Category: Cannabis

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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…

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…

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…

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…

Blakes Roundtable: Cannabis

May 2, 2017

On April 13, 2017, the federal government announced much anticipated legislation to legalize and regulate the use of cannabis for recreational purposes. This roundtable brings thought leaders from across the sector in Canada and the U.S., together with Blakes lawyers, who will consider the challenges and opportunities resulting from the legislation and its far-reaching and extensive potential impacts on business….

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