Article by Danielle Edwards, Investing News Cannabis firm HEXO (NYSE:HEXO,TSX:HEXO) is coming forward with the revelation that it illegally grew cannabis in an unlicensed room in July. After the markets closed on Friday (November 15), the Quebec-based cannabis producer informed investors that a section of one of its production facilities in Niagara, Ontario, was found to be inadequately licensed. This facility belongs to ...

Article by CTV News There was a time just a few short months ago that buying into the world of legal cannabis seemed like a sure thing. But that optimism has gone up in smoke. A major pot stock sell off continued on markets Monday, partially because consumers are less than enthused about legally available cannabis. In theory, the black ...

Article by Max A. Cherney, Market Watch Cannabis companies just suffered through possibly the ugliest week of an ugly year, but they all have excuses. In a flood of earnings reports that pot companies released just ahead of the mandated deadline for quarterly updates, companies proved that they have not been very good at figuring out how to grow, package, ...

Article by Kim Pate, Hamilton Spectator via St. Catharines Standard The first anniversary of cannabis legalization has come and gone — and at least 250,000 Canadians still have a criminal record for past cannabis possession. This is in spite of Bill C-93, which was advertised as a quick way for these Canadians to have the record of their conviction suspended ...

Article by Tzally Greenberg, CTech Canada shot the opening shot in the global cannabis regulation arms race. On October 17, 2018, Canada was the first G7 country to legalize cannabis, an act that seemed like the start of a chain reaction: Germany, the U.K., Denmark, Thailand, Greece, Australia, and New Zealand were only some of the countries that subsequently announced ...

Article by David Yasvinski, Growth Op Mistakes were made. Canadian provinces went their own way when establishing a legal framework for cannabis and some have found considerably more success than others. The Cannalysts, an independent analysis firm, released data this week showing that if Ontario had followed Alberta’s model, the province would have stimulated an extra $325 million in economic ...

Article by Vanmala Subramaniam, Financial Post Canopy Growth Corp. took a surprise $32.7 million hit from returns and pricing changes related primarily to the sales of its oil and soft gel capsule products, resulting in the company’s net revenue plummeting by 15 per cent, quarter-over-quarter, for the period ending Sept. 30, 2019. This is the biggest revenue decline the company ...

Article by Beth Audet, Grimsby Lincoln News via Toronto.com Penalizing improper usage of a personal cannabis licence may prove too challenging in West Lincoln. “Law enforcement is on the outside looking in,” Niagara Regional Police Service 8 District Staff Sergeant Rom DiEgidio told council members when he and Chief of Police Bryan MacCulloch recently presented at committee. It is extremely ...

Article by Amanda Pfeffer, CBC News Canadian cannabis producers are stepping up pressure on the Ford government to speed up the distribution of retail licences in Ontario as poor sales continue to dog the industry. “Our ability to continue to invest and sustain the jobs that we have created is being severely challenged by the province’s current retail cannabis policy framework,” states ...

Article by Emma Spears, Growth Op Canna-tourism was anticipated as an exciting and lucrative form of business before legalization came into force in October 2018. But the continued prohibition on legal consumption spaces is hindering the hopes of wannabe cannabis entrepreneurs from entering the canna-tourism oeuvre — and seriously harshing the mellow of international tourists hoping for a comfortable place to enjoy ...