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Pot industry added nearly $8B to GDP in August

Pot industry added nearly $8B to GDP in August

Cannabis sales in Canada expected to double next year to $3.16B: analyst  Canaccord Genuity cannabis analyst Matt Bottomley expects revenue in Canada’s legal pot sector to more than double next year despite slower-than-expected growth. Bottomley said in a research note to clients that Canada’s cannabis industry should expect $3.16 billion in revenue …

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Ontario business group wants ‘clear timeline’ for cannabis store expansion

Ontario business group wants ‘clear timeline’ for cannabis store expansion

U.S., November 8, 2019 (Marijuana Bussiness Daily)- A group comprised of cannabis industry leaders and experts is calling on Ontario’s government to provide a more complete timetable for when retail stores will be permitted through an open allocation of licenses. So far, the province has used a botched lottery system …

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FDA won’t be hurried to create CBD exceptions amid safety concerns

FDA won’t be hurried to create CBD exceptions amid safety concerns

U.S., November 8, 2019 (Hemp Industry Daily)- A top official for the U.S. Food and Drug Administration (FDA) said the agency is concerned that developing a legal exception for supplements containing CBD could send the wrong message, both to companies interested in entering the market and consumers. Lowell Schiller, the …

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FSD PHARMA SECOND TRANCHE OF PRIVATE PLACEMENT CLOSES, TOTAL OF $4.59 MILLION RAISED AT $20.10 TO DATE, EXTENDS OFFERING

FSD PHARMA SECOND TRANCHE OF PRIVATE PLACEMENT CLOSES, TOTAL OF $4.59 MILLION RAISED AT $20.10 TO DATE, EXTENDS OFFERING

TORONTO, November 4, 2019 – (FSD Pharma Inc.) (CSE: HUGE) (OTCQB: FSDDD) (FRA: 0K9) (“FSD” or the “Company“) announces that it has closed a second tranche of its previously announced private placement (the “Private Placement“), and has now raised total gross proceeds of CAD $4,596,285 from investors, including members of senior management …

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Passengers aboard the Air Canada flight from Toronto to Vancouver found themselves in a unique situation

Passengers aboard the Air Canada flight from Toronto to Vancouver found themselves in a unique situation

Canada, November 8, 2019 (THE CANNABIS INVESTOR)- Foggy Conditions Forced Flight AC 125 to Land at Seattle Airport with Some Passengers Carrying Cannabis and CBD Legal Expert Gives Advice to Canadians on How to Handle an Extraordinary Situation Like This In an unexpected turn of events, over 200 passengers aboard …

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USDA Releases Report On Status Of Canada’s Hemp Industry

USDA Releases Report On Status Of Canada’s Hemp Industry

U.S., September 3, 2019 (Marijuana Moment)- The U.S. Department of Agriculture (USDA) has published a report detailing the status of the legal hemp market in neighboring Canada. The six-page document from Agricultural Attaché Evan Mangino shows that while Canada legalized hemp about 20 years ago—with the U.S. moving to allow …

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Another UK Parliament committee is endorsing the decriminalization of drug possession for personal use

Another UK Parliament committee is endorsing the decriminalization of drug possession for personal use

U.S., November 5, 2019 (Marijuana Moment)- Another UK House of Commons panel is endorsing the decriminalization of drug possession for personal use, in addition to supporting the establishment of safe consumption sites to prevent overdose deaths. The Scottish Affairs Committee said on Monday that after consulting with health professionals, government …

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5 of the biggest surprises that have weighed on the cannabis industry

5 of the biggest surprises that have weighed on the cannabis industry

U.S., November 1, 2019 (The Motley Fool)- It’s been a little over a year since Canada legalized marijuana for recreational use. Oct. 17 also marked the opening of the new cannabis market in Canada that will include beverages and other derivatives, although products won’t be available to purchase until at least December. …

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Medical Marijuana is Finally Legal in Ireland

Medical Marijuana is Finally Legal in Ireland

U.S., June 27, 2019 (MERRY JANE)- Another nation joins the global green rush! Ireland residents suffering from cancer, multiple sclerosis, and epilepsy can soon treat their ailments with legal cannabis. Forget four-leafed clovers. There’s a new emerald-green good luck charm coming to Ireland: legal cannabis. This week, Irish Health Minister …

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Super-Majority of Americans Support Legalizing Marijuana

Super-Majority of Americans Support Legalizing Marijuana

U.S, October 31, 2019 (Washington blade) -A super-majority of Americans, including majorities of Democrats, Republicans, and independents support making marijuana use legal in the United States, according to nationwide polling data compiled by Gallup, first reported by Forbes. Sixty-six percent of respondents endorse legalization, a total that is consistent with …

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