Marijuana Business News

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Wed
13
Jun

Agrima Botanicals in Pitt Meadows signs medical marijuana agreement with Aurora Cannabis

The Agrima facility in Pitt Meadows will supply Aurora with dried cannabis flower and trim.

The Agrima Botanicals facility in Pitt Meadows, as part of a new deal, will supply Aurora with up to 20,000 kilograms of dried cannabis flower per year, for the next five years.

In addition to dried cannabis flower, Agrima will also supply up to 6,000 kg of cannabis trim per year.

Wed
13
Jun

BlissCo Cannabis Corp announces license amendment application to produce cannabis oil

BlissCo Cannabis Corp. (CSE: BLIS) (FRA: GQ4B), ("BlissCo") submitted a license amendment application to Health Canada to produce cannabis oil on June 6, 2018.

Vanguard Scientific Systems, MIDAS XII Co2 Extraction System (CNW Group/BlissCo Cannabis Corp.)

"The BlissCo team with the support of two international partners has designed a state of the art cannabis oil extraction lab, that in phase one will be able to produce 420 kilograms of cannabis oil annually. These 420 kilograms of cannabis oil will be used to create cannabis oil tinctures and capsules to service Canadian medical patients and international distribution partners," said BlissCo CEO Damian Kettlewell.

Wed
13
Jun

'A huge business story': World watches as Canada makes cannabis history

Marijuana media pioneer says Canada will lead the world on legalization.

Canada is still hammering out the final details for legalized recreational marijuana use, but it’s already being branded as the “world’s most important” cannabis exporter.

“It’s historic what’s been done here,” said Ricardo Baca, a veteran journalist known as the world’s first marijuana editor. “The groundwork that’s being laid will end up impacting cannabis business, cannabis research, the world over for decades to come.”

Wed
13
Jun

Employers need to be ready for the realities of legal cannabis

Many Canadian workplaces aren’t nearly ready for the fast-approaching legalization of marijuana, a marijuana industry expert told the World Cannabis Congress Monday.

Jason Fleming, vice-president of human resources for Ontario marijuana producer MedReleaf, said there’s still a lack of definitive testing, and many employers have not educated staff on new policies.

“Employers are having to write policies and have to prepare, but in many cases they are still using really outdated, anecdotal information,” he said Monday in Saint John.

Wed
13
Jun

Lack of imports to help create cannabis shortage when Canadian recreational sales launch

International treaties, Health Canada ban on imports restrict supply from abroad.

Licensed cannabis producers are ramping up production to get ready for legalization of marijuana in Canada this year, but are also bracing for demand to far outstrip supply because of restrictions on imports.

Health Canada forbids licensed producers, which will be the only authorized sellers of marijuana to provincial governments, from importing any cannabis for sale, regardless of whether the purchase is for medical or recreational purposes.

The only cannabis imports that the department allows are those classified as genetic material for licensed dealers that conduct research and testing.

Wed
13
Jun

Saskatoon marijuana licences could cost potential retailers $20K

$20K licensing fee and a $10K annual licence renewal fee proposed.

A proposed bylaw for the sale of marijuana in Saskatoon could see future retailers pay $20,000 for a licence and another $10,000 per year to renew that licence.

The city's Standing Policy Committee on Planning, Development and Community Services also recommends that any pot shop in the city have an air filtration system installed so that the smell of weed doesn't disturb nearby businesses. 

The report said the cash from the licences "can be used to mitigate the costs of regulation," but added that the fee structure could be reworked as marijuana becomes more established in the city.

Tue
12
Jun

Marijuana stocks trade at four-month highs as Canadian Senate approves Cannabis Act

North America’s marijuana index is riding high once again after one of the world’s biggest cannabis markets moved one step closer to full legalization.

Canada’s Senate Passes Cannabis Act

Canada’s cannabis bill passed third reading in the Senate last week and in doing so overcame one of the last critical hurdles to full legalization of recreational marijuana. Bill C-45, the so-called cannabis bill, was approved by a vote of 56-30 with one abstention.

Tue
12
Jun

How the Cannabis Act in Canada is affecting weed stocks worldwide

The Cannabis Act in Canada has been one of the most instrumental pieces of legislation implemented in the cannabis industry since its inception. The bill known as C-45, or the “Cannabis Act” has been crucial in cementing Canada’s adult-use market nationwide. The bill was recently voted on and approved for the third time, meaning that the industry is on its way to giving adults the ability to buy cannabis around the country.

Tue
12
Jun

Aurora Cannabis buying Anandia Laboratories in all-stock deal valued at $115M

Aurora Cannabis Inc. has signed an agreement to buy Anandia Laboratories Inc. in an all-stock deal valued at $115 million.

Anandia provides research and development services as well as analytical testing for clients licensed under Canada’s medical cannabis rules.

Aurora CEO Terry Booth says the deal expands his company’s capabilities and will help accelerate product development.

The companies say that Anandia’s cannabis testing services will remain operationally independent of Aurora.

Aurora has been gearing up in anticipation of the legalization of recreational marijuana in Canada expected later this year.

Tue
12
Jun

Rare Jamaican cannabis strains seeding a medical marijuana takeover in Canada

Toronto-based Jamaican Medical Cannabis Collective has signed contracts to provide Jamaican cannabis to three Canadian LPs and letters of intent to supply seven more.

Lift & Co., “Canada’s medical marijuana marketplace,” held its biggest expo in Toronto from May 25 to 27, welcoming almost 20,000 people to the Metro Toronto Convention Centre, which was surrounded by a slight haze during the three days devoted to cannabis education, product placement and trend-watching.

Billing itself as the last before legalization, the event was filled with companies poised to hit the new recreational pot market when it finally comes to Canada. Their booths took up two levels of the convention floor.

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