Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Thu
16
Aug

WeedMD and Phivida sign definitive agreement on Cannabis Beverages Inc.

WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”) and Phivida Holdings Inc. (CSE:VIDA) (OTC.PHVAF) ("Phivida") are pleased to announce the signing of a final definitive joint venture agreement (“Agreement”) to develop and operate Cannabis Beverages Inc. (“CanBev”) at WeedMD’s state-of-the-art greenhouse facility in Strathroy, Ontario.

Thu
16
Aug

MedMen Releases Preliminary Fourth Quarter 2018 Systemwide Retail Revenue Results

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today unaudited systemwide retail revenue for its fiscal 2018 fourth quarter ended June 30, 2018.

Wed
15
Aug

Marijuana stocks plummet in wake of Ontario's private-sector sales delay

Shares of Canada’s cannabis companies fell sharply on Tuesday morning as investors reacted to news that Ontario will initially limit sales of the drug when it becomes legal on Oct. 17.

Ontario had previously planned to open government-run stores in October. The new Doug Ford government, however, has decided to allow the private sector to operate stores but not until next spring. The government does plan to sell cannabis online starting in October.

The delayed opening of Canada’s largest market for cannabis is a blow for the industry. Investors sent stocks lower on Tuesday. Canopy Growth Corp., the most prominent name in the industry whose ticker is WEED, led the declines.

Wed
15
Aug

Marijuana is not really legal in California if residents don't have a reasonable way to buy it

California law allows adults to buy marijuana. It allows licensed businesses to deliver marijuana to customers, and it says specifically that cities and counties cannot prevent delivery services from traveling on public roads. Yet even though cities can’t stop deliveries traveling through their jurisdiction, many cities currently ban deliveries to their jurisdiction.

That means that unlike deliveries of virtually every other legal, adult-use product — including alcohol and cigarettes, which can be ordered over the internet in California ­— marijuana deliveries are barred.

Wed
15
Aug

Uncertainty looms over Canada's cannabis tourism

 Longtime marijuana advocate Neev Tapiero is ready for the cannabis-driven tourists to come, and he's not waiting for legalization to roll out the welcome mat.

The former dispensary owner anticipates an influx of visitors eager to try Canadian weed once recreational use is legalized Oct. 17, and is already courting foreign travellers through his Toronto-based tour company Canadian Kush Tours.

But while he prepares to hit the ground running, he says he's disappointed by a lack of support from government to back entrepreneurs like him: "Really none of the infrastructure is prepared for legalization in terms of things like hotels (and) parks."

Wed
15
Aug

Canopy Growth Corporation To Recieve $5 Billion Investment From Constellation Brands

Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, and Canopy Growth Corporation (Canopy Growth) (TSX: WEED, NYSE: CGC), a leading diversified cannabis company (together, the “Companies”), today announced a significant expansion of their strategic partnership to position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing.

Wed
15
Aug

Province Brands of Canada closes $10.95-million in Series A funding

Province Brands of Canada — the Canadian company developing a suite of premium non-alcoholic, cannabis-powered beers and spirits including the world's first beer brewed from the cannabis plant — has announced the closing of its Series A round of funding with $10.95-million raised by 91 accredited investors. Province Brands of Canada initiated this funding round in April of 2018, and its closing brings the total funding raised by the company since its launch to more than $15-million.

Tue
14
Aug

Colorado surveys show more adults are using marijuana, while youth rates remain flat

Since Colorado made recreational marijuana use legal for adults age 21 and up, the rates at which they're using cannabis have increased. At the same time, the percentage of youth who use marijuana has not.

The information comes from two recent surveys by the Colorado Department of Public Health and Environment. One of the surveys, the Behavioral Risk Factor Surveillance System, determined that adult marijuana use increased from 13.6 percent in 2016 to 15.5 percent in 2017 with 18- to 34-year-olds being the biggest driving force behind that spike.

Tue
14
Aug

New Jersey senate president predicts vote on legal marijuana next month

Stephen Sweeney, New Jersey Senate President and co-sponsor of an ambitious bill to expand medical cannabis access and legalize marijuana for adult use, told reporters that he expects the state Senate to hold a vote on legalizing cannabis as early as September. But exactly what lawmakers will be voting on is still unclear. The current proposal, a combined medical and adult-use bill, still needs revision and debate in committee before it can come to a vote. Senate President Sweeney, however, says that despite the long odds and polarized opposition, lawmakers are “getting much closer” to voting on legal marijuana.

Tue
14
Aug

Ontario to allow private retailers to sell cannabis, province will handle online sales

Ontario's Progressive Conservative government announced Monday it will allow recreational pot to be sold in retail stores while the province will handle online sales.

Minister of Finance Vic Fedeli and Attorney General Caroline Mulroney laid out the government's plan for a hybrid system in an announcement Monday at Queen's Park, stressing their priorities would be ensuring public safety and eliminating the black market. 

"The government of Ontario will not be in the business of running physical cannabis stores," said Fedeli. "Instead we will work with private-sector businesses to build a safe, reliable retail system that will divert sales away from the illegal market."​

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