Medical Cannabis News

Synonyms: 
mmj
Wed
12
Dec

Hemp companies poised to list in U.S. as farm bill goes to vote

Investors looking for exposure to the burgeoning U.S. cannabis sector may not have to go north much longer.

With lawmakers likely to vote to legalize hemp soon, cannabis company Vertical Cos. plans to spin off its hemp assets into a separate company called Vertical Wellness and list it on the Nasdaq. Other companies that extract cannabidiol, known as CBD, from hemp are poised to follow suit to other U.S. exchanges.

“We feel that with the farm bill passing, it opens up the pathway to a formal listing on a U.S. exchange like Nasdaq,” said Smoke Wallin, president of distribution, sales and marketing at the Agoura Hills, California-based Vertical. The company cultivates and sells cannabis products in four U.S. states.

Wed
12
Dec

Will legal recreational weed kill off the medical cannabis market? Experts say the opposite is happening

As Canada edged ever closer this year to making it legal for any adult to buy marijuana, Dr. Hance Clarke noticed a surprising phenomenon.

At his Toronto pain clinic, Clarke encountered more and more people eager for him to prescribe medical cannabis, though they could soon buy the drug without anyone’s approval. The trend has continued and today he estimates that 15 of every 20 of his patients seek pot as a treatment.

Logic suggests the newly legalized recreational weed business — which makes purchasing cannabis about as difficult as ordering a bestseller online — would render the rest of the market irrelevant.

Tue
11
Dec

Medical marijuana framework coming for Barbados, but referendum to be held on recreational use of the drug

Before Christmas, Barbados should have a framework for medical cannabis in place. However, freeing up the recreational use of the drug will have to be decided by referendum.

Word of this has come from Prime Minister Mia Mottley, who pointed out that Barbados could no longer afford to miss out on the emerging cannabis industry.

“There is no doubt that we will put a framework in place for medical cannabis within the next week or so. In fact, we have more or less taken a decision, we just need some refining and training with practitioners,” Mottley told the business community gathered at the CIBC FirstCaribbean Barbados Client Economic Forum last Friday.

Tue
11
Dec

Eve & Co receives expanded Health Canada licences

Eve & Co Incorporated (TSX-V: EVE; OTCQB: EEVVF) (“Eve & Co” or the “Company”) is pleased to announce that as of December 7, 2018, Health Canada authorized Natural MedCo Ltd., a wholly-owned subsidiary of the Company, to use its previously constructed 100,000 sq. ft. second flowering room as a grow area, and a packaging room as an operations area. 

With the addition of these approved areas, Eve & Co now has 220,000 sq. ft. of licenced grow and operation areas. The Company expects harvesting to commence at its newly licenced second flowering room by late March 2019.

Mon
10
Dec

Veterinarians caution against cannabis for pets

Local veterinarians are hesitant about animals consuming cannabis due to insufficient research. 

Under Canada’s legalization framework, cannabis can only be accessed for human use. However, as cannabis legalization has prompted much speculation about how the drug will affect humans, some people are considering if marijuana could be of medical benefit for their pets. Veterinarians and medical experts say owners should hold back, due to little research around the effects of marijuana on animals. 

Several local veterinarians in Fredericton, including Dr. Amy Hiebert at the Fredericton Animal Hospital, Dr. Mike Legge at Southpaw Animal Hospital and Dr. Jim Berry at Douglas Animal Hospital, offered their perspectives on the issue.

Mon
10
Dec

Aspiring 'craft' cannabis producers running into unexpected roadblocks

Yan Boissonneault's daughter was turning blue.

Without warning, his baby had stopped breathing, and he frantically performed CPR while his friend James Gallagher called 911.

Years later, the men still become emotional remembering that day. Boissonneault learned that his daughter had a rare disorder that caused epilepsy, and when pharmaceutical medications failed to cure her seizures, he turned to CBD oil, a non-psychoactive substance in marijuana.

"It's been two years now and she hasn't had a seizure," Boissonneault said, standing next to rows of pungent marijuana plants under glowing white lights. "That's what got me involved in this. It's quite personal. ... The only profit it gives me is the joy of seeing my daughter smile."

Mon
10
Dec

Medical cannabis market checkout the unexpected future 2025

It contains a forecast of the next 5 years, starting 2018 and ending 2023 with a host of metrics like supply-demand ratio, Medical Cannabis market frequency, dominant players of Medical Cannabis market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Medical Cannabis production and manufacturing cost that could help you get a better view on the market. Get to know the economic background and financial problems faced by the industry as well. A SWOT analysis (Strength, Weakness, Opportunities and Threats) has been made for companies working in the sector too. 

Mon
10
Dec

Canadians get paid way more working in the weed industry than the average job in Canada

Now that marijuana has been legalized in Canada, Statistics Canada released a new report on December 7th about the job force in the country in 2018. They reported that the marijuana industry has been a positive impact on the jobs in Canada and has created thousands of new positions for Canadians. 

Mon
10
Dec

Shoppers Drug Mart granted licence to sell medical marijuana online

Shoppers Drug Mart has been granted a licence to sell medical marijuana online.

Health Canada's list of authorized cannabis sellers and producers has been updated to reflect that the pharmacy can sell dried and fresh cannabis, as well as plants, seeds and oil.

A website has been set up by the company, which says that patients "with a valid medical document will soon be able to purchase a wide selection of medical cannabis products" from Shoppers.

A spokeswoman for Shoppers' parent company Loblaw Companies Ltd. said it's too soon to say when people will be able to start making orders.

She said the company is still working through a "technical issue" with Health Canada.

Fri
07
Dec

Meet the former cop behind Canada’s first indigenous licensed cannabis producer

Eighty years ago, the police chief on the Caughnawaga reserve across the St. Lawrence river from Montreal spent weeks supervising the picking, carting, and burning of 3,500 pounds of pot under order of the Department of Indian Affairs. “The leaves and seeds of the marijuana plant contain a drug police fear more than any other narcotic,” ominously warned the Montreal Gazette on September 29, 1938, adding cops considered it a “greater menace” than opium and cocaine because it “often brings on insanity.”

Pages

Subscribe to RSS - Medical Cannabis News