legalization Archives - Page 2 of 3

Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)

Canopy Growth Q4 revenue beats as cannabis sales soar

By Reuters, GFM Network News June 21, 2019

Reuters — Pot producer Canopy Growth reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following Canada’s legalization of recreational cannabis. Marijuana companies in Canada have been pouring cash into their businesses to open stores and expand operations as the list […] Read more

Canopy Growth CEO Bruce Linton applauds after handing Ian Power and Nikki Rose, who were first in line to purchase the first legal recreational marijuana after midnight, their purchases at a Tweed retail store in St John’s, N.L. on Oct. 17, 2018. (Photo: Reuters/Chris Wattie)

Crops, Markets, Reuters

Cannabis tax revenue below projections in early months

By Reuters, GFM Network News June 20, 2019

Ottawa | Reuters — Canada’s federal and provincial governments earned $186 million in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data showed on Wednesday, after two major provinces cut their revenue forecasts. Statistics Canada found Ottawa collected a combined $55 million in revenue via federal excise […] Read more

Crops, Reuters

Pot firm Canopy’s loss widens as spending surges

By GFM Network News November 14, 2018

Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend […] Read more

Crops, Reuters

Sober start as recreational marijuana becomes legal in Canada

By GFM Network News October 18, 2018

Toronto/Vancouver | Reuters — Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities like Toronto and Vancouver, where stores are not yet open. The day was historic for the country as Canadian adults can now legally smoke recreational […] Read more

Crops, Reuters

Regulator finds cannabis company disclosures inadequate

By GFM Network News October 10, 2018

Toronto | Reuters — A Canadian regulatory group said on Wednesday that it had found that the level and quality of disclosure by cannabis companies was insufficient. The Canadian Securities Administrators (CSA), which conducted a review of disclosure practices of 70 Canadian and U.S. cannabis producers, said some companies were inconsistent in complying with Canadian […] Read more

The legalization of cannabis is expected to create thousands of new jobs — from production workers to office staff. Shown here is an Ontario marijuana facility. (Photo: Reuters/Blair Gable)

Crops, Markets, Reuters

Aurora Cannabis plans U.S. stock listing in October

By Reuters, GFM Network News September 20, 2018

Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. states have also legalized marijuana […] Read more

Crops, Reuters

Recreational marijuana sales in Canada face fresh delays

By GFM Network News February 16, 2018

Ottawa | Reuters — The sale of legalized recreational marijuana in Canada, which has already been pushed back once beyond the planned July start date, is set to be delayed even further, government officials said Thursday. The ruling Liberals are sparring with the upper Senate chamber, where a draft law is currently under review. Critics […] Read more

Crops, Reuters

Marijuana can only go on sale months after federal law passes

By Reuters, GFM Network News February 6, 2018

Ottawa | Reuters — Recreational marijuana in Canada will only go on sale a few months after it is legalized later this year because the new retail system needs time to start working properly, Health Minister Ginette Petitpas Taylor said Tuesday. The Liberal government says the new law must be in place by July 1 […] Read more

Crops, Markets, Reuters

Constellation hedges bets on pot boom with Canopy stake

By GFM Network News October 30, 2017

Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer and spirits producer to invest in legal cannabis. The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing […] Read more

Plants seized at an illegal grow op in the RM of Fisher, Man. in February. The proposed federal Cannabis Act would limit home production of cannabis to four plants per residence at a maximum height of 100 cm per plant. (Photo courtesy Fisher Branch/Peguis RCMP)

Crops

Feds introduce cannabis legalization bill

By Grainews Staff, GFM Network News April 13, 2017

The federal government is set to decriminalize cannabis possession and use and to allow limited home-grown pot plants starting in mid-2018, while sticking close to the existing licensing system for wholesale-level production. The government on Thursday introduced the Cannabis Act, which will allow adults — that is, ages 18 and up — to legally possess […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

Tag Archives legalization

Canopy Growth Q4 revenue beats as cannabis sales soar

Cannabis tax revenue below projections in early months

Pot firm Canopy’s loss widens as spending surges

Sober start as recreational marijuana becomes legal in Canada

Regulator finds cannabis company disclosures inadequate

Aurora Cannabis plans U.S. stock listing in October

Recreational marijuana sales in Canada face fresh delays

Marijuana can only go on sale months after federal law passes

Constellation hedges bets on pot boom with Canopy stake

Feds introduce cannabis legalization bill

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