Quebec

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Wed
16
May

What will Quebec's government-run cannabis stores look like?

SAQ head Alain Brunet says clients will be able to buy behind-the-counter pot from extensively trained workers.

The head of Quebec's liquor board says even though there's still no official date for the legalization of cannabis, the SAQ will be ready to serve Quebecers in stores and online.

SAQ president and CEO Alain Brunet says the agency is in the process of figuring out where stores will be located —they can't be within 250 metres of an elementary or high school — and will soon be recruiting employees.

The SAQ will oversee the sale and distribution of marijuana, but the sales will be carried out by a separate entity: the Société Québécoise du Cannabis.

Mon
14
May

How Quebec could allow Home-Growing marijuana?

Home-Growing marijuana – The inevitable legalization of recreational marijuana in Canada has been bringing up more questions than answers since the Federal Government first introduced Bill C-45, the Cannabis Act, in the House of Commons in April of 2017. The third and final reading of the Bill by the Senate is expected no later than June 7th 2018, with Canada-wide legalization on July 1st 2018 – but there could be a delay of up to 2-3 months before legal weed is actually available for consumers.

Mon
14
May

Canadian pot growers say marijuana byproduct a wasted opportunity for industry

Stems of marijuana plants could be used as fibre for products like T-shirts, animal feed and housing siding.

Licensed marijuana producers in Canada are throwing out thousands of kilograms of plant waste each year in what some of them say is a missed opportunity to find other uses for the byproduct.

Health Canada's destruction policy for producers makes it impossible to benefit or learn from the potentially valuable waste product, said Terry Lake, the vice-president of corporate social responsibility at Hydropothecary, a licensed producer in Gatineau, Que.

Fri
11
May

Can MYM NUTRACEUTICALS ORD (OTCMKTS:MYMMF) become the next big player in the Canadian cannabis patch?

One stock that has been in bounce mode in recent action is MYM NUTRACEUTICALS ORD (OTCMKTS:MYMMF). The jump comes in the wake of the stock’s break down through a key support level last week. This is a very interesting pre-revenue player in the Canadian cannabis patch. The company is working with a strong balance sheet and looking to establish larger scale operations, meaning that the essential work here is as much about regulatory issues as anything else.

Fri
11
May

The Canadian Securities Exchange, OTC Markets Group court Israeli cannabis, blockchain startups

66 out of 371 companies currently listed on the Canadian Securities Exchange have cannabis-related businesses.

The Canadian Securities Exchange (CSE), an alternative stock exchange in Canada, has partnered with New York-headquartered the OTC (over-the-counter) Markets Group to offer early-stage companies a new initial public offering program in North America, and they are setting their cap at Israeli startups.

Thu
10
May

Task force chair says ban on home-grown pot paternalistic, unenforceable

Banning Canadians from growing a few marijuana plants in their homes or backyards once recreational cannabis is legalized would be both paternalistic and unenforceable, former federal justice minister Anne McLellan says.

McLellan, who chaired the federal task force on cannabis legalization, offered that opinion Wednesday during an appearance before the Senate’s social affairs committee, which is examining the federal government’s bill to legalize pot use.

The bill would allow individuals to grow up to four plants per dwelling — a provision that has raised concerns among senators, apartment and condo owners, municipalities and police.

Wed
09
May

Two top pot stock picks from a Beacon Securities analyst - and the one he thinks is a takeover candidate

While marijuana stocks may be considered a contentious sector to invest in to some investors, this is a sector that could be quite profitable for long-term investors. If recreational cannabis is soon legalized, many marijuana companies are positioned to potentially experience explosive earnings growth in the years ahead.

Three marijuana stocks are now included in the S&P/TSX Composite Index, and that number may continue to grow.

Given the growing presence and leadership of these stocks, I recently spoke with Vahan Ajamian, an analyst who currently covers eight marijuana equities at Beacon Securities Ltd. Here are excerpts from our conversation, with an expanded version available online at tgam.ca/inside the market.

Fri
04
May

Friday's TSX breakouts: A marijuana leader in Quebec with an upside forecast of over 70%

On today’s TSX Breakouts report, there are 23 stocks on the positive breakouts list (stocks with positive price momentum), and 15 securities are on the negative breakouts list (stocks with negative price momentum).

Discussed today is a company that appears on the positive breakouts list. Of all the stocks on the positive breakouts list, this one has the highest expected one-year price return – that stock is a cannabis producer. The average target price suggests that the share price may rise 72 per cent over the next year. The company is covered by six analysts, of which all six analysts have buy recommendations. The security highlighted today is Hydropothecary Corp. (THCX-X).

Fri
04
May

Assembly of First Nations wants provinces, territories to butt out of First Nations marijuana sales

Resolution passed at Special Chiefs Assembly calls for a cut of tax revenue from cannabis sales.

First Nations chiefs on Wednesday called on the federal government to amend its marijuana legalization legislation to prevent provincial regulations from applying on reserves.

Chiefs passed a resolution at a Special Chiefs Assembly in Gatineau, Que., directing the Assembly of First Nations to lobby the federal government to make the amendment to Bill C-45, which is currently before the Senate.

The resolution also called for First Nations to be included in the excise tax revenue sharing framework, which is currently split 75 per cent to 25 per cent between the provinces/territories and Ottawa.

Mon
30
Apr

How much marijuana is too much? Legalization means new questions for police

With legal pot looming, officials are working on training tools for Canada's cops.

Pop quiz: what does 30 grams of marijuana look like?

It's not an abstract question. Under the federal government's proposed cannabis legalization plan, 30 grams of dried marijuana is the maximum a person can legally possess in a public place. Carry any more and you could be subject to fines, jail time, or both.

Policing quantities is a big shift for police officers, who are used to viewing any amount of pot as a potential red flag, said Sandy Sweet of the Canadian Police Knowledge Network, an agency that provides online training courses for police officers.

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