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Kamloops pot shop caught selling to undercover minor

A Kamloops cannabis store was fined after selling to a minor. The 16-year-old customer happened to be undercover, which led to a $7,000 penalty for North Shore pot shop Fiore Fresco more than six months later. BC Liquor and Cannabis…

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Cannabis now allowed on some outdoor patios in BC

The BC government now allows cannabis smoking or vaping on the same outdoor patios cigarette smoking is allowed. Any restaurants, bars, festivals that allow outdoor smoking can now give the OK for cannabis too, according to a provincial government bulletin…

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German man arrested in Russia for allegedly smuggling cannabis gummies

A Moscow court on Wednesday remanded a German citizen into custody after his arrest over possession of cannabis gummies and accusations of smuggling drugs, Russian state news agency Tass said. Patrick Schobel, 38, was detained at Pulkovo airport in St.…

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Cannabis company Canopy Growth reports $216.8M Q3 net loss

SMITHS FALLS, Ont. – Canopy Growth Corp. reported a net loss of $216.8 million in its latest quarter compared with a loss of $264.4 million a year earlier. The cannabis company says the loss amounted to $2.62 per diluted share…

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Aurora Cannabis buys Australian medical pot firm as losses continue

Aurora Cannabis Inc. bolstered its international presence Thursday with a deal to buy the 90 per cent of Australian medical cannabis company MedReleaf Australia it didn't already own. The deal valued the Australian medical cannabis distribution company, formally known as…

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As investors pile into psychedelics, idealism gives way to pharma economics

Money is pouring into the fledgling psychedelic medicine industry, with dozens of startup companies vying to be among the first to sell mind-expanding drugs for depression, addiction and other mental health conditions. While psychedelics are still illegal under federal law,…

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Aurora Cannabis to consolidate shares on a one-for-10 basis

EDMONTON – Aurora Cannabis Inc. has announced a plan to consolidate its shares on a one-for-10 basis. The company says it expects the move will restore compliance with Nasdaq listing rules and ensure the company continues to have access to…