Category: Cannabis

Page: 1 of 3Page 1 de 3123

B.C. Announces Key Policies Relating to the Legalization of Recreational Cannabis

December 6, 2017

On December 5, 2017, the British Columbia government unveiled details on how recreational cannabis will be purchased, distributed and sold in the province, once legalized, which is expected to happen in July 2018. The B.C. government’s decisions follow the province’s consultation with nearly 50,000 British Columbians, 141 local and Indigenous governments and a range of other stakeholders. POLICY DECISIONS The…

Health Canada Releases Proposed Regulatory Framework for Cannabis

November 22, 2017

On November 21, 2017, Health Canada launched a public consultation on the much-anticipated regulatory approach for the proposed Cannabis Act, which will legalize and regulate the use of cannabis for recreational purposes (see our April 2017 Blakes Bulletin: Federal Government Introduces Cannabis Legislation for more information). The consultation paper (Paper) outlines a regulatory approach that builds on the significant consultations…

Alberta Introduces New Legislation to Regulate Recreational Cannabis

November 17, 2017

On November 16, 2017, the Government of Alberta introduced Bill 26, An Act to Control and Regulate Cannabis (Bill), which contains the proposed regulatory framework for recreational cannabis sales in Alberta. The Bill seeks to amend the Gaming and Liquor Act (GLA) to govern the purchase, distribution, sale and consumption of recreational cannabis in the province and proposes a hybrid…

Quebec Introduces New Legislation to Regulate Recreational Cannabis

November 16, 2017

On November 16, 2017, the Government of Quebec tabled Bill 157, an Act to constitute the Société québécoise du cannabis, to enact the Cannabis Regulation Act and to amend various highway safety-related provisions (Bill), before the National Assembly of Quebec, to establish regulations governing the sale, distribution, cultivation and use of cannabis in the province. More specifically, the Bill constitutes…

Federal Government Proposes Excise Duties for Cannabis Producers

November 13, 2017

On November 10, 2017, the federal department of finance issued long-awaited legislative and regulatory proposals for the taxation of cannabis. Effectively, the proposed rules will place cannabis producers within the existing rules that currently apply excise duties on tobacco, wine and spirits producers under the Excise Act, 2001 (Canada) (Act), with modifications as applicable. These rules include a new tax…

Provincial Cannabis Regimes Come Into Focus

November 10, 2017

Closely following the introduction of Ontario’s recent cannabis legislation, described in our November 2017 Blakes Bulletin: Ontario Introduces New Legislation to Regulate Recreational Cannabis, new details have emerged regarding the plans of the governments of New Brunswick and Manitoba to govern the sale of cannabis in their provinces. Plans for the Government of Alberta are expected to be released next…

Ontario Introduces New Legislation to Regulate Recreational Cannabis

November 3, 2017

On November 1, 2017, the Ontario government introduced Bill 174, Cannabis, Smoke-Free Ontario and Road Safety Statute Law Amendment Act, 2017 (Bill) in the Ontario legislature, to establish regulations governing the sale, distribution, cultivation and consumption of cannabis in the province. In particular, the Bill seeks to enact the Cannabis Act, 2017 (Cannabis Act) and Ontario Cannabis Retail Corporation Act,…

Protecting Cannabis Strains in Canada: A Growing Concern

October 26, 2017

Entrepreneurs and investors are quickly seeking to capitalize on what has been coined the “Green Rush” to the cannabis market. Those who finance, develop, produce and sell cannabis or cannabis derivatives should be cognizant of the intellectual property rights that are available in such products, as well as the risks of violating the rights of others. Plant breeders’ rights (PBRs),…

CSA, TSX Address Treatment of Canadian Reporting Issuers with U.S. Cannabis-Related Business Activities

October 17, 2017

On October 16, 2017, the Canadian Securities Administrators (CSA) and the Toronto Stock Exchange (TSX) released staff notices regarding their respective treatment of issuers with cannabis-related activities in the United States. Canadian reporting issuers with U.S.-related cannabis activities have long been uncertain of their treatment by the CSA and the TSX given the conflict between U.S. federal and certain state…

Cannabis M&A: Overview of Strategies for Buying or Selling a Business

October 10, 2017

As Canada gears up to legalize cannabis for recreational use (expected by July 2018), companies operating in the sector and those in ancillary markets are looking to raise capital to fund their business plans and expected expansions, some with an eye on opportunities to raise public capital for growth through acquisition. A significant milestone for many companies in a growth…

Page: 1 of 3Page 1 de 3123