There’s no denying that the marijuana industry is growing like a weed. The legalization of recreational marijuana in Canada is big news, and it clearly puts the cannabis industry on the map as a high-growth and viable business model. According to various Wall Street estimates, the legal industry in Canada could see around $5 billion in added […]
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Cronos Group reported third-quarter results on Tuesday. The marijuana producer’s revenue grew 186% year-over-year. It lost $0.04 a share, down from $0.01 profits per share. Watch Cronos Group trade live here. The Canadian cannabis grower Cronos Group on Tuesday reported third-quarter results that saw its revenue grow but loss widen. Shares were down as much as 5% in early […]
The report, which was published earlier last week, indicates that Health Canada has issued licenses to major cannabis producers that have “longstanding ties” to mobsters, including the “powerful” Montreal crime family the Rizzutos. But investigators — Radio-Canada’s French-language news program Enquête – have so far refused to reveal the companies and the people involved. Nevertheless, the […]
This Tuesday, Missouri voters will be asked to decide on three ballot measures related to medical marijuana. An informal survey of area residents conducted Friday found support among local voters. Despite its status as a Schedule One drug, which makes it illegal to sell, possess or cultivate under federal law, marijuana has been legalized for […]
This is Dan Bilefsky in Montreal, where the pungent smell of cannabis wafting from the long lines of people at government marijuana stores may soon compete with the more familiar street smells of poutine. I am filling in this week for Ian Austen on the Canada Letter. Pure SunFarms, a marijuana cultivation facility in Vancouver.CreditAlana […]
The Grow Room in Regina will be offering workshops to help home-growers Budding green thumbs now have the opportunity to legally grow their own cannabis at home. Canadians can grow up to four cannabis plants for personal use per residence under the new laws. The plants must come from licensed seeds or seedlings. Chad Bonin has […]
For many Canadians, the idea of legal cannabis once seemed a pipe dream. But from 17 October, Canada will become the first G7 country to give recreational cannabis the green light. It’s following a trail first blazed by Uruguay in 2013. “It’s becoming a serious industry,” says one entrepreneur. Supporters say legalisation will bring new […]
Alberta Gaming Liquor & Cannabis released the list of pot shops that will be up and running with products on the shelves on Oct. 17. Of the 17 Alberta retailers issued interim cannabis licences, six are located in Edmonton, three are in Medicine Hat and two are in Calgary. (See the full list below). READ MORE: Edmonton […]
In the wake of Canada’s (soon to be) marijuana legalization, there’s a lot of buzz floating around about cannabis-infused beverages. Beer giants like Constellation Brands, Molson Coors and Heineken are dipping their toes in cannabis products and signing deals with Canadian marijuana producers. READ MORE: Coca-Cola reportedly in talks with Aurora Cannabis to make infused drinks Even the soft […]