Canada

Harborside Inc. officially started trading on the Canadian Securities Exchange on Monday, marking the company’s successful transition into a public equity firm.

A recent report suggests that the addition of infused cannabis products to Canada’s legal marketplace could be worth about $2.7 billion per year, with edibles alone expected to generate $1.6 billion in sales.

Sir Sam’s Inn and Spa in Ontario is the province’s first resort to receive a “cannabis-friendly” designation by Cannabis Hotels. A business representative said the inn doesn’t want to become known specifically as a cannabis destination but just wants to acknowledge the legality of cannabis.

At 100 acres, 48North’s new 250,000-plant outdoor cannabis cultivation facility in Brant County, Ontario is set to be the country’s largest cannabis cultivation site.

The earmarked funds will cover research into cannabis as a migraine treatment, harm reduction for youth, education, and an investigation into the rare condition cannabinoid hyperemesis syndrome, which can lead to severe nausea and vomiting after cannabis use.

Massachusetts regulators have approved the first sale of a licensed cannabis operator in the state. Under the deal, Sira Naturals will be purchased by Canadian firm Cannabis Strategies Acquisition Corp.

Lawmakers in Quebec may backpedal on some of their proposed cannabis use restrictions, specifically language that prohibits the public use of cannabis. Officials have determined the rules would be unenforceable.

A recent survey reveals that interest among Canadians in cannabis-infused edibles — which are not yet available via the official marketplace — has dropped since legalization took effect last October.

Canadian health officials have decided that hopeful cannabis operators must now have a fully built cultivation site before they can apply for a license.

The world’s first cannabis industry “artist-in-residence” recently joined us on the Ganjapreneur podcast.

The majority of charges filed under the new law have pertained to the presence and placement of cannabis within the vehicle, not impairment.

The survey also found that 84% of Americans favored cannabis legalization of some form.

The Cannabis Beverage Producers Alliance in Canada is pushing for changes to the country’s proposed cannabis edibles rules that would allow producers to manufacture infused beverages inside of facilities that also produce alcoholic beverages.

Canadian LP Canopy Growth has agreed to purchase the multi-state cannabis operator Acreage Holdings for a whopping $3.4 billion — but not until cannabis is federally legalized in the U.S.

A strong majority of British Columbia residents say they are so far satisfied with the federal legalization of cannabis.

The former Vermont governor was against all forms of legalization during his time as governor from 1991-2003 but says he has since changed his position.

Cannabis prices in Canada’s regulated and unregulated markets alike have risen on average by 17 percent since legalization took place last year.

At least two Canadian financial institutions are turning away U.S.-based cannabis companies due to the plant’s ongoing federal prohibition there.

The deal, which is expected to be finalized in June, would give Origin House shareholders 0.8428 of Cresco stock for each share held.

The agreement will establish a new company, Houseplant, which plans to offer three strains – Houseplant Sativa, Houseplant Hybrid, and Houseplant Indica – over the coming months.

The investment will span five years and will cover applications for basic science, clinical, health services, and policy cannabis research.

The proposal could result in reduced tax rates for low-THC and/or hemp-derived products.

In the first public cannabis listing of 2019, Vireo has listed on the Canadian Securities Exchange in Toronto under the ticker symbol “VREO.”

Lobo Genetics has set up DNA testing stations in several Alberta dispensaries that claim to predict certain risk factors for cannabis use.