Marijuana Business News

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Tue
13
Nov

These guys deal with cannabis in Singapore – and don't feel paranoid

Cannabis is a deadly serious business in Singapore, where trafficking carries a death sentence and even possession is punishable by up to 10 years in prison. But as the market for legal cannabis grows increasingly lucrative worldwide, even entrepreneurs in the famously drug-averse city state are finding ways to cash in on the trade.

Tue
13
Nov

Aurora Cannabis' earnings surge by 2800% after it produces 11000 pounds of cannabis in 3 months

Aurora Cannabis said revenue jumped 260 percent over the last 12 months, with kilograms produced climbing to 4,996 from 1,010 over the past year. That's up nearly 400 percent.

Earnings attributable to common shareholder surged 2,862 percent to 104.2 million Canadian dollars, while total revenue was CA$ 29.7 million.

The Canadian-traded Aurora shares rose slightly on Monday and have doubled in the last one year. U.S- traded shares of Aurora, which launched on the New York Stock Exchange on Oct. 23, lost 3.8 percent.

Mon
12
Nov

Cannabis industry says it needs more approved growers to meet Canadian demand

More fully-licensed cannabis growers and cultivation space are needed to meet a voracious demand for legal marijuana, a spokesman for the industry said last week.

That means more licences for both producers and their grow areas need to be issued by Health Canada, said Allan Rewak, executive director of the Cannabis Council of Canada.

“Absolutely, we need more licensed producers, we need Health Canada to approve more production sites,” said Rewak, adding his group represents 85 per cent of the legal cultivation space in Canada. “We’re talking to them every day.”

Mon
12
Nov

Blue Moon's founding brewer pops top on cannabis-infused beer

The founding brewmaster behind Blue Moon beer has a new beer that delivers a different kind of buzz. Keith Villa, who invented Blue Moon Belgian Wheat more than two decades ago, next month will launch the first beer from new venture CERIA Brewing Co. But Grainwave Belgian-Style White Ale will be quite different than Blue Moon.

For starters, the beverage has no alcohol and includes 5 milligrams of THC, the high-producing ingredient found in cannabis plants. Made with blood orange peel and coriander, the ale "has a richer, deeper orange character and a little different type of bitterness because of the cannabinoids," Villa said.

Mon
12
Nov

Canada: Cannabis company hopes to replace jobs lost in mill closure in small B.C. town

Arnold Meyer spent 40 years working at the Tolko Industries Ltd. mill in Merritt, B.C., but then he faced the reality of being laid off.

The 62-year-old was one of about 200 employees who lost their jobs in 2016, crippling the economy of the small town in British Columbia's southern Interior and prompting politicians to promise to restore the ailing forestry sector.

Two years later, the province's lumber industry is still facing challenges, but a new sector is revving up. A cannabis company hopes to build a grow facility in Merritt, replacing jobs, including Meyer's that were lost in the mill closure.

Mon
12
Nov

High Hampton closes acquisition of Mojave Jane

High Hampton Holdings Corp. (CSE: HC) is pleased to report that it has successfully closed the previously announced transaction to acquire 100% of all of the issued and outstanding member interests in Mojave Jane, LLC ("Mojave Jane")  (the "Acquisition").

Mon
12
Nov

Canada's cannabis law is making things weird for people who sell marijuana paraphernalia

On the day marijuana became legal in Canada, Jon Keefe, a co-owner of a cannabis accessories store in St. John's, N.L., had a "strange visit" from the province's new pot regulators.

There were several customers browsing through Dabber Hashery, which carries items like glassware cleaners and electronic vaporizers, when two inspectors from the Newfoundland Labrador Liquor Corporation (NCL) walked in.

"They took a really brief look around and then told us that we weren't allowed to have the word 'cannabis' printed anywhere inside our store or our staff clothing," Keefe told Day 6.

"They actually further told us that we weren't allowed to identify any of the things that we were selling as cannabis accessories."

Mon
12
Nov

Marijuana is emerging among California's vineyards, offering promise and concern

It is the fall harvest here in this fertile stretch of oaks and hills that produces some of the country’s best wine. This season, though, workers also are plucking the sticky, fragrant flowers of a new crop.

Marijuana is emerging among the vineyards, not as a rival to the valley’s grapes but as a high-value commodity that could help reinvigorate a fading agricultural tradition along the state’s Central Coast. Brushed by ocean breeze, cannabis has taken root, offering promise and prompting the age-old question of whether there can be too much of a good thing.

Mon
12
Nov

Canada: Regina's 1st legal cannabis shop open for business

The Queen City officially has its first legal place to buy recreational cannabis. The Cannabis Co. YQR, located near Regina's Warehouse District, opened its doors at 11 a.m. Saturday. Several people eagerly waited outside for the store to open, curious to see what they would find. 

Tyrell Satther was one of those people. He said it was his first time in a legal cannabis shop.


Regina resident Tyrell Satther said Saturday morning was his first time in a store that sells legal recreational cannabis. 

Mon
12
Nov

Ontario Cannabis Store blames licensed producers for delivery delays

Ontario's government-run online cannabis retailer, already facing many complaints in the weeks since legalization, has blamed producers licensed by Health Canada for what it calls a labelling mix-up that delayed delivery of some products.

In an email to affected customers this week, Patrick Ford, the chief executive officer of the Ontario Cannabis Store said the province's only legal outlet for recreational pot, had put in place unspecified measures to prevent a recurrence. Ford also promised packages would leave the store's distribution centre on the weekend.

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