Canntab Therapeutics Limited, the leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic applications, is pleased to announce that on Friday, February 28th, 2020 it successfully  received its Cannabis Standard Processing & Sales for Medical Purposes Licences from Health Canada, and that it has closed the first tranche of its non-brokered private placement offering for total gross proceeds of $3,080,000.

Professional wrestler and vocal weed lover Rob Van Dam responded to a fan’s tweet with some very exciting news for fans of the fighter and his substance of choice.

“@TherealRVD needs to drop his own strain,” a Van Dam fan tweeted at the wrestler. “4.20 Denver. It’s happening,” Van Dam replied.

Although he has yet to disclose any further details about the endeavour, fans were highly receptive of the news.

It’s not that startup companies trying to hype up their valuations are dumb. But if they aren’t foolish or deluded, unicorns, in both the weed and the normie world, are deliberately misleading.

Blue Apron, the cook-it-yourself meal-by-delivery startup, floated itself to an obscene only-in-Silicon Valley valuation of $3 billion on the promise that it could ship meals to “99 percent of would-be home cooks.” Spoiler, but blanketing the continent in boxes of food didn’t quite pan out.

Cannabis NB launched believing low prices were not required to succeed in New Brunswick but after consumers taught it a hard lesson on that point, the Crown corporation has adopted a different approach — aggressive price discounting.

And it appears to be working.

Last week Statistics Canada reported legal cannabis sales in New Brunswick in December were $4.1 million, an 18.4 per cent improvement over November. It's the fourth straight monthly increase in sales in New Brunswick, where per capita purchases at government cannabis outlets have overtaken those in Nova Scotia.

In January Cannabis NB's Tom Tremblay credited lower prices - which the agency initially dismissed as unimportant - for much of the improvement.

Just a few steps into the Tweed retail cannabis shop in Osborne Village, potential customers pass by a prominent sign that boasts of THC and CBD-infused drinks, as well as a tall — and currently empty — fridge designed to keep the fizzy offerings cool.

It isn't clear when the high-inducing carbonated beverages will be available at this store, or others.

"The one thing that we didn't quite get right was managing expectations," said Jordan Sinclair, vice-president of communications with Canopy Growth, which owns Tweed and Tokyo Smoke retail stores.

Despite the fact that these drinks have been legal for 2½ months, Canopy-owned companies aren't the only ones without cannabis-infused beverages on store shelves.

Pedestrian fatalities have reached a 30-year high in the U.S. and smartphones, SUVs and marijuana may be to blame.

A new study has found that 6,590 pedestrians were killed in car crashes in 2019, an increase of five per cent from the previous year and up 60 per cent from 2009. That also happened to be the year the first smartphones starting appearing, New York Post reports.

There are plenty of legitimate operators who actually want to help the industry get over these growing pains, create good and safe products, and beat down the illicit market.

It’s been pretty clear over the last year that not everyone has been in the cannabis business to build a thriving new cash crop industry. The stories of startups making claims about growth and sales, enticing investors, then bailing with millions in ill-gotten gains, have become part of the early history of this industry. Business fraud seems almost endemic right now.

The stigma surrounding weed still exists. But it’s the simple fact that recreational consumption has now come to some of the most populous states in the country that attitudes are changing. 

Ah, the good old days. Remember?

Even just a few years ago, you could fire up that joint, or activate that vape, and suddenly you were the person at the party who everybody shunned, even in states where recreational consumption was legal. The smell of marijuana wafting through the kitchen of a host’s house could get you kicked out.

As the coronavirus outbreak wreaks havoc on global stock markets, one company says the unfolding crisis is bound to hit the cannabis industry.

California online vape retailer ProVape said Wednesday the coronavirus is creating issues for industry around the world as Chinese vape manufacturers are being shut down due to their government’s quarantine of millions of people.

The factory shutdowns mean shipments from China of vape hardware such as coils and batteries have dwindled to a “frightening number,” ProVape said.