Cannabis Seizures Have Increased 75% at Canadian Border
Mon / Jan 13th
Cannabis seizures by the U.S. Border Patrol have increased by 75% since Canada’s adult-use legalization of cannabis took effect in 2018.
Canada cannabis was first legalized for medical use in 2001, and it was the first developed country to federally legalize adult-use cannabis in 2016. Below, you’ll find the latest breaking news and business developments from the Canadian cannabis industry:
Mon / Jan 13th
Cannabis seizures by the U.S. Border Patrol have increased by 75% since Canada’s adult-use legalization of cannabis took effect in 2018.
Tue / Jan 7th
Aurora Cannabis has listed its Exeter, Ontario-based greenhouse for sale at an asking price of C$17 million, a potential sign of financial stress for the Canadian firm.
Thu / Dec 19th
Canada’s Tilray was targeted by a $300 million lawsuit from Florida soap company Trimax, who accused the cannabis company of trying to bankrupt one of their subsidiaries in hopes of getting a cheaper acquisition.
Mon / Dec 16th
Cannabis-infused edible products go on sale tomorrow throughout Canada, except for in three provinces — Ontario, Quebec, and Alberta — where the edibles rollout has been delayed.
Fri / Dec 13th
Ontario will do away with the current cap on cannabis retail stores in January and is expected to open an application period for new private cannabis retailers starting January 6, 2020.
Thu / Dec 12th
In an effort to highlight and help end the cannabis plant’s global stigma, Canada’s 2019 Miss Universe contestant represented the country’s legalization of cannabis during the competition’s “National Costume” segment.
Wed / Dec 11th
A recent study from the Centre for Addiction and Mental Health in Toronto has debunked a myth that cannabis can influence drivers up to 24 and even 48 hours after consumption.
Tue / Dec 10th
A recent investigation found that just five percent of cannabis products currently available in Canada contained pesticides.
Tue / Dec 10th
Canopy Growth has named the CFO of Constellation Brands — the major alcohol distributor who owns about 38 percent of Canopy — as its new CEO.
Tue / Dec 10th
Police in Saskatoon, Saskatchewan say they have encountered fewer issues than they had expected during Canada’s first year of legalized cannabis.
Mon / Dec 9th
Canadian cannabis producer Atlas Biotechnologies has awarded a $300,000 grant to University of Alberta researchers for the investigation of cannabis as a potential therapy for multiple sclerosis (MS), Alzheimer’s disease, and Huntington’s disease.
Fri / Nov 22nd
Quebec officials announced the province will delay its cannabis edibles roll-out until January 1 as officials finalize rules and suppliers make the proper adjustments.
Thu / Nov 21st
Ontario officials will move forward with a plan to let private businesses store and distribute cannabis products — a right currently reserved only for province-run stores.
Wed / Nov 13th
Cannabis flower prices in Canada have plummeted about 30-40% over the last year of legal sales, according to financial reports from multiple licensed producers.
Wed / Oct 30th
Officials in Quebec, Canada have raised the age for legal cannabis purchases from 18 to 21. 18-year-olds, meanwhile, can still purchase and consume alcohol in Quebec.
Tue / Oct 29th
Canada’s Freedom Cannabis is moving to emphasize environmental responsibility with the launch of its latest product line, which uses a recyclable steel container that bucks the national trend of plastic containers.
Fri / Oct 25th
Heco Corp., a licensed cannabis producer in Canada, just laid off about 200 workers — including some executive positions — in order to adjust “to a changing market and regulatory environment.”
Thu / Oct 17th
The Arthritis Society of Canada has called for medical cannabis products to be available on pharmacy shelves; the group also called for ending the $1 per gram federal excise tax on cannabis.
Thu / Oct 17th
A new RE/MAX housing report found that Canada’s legal cannabis industry has driven up housing prices in regions with successful cannabis operators, despite warnings from anti-legalization advocates that the opposite would happen.
Wed / Oct 16th
The United Kingdom has given a license to Canada’s Canopy Growth that allows the company to import bulk medical cannabis products into the UK.
Tue / Oct 15th
Troubled Canadian cannabis operator CannTrust is set to destroy $65 million in inventory and $12 million worth of biological assets as part of its remediation plan to get its license back.
Fri / Oct 11th
Quebec’s government announced it will appeal a recent court decision that ruled the province’s ban on home cannabis cultivation is unconstitutional.
Tue / Oct 8th
A class-action lawsuit against Sundial Growers Inc. in Canada claims the company’s U.S. stock prices were affected by an unreported incident where $1.9 million worth of cannabis was returned to the company due to poor quality.
Mon / Oct 7th
Cannabis mergers and acquisitions have made for some big stories this year — here’s an in-depth look at the strategies behind these moves, and an explanation of how you might use M&A to grow your own cannabis enterprise.
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