GFM Network News


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People growing too much pot at home, Health Canada warns

Pressure on to prevent abuse of home-grow program

Reuters — Health Canada on Thursday raised concerns about the large quantity of medical marijuana people were growing at home, after its data showed a significant jump in daily average production permitted by health care practitioners. While the practitioners can allow registered patients to grow a limited amount at home for personal use, the regulator’s

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As customers hoard pot brownies, weed firms see lockdown boost

Reuters — Cannabis sales are touching new highs as customers across the U.S. and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and 22, sales of recreational cannabis across California, Colorado, Oregon and Alaska — some of the key U.S. markets — were up 50


File photo of medical cannabis in production. (FatCamera/iStock/Getty Images)

Pot producer CannTrust to destroy $77M in plants, inventory

Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan to regain full regulatory compliance. Health Canada canceled CannTrust’s license to produce and sell cannabis in September, months after it found the company was illegally

(CanopyGrowth.com)

Big Weed hits up Europe hoping for expansion cash

Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export



An unauthorized outdoor cannabis “grow” operation found by RCMP northwest of Winnipeg in August 2013. (Photo courtesy Manitoba RCMP)

Canadians spent $5.7 billion on cannabis in 2017

Ottawa | Reuters — Canadians spent an estimated $5.7 billion on cannabis in 2017, Statistics Canada said on Thursday, with the country on track to legalize recreational use of the drug nationwide later this year. About 4.9 million Canadians between the ages of 15 to 64 purchased both medical and non-medical cannabis last year, the

(CanniMedTherapeutics.com)

Aurora, CanniMed to form Canadian weed giant

Two major players in the Canadian medical marijuana market are set to create one of the world’s biggest pot production firms in a friendly $1.1 billion cash-and-stock deal. Edmonton-based Aurora Cannabis announced an agreement Wednesday in which it will ante up on its previous hostile bid for CanniMed Therapeutics and buy all the shares of

(MLGreenworld.com)

Toronto exchange may delist marijuana firms with U.S. operations

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


Close up of a pile of marijuana bud

Weeding out what is missing

Ontario’s approach to marijuana distribution is full of unknowns and ambiguity

Ontario has become the first province to define how it intends to sell non-medicinal marijuana to the public. Around 150 stores across the province will open and will be operated by a division of the province’s liquor board, the LCBO. Marijuana won’t be sold alongside wine or liquor, but in separate, independent stores, as was

(VillageFarms.com)

Hothouse produce grower to devote site to marijuana

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