MONTREAL — The Canadian government on Thursday announced new legislation legalizing marijuana, fulfilling one of Prime Minister Justin Trudeau’s major campaign promises. Canada has anticipated the law will take effect in the summer of 2018. The new federal laws will make the possession of small amounts of pot legal throughout the country and will also establish broad guidelines concerning who can grow, sell and buy the drug. Many specifics regarding who can possess or sell will be left to the individual provinces. Canada legalized marijuana for some medicinal uses in 2001. For more info: click here
Two weeks ago, the government of Argentina gained final legislative approval of a bill allowing for the medicinal use of cannabis oil. This legislation also permits cannabis to be grown for both research and therapeutic purposes. The unanimously approved bill helps to establish a means for scientific exploration of the effectiveness of marijuana to treat numerous diseases, as well as a way for Argentina to provide medical cannabis to patients free of charge.
NutraFuels Inc. (OTC PINK NTFU) announces that the company has finalized product packaging and begun production on five of the company’s latest oral spray containing industrial hemp rich CBD.
The Colorado Senate on Thursday passed a first-in-the-nation bill expressly permitting marijuana clubs. But Gov. John Hickenlooper is hinting that he’ll veto the measure unless it bans indoor smoking.
While the medicinal cannabis industry continues to rapidly advance and expand operations by identifying new leading edge products, leaders are turning towards the expertise and knowledge of other medical sectors, especially with influence from the biopharma sector.
When heated, myclobutanil is known to create hydrogen cyanide which is extremely poisonous. 3 of the 38 federally licensed marijuana growing companies have had to recall their products due to the presence of the myclobutanil pesticide.
Organigram Inc., which was discovered selling products containing a banned pesticide announces that Greg Engel has been appointed CEO, taking over from Denis Arsenault.
The global marijuana industry continues to develop at an impressive pace, driven by new developments in the field of cannabis-based pharmaceutics.
As a result, M&A activity in the market is heading toward exponential growth as well.
Colorado is on the brink of becoming the first state with licensed pot clubs. But the details of how these clubs will operate are as hazy as the underground clubs operating already.