Marijuana Politics

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Mon
25
Nov

Can Canada’s Cannabis Companies Weather The Winter Storm?

As Canadian’s wrap-up warm for winter they’ll be sharing one thing in common with their newest domestic industry – a hope the icy chill will be over soon.

With average Canadian cannabis company share prices down by over 50%, this year, analysts are contemplating a significant sector shake-down. And, this month’s results from Canada’s Licensed Producers, have once more underwhelmed – with under-fire executives highlighting a string of on-going issues.

Somewhere, or another, stressed company bosses will have flagged-up at least one of the following;

Mon
25
Nov

Pot execs shouldn't blame Ontario government for weak sales: Finance minister

Ontario’s finance minister is dismissing criticism from cannabis industry executives who attribute their weak sales to the province’s limited number of retail stores.

“The [criticisms are] not fair; but it doesn’t surprise me. Sometimes businesspeople look for all kinds of reasons why things don’t work out,” Rod Phillips told BNN Bloomberg’s Paige Ellis Thursday.

"We’re focused on what is going to be a system that is sustainable, that makes sense for our communities and tackles the black market. We’re confident that we’ll put that forward.”

Phillips said he’s comfortable with the progress the province had made on its rollout of cannabis, given the sensitive nature of it.

Fri
22
Nov

Michigan rolls out recreational cannabis licences, killing Windsor’s chance at becoming a pot tourist destination

Michigan’s move to issue its first licences to businesses planning to grow and sell recreational cannabis could be the death knell for a small, southern Ontario town’s chance at becoming a pot tourist destination.

Windsor, Ont., is a border town connected to Michigan., the state south of the border that will let the sale of recreational marijuana proceed on Dec. 1.

Windsor Ward 3 Coun. Rino Bortolin told the Windsor Star that Ontario’s slow and “ridiculous” plan to establish brick-and-mortar cannabis shops around the province is to blame.

Fri
22
Nov

Cannabis stocks soar as Bill to legalize marijuana approved

Cannabis investors received some exciting news this week.

The U.S. House Judiciary Committee -- which is charged with overseeing the administration of justice within federal courts and law enforcement agencies -- approved a bill on Wednesday that decriminalizes marijuana at the federal level. If approved by the House of Representatives and Senate, the bill could pave the way for full-scale legalization of marijuana in the United States. 

The United States may have taken a major step toward the legalization of marijuana this week. Image source: Getty Images.

Fri
22
Nov

Authorities use controversial law to target Saint John landlords renting to illicit dispensaries

Police in Saint John, New Brunswick are trying a new tactic to eradicate illicit cannabis dispensaries: target their landlords.

Multiple landlords are reported to have received letters informing them that their properties are being used as an “instrument of unlawful activity” and giving them a specific time frame to comply with provincial law or face property seizure under the Civil Forfeiture Act.

Fri
22
Nov

Ontario mulls overhauling pot shop system in 2020 as sales lag

Relief may finally be coming for cannabis producers that have been stymied by the lack of legal retail stores in the country’s most populous province. 

The Ontario government is considering a plan that would abandon the maligned lottery process that has left it with only two-dozen legal pot shops, and instead pivot as early as January to a system that could lay the groundwork for up to a thousand stores in the province, according to a person directly familiar with the matter.

Fri
22
Nov

Cannabis edibles available in Quebec only as of Jan. 1

Edible cannabis products will be legal in Quebec as of Dec. 5, but people will have to wait until Jan. 1 to get access to them.

Quebec announced its regulations surrounding edibles and extracts on Wednesday. While there’s no legal impediment to the Société québécoise du cannabis (SQDC) selling those products starting Dec. 5, the provincial cannabis retailer wants to take its time and make sure everything is done properly.

Fri
22
Nov

Cannabis market brings promo challenges

It’s been just over a year since Canada legalized recreational marijuana as the U.S. government continues to deliberate over federal legalization. The market in both countries continues to present challenges and opportunities for government representatives, legal producers, consumers and the promo industry.

Thu
21
Nov

Cannabis market brings promo challenges

It’s been just over a year since Canada legalized recreational marijuana as the U.S. government continues to deliberate over federal legalization. The market in both countries continues to present challenges and opportunities for government representatives, legal producers, consumers and the promo industry.

Thu
21
Nov

Why Health Canada inspectors may have missed unlicensed cannabis growing — twice

A surge in the number of cannabis producers coupled with a large number of site-amendment requests in preparation for Cannabis 2.0 have left Health Canada “overwhelmed” over the past year, and increasingly dependent upon information supplied “in good faith” by producers, according to former Health Canada inspectors and industry participants.

The department has been overwhelmed for quite some time, but it is not necessarily their fault

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