GENERAL

$1 billion in cannabis revenues a ‘high estimate’: Blair

 

Title: Amid Marijuana Boom, Costs Leave Analysts Dazed and Confused

Author: Bloomberg

Date: 13 November 2017

URL: https://www.bloomberg.com/news/articles/2017-11-14/amid-marijuana-boom-cost-data-leave-analysts-dazed-and-confused?mc_cid=9bd2e85375&mc_eid=178dec0b63

Extract: The pending margin squeeze comes as investor optimism over recreational sales has sent valuations soaring. Canopy Growth Corp., the country’s first marijuana unicorn with a market cap of more than C$3 billion ($2.36 billion), has seen its share price rise more than 70 percent in the past 12 months, while Aurora Cannabis Inc. more than doubled. MedReleaf Corp. is up more than 70 percent since its June debut.

 

TAX

Canadian Government Proposes $1 Per Gram Federal Cannabis Tax

 

ALBERTA

Title: Private stores will sell cannabis in Alberta; province will handle online sales

Author: Calgary Herald

Date:  11 November 2017

URL: http://calgaryherald.com/news/politics/private-legal-marijuana-stores-online-government-sales-planned-for-alberta/wcm/a706dc39-b7d6-425a-86a4-9c2935fe497d

Extract: 

The province had been mulling over whether or not to set up publicly owned marijuana stores — a particularly thorny question for the union-friendly NDP government.

Ultimately, it rejected the idea.

Last month, the Alberta Union of Provincial Employees adopted  a resolution supporting the public control of marijuana sales.

 

QUEBEC

Title: Quebec prepares to table cannabis legislation bill

Author: CTV News Montreal

Date: 13 November 2017

URL: http://montreal.ctvnews.ca/quebec-prepares-to-table-cannabis-legislation-bill-1.3676487

Extract: Quebec is preparing to table its bill on marijuana legalization.

The bill could be tabled as early as Wednesday, and it will answer key questions surrounding issues including the legal age limit, how it will be sold, and what the rules will be for drivers.

The legal age for consuming cannabis is expected to be 18.