People who knowingly possess illegal pot are subject to a maximum fine of $5000 or a maximum of six months in prison as well as possible penalties under the law. You can receive a ticket for trafficking (with the ability to obtain a maximum 14 years in prison) if it occurs involving a small amount of marijuana.

HYTN Innovations Inc.’s subsidiary HYTN Cannabis Inc., has awarded a license amendment by Health Canada allowing for the sale of cannabis extract, edible cannabis, and cannabis topical products to provincially and territorially authorized retailers.

National sales of HYTN's cannabis-infused sparkling beverages had already begun through a partnership agreement with Emerald Health Therapeutics Inc. (Click here for Benzinga article)

Subsequently, Emerald announced a change in business strategy that would result in the winding down of all cannabis related activities, including its partnership with HYTN.

Social media advertising bans and a lack of government support mean cannabis tourism is struggling to get off the ground, say researchers and operators.

Picture the lush green vineyards, gourmet food and the meandering wine tasting tours of California’s Napa Valley. Now replace wine with weed and California with Canada — and ask yourself the question, suggest researchers in a recent study, could the Great White North become a Mecca for cannabis tourism? 

On Oct. 17, 2018, Canada’s federal government passed bill C-45, legalizing the cultivation, processing, selling, and possession of up to 30 grams of cannabis for recreational use. 

Growth of canopy trees. Pot is being marketed as Canada’s first unicorns by Canopy (CGC). Because Weed is sponsored by rapper Snoop Dogg, its product is arguably the most recognized.

Researchers have found the recent success of Canadian cannabis tourism has both normalized a formerly "deviant" leisure activity and opened the door to other potentially lucrative forms of cannabis-related tourism, such as complete growing, consuming and experiencing tours.

During the last year, we have consistently covered how research analysts at broker-dealers have been lowering price targets and ratings on Canadian Licensed Producers (LPs). (article originally appeared on Technical420)

These changes have been primarily related to lowering sales expectations, shirking profit margins, and rising net losses. In the near future, we do not expect any changes to the current trend in Canada as analysts have lowered sales forecasts by hundreds of millions of dollars for Canadian cannabis producers. 

Two of investors' all-time favorite cannabis companies released quarterly results last week. Canada-based Aurora Cannabis (NASDAQ:ACB) and Canopy Growth (NASDAQ:CGC) have made investors rich in the past. Both had an early mover advantage in the Canadian medical cannabis market. However, the last couple of years have been a roller-coaster ride. Besides some of their own mistakes, external headwinds like regulatory challenges in Canada delayed the opening of legal stores, which slowed down growth for these cannabis specialists.

TORONTO, Feb. 15, 2022 /CNW/ - The White Ash Group Inc. ("White Ash Group" or the "Group") is pleased to announce the initiation of a recruitment partnership with Hifyre™ Inc. ("Hifyre"), the Digital Retail and Analytics Platform of Fire & Flower Holdings Corp. ("Fire & Flower"). The agreement extends through April 2022 during a planned period of rapid growth for Hifyre's development team.

Aurora is seeing medical cannabis profit margins in excess of 60%.

Aurora Cannabis  (ACB) - Get Aurora Cannabis Inc. Report is leaning into its profitable medical cannabis business, both at home in Canada and internationally, while it looks for acquisition opportunities. 

The Canadian cannabis company isn't waiting for federal legalization of the drug in the U.S. Instead, officials on the company's earnings call this week focused on medical cannabis growth opportunities in the European Union. 

“We believe the growth story over the next several years in cannabis will be that of international medical and recreational, and we expect a domino-like effect as acceptance grows," Chief Executive Miguel Martin said.