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New York state clamps down on businesses offering marijuana as a ‘gift’
NEW YORK (AP) — While New York works on launching a legal market for recreational marijuana, some entrepreneurs dove into a legal grey area by saying they're not selling pot but giving it away while people buy something else. Now,…
Thailand one step closer to decriminalizing marijuana
BANGKOK (AP) — Thailand on Tuesday moved one step closer toward being the first Asian nation to decriminalize marijuana, after its health minister signed a measure officially dropping cannabis from a list of controlled drugs. The delisting will mean all…
Princeton facility gets green light to grow magic mushrooms
Health Canada has approved a magic mushroom facility in the Similkameen. Optimi Health Corp currently has two 10,000 square foot facilities located in Princeton’s industrial park. Now that Health Canada has granted the company with a dealer’s licence, the buildings…
Cannabis has contributed $43.5 billion to Canada’s GDP since legalization: report
TORONTO – Cannabis has boosted Canada's gross domestic product by $43.5 billion, including $13.3 billion in Ontario since recreational pot was legalized in October 2018, says a new study. The report released Tuesday by Deloitte Canada and provincial pot distributor,…
Hexo receives warning from Nasdaq after non-compliance with bid requirements
GATINEAU, Que. – Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it is not in compliance with minimum bid price requirements. Gatineau, Que.-based Hexo became non-compliant with the requirement when its closing bid price…
Failing to flower: B.C.’s promise as a craft cannabis hot spot still stunted
British Columbia has been a mecca for cannabis enthusiasts and growers long before the product became legal in Canada in 2018. But the underground pillar of the province’s economy hasn’t flourished despite the hard-fought battle for legitimacy, industry advocates say. …
‘Slap in the face’: Province says it won’t act against unlicensed pot shops on reserves
More than three years after marijuana legalization, the provincial government has confirmed that it won't take action against unlicensed pot shops operating on First Nations land without their permission. A recent letter from the B.C. Minister of Public Safety Mike…
Thailand first in Asia to move to decriminalize marijuana
BANGKOK (AP) — Thailand on Tuesday became the first country in Asia to approve the de facto decriminalization of marijuana, though authorities have left a grey area around its recreational use. Health Minister Anutin Charnvirakul announced that the Narcotics Control…
Splatsin cannabis store closing; band leadership blamed for oversaturated market
A Splatsin cannabis store owner says she's closing her business due to the oversaturation of pot shops on the reserve and holds the Band's leadership responsible after it failed to put any regulations in place. Splatsin member River Johnson says…
This Kelowna mini-storage project will eat carbon with its walls made out of hemp
In an environmentally sensitive world it’s not unusual for developers to tout the fact that their projects will have low carbon footprints. Vancouver-based Ulmus Development Ltd. CEO Don Redden is going a step further and is trying to create a…
Hexo unveils expected savings from strategic plan, facility reconfiguration
GATINEAU, Que. – Hexo Corp. says it expects its new strategic plan to reduce selling, general and administrative expenses by about 30 per cent by the end of fiscal 2023. The Gatineau, Que.-based cannabis company says its plan, which was…
More people in B.C. driving while high since legalization: study
Cannabis is being detected in twice as many injured drivers since it was legalized says the findings of a University of British Columbia study. The UBC study showed that the amount of cannabis in a driver's blood following an injury…
Cannabis companies facing ‘crossroads’ selling off stores, farms and warehouses
TORONTO – Cannabis companies are selling off growing facilities, stores and warehouses as they try to better align their offerings with demand. Industry observers say demand for cannabis is high, but there are so many assets available for sale right…
Kelowna, Kamloops pot shops still pay big bucks as Vernon reduces licence fees
The City of Vernon has reduced its sky-high business licences costs for cannabis stores, but pot shops in Kelowna and Kamloops aren't so lucky. After lobbying from cannabis stores, the City of Vernon voted unanimously yesterday, Jan. 10, to bring…
Tilray to amp up push for more market share after reporting $6M net income in Q2
The scores of new entrants to the cannabis market combined with plunging prices have resulted in an "unsustainable" situation, Tilray Inc. executives say, but one they feel their company can weather. Blair MacNeil, president of the cannabis company's Canadian business,…