Reading Time: < 1 minute Ottawa | Reuters –– The Canadian government and the 10 provinces on Monday settled a disagreement on how to split the revenues from a proposed federal tax on the sale of marijuana once the drug is legalized, Finance Minister Bill Morneau said. Morneau told reporters that for an initial two years, 75 per cent of […] Read more
Feds, provinces end dispute on how to split pot tax revenues
StatsCan to add marijuana economic impact to GDP data
Reading Time: < 1 minute Ottawa | Reuters — As Canada gears up to legalize recreational marijuana, the country’s statistics agency said on Tuesday it will begin measuring the economic impact of the current illegal use and production of the drug and add it to growth data. Statistics Canada said it will begin tallying the production and sale of cannabis […] Read more
Incredible hemp opportunity
Could the time be right to add hemp acres to your rotation?
Reading Time: 7 minutes For more than 20 years, advocates have promoted industrial hemp as a near-perfect crop for Canada’s farmers. A source of fibre for construction, plastics and textiles, not to mention the myriad food uses for its grain and oil, hemp’s potential is extraordinary. It has sparked interest and even excitement in the marketplace with promises of […] Read more
Constellation hedges bets on pot boom with Canopy stake
Reading Time: 2 minutes Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer and spirits producer to invest in legal cannabis. The move by the maker of Corona beer and Svedka vodka comes as Canada and a growing […] Read more
Toronto exchange may delist marijuana firms with U.S. operations
Reading Time: 2 minutes Toronto | Reuters — Canada’s TMX Group, operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the U.S., where their operations are illegal under federal law. TMX disclosed its plans as Canadian securities regulators said companies must disclose any connection to the U.S. marijuana […] Read more
Post-secondary cannabis credentials on offer
Reading Time: 2 minutes Degree and diploma aggies interested in producing commercial cannabis and/or hemp will be able to get college-certified starting next year. Niagara College announced Tuesday it will launch a graduate certificate program in commercial cannabis production in 2018, a program it bills as Canada’s “first post-secondary credential” in the crop’s production. Niagara picked up approval this […] Read more
Pot farmers needed
With a projected $22 billion in sales, Canada’s new cannabis market is generating a very heady kind of buzz in farm circles
Reading Time: 9 minutes Working in total darkness, Thaddeus Conrad carefully feels his way up a nearly vertical set of stairs before switching on a single green light. The bulb casts a weak, eerie glow, revealing a room packed with heavily budded marijuana plants. But there’s nothing clandestine about the hazy light or the darkness, it’s simply great crop science […] Read more
Hothouse produce grower to devote site to marijuana
Reading Time: 2 minutes Canada’s only publicly traded greenhouse produce-growing company plans to put up one of its British Columbia greenhouses for a new venture in cannabis production. Vancouver-based Village Farms announced Tuesday it has partnered with Victoria-based medical cannabis producer/processor Emerald Health Therapeutics in a 50/50 joint venture to grow cannabis for medical use and, pending changes to […] Read more
With demand, deregulation, ‘opportunities abound’ for hemp
Reading Time: 2 minutes CNS Canada — Aggressive contracting in the hemp sector is expected to bump up Canadian acres — another benefit for growers who will experience less red tape this year. “We’ve seen a lot of activity on the contracting side for growers,” said Kim Shukla, executive director of the Canadian Hemp Trade Alliance at Steinbach, Man. […] Read more
Marijuana firms look to get creative with brand building
Reading Time: 2 minutes Ottawa | Reuters — Canadian marijuana companies, facing potential limits on advertising for recreational pot, are selling health food products and cultivating a lifestyle image to win customers in an anticipated multibillion dollar market. Canada is set to become the first G7 country to legalize recreational marijuana nationally when it introduces legislation next spring. Medical […] Read more
A message from April Stewart, Country Guide's Associate Editor
