Marijuana Business News

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Mon
28
May

Vert is growing again: Health Canada grants licence to Vert Mirabel

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) ("Canopy Growth" or the "Company") together with Les Serres Stéphane Bertrand Inc. ("Bertrand") are pleased to announce that their joint business Les Serres Vert Cannabis Inc. ("Vert Mirabel"), received a cultivation licence from Health Canada on Friday, May 25, 2018. This establishes the tenth licenced production facility under the Canopy in Canada, moving the Company officially into double digits. The Company also possesses a sales-only licence located in Toronto.

Mon
28
May

Cannabis: the new tobacco?

Marijuana dispensaries are sprouting in large numbers on Mohawk territory, while community rules are up in the air.

It’s a 24-hour, seven-day a week business at the Pot Shoppe on Tyendinaga Mohawk territory, east of Belleville, Ont.

The small, cabin-like store was busy during the Victoria Day long weekend.

At one point on Sunday, a male customer walked in to buy a gram of whatever he could get for $10 and asked about job opportunities.

Robert Fisher, who goes by his Mohawk name Tehonikonrathe, was minding the counter and told the man apologetically that he’s not the guy to talk to about jobs and then measured out the gram.

The customer then noticed a tomato plant near the counter next to some cannabis clones.

Mon
28
May

Jamaica poised to become major location for investment in medical cannabis

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw is confident that the way is now paved for Jamaica to play a leading role in the rapidly growing medical cannabis industry.

According to Shaw, Jamaica is uniquely positioned to bring health and wellness to the world by developing one of its greatest assets, the herbal industry.

Shaw last week met with representatives of the Canadian Government and the Province of Ontario, as well as numerous companies and investors who shared their commitment to investing in the Jamaican cannabis industry.

Mon
28
May

North Sydney ferry company planning for pot

Marine Atlantic expected to release new policy in the ‘coming weeks’.

Marine Atlantic, like many large corporations, is preparing for and struggling to get policies in place prior to the legalization of cannabis expected this summer.

The ferry service operates four vessels on two routes between North Sydney and Newfoundland. Last year, it carried 328,000 passengers and 95,000 commercial vehicles.

There are “concerns for both crew and passengers,” said Marine Atlantic’s David Frew, who is the vice-president of corporate strategy and human resources.

Mon
28
May

Tweed gives new life to Smiths Falls

Canada’s biggest marijuana company continues bringing life to Smiths Falls with its Tweed facility.

Tweed, owned by Canopy Growth Co., moved into the old Hershey Plant on 1 Hershey Drive.

The warehouse had previously been empty since Hershey moved out years ago. Hundreds of jobs were the eliminated when the chocolate giant left.

When Tweed took over, the company started with a few employees.

Today they have 500 at this site alone.

Jordan Sinclair, the company’s communications manager, says they expect to have 1000 employees in Smiths Falls by next year.

“We’ve got operations all over Canada and all over the world but this is the principal hub of operations,” Sinclair said.

Mon
28
May

League launches online toolkit ahead of cannabis legalization

As the legalization of cannabis in Canada approaches, League Inc. has introduced a toolkit to help employers solidify their human resources policies.

The free resource, which is available on the company’s website, includes three components along with a webinar.

“Basically it includes a policy template,” says Lori Casselman, health advisor at League. “The template really provides the foundation and resources employers can use to build out their policy.”

Mon
28
May

Set up to fail? Locally owned pot shops fear legalization will price them out

Leighton Smith is worried.

It might seem like a strange feeling for the operator of a pot shop to have with the clock ticking down to cannabis legalization in Canada, but the operator of Phyven Medicinal Cannabis Dispensary said he fears the City of Kamloops is setting local marijuana stores up for failure — potentially paving the way for larger out-of-town chain retailers to move into the market.

“It’s a guessing game,” Smith told KTW.

Mon
28
May

Chelsea Handler joins World Cannabis Congress as speaker

Chelsea Handler will join cannabis industry leaders in business, research, politics and culture from around the world for the 2018 World Cannabis Congress in Saint John, New Brunswick next month.

Handler is an American comedian, actress, writer, television host and producer. She hosted the late-night talk show Chelsea Lately on the E! network, released a Netflix documentary series, Chelsea Does, and hosted the talk show, Chelsea, on Netflix. In 2018, Handler announced plans to launch a cannabis brand.

Mon
28
May

Canntab Therapeutics files 2 new Canadian patent applications related to pharmaceutical cannabis

Canntab Therapeutics Limited (CSE: PILL) (formerly Telferscot Resources Inc.) ("Canntab" or the "Company") is pleased to announce that it continues to expand its extensive intellectual property portfolio through the recent filing of 2 additional Canadian patent applications. Canntab's portfolio now includes 13 patent applications in Canada, the United States and internationally. These filings build on Canntab's growing intellectual property portfolio, which already included patent applications and trademark applications in the United States and Canada.

Fri
25
May

Aurora Cannabis invests $1M in Canadian drug delivery company

Canadian cannabis producer Aurora Cannabis has invested $1 million in CCT Pharmaceutical Holdings, Inc, the developers of an oral dose-specific dissolving thin film wafer drug delivery technology. The investment, with a 5 percent convertible debenture, gives Aurora a 9.14 percent interest in CTT and the agreement includes issuance of warrants enabling Aurora to increase that ownership to 42.5 percent.

Aurora CEO Terry Booth said the investment reflects the company’s commitment“to science-based diversification into higher-margin drug delivery technologies for both the medical and adult consumer use markets.”

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