Marijuana Business News

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Mon
07
May

Cannabis Compliance Inc. acquires NHP Consulting Inc.

Cannabis Compliance Inc. ("CCI"), a Toronto-based compliance consulting firm, is pleased to announce the acquisition of NHP Consulting Inc. ("NHP"), a regulatory compliance firm dedicated to servicing the health products, cosmetic, food, and medical device industries. The transaction will result in a merge of the two businesses, incorporating the staff at NHP into the larger CCI family.

Mon
07
May

When are you allowed to drug test an employee?

Cannabis could well become a regular feature in Canadian workplaces in the near future. With this new world of legalization comes anxiety over inebriation and safety risks – with many leaders asking when they can drug test employees.

“I don’t think employers are aware of how likely it is they’ll be affected by the use of medical marijuana in Canadian workplaces,” explained Peter Straszynski, of Torkin Manes LLP.

“In many ways, I think their concerns are primarily, ‘what do we do when cannabis is legalized?’ and ‘how will that impact our workplace?’”

Mon
07
May

Getting cannabis licences a 'gruelling' process for Alberta retailers

Prospective retailers undergo background checks, pay thousands in upfront costs — then wait.

If everything goes according to plan, Daryl Robinson will open his first retail cannabis store in Edmonton this summer.

Herbal Headquarters will sell edibles and oils, and a variety of cannabis products for treating pain. Robinson said his store on 124th Street and 103rd Avenue will be the first of five he expects to open within the next year in Alberta, if the federal government legalizes cannabis by the end of the summer.

First, he has to finish a lengthy cannabis licensing process with the Alberta Gaming, Liquor and Cannabis Commission.

Mon
07
May

Cannabis farming is still farming says B.C.

British Columbians are seeing the beginnings of a debate emerge in our province about the merits of cannabis cultivation on B.C.’s Agricultural Land Reserve, and a call to amend the current laws to bar cannabis producers from using the ALR.

The ALR was created to preserve arable farm land in B.C., and in 2015, the provincial government amended the ALR regulation to allow licensed medical-cannabis cultivation.

This was done after the Agricultural Land Commission concluded in 2014 that the production of licensed medical cannabis is consistent with the definition of “farm use” in the act. That means government thinks that cannabis farming is, in fact, farming and therefore just as suitable to cultivate the ALR as other farming operations.

Mon
07
May

At what price does Canopy Growth stock become a good investment?

The market for marijuana stocks has cooled off considerably since 2018 began, following a feverish rally that closed out 2017. For one, the date that many expect recreational marijuana will be sold through retail outlets has been pushed back by at least a month — if not longer. News like that will tend to dampen the mood somewhat — particularly in light of the euphoria that has surrounded this newly minted industry over the past two years. One thing is clear: the pot industry will be large and formidable. Estimates vary, but most agree that once the federal government has…

Mon
07
May

Site chosen in St. John's for cannabis production facility

The company chosen to supply legal cannabis to Newfoundland and Labrador has chosen a site for its local production facility, with an announcement planned for today.

An information note for the St. John's city council's planning and development committee shows the site is 390 Eastland Drive in the White Hills area of the city.

A news conference is scheduled at that address for today with representatives of Canopy Growth and Christopher Mitchelmore, minister of Tourism, Culture and Innovation.

According to the city, the property is owned by Baine Johnson Properties and is zoned for light industrial use.

At a meeting in early April, the city agreed to remove open space restrictions at the north end of the property.

Mon
07
May

Marijuana stock Cronos Group is a buy, Beacon Securities says

Q1/2018 could be the breakout quarter for cannabis licensed producer Cronos Group (TSXV:CRON, NASDAQ:CRON), says analyst Vaha Ajamian of Beacon Securities, who says that the cannabis space is going to take off during the months leading up to rec legalization, with Cronos leading the way.

In a note to clients on Friday, the analyst maintained his “Buy” rating but doubled his target price from $5.25 to $10.50 for CRON.

Mon
07
May

Cannabis a business opportunity for Yellowknifers, consultation meeting hears

MLA Shane Thompson says communities want more distribution options.

MLAs made their final stop in a string of public consultations on draft cannabis legislation Thursday in Yellowknife, and some residents echoed concerns that have been brought up on previous stops over the last two weeks.

"This is a chance for business development," said Caroline Wawzonek, a lawyer and director with the N.W.T. Chamber of Commerce. She said the chamber doesn't want distribution to be limited to liquor stores.

Mon
07
May

Winnipeg plans to take hands-off approach to cannabis retail

Chief planner recommends province choose where pot shops can go, but city says windows must be opaque.

The City of Winnipeg has decided not to create any new rules to govern where cannabis can be sold — but clear glass windows won't be allowed at weed stores.

A city working group on cannabis legalization has concluded provincial officials should approve where cannabis retailers can set up within Winnipeg when recreational cannabis use becomes legal, as it is expected to later this year.

In a report to council's property committee, City of Winnipeg chief planner Braden Smith said no new land-use rules are needed to govern where cannabis retailers can and cannot operate within the city.

Mon
07
May

First harvest expected in June at High Park Farms

Jack Greydanus expected to go on growing peppers at his greenhouse in Enniskillen Township, just like he had for more than a decade, and then a cannabis company came calling.

Today, he’s the “landlord” of Lambton County’s first cannabis greenhouse where High Park Farms, an affiliate of B.C.-based Tilray, said this week thousands of cannabis plants had arrived after a 36-hour trip from Vancouver Island.

The first harvest is expected in June, in anticipation of the legalization of recreational use of marijuana in Canada later this year, the company said.

Tilray, which also has a medical cannabis growing facility in British Columbia, has said it began looking in 2016 for a second site elsewhere in Canada, including locations around southern Ontario.

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