Lawsuit Alleges RCMP Wrongfully Raided Medical Cannabis Grow-Op, Then Destroyed Plants
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Canadian Cannabis Stocks Pop On U.S. Legalization Push And Gamestop-Style Short Squeeze
Shares in a number of cannabis companies have been on fire this week.
Shares in Canadian-based cannabis companies are surging this week partly because of a flurry of short sellers covering their bets against the stocks, right as U.S. lawmakers seem to be getting more serious about potentially legalizing the drug.
Three of the four biggest companies in the space — Tilray, Aurora Cannabis and Aphria — have seen their stock prices rise by between 30 and 40 per cent in the past two days. A fourth major player, Canopy Growth, is only up by about 10 per cent.
According to Chris Damas, president of cannabis consulting firm BCMI Research, the main catalyst for the run-up is a so-called short squeeze, whereby Wall Street investors that had been betting against the sector have had to buy up the shares en masse to cover their bets as momentum shifts back in favour of the shares.
– Read the entire article at CBC News.
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Lack Of Legal Cannabis In B.C.’s ‘access Deserts’ Is Helping Illicit Market Thrive, Retailers Say
12 municipalities, including Surrey, Burnaby, Richmond and Delta, still don’t have a storefront for legal weed.
Across a large swath of B.C.’s South Coast, there lies an area cannabis industry insiders have dubbed an access desert. It’s a group of municipalities that — two years after legalization — still doesn’t have legal cannabis retailers within its boundaries.
Twelve municipalities — Whistler, West Vancouver, Richmond, Delta, Burnaby, Coquitlam, Pitt Meadows, Surrey, the Township of Langley, the City of Langley, Abbotsford and Hope — still don’t offer local access to legal cannabis, according to the provincial government.
– Read the entire article at CBC News.
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‘You can grow the best cannabis to its absolute potential and then completely ruin it when you harvest it’.
Under a cloudy October sky, freelance photographer Sean Berrigan looks over his crop of organic outdoor cannabis plants while considering when the best time to harvest will be.
“There’s a little bit of an issue sometimes growing outside, especially in our climate here on the East Coast,” Berrigan said. “We live in a very humid and damp environment so humidity — or high humidity — can be stressful and can be challenging for some growers.”
– Read the entire article at CBC News.
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Consultation documents show health officials have serious concerns.
There’s a sharp divide between health officials and business groups on whether or not the Ford government should allow cannabis lounges and cafes, and broaden the number of places pot can be sold.
CBC Toronto obtained the results of the government’s consultation — conducted earlier this year before COVID-19 forced the province to declare a state of emergency — through a freedom of information request. You can read all 850 pages of feedback at the bottom of this story.
The province is considering two major changes to the current cannabis landscape:
– Read the entire article at CBC News.
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Dynaleo acquired production licence.
A new cannabis-infused gummy producer near Edmonton is set to be the largest in the country.
Dynaleo received its production licence from Health Canada last week. The company has a 26,000-square-foot warehouse in an industrial park just south of the city.
“The next phase of that would be getting our sales licence which we’re currently very excited about,” said Kristy Skwaruk, Dynaleo’s director of people and culture.
– Read the entire article at CBC News.
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However, province advises anyone pursuing this type of business to consult a lawyer.
An Okanagan-based catering company is pairing cannabis with fine local food, similar to how many restaurants and catering companies offer wine pairings.
Stratus Cannabis Catering operates in customers’ homes, so as to offer a safe space for guests to consume cannabis, according to chef Brent Pillon, who co-owns the business with his wife Jenna.
When told of the arrangement, however, the province of B.C. advised caution, pointing out the sale of non-medical cannabis is only permitted by licensed retailers. It recommended anyone wishing to pursue this type of business consult a lawyer.
– Read the entire article at CBC News.
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Several councillors want to see provincial or federal governments handle cannabis odours.
West Nipissing has decided not to outlaw the smell of legally grown cannabis.
Municipal council voted down a proposed bylaw Tuesday night that would have required anyone growing cannabis to control the odour.
“People are going to have to get used to the smell of cannabis. The same way we got used to the smell of asphalt and traffic and cars and stuff,” said West Nipissing councillor Jeremy Seguin.
– Read the entire article at CBC News.
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Cannabis May Be Legal, but One Northern Ontario Town Wants to Pass a Law Against Smelly Pot Plants
Town council to debate proposed bylaw at meeting next month.
One northern Ontario town is looking for a way to make smelly cannabis plants illegal.
West Nipissing council wants to draft a bylaw to regulate the odour from the four marijuana plants each Ontario resident is legally now allowed to grow.
Councillor Lise Senecal put the issue on the table after getting complaints from several residents in Sturgeon Falls.
– Read the entire article at CBC News.
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Nutritionist shares this healthy cookie recipe to help tackle out-of-control snacking during pandemic.
Maybe it’s because you’re making snacks all day for your kids, or because your home office is now three metres from your kitchen — whatever the reason, if you’re having trouble keeping the urge to snack under wraps, you’re not alone.
With this in mind, registered holistic nutritionist Brittany Gordon has come up with a live webinar to help you get a handle on your quarantine nutrition, lower stress and find your groove in this new normal.
“This is stressful … and one thing I’m noticing with my clients is that they’re really starting to get anxious about the food choices that they’re making,” Gordon told Alan Neal on All In A Day last week.
– Read the entire article at CBC News.
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