to all of the amazing companies that joined us at O'Cannabiz 2017!         Panel Submissions O'Cannabiz is always looking for new topics and panelists/speakers for our conference. If you have a great topic and/or would like to be a presenter, moderator or host please let us know. You can fill out our submission request here. View this email in your browser.  Copyright © 2017 O'Cannabiz Conference & Expo, [...]

December 7th, 2017|Categories: Blog, News|Comments Off on JOIN US AT O’CANNABIZ | JUNE 7 – 9 IN TORONTO

Canadians want to know: How will recreational marijuana be sold where I live?

British Columbia and Manitoba are the latest provinces to outline their plans for the sale of marijuana with legalization looming July 1. Here is a glance at provincial and territorial plans to date. -- Alberta plans to control the online sale of pot, but will leave over-the-counter sales to private operators. Details on how sales would work have yet to be determined. Private pot stores would have to be physically separate from stores that sell alcohol, tobacco or pharmaceuticals, but how that would be legally defined is also undetermined. Stores would not be allowed to sell anything but cannabis and cannabis-related products. -- British Columbia has set the age of consumption at 19, with retail sales allowed through both public and private stores. Retailers will have to get their [...]

December 6th, 2017|Categories: Blog, News|Comments Off on Canadians want to know: How will recreational marijuana be sold where I live?

B.C. Government unveils how cannabis will be sold once legalized

The B.C Government has unveiled details on how recreational marijuana will be distributed and sold once legalized. In a news release issued Tuesday morning, the province said it will allow both private and public sale of cannabis. The decision follows input from 48,951 British Columbians, and submissions from 141 local and Indigenous governments and a range of other interested stakeholders. “Looking at the responses received, it’s clear that British Columbians support the priorities of protecting young people, health and safety, keeping the criminal element out of cannabis and keeping roads safe, which will guide the province in developing B.C.’s regulatory framework for non-medical cannabis,” Minister of Public Safety and Solicitor General Mike Farnworth said. The following are policy decisions around the sale of recreational marijuana as outlined [...]

December 6th, 2017|Categories: Blog, News|Comments Off on B.C. Government unveils how cannabis will be sold once legalized

Shoppers Drug Mart partners with producer Aphria for medical marijuana

The deal comes after many months of discussions and is subject to Health Canada approving the application of the chain’s parent company, Loblaw Companies Ltd., to dispense medical pot. VANCOUVER—Marijuana producer Aphria Inc. announced it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis. The company said Monday that it will provide the pharmacy with four strains of dried marijuana flower in two different sizes and four cannabis oils. All 12 products will carry the Aphria brand name. The deal comes after many months of discussions and is subject to Health Canada approving the application of the chain’s parent company, Loblaw Companies Ltd., to dispense medical marijuana. Loblaw applied for a licence in October 2016, but neither company can say if [...]

December 5th, 2017|Categories: Blog, News|Comments Off on Shoppers Drug Mart partners with producer Aphria for medical marijuana

Pot black market isn’t expected to disappear even as marijuana becomes legal

From texting a local dealer to dropping into a neighbourhood dispensary or ordering online, Canada's black market for recreational marijuana has seen significant changes in recent years and, no doubt, will see more as the country hurtles toward a new world of legalization next summer. What does seem clear, however, is that the illegal market is unlikely to disappear in a puff of smoke come legalization day. "There's a huge, complex system out there operating in the world that has been delivering excellent product to people at reasonable prices for 40 years now," says Donald MacPherson, the executive director of the Canadian Drug Policy Coalition, an organization based out of Simon Fraser University that advocates for evidence-based policy-making and harm-reduction strategies. "It's really the degree to which [...]

December 4th, 2017|Categories: Blog, News|Comments Off on Pot black market isn’t expected to disappear even as marijuana becomes legal

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