For 17 years Canada has provided legal access to medical cannabis to its citizens, and now the country is expected to legalize recreational marijuana by July 2018.
Cannabis Policy
Investors Could Reap Global Rewards of Research into Medical Cannabis Science
Cannabis companies have ramped up their efforts to make new scientific discoveries related to the plant’s medical uses.
What Can Canada Learn from the US When it Comes to Cannabis Legalization?
From underage access to taxes and enforcement costs, Canada’s swimming in concerns around the impending legalization of cannabis. Drawing on data from the US’s legal-cannabis states, Leafly addresses each of Canada’s fears by addressing how each has played out south of the border.
The post What Can Canada Learn from the US When it Comes to Cannabis Legalization? appeared first on Leafly.
Oregon Overhauls its Approach to Industrial Hemp
Passage of a new law in Oregon that requires industrial hemp growers to register with the state is seen as a positive move for the industry, advocates of the program are saying.
Nevada Rakes in $3.7M in Taxes from First Month of Pot Sales
The post Nevada Rakes in $3.7M in Taxes from First Month of Pot Sales appeared first on High Times.
During its opening month of recreational marijuana sales, the state of Nevada has already raked in $3.68 million worth of tax revenue, according to state officials.
The figure combines a 15 percent wholesale tax along with a 10 percent retail tax and accounts for all sales made in July, the first month of Nevada’s fiscal year. Recreational cannabis was legalized on July 1st.
Will Canada's marijuana supply be ready for legalization?
Some people involved in Canada's unregulated cannabis industry say, unless something changes quickly, the supply of available pot come legalization next July, will be inadequate, and the black market will continue to thrive. In British Columbia, Public Safety Minister Mike Farnworth announced Monday the public would be consulted on some of the upcoming rules around marijuana in the province, including distribution, age and possession limits.
Is InMed (CSE: IN; OTCQB: IMLFF) Building a Billion Dollar Cannabis Business Without Touching The Plant?
InMed Pharmaceuticals, Inc. (CSE: IN; OTCQB: IMLFF), a biopharmaceutical company specializing in the research and development of novel, cannabinoid-based drug therapies, today announces the filing of a provisional patent application pertaining to the Company’s proprietary biosynthesis program for the manufacture of cannabinoids that are identical to those found in nature.
Manitoba First Nation makes major investment in pot company
CBC News has learned that the Opaskwayak Cree Nation in Manitoba has taken a major stake in a medical marijuana company, with an eye to becoming a big player in the sale of pot once it becomes legal.
Canadian pot stocks rally in reaction to Ontario’s announcement
Producers jump after legalization plan gets unveiled
Marapharm Ventures Inc. (OTCQB: MRPHF) (CSE: MDM.CN) (FSE: 2M0) Announces that the State of Nevada has Awarded Conditional Approval for its Marijuana Distributor License
On August 22, 2017 the Nevada Department of Taxation, the main oversight body for marijuana in the state, conditionally approved an application for a marijuana establishment distributor license, subject to vehicle and facility inspections. This is the first award among multiple applications Marapharm submitted.
Cannabis companies eager to take growing biz to the bank
Any private U.S. bank that is insured by the federal government is forbidden by law from knowingly handling money from cannabis businesses. That leaves people in the rapidly growing industry with few options when it comes to dealing with business basics like payroll, taxes, and finances..
Algae Dynamics Corp. (ADYNF) Poised to Profit from Impending Recreational Cannabis Legalization
Canada-based Algae Dynamics Corp. (OTCQB: ADYNF) is working to exploit a niche market in Canada’s cannabis space as the Canadian government works to implement blanket legalization of marijuana by 2018.
Congressmen Want to Know Why Jeff Sessions Is Standing in the Way of Marijuana Research
Congressional forces, at least the dedicated few with enough cojones to swing violent haymakers in the name of marijuana reform on Capitol Hill, are working to get U.S. Attorney General Jeff Sessions to justify his personal decision to squash an expansion effort designed to improve the state of cannabis research in the United States.
As Recreational Cannabis Legalization Looms, the Field of Opportunity is Green for Canada’s Leading Growers
Sweeping legislation has been introduced by the Canadian government that takes aim at permitting nationwide recreational cannabis use by July 2018—a move applauded by companies that are currently licensed to produce medical marijuana in Canada or are engaged in providing services to growers.
TMX working with Canadian regulators on how to deal with U.S.-linked pot stocks
TMX Group Ltd. is seeking guidance from Canadian securities regulators as it weighs how to deal with marijuana companies listed in Canada with interests in the United States where the business remains federally illegal.