Medical Cannabis News

Synonyms: 
mmj
Mon
18
Mar

What you need to know to start a legal cannabis grow-op

If Yellowknife's Jason Harker is successful in his quest to get a licence to produce cannabis, he'll become one of the first people to enter the industry in the Northwest Territories, if not the entire North. CBC News looked into what exactly a person needs to do in order to receive approval to run a grow-op in Canada.

What do I need to do to get licensed?

Shirley Toms, a regulatory consultant who works for Cannabis Compliance Inc., compares the process to a "4D matrix." Here's what's in that matrix:

Fri
15
Mar

Sales of legal dried cannabis declined in January: Health Canada

Canadian sales of legal dried cannabis in January declined from the prior month, the first such decrease since recreational use of marijuana was legalized last year, while inventory levels continued to rise, according to the country’s pot regulator.

Health Canada said 7,115 kilograms of dried flower cannabis was sold in Canada in January, down 3.7 per cent from December, according to the government agency’s monthly Cannabis Tracking System, which was updated late Wednesday. Overall sales of legal dried cannabis were up 10.9 per cent since recreational pot was made legal in October.

Fri
15
Mar

How recreational cannabis has created numerous challenges for insurers

Cannabis legalization is making things more complex for auto insurers and increasing risk for some commercial property clients, A.M. Best Company Inc. suggests in a recent report.

About 25 insurers, most of whom are non-admitted, provide coverage for cannabis risks in Canada and the United States, A.M. Best reported in Cannabis: New Opportunities for Insurers, But with Burgeoning Risks, released March 12.

In 2018, the Criminal Code of Canada was changed to allow possession of marijuana for recreational use. At the same time, Bill C-46 created new criminal offences for driving while impaired by tetrahydrocannabinol (THC), the active ingredient in marijuana.

Fri
15
Mar

Cannabis reaches new demographics due to its medical appeal

A recent poll by the National Survey on Drug Use and Health has revealed that older generations were increasingly found to be using cannabis. The survey, which was conducted in 2015 and 2016, revealed that 9% of U.S. adults between ages 50 and 64 used a cannabis-based product. And about 3% of people over the age of 65 used cannabis in the same period. The statistics show that cannabis consumption has increased among the older generations since the previous survey in 2013 as almost a quarter of those over 65 were prescribed cannabis as a treatment from their doctors in 2016. Some tried cannabis for recreational use, however, most turn to cannabis for medical reasons. While recreational cannabis laws are still regulated in most U.S.

Fri
15
Mar

Legal cannabis market value with status and outlook 2019 to 2025

Global Legal Cannabis Market Insights, Forecast To 2025

The report discusses many vital industry facets that influence global Legal Cannabis industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

Avail a sample 129 pages copy before purchase:

Thu
14
Mar

Insurance brokers weigh in on cannabis micro-cultivator boom

Since Canada legalized recreational-use cannabis on October 17, several provinces have complained of supply shortages and have taken mitigatory measures. Ontario, for example, recently blamed “severe supply shortages” for its curtailing of cannabis retail expansion, and Alberta decided in November to temporarily suspend accepting new applications for retailers, citing a “national shortage.”

The claims made by the provinces have been hotly contested by Canada’s federal government. Bill Blair, Canada’s minister in charge of marijuana, posted on Twitter: “The data is clear: There remains sufficient supply to meet and exceed existing demand,” adding that the provinces still have work to do ironing out their wholesale and retail systems.

Wed
13
Mar

The future of the CBD market – Is it at risk?

It seems there are reasons to be both bullish and bearish about the near-term prospects of hemp-based CBD products. In January, cannabis producer Tilray Inc. (NASDAQ:TLRY) made waves after announcing plans to acquire Manitoba Harvest from Compass Group Diversified Holdings for $419 million in cash and shares. According to the Nanaimo-based grower, Manitoba Harvest is “the world’s largest hemp food manufacturer.” This acquisition is just the latest in the rush to get into the hemp space from the major growers, and Tilray in particular plans to accelerate its expansion into the US and Canadian CBD markets.

Wed
13
Mar

Taxes on medical marijuana pushing patients to illegal sources, group says

Since Canada legalized cannabis in October, medicinal marijuana users say their costs have jumped noticeably — pushing more of them to find cheaper sources on the black market.

For the more than 300,000 licensed medical users in this country, federal excise taxes ushered in with legalization have been a bone of contention.

A national lobby group is calling on Ottawa to remove the roughly 10 per cent excise tax on medicinal marijuana, a new levy they say will add hundreds of dollars a year to the cost of their medicine.

Wed
13
Mar

THC to CBD: More cannabis companies expand their CBD capabilities

Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the growing number of cannabis companies expanding their CBD capabilities, following the major market trends for 2019.

Every company and investor in the cannabis industry is well aware of the hype surrounding the potential for CBD and hemp. You can find a plethora of articles flooding the news about this sector, and the hype seems well justified according to research from New Frontier Data.  

Wed
13
Mar

Organic CBD oil concentrate with no additives remains best seller

A pure organic CBD oil brand with no additives or unnecessary ingredients has been a popular top selling brand since the industry began its’ rapid expansion, see here https://cbdrevu.com/cbdpure-hemp-oil-cbd/.

Pages

Subscribe to RSS - Medical Cannabis News