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Fri
28
Feb

Tilray taken to court after it ends $110M deal for Alberta pot retailer

A legal fight has emerged after Tilray Inc.’s deal to buy 420 Investments Ltd. for $110 million was terminated last week, with the Alberta-based retailer suing the Canadian cannabis producer for breach of contract and accusing it of dragging its feet on the deal following a “change of heart”, according to documents obtained by BNN Bloomberg.

Tilray announced its plan to buy the retailer, which currently operates 11 Four20 Premium Market cannabis stores in Alberta and is also known broadly as Four20, in late August for $110 million in a cash and stock deal. The deal – which occurred after five months of negotiations between the two companies – included $40 million in Tilray promissory notes based on future store openings, according to the statement of claim.

Tue
25
Feb

Israel to expunge 40,000 cannabis convictions, implement Canadian-style legalization

Israel wants to be a little more like Canada.

Prime Minister Binyamin Netanyahu tweeted on Sunday that he will be expunging the criminal records of vast amounts of Israelis who had been caught with cannabis and modelling its budding industry after Canada’s, according to The Jerusalem Post.

“I examined the matter and decided to advance the erasure of criminal records of tens of thousands of Israelis for personal use and possession (of cannabis), something that causes unnecessary suffering to many and is a burden on the courts,” he wrote on the social media site.

Tue
25
Feb

'The government doesn't know how to sell drugs': Does Nova Scotia really need more cannabis stores?

For Michelle, driving to the closest provincially regulated cannabis store isn’t worth the gas money. Her closest option is nearly 70 kilometres from her home in Lawrencetown, N.S., a village of 668 people. 

“We started growing just because of where we’re situated,” said Michelle, who asked to keep her last name private. “It’s not convenient to go to the NSLC, and I found the quality just wasn’t there for what you’re paying.” Before that, she bought from a “backyard dealer” who also grew his own. 

Mon
24
Feb

Canadian pot industry still years away from Colorado’s success: expert

he Canadian pot industry still has many hurdles to jump before it reaches the success of Colorado’s lucrative legal weed market, according to one expert.

If Ontario opened up hundreds of new pot stores, producers focused on price and quality, and governments dropped taxes and eventually relaxed rules, Canada would have cannabis sales closer to Colorado’s thriving market. That’s according to Michael Armstrong, an associate professor at the Goodman School of Business at Brock University, who has been following the Canadian industry closely since 2018.

Mon
24
Feb

Cannabis store robberies in Alberta prompt retailers to remove legislated window coverings

A series of cannabis store robberies in Alberta has led some retailers to tear down window coverings initially erected to satisfy federal legislation.

Those visual obstructions were meant to adhere to the Cannabis Act to keep cannabis products and accessories out of the view of minors.

But retailer Nathan Mison said those window coverings compromise the safety of staff by making it easier for robbers to commit their crimes.

“We’ve made ourselves a target by making it so someone can come in, lock the door and take all the time they want robbing a store because no one can see in,” said Mison, spokesman for the Edmonton-based Fire and Flower Cannabis chain.

“Nobody should be in jeopardy at their work.”

Fri
21
Feb

Future of cannabis lounges hinge on provincial, federal legislation: report

The city’s community and public services committee is slated to review a report on the future of cannabis lounges next week.

But before the businesses can hit Edmonton’s streets, Alberta and Ottawa have to roll out separate legislations.

The report headed to Tuesday’s meeting states no provinces have licensed cannabis lounges or cafes, however, some American states do. In California, for example, businesses have to be 600 feet from a daycare, school or youth centre, must have an odour absorbing ventilation system and have security guards patrolling during business hours.

Fri
21
Feb

Future of industrial hemp clouded by economic uncertainties

In the U.S., specialty crops tend to remain specialty crops, meaning comparatively small acreage and production, said USDA economists in assessing the prospects for industrial hemp. Challenges including competition for acreage, the threat of imports, and the necessity of building marketing networks “will determine patterns of development in the emerging U.S. hemp industry,” they said in a report on Wednesday.

Thu
20
Feb

Two B.C. dispensaries become first private pot shops in Canada to unionize

Budtenders at a British Columbia cannabis retailer are reported to be the first private-sector pot shop employees to unionize in the country.

Staff at two Clarity Cannabis dispensaries in the Greater Victoria area have joined the United Food and Commercial Workers (UFCW), Local 1518, the union announced Tuesday in a press release. Clarity Cannabis operates seven stores in B.C. with approximately 40 employees.

Wed
19
Feb

Impaired driving incidents in N.S. on the rise since cannabis legalization: RCMP

Nova Scotia RCMP report there has been an increase in intoxicated driving events since federal cannabis legalization came into force in October 2018.

There are currently approximately five to 10 drug-driving arrests monthly across the Atlantic province, noted RCMP provincial drug recognition expert, Constable Chad Morrison. The numbers constitute “maybe a 30 to 40 per cent increase in terms of the numbers of arrests and the number of drug evaluations that we’ve been conducting,” Morrison told CBC News.

Wed
19
Feb

NSLC plans to more than double the number of cannabis stores in Nova Scotia

Shopping for legal weed in Nova Scotia is about to get a little more convenient for cannabis-loving Maritimers.

The Nova Scotia Liquor Corp., the province’s sole licensed cannabis retailer, has announced that more locations will start selling cannabis, which will more than double the number of legal retailers available to Nova Scotians, CBC reports.

The new moves are the province’s latest effort to “address geographical gaps” and better compete with illicit sellers, who currently dominate Nova Scotia cannabis sales.

Finance and Treasury Board Minister Karen Casey announced the decision on Friday.

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