NEWFOUNDLAND AND LABRADOR -- There’s a new cannabis business making its way to the province, and it could mean another 200 jobs in the Freshwater area, near Carbonear.

FSD Pharma announced an agreement to purchase 51 per cent of Atlantic Island Cannabis Thursday morning — what they are calling a “strategic investment of $40 million to bring economic benefits to the province of Newfoundland” with a “phased expansion plan in place to create 200 local management and construction jobs.”

The first phase of the project involves setting up an indoor cannabis production facility in Freshwater, on the current Noel’s Turkey Farm land. Owner Kerry Noel signed a land sale agreement with Atlantic Island Cannabis on Wednesday.

Bobby Kennedy sells skateboards for a living, and, up until this week, he was also selling medical marijuana from his Pandosy Street business.

That is, until the City of Kelowna shut him down — one of the last dispensaries in the city forced to close its doors.

“As far as I’m concerned, the city is completely blowing it on doing these types of things — not just by shutting me down — it’s by shutting down access to the people,” Kennedy said.

BRITISH COLUMBIA -- The City of Kelowna said, as the October 17 date approaches for legalization, it’s about six weeks away from coming up with a plan.

The countdown is on until cannabis becomes legal in Canada on Oct. 17.

The new law comes with mixed feelings and perspectives for members of the business community.

“It’s happening to us, it’s happening whether you like it or not. It’s happening in the models that have been chosen and we didn’t lobby for it for instance in our world but we really want to do it well and do it responsibly,” said Tim Pellerin, NSLC’s senior vice-president and CEO.

Pellerin was one of the people selected to discuss the potential impacts cannabis legalization will have on businesses throughout Nova Scotia at a luncheon in Halifax Wednesday.

VANCOUVER, July 11, 2018 /CNW/ - THC BioMed Intl Ltd. ("THC" or the "Company") (CSE:THC) announces that it has been selected by the province to supply British Columbians with adult-use cannabis. THC has entered into an agreement through its wholly-owned subsidiary, THC BioMed Ltd. to supply non-medical cannabis to the B.C. Liquor Distribution Branch following legalization.   

THC is very proud to be given this opportunity to have its products available for sale in British Columbia, beginning October 17, 2018.

Holding stocks with strong operations in the United States is one way to hedge your portfolio against potential trouble in Canada. Let’s take a look at three Canadian stocks that offer solid U.S. exposure. Bank of Montreal (TSX:BMO)(NYSE:BMO) Bank of Montreal’s major foray into the U.S. market began in 1984 when it purchased Harris Bank. A number of additional transactions have since occurred, and BMO Harris Bank, based in Chicago, now has over 600 branches serving retail and commercial customers, primarily in the U.S. Midwest. Bank of Montreal reported adjusted fiscal Q2 2018 net income of $1.46…

The marijuana industry is in its early-growth stages and many companies are staking out positions in various parts of the country — and the world. With the U.S. currently off limits until cannabis is legalized federally, companies like Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) have had to look to other parts of the world for expansion opportunities. The latest market attracting the attention of cannabis companies is South America, with Canopy Growth recently announcing the acquisition of medical marijuana company Spectrum Cannabis Colombia S.A.S. There could be many more acquisitions on the way, as Aphria Inc. (TSX:APH) has also expressed interest in the…

The federal government’s move to greenlight the growing of commercial cannabis outdoors will allow Canadian producers to compete globally, but it also carries risks, those in the industry say.

At least one medical marijuana grower in Southwestern Ontario – one of the country’s richest farm belts, where seven indoor pot producers now operate – says his company is cautiously exploring the new outdoor option, while another was quick to rule it out.

The mixed reaction comes as the federal Liberals prepare to lift the outdoor cultivation ban on medicinal and recreational cannabis – the drug could previously only be grown in greenhouses or indoors – in a bid to create a competitive industry and battle the black market ahead of legalization on Oct. 17.

With legal marijuana just over three months away, many investors are wondering whether it’s too late to capitalize off the Canadian green rush. While it may seem like you missed Aurora Cannabis Inc. (TSX:ACB) after its incredible 2,000% surge over the last two years, there are many reasons why the best may be yet to come. You’re probably aware that most pundits agree that there’s going to be a colossal marijuana supply shortage once the floodgates finally open on October 17, 2018. What many are unsure of, however, is exactly how long the supply shortage window will be open. With…

ALBERTA -- City council in Lacombe has given first reading to the community’s first smoking bylaw, one with heavy restrictions on where tobacco and cannabis can be consumed in public.

The proposed bylaw prohibits cannabis smoking, vaping or consumption in any public place – including parks, trails and playgrounds – as well as private property frequented by residents (business or mall parking lots, for example).

Tobacco smoking would be allowed in parking lots provided a person is at least 10 metres from any doorway.

Canntab Therapeutics Ltd (CSE:PILL) is lining up its ducks ahead of the legalization of cannabis in Canada on October 17 this year - as it announced a profit sharing collaboration with medical pot producer FSD Pharma Inc.

Under the letter of intent (LOI) FSD Pharma will help Canntab to obtain a license to process and sell cannabis products under the new legislation.

It will also provide up to 10,000 sq ft of space at its 620,000  sq ft facility, which lies one hour east of Toronto in Cobourg, Ontario.