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Tue
09
Oct

Health Canada will charge licensed cannabis producers based on real revenue

Health Canada has decided to target real revenue rather than forecast revenue in determining the amount in annual fees that licensed producers will have to pay the government.

The department said in a press release Friday that it will “use previous year’s revenue to calculate the fee rather than forecasted revenue”. LPs will still need to pay an annual regulatory fee of 2.3 percent of their revenue so the Canadian government can cover the costs associated with regulating the new, legal market. Health Canada also said it promises to ensure “it recovers no more than the regulatory costs.” In 2017, the organization estimated the cost to be $546-million over the next five years, according to the Globe and Mail.

Fri
05
Oct

Canada facing nationwide cannabis shortage ahead of legalization

Canada’s legal recreational cannabis market may not have the supply it needs to meet sales in its first year. Recreational cannabis is set to be legal in less than two weeks, but as the October 17 date approaches, industry experts are predicting that the current supply is unlikely to meet the high demand expected for the next year.

“There is not currently enough legal supply of marijuana to actually supply all the recreational demand in Canada,” economist Rosalie Wyonch of the C.D. Howe Institute told the CBC. “We didn’t have enough producers far enough ahead from legalization that they’ll actually be able to deliver enough product to market by the time legalization happens.”

Thu
04
Oct

Michigan state house votes to ban cannabis-infused alcoholic beverages

Legislation to ban cannabis-infused alcoholic drinks was approved Wednesday by the state house with a 101-4 vote and it’s expected to gain the signature of Michigan governor Rick Snyder which will put the legislation into law.

House Bill No. 4668 will ban the possession of all alcoholic drinks containing cannabis, even if only for personal use. An exception will be made for research institutions, according to High Times.

“A person shall not use or offer for use, possess, sell, or offer for sale marihuana-infused beer, wine, mixed wine drink, mixed spirit drink, or spirits. A person that violates this section is guilty of a misdemeanor,” the statute reads.

Wed
03
Oct

President of leading cannabis supply company GGS Structures Inc. invited to speak at Canadian Parliament on impact of tariffs

Vineland, Oct 2, 2018 – President of GGS Structures Inc. Leigh Coulter spoke to the parliamentary Standing Committee on International Trade concerning the impact of tariffs on businesses, companies and workers.

The committee is conducting a study on how tariffs are affecting Canadian businesses and asked Coulter to act as a witness to explain how recent tariffs have affected GGS and other steel and aluminum purchasers, as well as to recommend alternative measures. Spokespersons from Essar Steel Algoma Inc. and Tenaris also addressed the committee following Coulter’s presentation.

As a leading supplier to the legal cannabis industry and greenhouse industry that exports globally with 50 per cent of its sales in the US, Coulter understands that free trade helps business.

Wed
03
Oct

Some U.S. scientists and politicians are baffled by the Federal Government’s latest actions on medical cannabis

Conflicting signals from Washington, regarding the federal government’s approach to medical marijuana, has both politicians and researchers in the U.S. expressing frustration over how lawmakers on Capitol Hill are handling the issue.

Last month the House Judiciary Committee approved the Medical Cannabis Research Act. The measure, sponsored by Florida Republican Congressman Matt Gaetz, would “increase the number of manufacturers registered under the Controlled Substances Act to manufacture cannabis for legitimate research purposes.” It would also let Veterans Affairs health care providers make recommendations to veterans when it comes to taking part in federally-approved cannabis clinical trials, “and for other purposes.”

Tue
02
Oct

How cannabis affects the five senses

There’s no end to the list of reasons that people choose to use cannabis, but one thing is for sure: Cannabis certainly has the ability to make people feel happier.

The happy, comfortable disposition consumers find themselves after consuming cannabis is thanks to how its makeup affects the chemicals in our brains. This alteration in the brain is what gives us that high feeling and since it affects the brain, it’s worth noting how it can alter all of our senses.

Fri
28
Sep

CBD-derived epilepsy treatment expected to be available within six weeks

GW Pharmaceuticals announced Thursday that its cannabis-based medication for two severe forms of epilepsy, Epidiolex, will be available on the market within the next six weeks. The pharmaceutical drug will be the first medication made up of cannabis that can be legally prescribed across the country.

The announcement follows the Drug Enforcement Administration’s (DEA) decision to give the treatment a Schedule V classification, the lowest classification for controlled substances. This category marks the drug as a chemical with low abuse potential and medicinal properties. Epidiolex is made up of CBD with less than 0.1 percent of THC.

Thu
27
Sep

LAX’s policy states travelers can carry cannabis

Los Angeles International Airport will allow travelers to carry cannabis at the airport, news that is both shocking and exciting for medical patients and recreational consumers.

The LAX policy reads, “While federal law prohibits the possession of marijuana (inclusive of federal airspace,) California’s passage of proposition 64, effective January 1, 2018, allows for individuals 21 years of age or older to possess up to 28.5 grams of marijuana and 8 grams of concentrated marijuana for personal consumption.

Thu
27
Sep

Virginia Board of Pharmacy announces the first five medical cannabis dispensaries

The Virginia Board of Pharmacy announced earlier this week the first five companies that will be allowed to dispense medical cannabis within the state.

The Virginia General Assembly approved a bill earlier this year to allow physicians to recommend cannabidiol oil or THC-A to help with symptoms of diagnosed diseases or conditions, whereas previously Virginians could only use cannabis oil for epilepsy. Virginia has been divided in five “Health Service Areas”, and each of the five companies will have an area to cover.

Wed
26
Sep

Newcomers to Oregon’s cannabis industry forced to wait for approval

The Oregon Liquor Control Commission is currently three months behind in clearing backlogged license renewals. For those applicants who managed to submit their completed application before the June 15 pause, there is still likely a 14 month waiting period, according to The Bulletin.

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