Medical Cannabis News

Synonyms: 
mmj
Tue
20
Nov

A month into legalization, Alberta is blowing away B.C.'s claim as Canada's pot capital

B.C.'s reputation as Canada's pot capital is stuck in red tape, while Albertans next door roll freely from store to store.

One month into legalization, Alberta has issued nearly 70 private retail licences, while British Columbia has issued one to a public retailer and another to a private store.

Bob Kay stopped selling marijuana from his Be Kind dispensary in Kelowna after legalization on Oct. 17, as he awaited his licence to operate as a store. Kay hopes to open four stores in the Okanagan — but at the moment he's still waiting, unsure about the status of his application. "I'm extremely frustrated," said Kay, who is still selling accessories at Be Kind.

Tue
20
Nov

WeedMD acquires cannabis sales license from Health Canada

Last week, WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) announced the acquisition of a license from Health Canada to sell cannabis grown at its facility in Strathroy, Ontario. Under the terms of the license, the company can now transport cannabis from Strathroy to Aylmer, Ontario where they have indoor packaging and distribution space.

With 44,000-square-feet of space already approved, and another 60,000-square-feet awaiting the okay from Health Canada, WeedMD appears well on track to reach their production goals for the new year.

Tue
20
Nov

Canada's hasty roll out of legal pot — Gift to the black market?

Canada's roll out of its legal marijuana market has been a political victory for the Liberal government but with shortages of cannabis for sale at retailers — almost from day one — it has been a gift to illegal sellers.

One of the aims of the legalization of recreational marijuana was to eliminate the black market in Canada. The Liberal government wanted to remove the "criminal organizations, street gangs, and gun-runners" associated with the drug, said Prime Minister Justin Trudeau during the 2015 election campaign.

Tue
20
Nov

Why Canadian cannabis growers will dominate production

Canada may have already legalized cannabis but the truth is that the cannabis market is only just beginning. Canadian legalization opened up a market estimated to be worth $5.7 billion CAD, which is expected to explode to $9.5 Billion by 2025. This figure is just a tiny piece of a global market predicted to be worth  $146.4 Billion USD by 2025.

Mon
19
Nov

Buying cannabis with a credit card? Why you should think about privacy

Canada's privacy commissioner is planning to issue guidance for buyers and sellers of legal cannabis amid ongoing concern about potential fallout, such as being barred from the United States, if transactions become known by third parties.

The concern has been heightened in provinces where anonymously paying cash in-store is not possible in light of a controversial Statistics Canada initiative to obtain detailed bank records from all Canadians.

Mon
19
Nov

5 reasons Canada is facing a marijuana shortage

The marijuana industry has delivered one milestone after another in 2018.

The highlight, of course, was the legalization of recreational cannabis in Canada on Oct. 17, 2018, which ended nine decades of adult-use prohibition. However, we also witnessed two more U.S. states legalize medical pot, which went along with Michigan becoming the 10th state to OK recreational weed use. Add in pot stock uplistings, the first cannabis-derived drug being approved in the U.S., and Tilray becoming the first pot stock to IPO on a reputable U.S. exchange, and you have the makings of a groundbreaking year.

Mon
19
Nov

Cannabis-savvy nurses help Canadians explore medical marijuana

Following the legalization of recreational marijuana, a growing number of Canadians are looking to experiment with cannabis for its medicinal properties. But with some doctors unwilling to prescribe the once-illicit drug, many patients are seeking clarity in the hazy world of weed by turning to nurses.

Like thousands of other Canadians, Gordon Bennett was prescribed opioids to ease his arthritis pain. But the problem, the 96-year-old says, was that they just didn’t work.

“I could hardly get out of bed,” Bennett told CTV News from his Ottawa home. “It was hell… I had pain in my back, I had pain in my neck, I had pain in my legs -- every part of my body suffered.”

Fri
16
Nov

Canadian marijuana shortages could go on for years

When Canadian provinces across the country came up against shortages of marijuana in the first month of legalization, it was frustrating. But even more frustrating is that this current lack could last for years.

According to Khurram Malik, CEO of Biome Grow Inc., the shortage is not only due to delays in licensing, but is also partly caused by the strict regulations on the country’s 132 licensed producers and enforced by Health Canada. The time needed by cannabis businesses to come up with a product that’s not only up to par, but is also compliant is standing in the way as well. These are problems projected to persist into the foreseeable future.

Fri
16
Nov

Aleafia Health is looking to create a cannabis industry first

Aleafia Health Inc.(TSXV:ALEF), based in Toronto, is a licensed cannabis producer that owns Canada’s largest network of medical cannabis clinics. The Company describes itself as a seed to patient licensed producer. It has vertically-integrated capabilities that enable it to cultivate, process, conduct independent medical research and market through its clinics with a physician-led approach.

The Aleafia team is led by former government and law enforcement officials, expert growers, and successful entrepreneurs. With 22 clinics coast to coast in Canada, Aleafia has built a customer base of 50,000 patients.

Fri
16
Nov

Why is Canada running out of marijuana?

In the early days of legalisation, James Burns was confident his company had enough product on the shelves of its five new cannabis retail stores, even though they only received half of their order from the provincial supplier.

Now, he has had staff refreshing the government supply website in the early hours to snap up scarce new stock as soon as it's available, and is considering restricting store hours.

"While there was product to order we were very comfortably getting a large amount of it," says Burns, the CEO of Alcanna, a company that owns a chain of private liquor stores in Canada and the US and, now, cannabis stores in the province of Alberta.

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