Category: Cannabis

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Ontario Government Announces Cannabis Retail Rules

October 22, 2018

Ontario has now passed Bill 36: Cannabis Statute Law Amendment Act, 2018 (Bill 36), which sets out the government’s updated approach to the regulation of recreational cannabis. Bill 36 introduces the Cannabis Licence Act, 2018 (Licence Act), which governs the regulation and licensure of private cannabis retailers and amends the legislation making up the previous regime, including the Cannabis Act,…

Just in Time for Legalization, Federal Government Publishes Proposed Cannabis Excise Duty Rates

September 26, 2018

The federal government recently gave royal assent to the Budget Implementation Bill, 2018, No. 1, which amends the Excise Act, 2001 in order to implement a new framework for the taxation of cannabis. The new rules effectively place cannabis producers within the existing rules that currently apply excise duties on tobacco, wine and spirits producers under the Excise Act, 2001…

Senate Approves Canada’s Cannabis Act with Dozens of Amendments

June 11, 2018

On June 7, 2018, the Senate passed Bill C-45, Canada’s cannabis legalization bill, the Cannabis Act (Bill), but not before making a number of amendments. The Bill will now return to the House of Commons, where members of Parliament must decide whether to accept, reject or revise over 40 amendments that the Senate made to the Bill. The majority of…

Blakes Cannabis Roundtable

May 17, 2018

Join us for discussions around the current landscape and trends of the cannabis industry in Canada as we approach the legalization date. Hear from thought leaders on the state of the market, best practices for marketing and branding and the impact legalization will have on capital markets. For more information about legal trends to watch, please read our 2018 Legal…

CRA Publishes Excise Duty Guidance and Licence Applications for Cannabis Producers

May 16, 2018

On May 14, 2018, the Canada Revenue Agency (CRA) published its first guidance for cultivators, producers and packagers of cannabis products, as well as the application forms for excise duty licences and the cannabis excise stamping regime. The CRA has also committed to publishing at least one additional excise duty notice to explain how the proposed additional cannabis duty, which…

Cannabis Update: B.C. Rolls Out Cannabis Legislation and Retail Branding

April 27, 2018

On April 26, 2018, British Columbia released proposed legislation to provide for legal, controlled access to non-medical cannabis. The B.C. Liquor Distribution Branch (LDB) concurrently announced that, once legalized, public cannabis stores and online retail sales of non-medical cannabis will operate under the brand “BC Cannabis Stores.” ROLLING OUT PROVINCIAL LEGISLATION Bill 30 proposes the enactment of the Cannabis Control…

Securities Regulators Tell Aurora and CanniMed to Play by the (New) M&A Rules

March 26, 2018

The Financial and Consumer Affairs Authority of Saskatchewan and Ontario Securities Commission (together, the Commissions) recently released the highly-anticipated reasons for their decision relating to the unsolicited take-over bid (Aurora Offer) by Aurora Cannabis Inc. (Aurora) to acquire CanniMed Therapeutics Inc. (CanniMed). The decision is the first time since the new take-over bid rules were adopted in 2016 that the…

2018 Federal Budget: Excise Tax on Cannabis

March 2, 2018

On February 27, 2018, the Minister of Finance introduced Canada’s 2018 Federal Budget (2018 Budget), which looks to implement the excise duty framework for cannabis that was proposed in November 2017 (see our November 2017 Blakes Bulletin: Federal Government Proposes Excise Duties for Cannabis Producers). The duty will generally apply to all products available for legal purchase, which at the outset…

Canadian Mergers and Acquisitions: FAQs and 2018 Trends

February 16, 2018

Our Canadian Mergers and Acquisitions: FAQs and 2018 Trends answers frequentlyasked questions regarding the regulation of public M&A in Canada and provides anoutlook for what 2018 may hold based on significant developments we observedfrom the Canadian deal environment in 2017.

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