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Cannabis

A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)
General, Reuters

U.S. extends travel restrictions at Canada, Mexico borders

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Washington | Reuters — The United States on Monday extended restrictions at its land borders with Canada and Mexico through Oct. 21 that bar nonessential travel such as tourism by foreigners despite Ottawa’s decision to open its border to vaccinated Americans. Canada on Aug. 9 began allowing fully vaccinated U.S. visitors for nonessential travel. The […] Read more
(Jushico.com)
Crops, Markets, Reuters

Pot producer Jushi acquires U.S. retailer in cheaper deal

Lack of movement on legalization drops valuations

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Reuters — Cannabis producer Jushi Holdings acquired Massachusetts-based retailer Nature’s Remedy at a cheaper price than initially offered, as valuation of weed companies across North America has dramatically dropped lately. The decline in valuations over the last few months has been largely due to a lack of progress on anticipated federal marijuana reforms in the […] Read more
(Juanmonino/iStock/Getty Images)
Crops, Reuters

Pot producer TerrAscend to buy U.S. rival Gage Growth

Company to pay US$545 million

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Reuters — Cannabis producer and processor TerrAscend will buy Michigan-based rival Gage Growth Corp., backed by prominent cannabis investor Jason Wild, for around US$545 million, the pot producer said on Wednesday. Dealmaking in the U.S. cannabis industry has heated up this year as companies bank on Democrats’ promises to reform marijuana laws and potentially legalize […] Read more
Sergio Rocha, executive director of a cannabis cultivation research project, works in a greenhouse at Brazil’s Federal University of Vicosa on Aug. 18, 2021. (Photo: Reuters/Washington Alves)
Crops, Reuters

Cannabis firms catch whiff of opportunity in Brazil

Canadian producers among those now supplying Brazilian market

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Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated […] Read more
(Creative-Family/iStock/Getty Images)
Crops, Reuters

U.S. Senate Democrats roll out draft bill to legalize weed

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Reuters — Three top U.S. Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to legalize cannabis, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal penalties. The Cannabis Administration and Opportunity Act floated by Senate majority leader Chuck Schumer, […] Read more
Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)
General, Markets, Reuters

Canada to lift more border restrictions in weeks to come, Trudeau says

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Ottawa | Reuters — Canada will further relax border restrictions in the weeks to come as long as the science supports such a move, Prime Minister Justin Trudeau said Wednesday, suggesting Ottawa would move more quickly than initially announced. Trudeau, under pressure to allow non-essential travel from the U.S., was more categorical than he had […] Read more
File photo of the flags of Canada and its provinces and territories at Canada Place in Vancouver. (lilly3/iStock/Getty Images)
General, Machinery, Markets, Weather

Feds launch consultations on next ag policy framework

Programming types, cost-sharing among expected contentious points

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Consultations for Canada’s next agricultural policy framework are officially underway. The five-year framework agreement currently in place, known as the Canadian Agricultural Partnership (CAP), is a $3 billion funding deal between federal, provincial and territorial governments that funds a wide range of programming within the sector. That deal, agreed upon in mid-2017, kicked off in […] Read more

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