Canadian Pot Firm Tilray Goes Global With Novartis Marijuana Deal

Tilray has signed a global partnership with a division of Swiss drug giant Novartis to develop and distribute its medical marijuana in legal jurisdictions around the world.

The Canadian pot firm said Tuesday it’s reached an agreement with Sandoz to boost the availability of medical cannabis products globally, building on an existing alliance with Sandoz Canada. The two companies will work together to commercialize Tilray’s non-smokable medical marijuana offerings, co-brand certain products, develop new products and educate pharmacists and physicians about pot. Continue reading “Canadian Pot Firm Tilray Goes Global With Novartis Marijuana Deal”

Vancouver, Canada’s Marijuana Capital, Struggles to Tame the Black Market

In the pot-friendly city of Vancouver, illegal marijuana dispensaries outnumber Starbucks outlets, and among the most popular is Weeds, Glass and Gifts. There, in a relaxed space reminiscent of the coffee chain, jovial “budtenders” sell coconut chocolate bars infused with marijuana and customers smoke powerful pot concentrates at a sleek dab bar. Continue reading “Vancouver, Canada’s Marijuana Capital, Struggles to Tame the Black Market”

Police Officers in Ottawa Will Be Permitted to Consume Cannabis Off-Duty

Police officers in Ottawa, Ontario will be allowed to consume cannabis while off-duty once recreational marijuana is legalized later this month, according to a report from the CBC. The Ottawa Police Services Board adopted a new fit-for-service policy to govern cannabis-use by officers at its meeting on Monday.

Deputy Chief Steve Bell said that the policy is similar to the guidelines already in place for the use of other substances that may affect work performance. Continue reading “Police Officers in Ottawa Will Be Permitted to Consume Cannabis Off-Duty”

Canada Estimates $1 Billion in Legal Cannabis Sales in First Three Months

Statistics Canada, the organization behind Canada’s census and hundreds of other crowdsourced data collection programs, is predicting that the country’s legal cannabis sales could reach as high as $1.02 billion from the commencement of the retail market on October 17 through the end of the year. Continue reading “Canada Estimates $1 Billion in Legal Cannabis Sales in First Three Months”

TGOD and Aurora Cannabis Extend Agreement

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”)(TSX:TGOD)(US:TGODF) announces it has agreed with Aurora Cannabis Inc. (“Aurora”) (TSX:ACB) to extend Aurora’s exercise deadline of its first milestone option (the “Milestone Option”) under the TGOD Aurora Investor Rights Agreement by 6 weeks to October 12, 2018. The first Milestone Option entitles Aurora to acquire an additional 8% of the common shares of the Company. Continue reading “TGOD and Aurora Cannabis Extend Agreement”

After Cannabis, Canadian Government Won’t Decriminalize Any Other Drugs

Despite the legalization of cannabis currently underway in Canada, the country will not be decriminalizing any other drugs, according to a government official. Thierry Belair, a spokesman for Health Minister Ginette Petitpas Taylor, told the CBC that the federal government has no plans for further decriminalization. The government announcement comes amid calls from major Canadian cities to remove criminal penalties for the consumption and possession of small amounts of drugs. Continue reading “After Cannabis, Canadian Government Won’t Decriminalize Any Other Drugs”

U.S. Marijuana Companies Go Public in Canada

Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen.

So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went public in Canada, where marijuana soon will be broadly legalized nationwide. Continue reading “U.S. Marijuana Companies Go Public in Canada”

Canadian Cannabis Producer Tilray Makes History on the US Stock Exchange

Tilray, one of the largest licensed producers of cannabis in Canada, made history today, becoming the first cannabis grower to complete an initial public offering on a US stock exchange.

After the Nasdaq listing went live, Tilray stock price rose more than 20%, raising $153MM.

Continue reading “Canadian Cannabis Producer Tilray Makes History on the US Stock Exchange”

Ontario’s Disability Support Program Will Not Cover Medical Marijuana

The Disability Support Program in Ontario, Canada is refusing to cover medical marijuana under the Ontario Drug Benefit Program. And the failure to provide coverage, according to the CBC, is forcing some patients to seek relief from chronic pain with powerful opiates instead. Injured workers covered by the Ontario Workplace Safety and Insurance Board have recently been denied reimbursement for medicinal cannabis costs, as well. Continue reading “Ontario’s Disability Support Program Will Not Cover Medical Marijuana”

Canadian Life Insurance Companies Stop Categorizing Pot Users as ‘Smokers’

Life insurance companies in Canada are becoming more accepting of cannabis, and many firms have stopped categorizing pot users as smokers. Joan Weir, the director of health and disability policy for the Canadian Life and Health Insurance Association, told the CBC that many companies are no longer penalizing light users and “have moved to a model whereby as long as it was two or less per week then you would not be a smoker.” Continue reading “Canadian Life Insurance Companies Stop Categorizing Pot Users as ‘Smokers’”