Canada’s federal government accounts for a growing share of the unpaid debts racked up by failed cannabis companies, lending credence to claims the nation’s nascent adult-use industry is suffering from pricey fees and heavy taxation. A review of recent insolvency filings by MJBizDaily found that the Canada Revenue Agency, the federal tax collection body, and Health Canada, the … [Read more...] about Canadian government among top unpaid creditors of failed cannabis businesses
Canada
Aurora Launches Innovative Infused Pre-Rolls with 50%+ THC for Medical Cannabis Patients on AuroraMedical.com
EDMONTON, AB, Aug. 1, 2023 /PRNewswire/ - Aurora Cannabis (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, has launched its first high-potency infused pre-roll for medical cannabis patients, with more than 50% total THC. Sourdough Shortcuts, launched under the San Rafael '71 brand, are infused with pure live resin THCA diamonds, delivering 50-56% … [Read more...] about Aurora Launches Innovative Infused Pre-Rolls with 50%+ THC for Medical Cannabis Patients on AuroraMedical.com
Piapot First Nation opens cannabis store in Regina
(L to R) Chief Mark Fox, Councillor Marilyn Kaiswatum, Councillor Everet Sayer and Councillor Crystal Crowe help cut a ribbon during the Piapot First Nations grand opening of their Cannabis store on Angus street on Wednesday, July 19, 2023 in Regina. KAYLE NEIS / Regina Leader-Post While Reginans have certainly noticed the number of cannabis stores operating in the city, what … [Read more...] about Piapot First Nation opens cannabis store in Regina
Canadian government to start testing legal, illegal marijuana
A new Canadian government initiative will see federal cannabis regulator Health Canada randomly buy and test legal cannabis products – as well as illegal marijuana sourced from law enforcement agencies – “for comparative analysis.” Health Canada said its laboratory could test for THC and CBD levels, “specific analytes of interest,” and contaminants. The new government … [Read more...] about Canadian government to start testing legal, illegal marijuana
Marijuana grower Canopy eyes share consolidation after Nasdaq warning
Canadian cannabis producer Canopy Growth plans to seek approval to consolidate its shares after the Smiths Falls-based company was notified by the Nasdaq that it does not meet the stock exchange’s listing standards. Maintaining a minimum bid price of at least $1 per share is one of the Nasdaq’s listing requirements. However, the closing bid price of Canopy’s shares has been … [Read more...] about Marijuana grower Canopy eyes share consolidation after Nasdaq warning
Canadian Study Examines Potency, Duration of Joints
Researchers at DELIC Labs recently published a study analyzing how the size of ground cannabis flower in today’s cannabis joints can impact a consumer when smoking. DELIC Labs was founded by Dr. Markus Roggen and Professor Glenn Sammis in 2018 as a licensed cannabis and psilocybin research laboratory that “seeks to add fundamental scientific insight to the field of cannabis and … [Read more...] about Canadian Study Examines Potency, Duration of Joints
Afroman Runs Into Trouble At Canadian Border After Agents Catch Him With Cannabis
Afroman has run into some legal trouble while at the Canadian border, and it should come as no surprise that the issue involves Cannabis. The “Because I Got High” rapper ran into a bit of a snafu when he was trying to cross back over to the United States on Tuesday (June 20), with U.S. Border Patrol sources telling TMZ that Afroman and his crew were detained while trying to … [Read more...] about Afroman Runs Into Trouble At Canadian Border After Agents Catch Him With Cannabis
Group opposes ‘fire sale’ of troubled cannabis retailer Fire & Flower
Fire & Flower was riding high on Oct. 17, 2018, when legal adult-use cannabis sales began in Canada. (Photo by Kelsey McMillan) A syndicate of parties including the second-largest shareholder of Fire & Flower Holdings Corp. is opposing a proposed stalking-horse agreement between the cannabis retailer and its largest shareholder, an affiliate of convenience store … [Read more...] about Group opposes ‘fire sale’ of troubled cannabis retailer Fire & Flower
Employees vote in favour of Manitoba’s first ever cannabis collective agreement: union
Over 100 cannabis workers in Manitoba have voted overwhelmingly in favour of signing a new collective agreement, making it the first of its kind in the province. United Food and Commercial Workers (UFCW), the union representing employees at ten The Joint locations across Manitoba, said the new 30-month agreement addresses numerous concerns including safety, rates of pay and … [Read more...] about Employees vote in favour of Manitoba’s first ever cannabis collective agreement: union
Cannabis firm TerrAscend sells head office in Canada for under asking price
TerrAscend Corp., a North American cannabis operator, has sold its head office in Mississauga, Ontario, for 19.7 million Canadian dollars ($15 million). The transaction appears to be below the asking price of CA$24.23 million, according to a listing on the real estate website Zolo that shares the same address and square footage as the former TerrAscend headquarters. The sale … [Read more...] about Cannabis firm TerrAscend sells head office in Canada for under asking price
