Most marijuana stocks are down to start 2018 — ironically, the year expected to make recreational pot legal across Canada. Contrary to the “euphoria” that had taken over cannabis investors towards the end of 2017, it seems that there have been a couple of hiccups along the way and still a few wrinkles that need to be ironed out. Legalization date has been pushed back Throughout the current journey towards the legalization of marijuana for recreational purposes in Canada, Prime Minister Justin Trudeau has been guiding the public towards an effective date of July 1, which also happens to…

Most marijuana stocks are down to start 2018 — ironically, the year expected to make recreational pot legal across Canada.

INDIVA Acquires Approximately 5% of Bhang Corporation.

INDIVA Limited (the "Company" or "INDIVA") (TSX-V:NDVA) is pleased to announce a 50/50 joint venture with, and a USD $1 million investment into, Bhang Corporation ("Bhang"), an award-winning licensor of cannabis and CBD edibles and concentrates. The joint venture (the "JV"), which is managed by INDIVA, has exclusive rights to manufacture and sell Bhang products in Canada and the right to export those products internationally.

Delta 9 Cannabis Inc. (TSXV:NINE) ("Delta 9" or the "Company") is pleased to announce that it has entered into a limited partnership agreement with Westleaf Cannabis Inc. ("Westleaf") and Delta West Inc. for the joint development of a large-scale cannabis production facility located in Southern Alberta (the "Project"). The entering into of a non-binding letter of intent in connection with the Project was previously announced by the Company on January 24, 2018. Delta West Inc. acts as general partner of the limited partnership formed by Delta 9 and Westleaf.

Cost estimates were based on data from the Federation of Canadian Municipalities.

Ontario consumers may be paying $10 a gram for marijuana when it becomes legal later this year, but Waterloo Regional Police say new legislation will cost them much more. 

Based on Federation of Canadian Municipality estimates, the service expects to pay anywhere between $2.63 million and $3.79 million when marijuana becomes legal.

"We were looking at resource hours to train all the new officers in the legislation, resource hours to train in the new roadside device when it's approved, the impact on investigations related to  illegal dispensaries," Larkin told CBC News.

An Ottawa-based cannabis company has decided to take over a major California producer.

CannaRoyalty announced that it's buying FloraCal Farms in a cash and share swap.

FloraCal has a 15,000-square-foot facility in Sonoma County that produces plants in small batches. It claims that it generates an average selling price of more than US$17 per gram.

According to a joint news release, FloraCal is a sustainable producer relying 100 percent on renewable energy to produce seven cannabis flowers, rosin, and packaged pre-rolls.

The company has declared that it can achieve 28 percent to 32 percent THC content in its plants.

It generated US$6.4 million in revenue in the last fiscal year.

Aphria revenues double, year-over-year, thanks to Broken Coast acquisition and new patients.

Aphria Inc.’s third-quarter income nearly tripled year-over-year, in a busy three months that saw the cannabis company begin to sell its U.S. assets and acquire smaller licensed producer Broken Coast Cannabis Inc.

On Monday, the Leamington, Ont.-based medical marijuana grower announced third quarter net income of $12.95 million or 8 cents a share, compared with $4.95 million or 4 cents a share the year before. The increase was due, in large part, to a $26.3 million gain realized on the sale of Liberty Health Science Inc. shares.

Canopy Growth Corporation’s President, Mark Zekulin along with President of Niagara College Canada, Dan Patterson, announced Tuesday their new partnership to provide experiential learning opportunities to students and graduates interested in pursuing careers in Canada’s flourishing legal cannabis industry.

The announcement took place at Canopy Growth’s Tweed Farms facility, located in the heart of South Western Ontario’s Wine Country, Niagara-on-the-Lake (NOTL), a less than ten minute drive from the college campus.

Saskatchewan urban and rural municipalities will follow federal framework for how to manage marijuana legalization in the coming months.

The Federation of Canadian Municipalities released a guide to legalization on Monday, aimed at helping local governments identify challenges and regulatory options when marijuana is legalized later this year. The Saskatchewan Urban Municipalities Association and the Saskatchewan Association of Rural Municipalities say they will follow the FCM’s guide in bringing marijuana legalization to the province.

"With the legalization of cannabis imminent, rural municipalities have many unanswered questions," said SARM President Ray Orb in a news release. "The guide should assist municipalities in filling this information gap."

As a bill that would legalize recreational marijuana works its way through the Canadian Parliament, the government is gearing up to track cannabis consumption more closely than it has before.

Statistics Canada has begun to do city-scale drug screening by monitoring what Canadians flush down the toilet.

Six cities have agreed to contribute samples from the place where all drains congregate — their wastewater treatment plants. Toronto, Montreal, Edmonton, Alberta; Vancouver and Surrey in British Columbia; and Halifax, Nova Scotia, will participate. All told, the network would capture data on drug use from about a quarter of Canada's total 36 million inhabitants.

Later this week a familiar story will play out when a private medical marijuana company, Canntab Therapeutics Limited, merges with a shell, Telferscot Resources Inc., and starts trading on the Canadian Securities Exchange, thereby providing investors with yet another way to play the marijuana industry.

But this transaction is different in a couple of ways: first it will bring to an end the seven-year hunt by Telferscot — which went public in 2011 as a mineral exploration company — to find either a permanent partner or a permanent business.