Tweed online store to serve customers across the Province in addition to retail locations

The Saskatchewan Government has named the 51 successfully qualified applicants to sell cannabis across the province.

“This represents the next step in the process of having a privately-operated cannabis retail system carefully regulated by SLGA,” Minister Responsible for SLGA Gene Makowsky said in a news release. “There was a lot of interest in the public Request for Proposal process, resulting in many new businesses that will invest in our province.”

The number of major players in Canada's weed industry continues to expand.

The legal weed industry is now less than a week away from a monumental vote in Canada. The country's Senate is slated to vote on bill C-45 (officially the Cannabis Act) on June 7, with passage of the bill seen as likely. Soon thereafter, adult-use marijuana could become legal throughout the country, making Canada the first developed country in the world to allow adults to purchase cannabis legally.

Ontario-based licensed cannabis producer INDIVA Ltd. has been busy preparing for recreational cannabis legalization in Canada later this year.  INDIVA Ltd. is a small to mid-cap licensed cannabis producer with production and processing facilities in London, Ontario. The company is publicly traded on the TSXv under the symbol NDVA.

It would appear as though Canopy Growth Corp. (TSX:WEED) stock has begun to take off again, which should have investors asking themselves, “Exactly how high can it go this time?”

Following a “cooling off” period that extended through the first four months of 2018, Canopy Growth stock has once again continued its ascent, up at one point just shy of 44% over the first three weeks or so of May, giving back some those gains since then, but it’s still up a very respectable 32% since April 30.

The Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ) is being met with stiff resistance, threatening the near-term upside potential of the cannabis sector. The weakness comes in lead-up to a key third reading vote on Bill C-45 (Cannabis Act) on June 7, which is widely expected to pass. We explore further.

Government commits to allow private retail stores 6 months after legalization.

Private retail cannabis stores will be left out of the legal cannabis market in the Northwest Territories when the drug becomes legal, but the door is open for them to get in six months after that.

MLAs rejected an amendment to the territorial government's cannabis legislation Thursday that would have required the finance minister to keep the door open for private cannabis stores as soon as legalization happened.

But a so-called "compromise" motion presented following that vote did pass.

It allows the government to designate any store it deems "in the public interest" and calls for the development of criteria for judging public interest within six months of legalization.

Aurora Cannabis Inc. (TSX:ACB) has been on an absolute tear over the past six months, spending on aggressive plans for expansion as legalization fast approaches. But is it a strategy that we should expect to pay off for the company’s shareholders? Over the past six months, Aurora Cannabis has spent billions of dollars on investments that it hopes will bear fruit for the company. The investments span a broad range of initiatives, from plans to build two state-of-the-art production facilities, an investment that saw the company take a substantial ownership position in a provincial distributor, and two outright takeovers of…

DelShen Therapeutics moves toward sales licensing of Kirkland Lake-produced cannabis.

The owners of a fledgling marijuana cultivation facility, near Kirkland Lake, report an important milestone has been passed toward approval for a sale license to offer cannabis flower and oils.

48North Cannabis Corporation, the parent company of DelShen Therapeutics, provided an update on a recent Health Canada inspection of its indoor cultivation operation in northeastern Ontario.

The inspection took place May 24 following Health Canada's initial inspection that took place via an online web conference on March 16.

No one would accuse the Pallister government of being soft on drugs. It has repeatedly lobbied its federal counterpart to push back the deadline for the upcoming legalization of marijuana. It has also found reasons to reject recommendations to establish safe-consumption sites in Winnipeg for the city’s growing number of people addicted to harder drugs, including opiates.

But like it or not — and, philosophically, the Pallister government clearly does not — cannabis will soon be legal, likely by the end of this summer or early autumn.