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Vancouver police raid drug ‘compassion club’ for trafficking
A Vancouver "compassion club" that had been funded by the British Columbia government has been raided by police on allegations of drug trafficking. Vancouver police said Thursday that search warrants were served at the Downtown Eastside offices of the Drug…
Orchids, veggies and beer: pot producers pivot in tough market
When Miguel Martin first visited Bevo Agtech Inc.’s Langley, B.C., greenhouse, he saw potential bursting from every corner. Hundreds of trays of tomato seedlings stretched away under the glow of LED lights. Baskets of blossoming flowers hung from the rafters.…
Government review of Cannabis Act drags despite ‘sense of urgency’ from pot industry
TORONTO – When Canada legalized recreational cannabis in 2018, there were still many unknown implications for health care, industry and the country at large. So the government made a promise: after three years, it would review the law to ensure…
From high flying to burnout, pot industry faces downturn five years post-legalization
When Abi Roach thinks about the 20 years she spent fighting for Canada to legalize cannabis, she says pot legislation is like a clenched fist. The analogy, which Roach first heard from a former Toronto councillor, represents the tight grip…
After troubled start, New York is shaking up its legal marijuana market with new competitors
RAVENA, N.Y. (AP) — New York officials launched legal recreational marijuana sales by promising many of the first retail licenses to people with past drug convictions, hoping to give people harmed by the war on drugs a chance to succeed…
Police seize more than 500 cannabis plants from Merritt basement
RCMP in Merritt have unplugged an illegal basement cannabis grow operation. Officers executed a search warrant at a property on Panorama Drive in rural Merritt on Oct. 5, according to an RCMP media release. More than 500 cannabis plants and…
Cannabis Act review finds companies struggling to profit, health experts supportive
OTTAWA – A review of the federal legislation that paved the way for the legal recreational use and sale of cannabis says companies in the legal market report struggling to realize profits and maintain financial viability. Retailers cite the burden…
Cannabis seller Tilray broadens footprint in the brewery business, closing deal with Anheuser-Busch
The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge…
Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year ago
LEAMINGTON, Ont. – Tilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent. The cannabis company, which keeps its…
Federal Court ruling sets back health workers seeking psilocybin mushroom access
VANCOUVER – Megan McLaren thought her future career was in law enforcement, but her path radically shifted thanks in part to psychedelic drug therapy, she says. McLaren left a civilian position with the Vancouver Police Department in 2019 for a…
Aurora Cannabis to raise $33.8M in share offering, plans to repay convertible debt
EDMONTON – Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering. The company says Canaccord Genuity has agreed to buy, on a bought…
Canadian pot companies cheer as Senate committee advances cannabis finance reforms
WASHINGTON – Canadian cannabis companies and their investors cheered a Senate committee's decision Wednesday to push forward with measures designed to ease federal financing restrictions on their U.S. counterparts. Executive members of the Senate banking committee voted 14-9 to send…
Judge tosses Okanagan pot shop suit over unlicensed stores on reserve
A BC judge tossed out a claim from 14 cannabis stores which claimed the province's inability to control unlicensed shops on First Nation reservation lands was hurting their business. The 14 businesses from the Shuswap to Penticton launched the suit…
BioSteel creditors list shows company owes millions to the who’s who of sports
SMITHS FALLS, Ont. – BioSteel Sports Nutrition Inc. owes a slew of top-ranking sports teams and leagues millions of dollars. In a preliminary list filed by the sports drink company which obtained creditor protection last week, BioSteel details more than…
The economic roller-coaster of a small Canadian town fuelled by chocolate and cannabis
SMITHS FALLS, Ont. – A small eastern Ontario town that was once known as the province's chocolate capital is preparing for the sweet return of Hershey's. "It's like an old friend coming home after being gone for 15 years," said…