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  • Canadian banks likely to be leery of legal marijuana sellers

    Even as Canada heads toward the legalization of selling recreational marijuana, pot-related businesses are being shunned by some banks that are not willing to take a risk on an industry in which the problems may outweigh the rewards.

    And that could be a sign that banks in the near future will be just as leery of accepting lawful recreational pot-sellers as clients.

    Khurram Malik, an analyst with Jacob Capital Management Inc., which advises on the the global cannabis sector, said banks are likely thinking "until it's a big enough market where we can generate some decent fees, why take on the headache?"


    More: http://www.cbc.ca/news/business/mari...anks-1.3758957

  • #2
    Shares of marijuana companies rise with release of recreational use recommendations

    Publicly traded stocks of Canadian marijuana companies headed higher Tuesday after a federal task force issued recommendations on the sale of recreational pot.

    On the TSX, shares of Canada's largest producer, Canopy Growth — the first pot company with a market capitalization above $1 billion — rose 79 cents, or 7.9 per cent, to close at $10.79, its high for the day..

    Among the smaller companies, Emerald Health Therapeutics shares rose 15 cents, or 12 per cent,to reach $1.40 on the TSX Venture Exchange.


    More: http://www.cbc.ca/news/business/pot-...port-1.3894179

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    • #3
      Marijuana industry gets boost from legalization target date

      Canadian marijuana businesses got a confidence boost from a CBC News report that the government plans to legalize recreational marijuana by July 2018, although big questions remain about how the legal market will work in different provinces. The newly revealed date for the debut of legal cannabis is "exactly along the lines of what we expected," said Neil Maruoka, a stock analyst with Canaccord Genuity who covers publicly traded marijuana companies.
      "Certainly there are some companies with more aggressive expansion plans, and this will give some comfort and clarity on what that path forward is going to be," he said.



      More: http://www.cbc.ca/news/business/mari...date-1.4042599

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      • #4
        Canopy Growth to launch online marijuana store in April

        Canada's biggest publicly traded marijuana company is readying a new online store to hawk its wares, in a move that hints at how legal marijuana sales might soon look.

        Canopy Growth Corp., which owns the Tweed, Mettrum, and Bedrocan brands of medical marijuana, will launch the Tweed Main Street store in the first half of April.



        More: http://www.cbc.ca/news/business/cano...tore-1.4044210

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        • #5
          Pot industry expects Trudeau rebuff on branding and promotion


          The chief executive of Canada’s highest-valued marijuana company expects the government to impose strict regulations on packaging and advertising when it legalizes recreational use.

          Prime Minister Justin Trudeau’s government is expected to unveil its proposed law Thursday, and is set to leave

          many of the details up to provinces. One of the key recommendations of a federal panel was that the government heavily restrict how marijuana is marketed and promoted.



          More: https://www.bloomberg.com/politics/a...-and-promotion

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          • #6
            Police warn organized crime, including the Hells Angels, has infiltrated the medical marijuana market

            Organized crime groups, including the Hells Angels, have managed to obtain legal personal production licences for medical marijuana, only to turn around and illegally sell the product across the country, CBC news has learned.

            Several sources described to CBC how organized crime groups have obtained personal grow licences and are using them to try to hamper police attempts to shut down their operations.

            CBC is not naming the sources, who fear reprisal from criminal groups or worry about interfering in criminal investigations.



            More: http://www.cbc.ca/news/canada/ottawa...rket-1.4067112
            Last edited by Robeco; 04-13-2017, 02:12 PM.

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            • #7
              'Not for the faint of heart': Why getting a marijuana producer licence is a long shot


              The regulatory gates to Canada's legal marijuana regime are open, but only a crack.

              Health Canada has received 1,630 applications for licences to grow or sell medical cannabis as of March 31. Only 43 licences have been approved so far, representing just 2.6 per cent of the total applications.

              The seven-stage application process to obtain a licence is "not for the faint of heart," said Eileen McMahon, who chairs the food and drug regulatory practice at Torys LLP. Compared to other highly regulated industries like pharmaceuticals or medical devices, McMahon said, the rate of regulatory default in Canada's legal marijuana industry is remarkably high so far.



              More: http://www.cbc.ca/news/business/heal...ions-1.4090035

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              • #8
                As provinces seek the 'right' price for pot, how it's sold could matter


                Provincial finance ministers are getting a clear message from the federal government this week: Keep taxes on legal marijuana sales consistently low across Canada, or risk undercutting the government's goal of ending black market cannabis sales.

                But provincial governments may find that enticing consumers to buy legal marijuana over illicit weed will take more than just tweaking tax rates. The question of how provinces allow marijuana to be sold could also play an important role in pricing.

                Legal medical marijuana sold by Health Canada-licensed firms in June cost an average of $9.34 per gram before taxes, according to Brad Martin of CannStandard, which tracks the cost of legal cannabis. The Health Canada regime allows registered clients to make online or telephone orders, which are then delivered by mail.


                More: http://www.cbc.ca/news/business/prov...tail-1.4167735

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