


Canadian pot companies cheer as Senate committee advances cannabis finance reforms
WASHINGTON – Canadian cannabis companies and their investors cheered a Senate committee's decision Wednesday to push forward with measures designed to ease federal financing restrictions on their U.S. counterparts. Executive members of the Senate banking committee voted 14-9 to send…

BioSteel creditors list shows company owes millions to the who’s who of sports
SMITHS FALLS, Ont. – BioSteel Sports Nutrition Inc. owes a slew of top-ranking sports teams and leagues millions of dollars. In a preliminary list filed by the sports drink company which obtained creditor protection last week, BioSteel details more than…

The economic roller-coaster of a small Canadian town fuelled by chocolate and cannabis
SMITHS FALLS, Ont. – A small eastern Ontario town that was once known as the province's chocolate capital is preparing for the sweet return of Hershey's. "It's like an old friend coming home after being gone for 15 years," said…

Psychedelic drug MDMA eases PTSD symptoms in a study that paves the way for possible US approval
The psychedelic drug MDMA can reduce symptoms of post-traumatic stress disorder, researchers reported in a new study published Thursday. The company sponsoring the research said it plans later this year to seek U.S. approval to market the drug, also known…

Health professionals, patients challenge court rejection of psilocybin use in training
A group of health-care workers and patients have turned to Federal Court in an effort to overturn Health Canada's rejection of their request to use a restricted psychedelic drug for professional training. Health Canada turned down the request last month…

Canopy Growth lands creditor protection for BioSteel business, intends to sell brand
Tired of its sports drink business weighing on its books, Canopy Growth Corp. is making moves to shed the division. The Smiths Falls, Ont., cannabis company announced Thursday that it had obtained creditor protection from the Ontario Superior Court of…

Copenhagen mayor urges foreigners to stop buying marijuana at city’s drug oasis following shooting
COPENHAGEN, Denmark (AP) — Copenhagen’s mayor has urged foreigners not to buy weed in the city's Christiania neighbourhood where a 30-year-old man was shot and killed and four others injured two weeks ago due to gang turf wars fighting over…

Mounties eyeing change to recreational cannabis use policy for members
OTTAWA – The RCMP is looking at easing a policy that requires front-line officers and many other employees to refrain from recreational cannabis use for four weeks before duty. A change to the five-year-old policy could bolster recruitment of new…

Canadian pot stocks jump on reports that U.S. may ease cannabis restrictions
TORONTO – Embattled Canadian cannabis stocks jumped this week on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to…

Marijuana recommendation by US health agency hailed as first step to easing weed restrictions
WASHINGTON (AP) — The U.S. Department of Health and Human Services has delivered a recommendation to the Drug Enforcement Administration on marijuana policy, and Senate leaders hailed it this week as a first step toward easing federal restrictions on the…

‘Like Snoop Dogg’s living room’: Smell of pot wafts over notorious U.S. Open court
NEW YORK (AP) — It’s become a stink at the U.S. Open: a pungent marijuana smell that wafted over an outer court, clouded the concentration of one of the world’s top players and left the impression there’s no place left…

Cannabis company Atlantic Cultivation acquires insolvent Tantalus Labs brand
ST. JOHN'S, N.L. – Cannabis company Atlantic Cultivation has acquired the insolvent Tantalus Labs brand. Financial terms of the agreement were not immediately available. The deal includes Tantalus Labs' brands and remaining inventory. Founded in 2012 by Dan Sutton, Tantalus…

Bahamas introduces bills to legalize marijuana for medical and religious purposes
SAN JUAN, Puerto Rico (AP) — The government of the Bahamas has unveiled several bills aimed at legalizing marijuana for medical and religious purposes, joining other Caribbean nations that have taken similar steps. Officials said licenses for cultivation, retail, transport…

Tilray takes full ownership of Truss Beverage from Molson Coors Canada
Cannabis company Tilray Brands Inc. is taking on full ownership of the pot drinks company it ran with Molson Coors Canada. The Leamington, Ont.-based pot firm said Friday that it had signed a deal to acquire the remaining 57.5 per…

Red Lake Nation in Minnesota plans to roll out mobile cannabis dispensary
RED LAKE, Minn. (AP) — The Red Lake Nation in northwestern Minnesota, which opened the state's first recreational marijuana store this month, now plans to roll out a mobile dispensary. Minnesota Public Radio reported that the dispensary, which will resemble…