Cannabis Professional’s daily roundup of industry news. View archive here.
City councillor wants Edmonton to support consumption lounges
Edmonton city councillor Mike Nickel said he will submit a notice of motion to the city on Tuesday (Nov. 5) to move on the creation of cannabis lounges, which could place the municipality on track to become the first to permit this.
“We have to build businesses for value-added cannabis to thrive. I think that’s the only way we’re going to get the jobs and the economic growth that everyone wants in this sector,” Mr. Nickel said. “It’s not only going to be in the weed, we need value-added products. The conditions are just not there to be a success.”
Edmonton’s retail cannabis bylaw includes the ability to open cannabis lounges, primarily for the non-inhalable products that were legalized in October 2019, but these venues still need to be defined by the city before licences can be issued.
Mr. Nickel’s motion on Tuesday will explore regulations around cannabis lounge operations. “A lot of governments thought this cannabis legalization would be a windfall for the provinces. I would argue this has not happened. That underground market is still alive,” he said. “I’d rather move to the value-added part of the market segment, and maybe that way we can start creating some jobs and generate economic opportunity.”
However, any future cannabis lounges will not permit smoking or vaping, but will likely be establishments where cannabis-infused drinks and foods can be bought and consumed in a social atmosphere, Mr. Nickel said.
– Marcy Nicholson
California industry group wants tighter vaping-safety rules
An alliance of major legal marijuana businesses in California urged the state Monday to adopt tougher safety rules for ingredients and devices used in vaping and get tougher with illegal shops, amid an outbreak of a mysterious illness apparently linked to vaping.The recommendations from the industry group — Legal Cannabis for Consumer Safety — come as health officials continue to investigate a wide range of products and chemicals that could be causing the illness that have sickened over 1,600 people across the United States. Most cases have involved products that contain THC, typically obtained from illegal sources.
In a letter to Governor Gavin Newsom, the group said it's eager to heighten the safety of cannabis vaping while seeing more funds devoted to closing illegal pot shops that number in the thousands in California, home to the world's largest legal pot market.
Among its proposals, the group says regulations should expressly ban the use of additives, cutting agents and artificial flavoring known to be harmful in cannabis vaping products. The group also wants US$10-million added to funds to close illegal retailers. It also recommended more stringent standards for heavy metal testing of vaping hardware — the devices that are used to turn concentrated cannabis oil into a vapor.
The group includes cannabis growers, manufacturers, retailers, testing labs and industry groups, including the California Cannabis Industry Association, vape manufacturer Loudpack, Flow Kana, which distributes cannabis products from small, outdoor farmers, and the online delivery marketplace Eaze.
- Associated Press
Sheona Hurd named ED of Global Cannabis Partnership
The Global Cannabis Partnership said Tuesday it has appointed Sheona Hurd as the industry group’s new executive director. Ms. Hurd is a former executive director of Ontario Lottery and Gaming Corporation, where she led the development and implementation of OLG’s Responsible Gaming program. “Sheona is a passionate leader who brings more than 15 years of experience to the role,” says Lara Wood, board chair, Global Cannabis Partnership and general manager of Cannabis NB. “Her skills gained while leading policy and strategy development for Ontario’s Responsible Gaming program will directly transfer as she oversees our certification process for the Responsible Cannabis Framework to be rolled out in 2020.” The Global Cannabis Partnership is an international non-for-profit organization dedicated to the responsible production, marketing, sale and informed consumption of legal cannabis.
Torguri joins Supreme as VP commercial
The Supreme Cannabis Company, Inc. said Monday that it has appointed Joel Toguri has senior vice-president of commercial. The company says Mr. Toguri, who was previously vice-president of sales at LP Aphria Inc., will establish and oversee the company’s provincial and retail sales strategy across all brands.“Mr. Toguri’s impressive career spans the cannabis, beverage alcohol and apparel industries," said Navdeep Dhaliwal, CEO of Supreme Cannabis. "It is a privilege to welcome a proven and skilled leader to our continuously improving team.” The company says Mr. Toguri’s immediate responsibility will be the launch of Blissco’s CBD oils and building the 7ACRES brand and distribution.our.
Israel’s International Medical Cannabis starts trading on CSE
International Medical Cannabis (IMC), an Israeli medical cannabis operator for nearly a decade, will commence trading on the Canadian Securities Exchange on Nov. 5. This will it the first Israeli medical cannabis operator to be publicly listed in Canada, the company said.
This follows a reverse takeover conducted by IMC Holdings Ltd. that included a private placement offering of subscription receipts for gross proceeds of roughly $20.4-million, the company said.
MediPharm Labs seeks listing on NASDAQ
MediPharm Labs Corp. said Tuesday it has filed an application to list its common shares on the NASDAQ Stock Market. The Company will continue to maintain the listing of its common shares on the Toronto Stock Exchange under the symbol “LABS”. "We are thrilled to be entering the next phase of growth at MediPharm Labs including cross-listing on the NASDAQ, one of the world’s foremost exchanges for emerging markets and technology, such as the burgeoning cannabis sector,” said Pat McCutcheon, CEO, MediPharm Labs. “Listing alongside our peers on the NASDAQ will enhance our visibility and access to a larger base of institutional and retail shareholders in the U.S. and globally.”
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