Ontario

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Wed
20
Nov

Cannabis is an ineffective replacement for opioid use disorder treatments: McMaster study

There has been a significant buzz with regards to cannabis being employed as an opiate reduction or replacement strategy for individuals with opioid use disorder.

But a new study published in the Canadian Medical Association Journal has indicated what many opioid users have already expressed — that it’s not effective.

A research team at McMaster University in Hamilton, Ontario, studied the effects of cannabis consumption on illicit opioid use during methadone maintenance therapy, which, like buprenorphine, is a commonly used treatment for opioid use disorder.

Wed
20
Nov

Securities regulators toughen governance disclosures in cannabis industry

 

Securities regulators in several provinces published guidance this month pushing stronger governance-related disclosures on the cannabis industry.

The guidance — from regulators in Ontario, British Columbia, Quebec, New Brunswick, Saskatchewan, Manitoba, and Nova Scotia — is aimed at governance-related disclosures, particularly in the context of mergers, acquisitions and other significant corporate transactions.

Wed
20
Nov

Council takes back authority to oppose/endorse cannabis stores

Responding to a flood of critical emails after administration opposed the proposed downtown location of Windor’s first cannabis store, councillors have voted to decide future applications themselves.

The vote was unanimous to reverse a Jan. 21 decision where council approved “opting in” to hosting retail cannabis stores but also delegating authority for city planner Thom Hunt to gather input from various departments and come up with a position on individual applications. That was done because there’s only a 15-day window for comments to be made to the Alcohol and Gaming Commission of Ontario on an application and it was feared council couldn’t render an opinion on time.

Tue
19
Nov

Odours from beef, lavender farms fail to raise the same stink among neighbours as planned cannabis operation in Ridgeway, Ont.

A 30-acre lot in Ridgeway, Ont. is set to become a brand-new cannabis farm, but not if locals can help it.

The property was sold earlier this year for about $600,000 after a few months on the market, with the intention of turning it into a production and cultivation facility for Greenherb Farms.

But as the land is prepared for farming — tall fencing installed and trees and brush cleared — outraged neighbours have formed a group. The group is circulating a petition to prevent the farm from taking root, citing concerns about odour, environmental destruction, traffic and historical value.

Thu
14
Nov

‘Hard to fathom’: Disastrous cannabis rollout cost Ontario $325 million compared to Alberta: analyst

Mistakes were made.

Canadian provinces went their own way when establishing a legal framework for cannabis and some have found considerably more success than others.

The Cannalysts, an independent analysis firm, released data this week showing that if Ontario had followed Alberta’s model, the province would have stimulated an extra $325 million in economic activity. On a yearly basis, the analysis notes, the province is missing out on around $488 million more, in addition to $75 million in taxes.

Thu
14
Nov

Canopy reports steep second-quarter loss amid $48M in charges

It turns out fewer people enjoyed consuming cannabis through a softgel pill or oil than Canopy Growth Corp. had first hoped.

That lack of consumer interest in those cannabis products led Canopy Growth, the world's largest cannabis company, to report $47.9 million in charges, including a $15.9 million inventory write-down, while booking a steeper-than-expected loss in its fiscal second-quarter.

The Smiths Falls, Ont.-based pot producer reported a $374.6 million net loss in the quarter, mainly attributed to a restructuring of its portfolio of cannabis softgels and oils after recording “returns, return provisions, and pricing allowances” during the period.

Thu
14
Nov

Policing cannabis an issue in West Lincoln

Penalizing improper usage of a personal cannabis licence may prove too challenging in West Lincoln.

“Law enforcement is on the outside looking in,” Niagara Regional Police Service 8 District Staff Sergeant Rom DiEgidio told council members when he and Chief of Police Bryan MacCulloch recently presented at committee.

It is extremely difficult to investigate cannabis licence infractions and lead to a charge or conviction, he said.

Drug-related calls are on the rise in West Lincoln from residents who are smelling and seeing things they don’t like, he said, which was totally expected with cannabis legalization.

Wed
13
Nov

Cronos Group misses revenue estimates in third quarter

Cannabis company Cronos Group Inc. reported a profit in its third quarter, boosted by an $835-million gain in derivative liabilities, as revenue grew to $12.7 million.

The company says its net profit amounted to $788 million or 53 cents per diluted share for the quarter ended Sept. 30. That compared with a loss of $7.3 million or four cents per share in the same quarter last year.

Cronos says its adjusted earnings before interest, taxes, depreciation and amoritization amounted to a loss of $23.9 million in its most recent quarter compared with a loss of $3.2 million a year ago.

Revenue was up from $3.8 million in the same quarter last year and up from $10.2 million in the second quarter of 2019.

Wed
13
Nov

Will more legal pot stores snuff out the black market? Probably not, heavy users say

It's a basic tenet of retailing: if you want to reach more customers, you need more locations. And according to the Ontario Chamber of Commerce, that principle applies to pot just as much any other product. 

The chamber says people in this province are open to allowing a bigger role for private industry in providing convenient access to cannabis, if it helps get rid of the black market — pointing to a Nanos survey conducted online at the end of October.

The poll, released Thursday, suggests 51 per cent of Ontarians would favour allowing private-sector companies to purchase, distribute and sell cannabis, with the province's oversight. But not everyone's convinced it will get rid of the illegal market, especially heavy smokers like Abi Roach. 

Wed
13
Nov

Are lower pot prices finally coming to Ontario?

In October, Quebec-based pot producer Hexo Corp. announced the unveiling of a new cannabis line comprising a hybrid blend of sativa called “Original Stash.”

Most newsworthy about the new line of pot: it marked a significant price reduction for the cannabis seller, with 28-gram packages priced at just $4.49 a gram — less than half the average retail price, and lower even than the average cost of cannabis on the black market.

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