Canada Gets Ready for Legalized Recreational Marijuana on Oct. 17

Article 0 Comments Mat Beren and his friends used to drive by the vast greenhouses of southern British Columbia and joke about how much weed they could grow there. Years later, it’s no joke. The tomato and pepper plants that once filled some of those greenhouses have been replaced with […]

Canada’s Intact Financial Not Planning to Insure Recreational Cannabis Industry

Article 0 Comments Don’t expect Intact Financial Corp., Canada’s largest property and casualty insurer, to insure the recreational-cannabis industry anytime soon. “It’s not seen as the pot of gold that we should chase after,” Chief Financial Officer Louis Marcotte said Tuesday at the Bloomberg Canadian Fixed Income Conference in New […]

Canada Delays Sales of Recreational Cannabis in Retail Stores as Legalization Looms

Article 1 Comments Canada’s largest province is delaying the launch of private marijuana sales in bricks-and-mortar stores until April 2019, nearly six months after the drug is legalized for recreational use. Ontario’s Progressive Conservative government said Monday it will start cannabis sales with an online-only retail model when cannabis is […]

Some Recreational Cannabis Products to Remain Banned Under New Canada Law

Article 2 Comments A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use — making it harder for Justin Trudeau to kill off the black market. Edibles, beverages, and pot for vaping are among products that will […]

Canadian Health Insurers Reluctant to Provide Cover for Medical Marijuana

Article 0 Comments Sun Life Financial, Canada’s No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan – more than 17 years after the country first legalized it. The coverage, which requires employers to pay a premium, extends only to a handful of conditions as a […]

Canada’s Evergreen Pacific Insurance Corp. to Buy Natural Health Provider Synergy

Article 0 Comments Evergreen Pacific Insurance Corp. (EPIC), the Toronto-based financial-services holding company, announced it has signed a binding agreement to acquire a majority interest in Synergy Health Services, subject to completion of customary due diligence. Financial details of the transaction were not released. Established in 2012, Synergy Health Services […]

Marijuana Sales to Be Legal in Canada Starting in October: Trudeau

Article 0 Comments Marijuana sales will become legal in Canada beginning October 17, Prime Minister Justin Trudeau said on Wednesday, making it the first major economy to legalize its recreational use. Stocks of marijuana producers, which have rallied in anticipation of legalization, extended gains on Wednesday after the Senate voted […]

Canada Set to Legalize Recreational Marijuana

Article 0 Comments Canada is set to become the first Group of Seven nation to legalize recreational marijuana after a bill from Justin Trudeau’s government won the backing of the upper chamber. The Senate’s approval in a vote Tuesday night in Ottawa clears the way for the final step — […]

Canada on Track to Legalize Marijuana

Article 1 Comments Canada’s marijuana legalization took a big step forward as the Senate passed an amended bill, meaning Justin Trudeau’s government can probably finalize the law and open the market in the next few months. Bill C-45 passed by a vote of 56 to 30 with one abstention Thursday […]