Share Price Drops as Investors Concerned about Lack of Cannabis Profits – LPC Tilray posted a larger-than-expected loss, though Tilray CEO Brendan Kennedy is not apologizing for a lack of cannabis profits. During Tilray’s second-quarter results announcement after the bell on August 13, Kennedy said spending must continue. “Once in your lifetime, if you’re lucky,…

CannTrust Receives Second Non-Compliance Notice – LPC Weeks after Health Canada stopped cannabis sales from CannTrust’s Pelham, Ont. site, its Vaughn, Ont. has also been found to be “non-compliant with certain regulations.” CannTrust announced in a press release that it has been cited for inadequate security and improper cannabis storage procedures, among other things. The…

“Outside Lands” Largest Legal Cannabis Festival in State So Far – LPC California is taking a bottom-up approach to cannabis festival permitting. Even though cannabis was legalized in the state in 2016, there are regulations. It cannot be consumed in public, and it can’t be sold outside of licensed dispensaries. However, special events can apply…

UK National Health Service Watchdog Says More Proof Needed That Cannabis Epilepsy Treatment Works – LPC Despite pushback from parents, the UK National Health Service (NHS) won’t back a cannabis epilepsy treatment. That’s based on the recommendation of health watchdog National Institute for Health and Care Excellence (Nice). Parents and campaigners said this decision will…

Californian US$3.5 Million Mansion’s Cannabis Open House Features Vapes and Edibles – LPC A real estate agency in Sherman Oaks, California held what it calls the first cannabis open house. Ben Quibrera, a realtor with Rodeo Realty, listed the house for US$3.495 million in the Los Angeles neighbourhood. Rodeo Realty teamed with Society Group PR…

After Bumpy Months, Aphria First LP to Post Cannabis Profits, But Questions Linger – LPC Aphria Inc. announced cannabis profits of $15.8 million for Q4, making it the first licensed producer to post a profit. The company said that its revenues were helped by its purchase of Germany’s CC Pharma for $60 million earlier this…

Consumers Prefer Cannabis Vape Pens while Companies Enjoy Huge Markups – LPC One area that isn’t talked about much in the media with the coming cannabis edibles legalization is cannabis vape pens. Some industry experts say cannabis vaping will be the next growth market for cannabis. Recent business deals seem to back those predictions up.…

Provincial Ban on Cannabis Topicals and Edibles Will Hurt Patients, Says One Woman – LPC When Canada legalizes cannabis topicals, edibles, and extracts on October 17, 2019, Quebec may opt out from many products. Lionel Carmant, junior health minister in ruling Coalition Avenir Québec (CAQ) party, said the ban would be to protect children. Indeed,…

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