Marijuana Politics

Synonyms: 
congress
senate
police
obama
rand paul
political
Wed
02
Oct

Cannabis Canada: Pot industry adds $8.26B to Canada’s GDP

Canada’s cannabis sector contributed $8.26 billion to the country’s gross domestic product as of July, a steady increase from the $7.02 billion last October when recreational cannabis was legalized, according to new data published by Statistics Canada on Tuesday. The StatsCan figures also show Canada's legal cannabis industry has grown by a whopping 185 per cent in the first 10 months since recreational marijuana was legalized. The black market’s cannabis output has fallen by 21 per cent in that same time, according to StatsCan estimates.

Wed
02
Oct

What does ‘Cannabis 2.0’ mean for Canada’s pot industry?

Get ready Canada, cannabis 2.0 is coming!

About one year after cannabis dried flower and oils were first legalized in October, a new wave of products will be hitting store shelves in December.

These products include 1) cannabis-infused foods and drinks, called edibles and drinkables, 2) concentrates that can be used with vaporizers, and 3) topicals, such as ones made from cannabidiol (CBD), a non-psychoactive component of cannabis.

Expectations for these new products are huge.

Tue
01
Oct

Sask. Court of Appeal upholds tossing drug charges

The province’s top court has agreed with a judge who tossed out 10 drug charges against a man because the wheels of justice moved too slowly.

Arrested in June 2013, Jeremy Mark Lemioer’s trial was set for June of 2017. But in a decision ahead of that trial date, Court of Queen’s Bench Justice Richard Elson determined a four-year delay was unreasonable and directed a stay of proceedings against the then-34-year-old Regina man. The Crown appealed.

But in a recently released decision, the Saskatchewan Court of Appeal rejected the Crown’s argument.

Tue
01
Oct

Disqualified Ontario pot shop applicants to appeal dismissal

The 11 disqualified cannabis store applicants in Ontario who had their case dismissed last Friday are appealing the decision and asking the court to suspend allocating any licences to future pot shops again, a lawyer representing the group said.

Lawrence Gridin, a lawyer from Brauti Thorning LLP who represents the group, confirmed to BNN Bloomberg in a phone interview that the law firm filed documents at Ontario’s Court of Appeal and plans to ask for an interim stay of the court’s ruling from Friday.

He declined to provide further comment on the group’s plans for appeal.

Mon
30
Sep

Ontario court dismisses case of 11 disqualified pot shop applicants

A legal battle launched by a group of 11 disqualified pot shop applicants in Ontario has been dismissed by a panel of judges, according to a court filing obtained by BNN Bloomberg.

Lawyers representing the disqualified applicants argued that their clients didn’t receive fair process when they were notified that they won the lottery.

The three judges overseeing the notice for judicial review – Justice David Corbett, Justice Katherine Swinton and Justice Robbie Gordon – ruled to dismiss the application brought forward by the disqualified applicants.

Mon
30
Sep

Ontario explores end of wholesale cannabis business: Sources

Ontario is exploring the possibility of no longer running the province’s wholesale cannabis distribution business, according to several people familiar with the matter, a move that could substantially lower prices of legal pot in the province. 

Ontario, which is Canada's biggest market for legal pot, will begin consultations with various industry members to pursue a Saskatchewan-like distribution model where licensed cannabis producers will ship directly to retailers, the sources said. An announcement could come as early as next week, the sources added. 

Mon
30
Sep

U.S. pot banking bill may hurt Canada exchanges

The advancement of the SAFE Banking Act indicates it won’t be long before U.S. stock exchanges open up to cannabis listings, a potential blow to Canadian bourses that have carved a lucrative niche for pot.

The U.S. House of Representatives voted 321-103 last week in favour of the Secure and Fair Enforcement Banking Act, which would allow banks to do business with legal cannabis companies. Currently, the industry is forced to conduct many transactions in cash because of its lack of access to the banking system.

The bill now faces the more difficult hurdle of the Republican-controlled Senate, but most industry analysts believe a version of it will pass by next year.

Mon
30
Sep

Feds' foot-dragging over cannabis edibles will delay sales, says producer

Federal red tape and foot-dragging on approving makers of edible cannabis will see months-long delays in the products reaching stores, a Calgary chocolatier said Thursday.

A spokeswoman with Alberta’s cannabis regulator also voiced frustrations about the process.

City businessman Brad Churchill said he’s been waiting for a licence allowing him to infuse chocolate with cannabis at his Calgary factory since applying for it in late July.

The owner of Choklat said he received a reply from Health Canada but no licence this week, and fears the time it takes to receive it and approval for such things as packaging will push back the actual sales date for his products to March or April.

Fri
27
Sep

Canada’s current cannabis blues highlighted by third suspension

A third Canadian cannabis company has had its trading licence suspended following the recent fiasco with Ontario-based producer CannTrust.

Evergreen Medicinal Supply’s licence to grow and sell cannabis has been suspended by Health Canada, following an inspection of the British Columbia firm’s facilities in August, reports BNN Bloomberg.

It reports a Health Canada spokesperson as saying the suspension is a result of non-compliance, and designed to ‘protect public health and safety, including preventing cannabis from being diverted to the illegal market’.

Thu
26
Sep

Marijuana Legalization: House Passes SAFE Act in US

Imagine operating a legitimate marijuana business in the US without banking support. You couldn’t accept card payments or wire money to your suppliers. Paying employees or tax through your banking account would also be out of the question.

The above is an unfortunate reality for legitimate cannabis businesses operating in the US. They have no choice but to conduct business in cash. According to Bloomberg, states that have legalized recreational cannabis collected $1.3 billion in related tax last year, and are expected to collect $1.9 billion this year.

Pages

Subscribe to RSS - Marijuana Politics