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Push on for Alberta bottle depots to accept cannabis containers for refunds

EDMONTON — The group that oversees bottle depots in Alberta says people should be allowed to drop off cannabis containers and get a small refund just as they do for bottles and cans. The Alberta Bottle Depot Association says paying a deposit on the containers and having it returned at dropoff

news

Indictment accuses 12 of illegally trading shark fins, drugs

SAVANNAH, Ga. — Federal authorities said Thursday that they have charged 12 people and seized nearly $8 million in cash, jewels and precious metals after disrupting a criminal enterprise that dealt drugs and sold illegally harvested shark fins to buyers overseas. U.S. Attorney Bobby Christine of Georgia’s Southern District

news, cannabis, Edibles, health canada

Health Canada says several kids hospitalized after eating edible pot products

OTTAWA — Health Canada is warning people to do more to keep edible pot products out of the hands of kids. The department says several children wound up in hospital after accidentally eating illegal edibles that looked like regular candy or other foods and were stored in places kids could easily

news, Retail, LA, retailer

LA Gives Initial Ok for Reboot of Marijuana Marketplace

Los Angeles moved Wednesday to reboot its once-promising legal marijuana market, giving initial approval to changes large and small to expand licensing and get more assistance to operators who endured the consequences of the nation’s war on drugs. Broad legal sales kicked off in California in 2018, and at

License Producers, news, Retail, aurora cannabis, layoff

Aurora Cannabis to Lay off Staff, Close Five Sites, Take Impairment Charges

EDMONTON — Aurora Cannabis Inc. is continuing to restructure with more layoffs, facility closures, and impairment charges. The Edmonton-based cannabis company says it will reduce its selling, general, and administrative workforce by 25 percent immediately. Another 30 percent of production staff will be laid off from the company over the next

License Producers

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License Producers, news, Retail, aurora cannabis, layoff

Aurora Cannabis to Lay off Staff, Close Five Sites, Take Impairment Charges

EDMONTON — Aurora Cannabis Inc. is continuing to restructure with more layoffs, facility closures, and impairment charges. The Edmonton-based cannabis company says it will reduce its selling, general, and administrative workforce by 25 percent immediately. Another 30 percent of production staff will be laid off from the company over the next

License Producers, news, HEXO, licence producer

Hexo Corp. Sells Niagara Falls Cannabis Facility for $10.25 Million

OTTAWA — Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer. The cannabis company announced in March plans to list the facility after reviewing its cultivation assets. Hexo determined that it no longer expected to restart operations, which it halted

cannabis, License Producers, news, aurora, cannabis retail, license producer

Aurora Cannabis President Steve Dobler Stepping Down at the End of the Month

EDMONTON — Aurora Cannabis Inc. says co-founder Steve Dobler will retire as president and as a director of the company at the end of the month. Dobler has held the roles at the cannabis company since December 2014. With the retirement of Dobler, the board will have nine directors. The move

Business, License Producers, Medical & Wellness

Supreme Cannabis Sends Shipment to Israel Through Medicinal Brand Truverra

IntroductionSupreme Cannabis sends its first shipment to Israel through their medicinal brand Truverra. Through their (Supreme’s) subsidiary, Truverra, they partnered with Israeli pharmaceutical company, Breath of Life International Ltd. (BOL Pharma). It appears as though, despite the tremendous impact of COVID-19 on global trade, cannabis is alive and well

Retail

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news, Retail, LA, retailer

LA Gives Initial Ok for Reboot of Marijuana Marketplace

Los Angeles moved Wednesday to reboot its once-promising legal marijuana market, giving initial approval to changes large and small to expand licensing and get more assistance to operators who endured the consequences of the nation’s war on drugs. Broad legal sales kicked off in California in 2018, and at

License Producers, news, Retail, aurora cannabis, layoff

Aurora Cannabis to Lay off Staff, Close Five Sites, Take Impairment Charges

EDMONTON — Aurora Cannabis Inc. is continuing to restructure with more layoffs, facility closures, and impairment charges. The Edmonton-based cannabis company says it will reduce its selling, general, and administrative workforce by 25 percent immediately. Another 30 percent of production staff will be laid off from the company over the next

news, Retail, Hobo cannabis, pot shop, retailer

‘The Pandemic Was Not in the Plan’: Pot Shop Launches Struggle Amid Pandemic

TORONTO — When the hospitality business Donnelly Group rang in the new year, opening two Hobo Cannabis Company stores in March and April were top priorities. But shortly after it hired and trained 80 employees for the Ottawa stores and readied pot products to fill their shelves, trouble arrived: COVID-19. “Just

news, Retail, Edibles, OCS

Ontarians Spend $20m on Cannabis 2.0 Items in First Three Months of Sales: OCS

TORONTO — Ontarians shelled out almost $20 million in the first three months products in Canada’s second wave of cannabis legalization were available for sale. Cannabis vapes, topicals, concentrates, and edibles including gummies and chocolates only hit store shelves in January and beverages in March, but roughly $19.3 million

Stocks

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cannabis, news, Stocks, stock market

Nasdaq Briefly Surpasses Big Milestone While Other Stock Markets Give Back Gains

TORONTO — The tech-heavy Nasdaq composite index surpassed 10,000 points for the first time Tuesday even as North America’s other stock markets gave back some of their recent gains. The S&P/TSX composite index closed down 141.17 points at 15,833.74. In New York, the

news, Stocks, cannabis stocks, trade

S&Amp;P/TSX Composite Index up in Late-morning Trading, While U.S. Stocks Also Rise

TORONTO — Canada’s main stock index was up in late-morning trading as the health-care sector, which includes big names in the cannabis sector, and real estate trusts moved higher. The S&P/TSX composite index was up 17.64 points at 15,871.71. In New York, the Dow

Business, Stocks

FSD Pharma to Begin Trading on the NASDAQ Capital Market Under Symbol ‘HUGE’ on January 9, 2020

TORONTO, Jan. 6, 2020 /CNW/ – FSD Pharma Inc. (CSE: HUGE) (OTCQB: FSDDF) (FRA: 0K9) (“FSD Pharma” or the “Company”) today announced that its Class B Subordinate Voting Shares (the “Shares”) have been approved for listing on the NASDAQ Capital Market (“NASDAQ”) under the symbol ‘HUGE’. Trading on the NASDAQ is

Business, Stocks

Cannabis Stocks 2019: Year in Review and 5 to Watch

With 2019 coming to a close, there’s a good chance that cannabis stocks will be wrapping up with a whimper rather than a bang. Many of the big name companies have had a rough year, and a number of issues still plague the industry. With that said, it’

Legal

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Legal, news, louisiana, medical marijuana

Louisiana Widening Access to Medical Marijuana Under New Law

BATON ROUGE, La. — More Louisiana residents will have access to medical marijuana under a significant expansion of the state’s therapeutic cannabis program that was signed into law by Gov. John Bel Edwards. The changes in the law, which take effect in August, allow doctors to recommend medical marijuana for

Legal

Ikänik Farms Becomes First in Colombia to Pass EU Standard Pharmaceutical Cannabis Test

Test results further support Ikänik’s strategic initiative to enter European Union pharmaceutical cannabis market BOGOTA, Colombia, Jan. 22, 2020 /CNW/ – Ikänik Farms, Inc. (the “Company” or “Ikänik”) is pleased to announce that Ikänik International, Inc. (“Ikänik International”), represented by its medical division in Colombia, Pideka SAS (“Pideka”), a wholly

Legal

Legalization 2.0 Product Rollout in Canada: Success and Failure

On October 17th, 2019, the Canadian government went ahead with the second phase of its cannabis program. Legalization 2.0 included the approval of edibles and infused products. The move came exactly one year after the first wave of legalization which saw Canada make history, with recreational cannabis flower and

Legal

Pot Politics: Some Northeast States Regroup on Legalization

NEW YORK — A year ago, marijuana legalization looked like it was on a roll in the Northeast — it had already passed in three of the region’s states and was a priority for governors in three more, including the populous New York. Now, after legislative efforts stalled and a vaping

Medical & Wellness

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news, Medical & Wellness, health canada, youth

Youth Sickened with Pot Used It with Other Mood-Altering Substances: B.C. Study

VANCOUVER — Researchers say most youth treated for cannabis poisoning at a British Columbia hospital combined it with other substances such as alcohol, illicit drugs, and medication. Dr. Shelina Babul says 71 percent of patients seen at BC Children’s Hospital for cannabis poisoning in a three-year period before the drug