Medical Cannabis News

Synonyms: 
mmj
Fri
05
Apr

10 medical marijuana stocks to cure your portfolio

Invariably, no other investment class generates as much interest and controversy as marijuana stocks. Within a generation, public sentiment toward legalization shifted dramatically from strongly opposed to mostly supportive. This is largely due to demographics, as the more progressive millennials replace older Americans in positions of influence.

Thu
04
Apr

Shoppers Drug Mart partners with cannabis supplier

Pharmacy franchise system Shoppers Drug Mart has joined forces with Harvest One to provide Canadians with medical cannabis.

Under the terms of the agreement, Satipharm-branded products will be available for purchase through the franchisor’s website, as Canadian regulations restrict the sale of medical cannabis in retail pharmacies. The products will be packaged with colour-coded labels, indicating varying levels of strength.

Soon after announcing the partnership, Harvest One completed its first shipment to the pharmacy through its wholly-owned subsidiary United Greeneries.

Thu
04
Apr

Canadian provinces restrict use of medical marijuana in workers comp

Canada may have been the first country in the world to legalize medical marijuana back in 2001, but its provinces are still grappling with what that means in the workers compensation world.

The provinces that have implemented or are planning to adopt policies governing the use of medical marijuana as a pain treatment option have moved slowly out of concern about potential adverse health impacts or questions about its effectiveness, and have limited the circumstances in which it can be prescribed, experts say.

WorkSafeNB, which oversees New Brunswick’s workers comp system, led the way by issuing its marijuana policy in April 2018, which allows for the use of medical marijuana for work-related injuries in limited instances.

Thu
04
Apr

Are B.C. home values going to pot?

There is a wide gap between what Canadians fear might be the impact of cannabis legalization on the value of their homes and what other jurisdictions have experienced.

Most Canadians believe legalization will hurt property values, according to an October 2018 survey by real estate company Zoocasa. The poll found that 42 per cent of respondents believed a dispensary located nearby would reduce their home’s value, compared with 36 per cent who disagreed. An even larger proportion (48 per cent) indicated that a dispensary nearby would reduce their desire to buy a home in that area.

Wed
03
Apr

Is recreational marijuana taking over the medicinal industry?

Since the recent birth of the recreational cannabis industry in Canada and the U.S., many have believed that the medicinal market may eventually take a downturn. While this may be true, it seems as though the medicinal market is finding its niche audience, and they have no plans for slowing down any time soon. There are several reasons that the medicinal industry still has a long way to go and the road only looks to keep going up.

One of the reasons that the medicinal industry has been able to stay around at least from a financial perspective is the fact that recreationally based cannabis stocks are still highly volatile and very risky. These companies have a large amount of supply issues, packaging shortages and regulatory measures that are very difficult to navigate.

Tue
02
Apr

Cannabis continues to garner attention with the rapid expansion of CBD products

Cannabis has become one of the most controversial topics on many countries' political agendas. Cannabis is still internationally illegal under regulatory statutes, but clinical trials and research have led countries to explore opportunities within the medical cannabis market. However, the recreational market is still widely being heavily enforced. Nonetheless, certain regions have moved to decriminalize, or even fully legalize, recreational cannabis use. Unlike marijuana, hemp's main component is CBD. While THC provides psychoactive effects to consumers, CBD does not induce psychoactive effects, but provide a therapeutic and relaxing effect akin to that of THC.

Tue
02
Apr

How does marijuana impact your health and safety strategy?

With the legalization of marijuana last year, Canadian employers were thrown something of a curve ball. Maintaining the same high standards of health and safety in this new age of legalized cannabis means understanding the new legislative measures.

In their seventh article of the series, Workplace Safety & Prevention Services’ (WSPS) spoke to HRD Canada about the legal obligations employers have regarding marijuana in the workplace.

“Regardless of whether an organization is a commercial enterprise, a non-profit entity, a multi-national corporation or a small business, leaders have a legal and moral responsibility to provide a safe workplace,” explained Larry Masotti, Director of Strategic Relationships at WSPS.

Mon
01
Apr

Cannabis still a hot purchase across the province, including in Cape Breton

As the legalization of cannabis in Nova Scotia nears its six-month anniversary, it appears sales are still “smoking hot” across the province, including Cape Breton.

“While we aren’t experiencing the lineups in our stores that we saw in the early days, we are seeing a consistent pattern in sales with our stores in metro Halifax and Sydney River doing the greatest volume of business,” said Beverly Ware, spokeswoman with the Nova Scotia Liquor Corp.

“The growth of local product sales continues to be strong as Nova Scotians appreciate the quality of local product offerings and show their support for innovative local business that provide local jobs and invest in their communities.”

Mon
01
Apr

4 reasons medical marijuana stocks are a smarter play than recreational pot stocks

The marijuana industry has been practically unstoppable in recent years, with that momentum carrying over into 2019. Through the first three months of the year, the broad-based Horizons Marijuana Life Sciences ETF has risen by approximately 60%.

According to Wall Street investment banks, this is an industry forecast to grow at a double-digit annual pace for years to come, with some analysts pegging annual global sales at between $50 billion and $75 billion by the end of the next decade. Presumably, with growth this robust, it's going to lead to some hefty gains for investors.

Fri
29
Mar

Personal data of 34,000 medical marijuana patients accessed in data breach: NHS

The personal health information of about 34,000 medical marijuana patients was accessed in a data breach of an electronic medical record system used by Sunniva Inc.'s Natural Health Services Ltd. subsidiary.

NHS says patients have been informed in the last week of the breach that occurred between Dec. 4, 2018 and Jan. 7.

It says the breach didn't involve any financial, credit card or social insurance number information since those aren't collected from patients.

However, personal injury firm Diamond and Diamond -- which has announced a proposed class-action lawsuit against NHS and Sunniva -- says it did involve diagnostic results, health-care numbers and personal contact information.

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