Category: Cannabis

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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…

Alert: Amendments to Cannabis Act Announced

October 6, 2017

The Canadian government’s cannabis legalization bill, Bill C-45, better known as the Cannabis Act (Bill), completed the House of Commons committee process on October 3, 2017. After hearing from a number of witnesses and members of Parliament, the Standing Committee on Health made substantive changes. In particular, the Bill was revised to add edibles containing cannabis and cannabis concentrates to…

Alberta Unveils Cannabis Distribution Plans

October 5, 2017

On October 4, 2017, the Government of Alberta (Province) released its proposed Alberta Cannabis Framework (Framework). The Framework is based on the Province’s four policy priorities: keeping cannabis away from children; protecting public health; promoting safety on roads, in workplaces and in public spaces; and limiting the illegal market for cannabis. Although the Framework does not conclusively settle the issue…

Blakes Cannabis Summit 2017

October 3, 2017

Join leaders in the Canadian cannabis industry for an in-depth look at the legal and regulatory landscape of medical and recreational cannabis. The Blakes Cannabis Summit will feature thought leaders from across the sector in Canada and the U.S., along with Blakes lawyers, who will delve into the latest developments, potential challenges and opportunities that lie ahead for businesses intersecting…

10 Ways to Reduce Cannabis-Related Litigation Risks

September 29, 2017

In addition to the regulatory compliance issues that may arise from the production and sale of cannabis, companies operating in this space face many of the traditional legal concerns, including contractual, employment and privacy litigation, as well as intellectual property and product liability issues. The cost, time and effort expended defending litigation can substantially and directly impact an organization’s reputation…

How the Comeau Decision May Affect Inter-Provincial Distribution of Cannabis

September 12, 2017

A recent appeal regarding the inter-provincial importation of alcohol may have impact on the structure of provincial cannabis distribution in Canada. The appeal of R. v. Comeau (Comeau) is currently before the Supreme Court of Canada (SCC) and could significantly impact the fast-developing legislative and regulatory regimes for recreational cannabis. Licences issued under the Access to Cannabis for Medical Purposes…

Ontario Unveils Cannabis Distribution Plans

September 8, 2017

On September 8, 2017, Ontario unveiled its plan to give the existing Liquor Control Board of Ontario (LCBO) the oversight of retail sales of recreational cannabis in Ontario, upon its legalization in Canada. Sales will be made through new standalone cannabis stores (not combined with alcohol) and through an online ordering service. The announcement is consistent with broad industry expectations…

Cannabis Legalization: Ontario Seeks Public Input to Develop Provincial Laws

July 14, 2017

Ontario’s path towards cannabis regulation took another step forward on July 12, 2017, as the Ontario provincial government released a consultation paper seeking input on how the province should approach cannabis legalization. The consultation paper comes on the heels of the introduction of the federal government’s Cannabis Act in April 2017 (see our April 13, 2017 Blakes Bulletin: Federal Government…

Cannabis, Commercial Real Estate and the Environment — Things to Consider Before You Get Into the Weeds

June 15, 2017

Cannabis legalization has been in the spotlight since Prime Minister Justin Trudeau put the issue on the agenda as part of his 2015 campaign. Details have begun emerging around how cannabis production, sale and consumption will be regulated with the recent introduction by the federal government of Bill C-45, the Cannabis Act (Bill) (for further information, please see our April…

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