North America

Wed
23
Jan

The truth about CBD for your pets

This past year you’ve probably noticed an uptick in CBD products for pets being sold everywhere from high-end smoke shops to gas stations. Forecasts predict this trend to continue into 2019.  While there are still questions about the safety and efficacy of these products, a growing number of professionals and pet owners are becoming curious about how CBD can benefit our furry friends.  

Wed
23
Jan

Canada's chronic shortage of legal cannabis expected to drag out for years

Canada's persistent shortage of legal cannabis could drag on for years. The impending legalization of edible pot will only divert more product away from empty store shelves across the country. One industry insider said he now expects that shortage to endure until 2022.

"If it was just the current product set, I'd say a year to 18 months," said Chuck Rifici, CEO of the Toronto-based cannabis company Auxly.

"But because we have edibles and a bunch of new product types coming in October, I think it'll be the better part of three years before we have true equilibrium and oversupply in the space."

Wed
23
Jan

Cannabis-carrying border-crossers could be hit with fines under coming system

Travellers caught sneaking small amounts of marijuana into Canada could soon be forced to pay fines.

Although stiff criminal penalties will remain options on the books, the federal border agency is developing administrative sanctions to give it more flexibility to deal with people who arrive at the border with cannabis in the era of legal recreational use.

Since Oct. 17, adults in Canada have been allowed to possess and share up to 30 grams of cannabis, but bringing the drug into the country continues to be illegal, carrying a penalty of up to 14 years in prison.

If you are carrying cannabis upon entering Canada, it must be declared to the border agency. Otherwise, you may face arrest and prosecution, the Canada Border Services Agency says.

Wed
23
Jan

Nanaimo-based Tilray to buy Natura for up to $70M, doubling cannabis cultivation capacity

Tilray Inc. has inked a deal to buy Natura Naturals Holdings Inc. for up to $70 million, a move which roughly doubles the licensed cannabis producer’s domestic cultivation capacity.

Under the agreement announced Tuesday, the Nanaimo-based company will acquire Natura’s 61,500-square-metre greenhouse cultivation facility, of which 14,400 square metres is licensed.

 

Tilray chief executive Brendan Kennedy said Natura, a licensed cultivator under the Cannabis Act through a wholly-owned subsidiary in Leamington, Ont., was selected after an “extensive and thorough search for the right supply partner.”

Wed
23
Jan

Is now the time to buy Canopy Growth Corp. (TSX:WEED)?

The significant pullback in the cannabis sector should not have come as a surprise to anyone. What is surprising is that there are so many people who believe that stocks without earnings can go up indefinitely without any sort of downturn. But now that there has been some moderation in the stock prices of these companies, investors need to ask themselves whether they should stay away or if it is time to get in.

Wed
23
Jan

Is this Aurora Cannabis Inc’s (TSX:ACB) response to Canopy Growth Corp’s (TSX:WEED) latest U.S. hemp investment?

There’s a new scramble for the recently federally legalized U.S. hemp market by Canadian marijuana firms, with leading cannabis grower Canopy Growth announcing its plans for a massive hemp investment in New York State on January 14.

Incidentally, on the very same day Aurora Cannabis’s (TSX:ACB)(NYSE:ACB) spin-off Australis Capital (TSXV:AUSA) released news of a US$3 million investment into one of America’s largest integrated hemp outfits, Folium Biosciences.

Tue
22
Jan

How marijuana’s CBD works in the body according to science

Marijuana’s CBD and THC are the two most famous cannabinoids present within the marijuana plant. CBD differentiates itself from THC because it’s non-psychoactive and it also has a large impact on a therapeutic level. For this reason, CBD has been a large area of interest for scientists and researchers who have uncovered some of the most valuable properties for the cannabinoid.  

Tue
22
Jan

What Lexaria Bioscience’s milestone deal with Altria could mean for the cannabis market

In December, the Altria Group decided the timing was right to enterthe growing global cannabis industry, making with bombshell investment of $1.8 billion into Cronos Group  (CRON[NSD] - $14.90 0. (0.00%)    Trade ). The deal resulted in the tobacco giant taking a 45% stake in the Canadian cannabis operator with an option to own a majority stake.

Tue
22
Jan

New study shows joints waste 300 percent more THC than dabs

Dabs getting you higher than joints is not a new concept in the United States. In fact, they rose to popularity in the US when headlines touted their potency with unsubstantiated claims that one dab was as strong as five joints. While the act of consuming concentrates has become common among American cannabis users, hardly any available research exists on the subject due to federal prohibition.
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Tue
22
Jan

Canopy Growth set to become the 'global titan' of cannabis: CIBC report

Canopy Growth Corp. in Smiths Falls is poised to dominate the global cannabis industry, a new report says.

The CIBC World Markets report compares the cannabis industry to both the gold rush and the development of the internet and the automobile. Only a few companies will live up to the “lofty expectations” of many and dominate the global market, said the report from the investment banking arm of the Canadian Imperial Bank of Commerce.

“We believe that Canopy Growth represents the industry’s best chance at a global titan.”

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