Business
As more countries jump on the legal cannabis bandwagon, the opportunities for Canadian cannabis producers to expand to global markets have never been bigger. This is the consensus among industry observers and emphasized at the opening session of the MJBizCon International conference, happening in Toronto this week.
(Editor's Note: What follows is a two-part Grow Opportunity exclusive reporting on First Nations communities' efforts to get a slice of the booming Canadian cannabis market through various business and economic initiatives. Watch for Part 2 next week.)

According to many people with and without First Nations (FN) ancestry, the potential benefits of cannabis industry involvement cannot be overestimated. Simply put, if involvement is properly enabled by the federal and provincial governments and to the appropriate extent, it could mean a sea change for Canada's indigenous people. It's obviously all about long-term and large revenue opportunities, at a time in history when it's still the case, as stated by Allan Adam, chief of the Athabasca Chipewyan FN in northern Alberta on CBC.ca, "so many FN across this country are in such dire straits."
Canadian pets are a few steps closer to getting their paws on cannabis-based medical treatments in Canada as more cannabis companies research marijuana's efficacy for companion animals.
Molson Coors Canada is seeking to disrupt the country's beverage industry by entering into a joint venture to develop non-alcoholic cannabis-infused products that could give it a leg up as more countries move toward legalization.
NanoSphere Health Sciences, the biotechnology company behind the patented NanoSphere Delivery System, has partnered with Delta 9 Cannabis INC to bring products from its cannabis brand, Evolve Formulas, into the Canadian market, a statement from the company said.
PORTLAND, Ore. – Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn't have was access to enough capital to make it all happen.
The Manitoba government has issued a request for pre-qualifications (RFPQ) to expand opportunities for retail cannabis stores in the province, Growth, Enterprise and Trade Minister Blaine Pedersen has announced.
SEATTLE – A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, raising $153 million to expand its operations as Canada prepares to legalize the drug nationwide.
Beleave Inc. has announced its acquisition of 100 per cent of the outstanding shares of Seven Oaks Inc. valued at $3 million, which the licensed producer said would strengthen its distribution arm in the recreational cannabis market.
EDMONTON – Aurora Cannabis Inc. has announced it has agreed to a new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal (BMO).
Under the federal government’s proposed Cannabis Act, jurisdiction over how retail sales are conducted is left to the province and territories. Each province and territory has implemented its own distinct process and the retail environment will differ in each jurisdiction.
It’s down to the wire. Licensed producers have sweated and debated over their branding strategies, in some cases for years, and are now putting their finishing touches on both their product and their overall company launches. There are now about 100 LPs in Canada, and none among them wants to be lost in the sea of products about to hit the Canadian market.
Doug Ford's new conservative Ontario government is creating renewed optimism in the cannabis industry particularly on the prospects of increased private business participation in one of the fastest growing industry in Canada.
Anticipating the large amount of licence applications it will continue to in light of cannabis legalization, the federal government is pushing for a tiered licensing structure to allow for scale-based licensing, according to Eric Costen, director general of the federal government's Cannabis Legalization and Regulation Secretariat.
JUNEAU, Alaska – When Danielle Schumacher attended her first convention of marijuana activists about 15 years ago, she could count on one hand all the women in a room of older men.
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