


Cannabis company Canopy Growth reports $648 million net loss in fourth quarter
SMITHS FALLS, Ont. – Canopy Growth Corp. says its net loss grew in its most recent quarter as the company continued with an overhaul of its business. The Smiths Falls, Ont. cannabis company says its fourth quarter net loss amounted…

Ontario cannabis regulator wants feedback on rules restricting window displays
TORONTO – The Alcohol and Gaming Commission of Ontario is considering amending regulations that require cannabis stores to ensure pot can't be seen from the exterior of their shop. The provincial body that oversees the licensing of pot shops says…

Cannabis company Canopy Growth sells California facility
SMITHS FALLS, Ont. – Canopy Growth Corp. says it has completed the sale of its facility in Modesto, Calif. The cannabis company is selling some of its facilities as part of an organizational transformation announced last year to help cut…

Cannabis company TerrAscend to list on TSX under TSND ticker
TORONTO – TerrAscend Corp. says it will be listed on the Toronto Stock Exchange next week. The Toronto-based cannabis company says its common shares will begin trading on the exchange under the TSND ticker on July 4. The company behind…

Jersey Shore towns say state’s marijuana law handcuffs police and emboldens rowdy teens
OCEAN CITY, N.J. (AP) — It's summer on the Jersey Shore. For many young people, that means one thing: Party time! But officials and residents of several beachside towns say New Jersey's criminal justice reforms in recent years — such…

Australia first country to let patients with depression or PTSD be prescribed psychedelics
SYDNEY (AP) — Australia is now the first country to allow psychiatrists to prescribe certain psychedelic substances to patients with depression or post-traumatic stress disorder. Beginning Saturday, Australian physicians can prescribe doses of MDMA, also known as ecstasy, for PTSD.…

Montreal police raid illegal magic mushroom store on opening day
Montreal police on Tuesday raided a store selling illegal magic mushrooms on the day it opened to the public. And despite the police operation, company spokesman Edgras Goban said he expects FunGuyz to reopen as planned on Wednesday morning. The…

Experts doubt whether illegal magic mushroom stores will advance drug policy
MONTREAL – Magic mushroom stores are opening illegally across Canada, challenging the country's drug laws, but experts say the illicit vendors are unlikely to radically advance acceptance of the hallucinogenic fungi among authorities — or the public. Psilocybin — the…

HIGH TIMES IN THAILAND: New weed laws draw tourists from across Asia
BANGKOK (AP) — A Japanese tourist reaches into a baggie of cannabis he’s just bought in a central Bangkok weed shop, pulling out a gram of buds to chop down in a small black grinder, before rolling them neatly into…

Shares in cannabis company Canopy Growth plunge after debt reduction plan announced
SMITHS FALLS, Ont. – Shares of Canopy Growth Corp. fell more than 30 per cent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new…

New York prosecutor begins crackdown on illegal cannabis shops with $400K deal with shop owner
NEW YORK (AP) — A New York City entrepreneur who illegally sold marijuana at a dozen shops across Manhattan must pay more than $400,000 in taxes and proceeds from illicit sales of cannabis, as part of a crackdown on the…

Aurora CEO sees compensation rise to $6.7 million amid share slump, cost cutting
EDMONTON – Aurora Cannabis Inc.'s chief executive saw his annual compensation climb about 38 per cent to $6.7 million in the company's latest fiscal year as its stock dramatically fell and it aggressively cut costs. Financial filings from the Edmonton-based…

Albanian Parliament legalizes medical cannabis despite harsh opposition
TIRANA, Albania (AP) — The Albanian Parliament on Friday legalized cannabis for medical purposes in a country once known as a European crossroads for marijuana trafficking. The Parliament voted 69-23 to allow limited and controlled growth of cannabis plants, a…

Minneapolis backs off arrests for psychedelic plant use
MINNEAPOLIS (AP) — Minneapolis is backing away from enforcing laws that criminalize buying psychedelic plants or using them in private. Mayor Jacob Frey late last week ordered police to stop using taxpayer dollars to enforce most laws against hallucinogenic plants.…

B.C. judge allows cannabis ‘fire sale’ to stave off CRA destruction threat
A British Columbia Supreme Court judge has approved the bulk sale of more than 1,200 kilograms of cannabis by a company after the Canada Revenue Agency threatened to destroy it. In a ruling released online this week, the court allowed…



