The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp, and CBD markets, with broader expansion to take place once federal laws change. Crown Baus Capital Corporation announces the Company had acquired a 100-acre investment participation in the Cannabis Science Inc. (OTC: CBIS) Property and Drug Development Projects spread across California and Nevada. In this agreement, it includes cultivation, laboratory, and manufacturing colorado medical marijuana news capabilities. “I am excited to announce our agreement with CBIS. That’s 66,000 sq. ft. we will be building out with CBIS & CBCA over this spring and summer. We are certainly looking to bring that number well over 100,000 sq. ft. over the coming months.
The company’s acquisition strategy is to act as a source of capital to these licensed medical-use cannabis growers by acquiring and leasing back their real estate locations. By selling the property and building to IIPR, and then leasing it back from the company, growers have the opportunity to redeploy the medical marijuana videos proceeds into their company’s core operation and yield a higher return than they would otherwise get from owning their own real estate. MyDx Inc. (OTCQB: MYDX) is a chemical detection and sensor technology company whose mission is to help people Trust & Verify what they put into their minds and bodies. The Company developed MyDx, a patented, affordable portable analyzer that provides real-time chemical analysis and fits in the palm of the user’s hand. The multi-use MyDx analyzer leverages over a decade of established chemical detection technology to measure chemicals of interest. The Company owns a substantial and growing intellectual property portfolio of patents covering its technology. The MyDx AquaDx, OrganaDx and CannaDx sensors are now commercialized, and the AeroDx application is next in line. All sensors will be compatible with a MyDx App that empowers consumers to live a healthier life by revealing the chemical composition of what they eat, drink and inhale. Canopy Growth Corporation (OTC: TWMJF) is a licensed producer of medical marijuana in Canada, Canopy Growth represented an ideal opportunity to conduct R&D and document the tangible benefits of its technology platform with cannabis.
The market for medical marijuana and recreational marijuana is growing rapidly, as lawmakers in more states pass legislation legalizing it. Already, 28 states have medical marijuana laws on the books, and eight states have passed recreational marijuana laws, too. According to the latest research by GreenWave Advisors, those numbers are about to climb significantly.
Where marijuana is legal now
Last November’s election reshaped the marijuana state map. Ahead of the election, voters in only four states (Alaska, Colorado, Oregon, and Washington) had voted to establish recreational markets for adult use of cannabis, and 24 states had passed medical marijuana laws.
As a result of the election, four more states will open up recreational markets — California, Maine, Massachusetts, and Nevada. Another four states passed laws allowing medical marijuana, including Florida.
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Cannabis concentrates come in many forms. Also referred to as dabs their names vary based on the extraction method used, the type of cannabis used, and the consistency. If you’re new to concentrates, many of the words on packages in the extract section of your dispensary may sound confusing. For example, “BHO trim run wax” fills you in on the method used, the type of cannabis and the consistency.
You may have heard of wax. The name wax is given to concentrates that are somewhere between a solid and a liquid. Not all wax is made the same, though. One can be made with butane, and the other could be made with just heat and pressure. The former would be considered Butane Hash Oil or BHO and the latter is made with the Rosin Technique.
It may seem a bit confusing, but we’ll go over every type of cannabis concentrate there is and the differences between them.
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As investors flock to Canada’s burgeoning marijuana sector, Prime Minister Justin Trudeau’s government is signaling recreational pot sales aren’t imminent.
Lawmaker Bill Blair — the former Toronto police chief leading Trudeau’s legalization effort — confirmed a bill is due in parliament this spring, but it won’t be the last hurdle as ample regulatory work remains. The federal government will take its time and work with provinces, territories and cities to build a framework and develop specific regulations, he said.
The government is also looking for ways to control production, distribution and consumption of legalized marijuana, while testing it for quality and keeping it out of the hands of minors, Mr. Blair said.
“We will take as much time as it takes to do it right,” Mr. Blair, the parliamentary secretary to Canada’s justice minister, said in an interview Monday. “I’m pretty reluctant to suggest a specific time frame, frankly, because I don’t know how long this will take in each of our 10 provinces and three territories.”
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SMITHS FALLS, Ont. — The journey to the centre of Canada’s marijuana economy begins on a stretch of country road in eastern Ontario.
It weaves through a patchwork of cornfields and hamlets before settling in Smiths Falls — a town that boasts a stone mill, a Lion’s Club that meets every second Thursday and a factory that grows cannabis by the tonne.
The building on Hershey Dr. looks barren. Weeds sprout between cracks in the asphalt parking lot and its stucco walls betray a painfully dated style of architecture.
For nearly over 40 years, this place manufactured enough Hershey’s Kisses to crown Smiths Falls the “Chocolate Capital of Ontario.” But in 2007, Hershey laid off 600 workers, shuttered the factory and moved it to Mexico.
Today, the plant is home to the Canopy Growth Corporation and its Tweed brand of medical marijuana.
There’s an element of absurdist humour to this: The place that once churned out untold crates of Reese’s Pieces now grows medical marijuana strains with names like Lemon Skunk and Boaty McBoatface.
“The joke never gets old,” says Adam Greenblatt, who’s spearheading Tweed’s expansion into Quebec. “They used to make munchies here and now we induce them.”
Here’s where the joke ends.
Last week, shares in Canopy Growth were trading at $12.69 on the Toronto Stock Exchange, up from $3.15 last July.
Since November, the company has swallowed competitors in Quebec and Ontario in a pair of deals worth an estimated $430 million. As it stands, Canopy is valued at $1.6 billion — making it the most lucrative marijuana operation in Canada.
Now the company wants to break into the largely untapped Quebec market. Last fall, Canopy bought a 90-acre farm outside Drummondville, and Greenblatt is hustling to get more doctors and patients on board with Health Canada’s medical marijuana program.
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