Premier Doug Ford and the Ontario Progressive Conservative government have signalled that cannabis will be sold in privately owned stores rather than through the newly created and government-owned Ontario Cannabis Store (OCS), with Ontario following the lead of the four Western provinces and Newfoundland and Labrador in selling cannabis through a private or mixed retail […]
Canada
Canadian Cannabis Farmers Will Qualify For Some Federal Funding
When Canada officially launches its recreational marijuana market later this year, the federal government will provide the nation’s cannabis farmers with some of the same funding opportunities as other green thumb industrialists. Earlier this month, agricultural ministers representing every level of government decided during their annual meeting in Vancouver that the companies producing cannabis plants for both […]
U.S. Marijuana Companies Go Public in Canada
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen. So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went […]
Pot Candies, Vaping Snuffed Out for Now in Canadian Legalization
Missing segment means continued life for black market, Rules for edibles and other products not due until 2019 A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use — making it harder for Justin Trudeau to kill off the black market. Edibles, beverages, […]
When marijuana is legal in Canada, Americans are expected to flock. But the border, and U.S. law, stands in the way.
Recreational marijuana has been legal here in Washington state since 2014. Adults just a few miles away in Canada also will be able to legally buy and smoke marijuana for pleasure starting in October. But between them stands the U.S. border, a thin marijuana militarized zone, where the drug will remain forbidden by federal law. […]
With Legal Marijuana On The Way In Canada, Investors Catch The Buzz
CHESTERVILLE, Ontario — Inside garage-sized containers at one end of a cavernous warehouse in a former Nestlé factory south of Ottawa are rows of marijuana plants stacked atop each other, basking in the unearthly glow of grow lights. They belong to Hamed Asi, an Ontario businessman who calls them his “vertical farm.” He has no […]
Canadians can be banned from the US for smoking cannabis
Approximately 400,000 people cross the US/Canada border every day, and that’s likely to continue after Canada’s cannabis legalization laws are implemented on October 17. Since the new laws have some Canadians confused about how to navigate US travel and cannabis use, Daily Hive found answers to commonly asked questions regarding crossing between the countries. Can […]
Is Canada’s Marijuana The New Bitcoin? Stocks Surge After Legalization
As Canada gets ready to implement legal recreational marijuana later this year, the U.S. neighbor’s cannabis stocks have surged and some experts suggest marijuana could be the next Bitcoin. “I believe the incredible tailwinds blowing at legal marijuana’s back make it so the opportunity here is much like the one internet stocks offered in 1994 […]
Canada Is About to Inhale the Global Pot Market. Thanks, Jeff Sessions.
In the dark of a frigid February morning on the outskirts of Ottawa, Canada, a convoy of trucks pulled up to the loading docks of a refurbished Hershey’s factory that’s now the headquarters of the world’s largest marijuana company—Canopy Growth Corp. Horticulturists in Tyvek suits began loading the vehicles with unmarked boxes, each the size of […]
Legal pot will roll out differently in Canada than in US
Mail-order weed? You betcha! With marijuana legalization across Canada on the horizon, the industry is shaping up to look different from the way it does in nine U.S. states that have legalized adult recreational use of the drug. Age limits, government involvement in distribution and sales, and access to banking are some big discrepancies. And […]
