Cannabis
BusinessThe Canadian PressFront companies being used to launder illicit cannabis cash: intelligence agency
OTTAWA — Canada’s financial intelligence agency says a wide range of businesses — from food wholesalers to electronics repair services — are being used to disguise the proceeds of illicit cannabis operations. In a new operational alert, the Financial Transactions and Reports Analysis Centre of Canada, known as Fintrac, warns banks and others that handle cash to be on the lookout for various clues that dealings are linked to the black-market pot trade. Canada legalized the recreational use of can
BusinessThe Canadian PressCanopy Growth to sell Tweed, Tokyo Smoke stores to OEGRC and Four20 owner
Canopy Growth Corp. is getting out of the cannabis retail business with two deals to divest its Tweed and Tokyo Smoke stores. The Smiths Falls, Ont. cannabis company announced Tuesday that it sold all of its stores outside Alberta, as well as the intellectual property for Tokyo Smoke, to OEG Retail Cannabis (OEGRC). OEGRC is run by the Katz Group, which owns the Edmonton Oilers hockey team and previously had a licensee deal to own and operate all of Canopy's franchised Tokyo Smoke stores in Onta
BusinessThe Canadian PressPot sector wants packaging changes, financial relief from Cannabis Act review
TORONTO — Canada’s cannabis industry is hoping a newly launched review of the legislation that paved the way for the recreational use and sale of pot will help the sector stave off more financial difficulties. The statutory review launched Thursday by Health Minister Jean-Yves Duclos and Minister of Mental Health and Addictions Carolyn Bennett will analyze the Cannabis Act, which set purchase and possession limits at 30 grams of dried pot or the equivalent, restricted youth access to marijuana a
