


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…

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. …

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,…

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…

Aurora Cannabis reports $75.1M Q2 loss as revenues fall by 10 per cent
EDMONTON – Aurora Cannabis Inc. reported a $75.1 million loss in its most recent quarter as its net revenue and quantities of cannabis sold also dropped. The Edmonton-based pot company says its second quarter loss was an improvement from the…

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,…

Black entrepreneurs outnumbered in cannabis sector that poses structural challenges
TORONTO – When cannabis was headed toward legalization in Canada, Edmonton entrepreneur Keenan Pascal noticed people from every walk of life entering the industry. Four years later, the chief executive of cannabis manufacturing business Token Naturals said the now established…

Health-care professionals in Canada request psilocybin for training
About 80 health-care professionals from across the country are challenging Health Canada's decision to reject their applications to use restricted psychedelic drugs as part of training in psilocybin-assisted psychotherapy. The professionals — including doctors, psychologists, clinical counsellors, social workers and…

Ontario to allow cannabis delivery, curbside pickup on permanent basis
TORONTO – The Alcohol and Gaming Commission of Ontario says cannabis retailers in the province can offer delivery and curbside pickup services on a permanent basis. The move is meant to make the two sales avenues pot stores were first…

Supreme Court agrees to examine constitutionality of Quebec cannabis law
OTTAWA – The Supreme Court of Canada will weigh the constitutionality of a Quebec law that forbids the growing of cannabis for personal use. Four years ago the federal government legalized recreational cannabis, allowing people to grow up to four…

New York City revival plan includes tourism, clean streets, pot sales
NEW YORK (AP) — After two years of the pandemic battering New York City, Mayor Eric Adams is hoping to steer his city toward an economic revival by luring tourists back, beautifying the streets and embracing New York’s looming legal…

Feds look to change cannabis drink regulations so Canadians can buy more at a time
TORONTO – The federal government is eyeing regulatory changes that could allow Canadians to purchase a greater number of cannabis beverages without exceeding public possession limits. A proposal shared this month in government publication Canada Gazette would change how the…

CannTrust to change name as it exits creditor protection with new majority investor
VAUGHAN, Ont. – CannTrust Holdings Inc. plans to change its name after exiting creditor protection, with its subsidiary receiving $17 million in financing from a group of investors led by a Netherlands-based private equity investment company. The beleaguered Ontario-based cannabis…

Cannabis company Hexo hit by one-time charges, reports $690.3M net loss
Hexo Corp. reported a net loss of $690.3 million as it recorded $616 million in one-time impairment charges in its latest quarter as it worked to turn around the cannabis business. The Gatineau, Que.-based pot company spent its second quarter…



