Recreational pot sales in Alberta likely coming next year, justice minister says

gb123

Well-Known Member
next year.....
whats that again?
ah that'd be NEXT YEAR ,,,(:

Alberta should have regulations in place to allow recreational marijuana sales next year, Justice Minister Kathleen Ganley said Tuesday.

The federal government has vowed to introduce legislation this spring to legalize pot, but Ganley said packaging, distribution, zoning, building codes and other details must be worked out before people can smoke and eat cannabis in the province without breaking the law.

“I’m not sure whether that has yet penetrated the public’s consciousness fully. There’s an enormous amount of work that has to be done,” she said following a speech to the Alberta Association of Municipal Districts and Counties convention in the Shaw Conference Centre.

“We’re preparing to have our decisions made within a year. A little bit more time would be better.”

One concern is ensuring pot products don’t attract children. For example, eating the drug is popular in Colorado, which Ganley visited last fall to see how its legal cannabis system works, so the state insists pot gummy candies can’t be in kid-friendly animal shapes.

She also wants to ensure products contain “reasonable” levels of THC, the chemical responsible for most of marijuana’s psychological impact, and labels are accurate.

“Otherwise, you can get some really unfortunate effects.”

Association president Al Kemmere said his group wants the federal and provincial governments to help municipalities with the increased cost of enforcing bylaws related to the recreational marijuana industry.

Kemmere is a councillor in Mountain View County north of Calgary, site of Alberta’s only medical marijuana production facility, which has zoning approval for a major expansion.

intended to cash in on the country’s looming recreational smoke business, as well as the growing medical field.

Kemmere said his board wants the province to change its rules similar to moves in B.C. so municipalities can derive more taxation from such operations, which are now considered agricultural.

“It’s easy to say we’re going to legalize it, but how do you build the regulations around this? I think it’s going to take a collaboration of all three levels of government.”
 

GroErr

Well-Known Member
I had said something similar a while back, no matter when the legislation is put forth, beginning or end of "Spring of 2017", the logistics and systems need to be put in place by the different levels of government(s), and we all know how fast government moves. If it's in place by "next year" it'll be late 2018 if not early 2019. How does that sit with LP wannabes? ;)
 

CalyxCrusher

Well-Known Member
She also wants to ensure products contain “reasonable” levels of THC, the chemical responsible for most of marijuana’s psychological impact, and labels are accurate.
Reasonable based on what data? Also the word she should have used is psychoactive not psychological as there arent any with people without a clear case of mental illness. How many people experience the unpleasant side effects of alcohol or tobacco daily? Another show of the lack of common sense applied
 

TheRealDman

Well-Known Member
Maybe by then the stocks will have level out to a real world value for these greedbag companies. Because right now they are WAY over valued. I doubt they even turn a profit....just living off stock sales.
ShiTweed Stock down for an 8th consecutive day. They're bleeding cash cuz Canadian MMJ sales suk, so they release $25M in shares (to one guy) to bolster "overseas opportunities", while they await imminent Rec sales....lol! :D


SMITHS FALLS, ON, March 22, 2017

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

SMITHS FALLS, ON, March 22, 2017 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") is pleased to announce that it has completed a private placement with one investor (the "Offering") of common shares (the "Shares"). Pursuant to the Offering, the Company issued 2,500,000 Shares at a net price of $9.70 per Share, for aggregate net proceeds of $24,250,000.

"With the recent addition of Canopy Growth to the S&P/TSX Composite Index, imminent Canadian adult access markets and the awakening of legal cannabis markets in Germany, Australia, Brazil, Israel and elsewhere around the globe, we are entering a very opportunistic period for our business," said Bruce Linton, Chairman & CEO. "This equity financing gives us more resources so we can accelerate into this expected window of opportunity."

The Company intends to use the proceeds of the Offering for capacity growth initiatives as well as general corporate and working capital purposes. No finder's fees were paid by the Company as part of the Offering.

Goldman Holdings Ltd., a company controlled by Canopy Growth board member Murray Goldman, also agreed to enter into a Securities Lending Agreement with the investor to provide free-trading shares in exchange for shares acquired in this Offering which are restricted from trading for a period of four months from the issue date.

The securities mentioned herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The securities mentioned herein have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the securities in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The securities mentioned herein will be offered and sold only to non-U.S. persons in reliance on the "accredited investor" prospectus exemption in Canada.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities. No offer, solicitation, purchase or sale of securities will be made in any jurisdiction, in which such an offer, solicitation, purchase or sale would be unlawful. The private placement remains subject to final acceptance by The Toronto Stock Exchange.

SOURCE Canopy Growth Corporation
http://mobile.tmxmoney.com/quote/readnews/?id=7112305477421861&symbol=WEED


 

The Hippy

Well-Known Member
I simply don't get why anyone figures these arseholes are a good bet....never mind give them 25 million....
BOYCOTT folks....BOYCOTT
I would say it just show the difference in equity between the common man and the rich man.
 

gb123

Well-Known Member
I simply don't get why anyone figures these arseholes are a good bet....never mind give them 25 million....
BOYCOTT folks....BOYCOTT
I would say it just show the difference in equity between the common man and the rich man.
Their price is figured out by a thought up variable.. lol

They have made ZERO PROFIT and it will be many many many years IF they eveer see a profit and THIS IS KNOWN FACT!!!
NO PROFIT
NO PROFIT
NO PROFIT
NO PROFIT
100% FACT!!!!!!!

if investors knew how they arrived at their profit number,,, lol They'd run and never look back..

They are valuating on an assumed price of some figment of their own IMAGINATION... LOL
 
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