In a rare move, the U.S. government has approved the importation of marijuana extracts from Canada for a clinical trial, highlighting a new avenue for American researchers who have long had trouble obtaining the drug for medical studies. The University of California San Diego’s Center for Medicinal Cannabis Research announced Tuesday the Drug Enforcement Administration […]
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Canadian marijuana investors could face lifetime bans from entering U.S.
Canadians who invest in marijuana-related stocks, as well as those who use pot or work in the cannabis industry, could be banned from ever entering the U.S., according to a report Thursday. While pot smokers and cannabis-industry workers have previously faced the prospect of lifetime travel bans, it may be news to investors that the risk […]
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 […]
Canadian Marijuana Firm Tilray Valued At $1.4 Billion Ahead Of Its Thursday IPO
Tilray Inc., Canadian marijuana producer and processor, will IPO on Thursday, June 19. At a price range of $14 to $16 per share, the company plans to raise up to $144 million and has an expected market cap of ~$1.4 billion. At the midpoint of its price range, TLRY currently earns an unattractive rating. Tilray looks […]
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 […]
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 […]
Canada’s Legislature Votes To Legalize Marijuana; Sales Will Begin In Weeks
Recreational marijuana may soon be legal in Canada, after both the House of Commons and the Senate approved the Cannabis Act. Legal sales are likely to begin before the end of summer after the Senate voted 52-29 Tuesday night to approve the bill, the CBC reports. “We’ve just witnessed a historic vote for Canada. The end […]
