A look inside the facility of an Ontario Cannabis Store supplier

A look inside the facility of an Ontario Cannabis Store supplier

What Canadas legalization of marijuana means for travelers

Share Share Toronto police to Canadians: stop snitching on your neighbors about marijuana tweet share Reddit Pocket Flipboard Email Roberto Machado Noa/LightRocket via Getty Images The Toronto Police Service has a message for Canadians: Please stop narcing on your neighbors about marijuana.

With the official start of marijuana legalization in Canada on Wednesday, and retail stores opening across the country (although not in Ontario until April), the Toronto police force started a public awareness campaign to inform people that they should no longer snitch on their neighbors about marijuana use.

Some of that public awareness campaign took the form of a few snarky tweets, invoking truly absurd 911 calls (from people asking for directions to asking what to do with frozen meat during a power outage) alongside calls about marijuana as examples of what not to do. The tweets urged people to no longer call the police about an adult smoking a joint, your neighbours pot plants, or [s]melling weed coming from your neighbours home.

It might have a more immediate effect in countries like New Zealand, where the government has promised a legalization referendum by 2020, said John Walsh, of the advocacy group Washington Office on Latin America. Mexico, the Netherlands and Italy are among other nations that have been mulling legalization. To the surprise of many familiar with Amsterdam’s marijuana cafes, Holland has only very limited legalization.

Asking for directions because youre lost is not a 911 call. Reporting an adult smoking a joint isnt either. Cannabis is no longer illegal on October 17, 2018. Consumption is allowed anywhere cigarette smoking is allowed except in a motor vehicle. Do not call police for this ^sm pic.twitter.com/7SoescfLM5

In Alberta, lines snaked around some of the 17 legal shops that opened Wednesday, including an Edmonton branch of Fire and Flower, a company that hopes to open as many as 200 marijuana outlets across the country in the next two years. Fire and Flower Chief Executive Trevor Fencott brought his wife and three children — ages 16, 13 and 6 — for the opening, even though the kids were too young to go inside.

Asking police to call your friend because you are out of minutes is not a 911 call. Calling about your neighbours pot plants isnt either. Cannabis is no longer illegal on October 17, 2018. Up to four cannabis plants will be allowed per household. Do not call police for this ^sm pic.twitter.com/1rUvR9yvcT

Asking what to do with your frozen meat during a power outage is not a 911 call. Smelling weed coming from your neighbours home isnt either. Cannabis is no longer illegal on October 17, 2018. Consumption is allowed for anyone 19yrs or older. Do not call police for this ^sm pic.twitter.com/6aYhbStarS

“They can’t come in the store, but they can see the line, see this important moment in Canadian history,” Fencott said. “Legalization is about daylighting a lot of stuff that used to be in the shadows. Our kids are going to inherit this system, for better or worse, and I thought it was important for them to see this sea change in Canadian society.”

The tweets are funny, but they also speak to the huge change that Canada has brought on. Marijuana has been illegal in Canada for generations. This has shaped peoples views in all sorts of ways, up to enabling neighbors to snitch on each other over cannabis use. Officials across Canada now have to work to change not just the laws, but also the social norms and rules at work here.

“It’s a special moment, not just for Canada, but for the world because my strong conviction is that the rest of the world will follow suit,” said Battley, chief corporate officer at Aurora Cannabis. “We’re not known as wild and crazy. We’re known for good public policy and I think they will follow our lead.”

The 5 Keys to Success for Marijuana Stock Aurora Cannabis

On Wednesday, more than 100 legal marijuana stores opened for business in Canada, supplied by around 120 licensed growers, according to the Associated Press. Hundreds more stores are expected to open in the years to come.

Following Auroras latest purchase, and taking into account its convertible notes, options, and warrants outstanding, it could easily have more than 1 billion shares outstanding by the end of fiscal 2019 in June. Yet, it had just 16.2 million shares outstanding at the end of fiscal 2014. These added shares dilute the value of existing shareholders, as well as make it that much more difficult to turn a meaningful per-share profit. In order for Aurora to truly succeed and prove me wrong, itll need to generate meaningful earnings per share each quarter and reduce its triple-digit forward P/E ratio.

Video: Canada legalizes recreational marijuana, expected to create $4B industry

US threatens to stop Canadian pot businessmen at border

This will allow both Canadians and travelers to the country to legally buy marijuana for recreational use for the first time.

7 Things You Need To Know Today (October 18, 2018)

Theres one major exception: Ontario, Canadas most populous province and where Toronto is located, wont allow sales until April. The newly elected conservative government there said it needs more time after it replaced previous plans for government-run stores (similar to state-run liquor stores in the US) with plans for private outlets. But residents will be able to buy pot online and get it through the mail in the meantime, and grow up to four cannabis plants per residence.

The way Aurora can differentiate itself is twofold. First, itll need to devote some time, effort, and capital to building up its brands. And secondly, itll need to broaden its product line well beyond dried flower, which has shown itself prone to commoditization over time in select U.S. states where adult-use weed is legal. Auroras push into cannabis oils and other alternative products, such as infused beverages, will be crucial to lifting its margins and making every dollar in revenue really count.

The beginning of sales follows the passage in June of Canadas Cannabis Act, which legalized marijuana possession, home growing, and sales for adults (18 and older). The federal government is overseeing remaining criminal sanctions (for, say, selling to minors) and the licensing of producers, while provincial governments are supervising sales, distribution, and related regulations — as such, provinces will be able to impose tougher rules, such as raising the minimum age. In Ontario, for example, the age has been set to 19.

Video: Canada becomes second country to legalise recreational cannabis | Al Jazeera

The move makes Canada the first wealthy nation and the second country in the world to legalize pot for recreational use. Only the South American country of Uruguay legalized marijuana before. (The Netherlands, despite its reputation, has not fully legalized pot.)

Prior to the passage of the Cannabis Act on June 19, marijuana stocks had but one means of quickly and efficiently raising a lot of capital: bought-deal offerings. A bought-deal offering involves the sale of common stock, convertible debentures, stock options, and/or warrants to a single investor or group of investors. Though these capital raises always met their goal, they also substantially increased the outstanding share count of companies that participated in them.

Marijuana is still illegal in the US at the federal level, even though nine states have legalized for recreational use at varying degrees.

But investors have to understand that Aurora is still a long way from hitting this peak production capacity. Its most recent quarterly report suggests that it was operating at a run rate of around 45,000 kilograms a year as of September, with a forecast of hitting 100,000 kilograms of annual run rate by the end of the calendar year. When its fiscal year is complete at the end of June 2019, itll still only be producing an estimated 150,000 kilograms annually.

So Canadas move is drawing a lot of attention around the world. And how it all shakes out could help determine whether legalization in Canada is a sign of things to come across the globe.

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Even if some US states and localities, including the capital Washington, DC, permit medical or recreational cannabis use, the CBP warned the drug remains illegal under US federal law, giving them the responsibility to fight its use and promotion.

Official: It remains illegal to bring marijuana into US

Marijuana stocks stabilized Thursday amid Aurora Cannabis upcoming U.S. stock listing, bullish sales indications in Canada, and another blockbuster pot merger.

After a two-day skid among marijuana stocks, Canopy Growth (CGC), the first pure-play marijuana company to list on the New York Stock Exchange, rose 0.7% in the stock market today. Cronos Group (CRON), the first pot stock to list on the Nasdaq, fell 3.6%. Tilray (TLRY), which joined it in July via the first pure-play marijuana IPO on a big U.S. exchange, picked up 2.9%.

As the worlds first major economy fully legalised cannabis, officials of US Customs and Border Protection (CBP) warned they wont admit anyone arriving with the intent “to aid in the proliferation of the marijuana business”.

The New York Stock Exchange approved Aurora Cannabis listing on Wednesday, the same day that legal recreational marijuana sales began in Canada. Aurora will join rival Canadian marijuana producer Canopy Growth on the exchange. Shares will start trading Oct. 23 under the ticker ACB.

Amid growing acceptance across the country of the drug, on January 4 Sessions rescinded standing federal government policies to tolerate the stance of state and local governments, declaring “a return to the rule of law”.

Dont Buy Into Cronos Stock Just Yet

Aurora Cannabis CEO Terry Booth said in a statement that the listing shows its “commitment to all stakeholders as we continue advancing domestic and international growth initiatives, which includes expanding our base of global institutional and retail investors.”

Canada may have legalised recreational marijuana but executives of the countrys booming cannabis industry need to be aware they are not exactly welcome south of the border in the United States.

The company over the past year has acquired and invested its way into expanding. It has absorbed large companies like MedReleaf and ICC Labs, a cannabis company in South America. It also has a 17% stake in the Green Organic Dutchman, another Canadian cannabis grower that received a medical sales license from the government this week.

Here are the most popular marijuana stocks as Canada becomes the largest country to legalize pot

Aurora, in the statement, also said it would do more research into developing “novel, higher-margin” product.

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The company on Thursday received some early high marks from an analyst after the first day of recreational legalization. GMP Securities analyst Martin Landry, in a research note on Thursday, said Aurora stood out for having an array of products available and “generally strong pricing.”

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Currently, dry buds, joints tinctures and gel caps are available for recreational purchases in Canada. Vaping products and edibles will be available next year. Still, a GMP survey found that customers appeared more than willing to part with their cash Wednesday.

“Customers were anxious to purchase cannabis given the significant media exposure and did not appear too price sensitive which resulted in large basket sizes, approximating $80-$90,” Landry wrote.

Jamaica has joined the ranks of many cities and countries around the world enacting legislation to ban plastic bags and straws—but its taking things one step further. The island nation will be banning plastic bags, drinking straws, AND foam containers by January next year. The environment thanks you, Jamaica. (TreeHugger)

Even as those consumers pack Canadas cannabis shops, analysts and researchers have warned that the nations marijuana industry might not be able to produce enough weed to meet initial recreational demand.

Two marijuana companies, iAnthus Capital Holdings and MPX Bioceutical, said they had agreed to merge in an all-stock deal valued at 835 million Canadian dollars. The combined company will have operations and licenses in 10 states.

Video: Border official: still illegal to bring pot to US

The merged company will join the growing ranks of marijuana stocks with an application to list on the Canadian Securities Exchange. That exchange has become a popular destination for U.S. companies looking to attract investors while cannabis remains federally forbidden in the states.

Video: Border official: still illegal to bring pot to US

The move would come after the blockbuster deal announced by California-based pot cultivator and retailer MedMen Enterprises last week. At that time, MedMen said it would buy PharmaCann, a medical cannabis provider, in a $682 million all-stock transaction.

MedMen on Thursday also said that it would sell three dispensaries to a real estate investment trust called Treehouse. More property will be sold into the trust over the next year.


Posted in Ontario