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News 2016-11-09T15:04:13+00:00

Justin Trudeau Suggests $1 Per Gram Tax On Marijuana

OTTAWA — Prime Minister Justin Trudeau is proposing to levy a federal excise tax on recreational marijuana once it becomes legal next July, with the provinces and territories receiving half the revenue. Under a federal proposal put to premiers during a first ministers meeting Tuesday, each gram of pot would be subject to an excise tax of $1 on sales up to $10 and a 10 per cent tax on sales of more than $10. However, premiers argued that provinces will foot the lion's share of the cost of regulating and enforcing the new regime and should, therefore, get the lion's share of the revenue. Trudeau said the level of taxation on marijuana and revenue sharing are still matters under negotiation with the provinces. He acknowledged that [...]

November 6th, 2017|Categories: Blog, News|Comments Off on Justin Trudeau Suggests $1 Per Gram Tax On Marijuana

Legalized marijuana presents opportunity of a lifetime for Canadian entrepreneurs

  Canada is creating a $23 billion business opportunity. And that's just the beginning. The modern-day prospectors in Canada's new cannabis market are working hard and cutting deals as the final eight months tick down to the day when recreational marijuana is fully legalized. Like the gold miners who trekked to the Yukon 120 years ago, today's fortune hunters are forging into the unknown. Some will get rich, some won't make it, and a few will leave their mark for generations. The motherlode is an industry valued at $23 billion, according to research from accounting firm Deloitte. That includes growing and retail sales, transportation, security, edibles, taxes, and tourism. Canadians could also be at the forefront of a growing global business, exporting not only cannabis and its [...]

November 3rd, 2017|Categories: Blog, News|Comments Off on Legalized marijuana presents opportunity of a lifetime for Canadian entrepreneurs

Ontario cracks down on illegal marijuana shops in new legislation for sale, distribution

Illegal pot shops who remain defiant will be shut down and face 'steep' fines up to $1M. The first wave of 40 marijuana stores will open in 2018 with that number rising to 80 stores by July 2019. (CBC News) Ontario's Liberal government will be cracking down on illegal dispensaries with steep fines under new legislation introduced Wednesday for the sale and distribution of recreational marijuana. The regime will take effect in July 2018 when the federal government legalizes the drug. It's the first bill tabled by any province aimed at regulating the sale and distribution of weed. Storefront operations that continue to illegally sell pot after that could be fined up to $1 million and shut down under the new rules, according to Attorney General Yasir Naqvi, who tabled the Cannabis Act at [...]

November 3rd, 2017|Categories: Blog, News|Comments Off on Ontario cracks down on illegal marijuana shops in new legislation for sale, distribution

‘A bold move’: Canadian cannabis giant Canopy Growth sells stake to American brewer

U.S.-based beverage giant Constellation Brands Inc. is buying up to 20 per cent of Canopy Growth Corp. in a ground-breaking deal that lends legitimacy to Canada’s fast-growing marijuana industry while potentially throwing open the door to additional investments in the sector by big international companies. According to the terms announced Monday, an affiliate of Constellation, the New York-based maker of Corona beer and Kim Crawford wines, will pay approximately $245 million for a 9.9 per cent stake in Canopy, Canada’s largest licensed producer of medical marijuana. The terms also give Constellation common share purchase warrants that could allow it to double its stake in the Smith Falls, Ont.-based Canopy for the same price — about $12.98 per share. Canopy shares surged 19 per cent to close at [...]

October 31st, 2017|Categories: Blog, News|Comments Off on ‘A bold move’: Canadian cannabis giant Canopy Growth sells stake to American brewer

Health minister says government looking at July 2019 as ‘window’ for rules on edible cannabis

DEAN BENNETT EDMONTON THE CANADIAN PRESS 3 DAYS AGOOCTOBER 20, 2017 Canada's health minister says pilot projects have begun on roadside police testing for marijuana, and the plan is to have rules in place for edible cannabis around July 2019. "Our priority right now is to ensure that we can legalize cannabis by July 2018," Ginette Petitpas Taylor said Friday. "There's no specific date (for edibles to be available), but I would say if you look a year after the legalization, that is the window that we're giving ourselves." Petitpas Taylor made the comments to reporters after briefing her provincial and territorial counterparts on Ottawa's progress toward legalizing marijuana. Ottawa will not allow edible cannabis in the marketplace until it has put in place the rules surrounding [...]

October 23rd, 2017|Categories: Blog, News|Comments Off on Health minister says government looking at July 2019 as ‘window’ for rules on edible cannabis

Cannabis industry to province: Make room for made-in-Manitoba weed

Existing players in legal-cannabis sector urge province to ensure diversity of entrants into new marketplace. Winnipeg's modest legal-cannabis industry wants the Progressive Conservative government to foster a made-in-Manitoba marijuana sector as the clock ticks down toward the legalization of recreational weed. Cannabis producers and retailers say Brian Pallister's government ought to allow an array of entrants into recreational cannabis production, distribution and retailing in Manitoba — and in a manner that doesn't allow large national players to monopolize the local marketplace after legalization next July. "I think the worst case for Manitoba here would be to allow for us to import products from other provinces, to retail stores that are run by companies from other provinces, with none of the profits, expertise, etc., really contributing to the Manitoba economy," said John Arbuthnot, vice-president [...]

August 2nd, 2017|Categories: Blog, News|Comments Off on Cannabis industry to province: Make room for made-in-Manitoba weed

Federal-provincial showdown looms over legal pot deadline

Premiers say time running out to address road safety, taxation and black market issues. A potential showdown is looming over the federal government's target date to legalize pot. Premiers announced today they will ask the federal government to postpone its plan to legalize marijuana if issues related to road safety, taxation, training for distributors and public education aren't addressed. At a news conference to close off the annual summer Council of the Federation meeting in Edmonton, the premiers announced they have formed a working group that will report back on progress by Nov. 1. Premiers will seek an extension if the federal timetable is deemed "unrealistic." "Premiers around this table agreed that should the federal government not engage adequately on these issues, we will need more time to implement [...]

August 1st, 2017|Categories: Blog, News|Comments Off on Federal-provincial showdown looms over legal pot deadline

Time to Grow Up, Canada!!

NIAGARA FALLS, ON, July 25, 2017 /CNW/ - Canada's premiere cannabis industry show is coming to Scotiabank Convention Centre, Niagara Falls. Grow Up Conference and Expo has partnered with the producers of O' CANNABIZ and Canadian Music Week who bring the expertise to deliver a high quality experience for industry professionals and attendees. The 19+ event is open to the public and will feature world-renown speakers, panelists and exhibits from leading companies in Canada's burgeoning medical cannabis industry. Scheduled for October 6-7 with an industry kick-off party slated for October 5th, Grow Up Conference and Expo will bring together licensed producers, suppliers, equipment manufacturers, investors, lawyers, government officials, legal retail owners and growing enthusiasts – all in one magnificent location. Speaker sessions and exhibit space is filling up quickly. Gold sponsor James E. Wagner Cultivation a licensed producer [...]

July 26th, 2017|Categories: Blog, News|Comments Off on Time to Grow Up, Canada!!

Premiers set to tackle clogged courts and legal cannabis

Countdown is on for leaders to figure out where marijuana will be sold and legal smoking age. Coping with new pot rules, court delays and an escalating opioid crisis are some of the pressing issues premiers will tackle on the final day of their meeting in Edmonton today. As the Council of the Federation turns its focus from trade and economic issues to criminal justice, one premier is proposing a collective demand that the federal government postpone legalizing marijuana for one year. Manitoba's Brian Pallister made the pitch Tuesday, arguing there's not enough time for provinces and territories to get regulations, road safety provisions and public awareness in place to meet the federal government's target of July 2018 for legal pot. "I'm not suggesting we go back and fight the battle around the legalization [...]

July 19th, 2017|Categories: Blog, News|Comments Off on Premiers set to tackle clogged courts and legal cannabis

Tragically Hip goes into partnership with medical marijuana upstart

Marijuana companies may have limited abilities to advertise after federal legislation is passed   The Tragically Hip has announced a partnership with medical marijuana company Newstrike. "After much discussion and assessment on our part, we've decided that this company — and the many creative people in it — are a perfect fit for The Hip," said the band in a news release. The company says the band members are "significant investors" in Newstrike, which will begin trading on the TSX in June under the new symbol HIP. The band will also play a role in the company's branding efforts. "No one knows Canada and Canadians like the members of The Tragically Hip," said Newstrike executive chairman Scott Kelly. "With their involvement and support, Newstrike firmly believes [...]

May 30th, 2017|Categories: News|Comments Off on Tragically Hip goes into partnership with medical marijuana upstart

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