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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
Agriculture and Agri-Food Canada’s Drought Monitor map for the Prairie provinces as of April 30, 2021. (AAFC)
Crops, Weather

‘Extreme drought’ expands in Prairies

Southern Manitoba, southeastern Saskatchewan parched

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MarketsFarm — The newly released map from Agriculture and Agri-Food Canada’s Canadian Drought Monitor (CDM) shows the Prairies’ ongoing drought getting worse. According to AAFC’s nationwide map released on Friday, southwestern Manitoba, parts of southern Saskatchewan and the southeast corner of Alberta are under CDM’s classification of Extreme (D3) drought as of April 30. Communities […] Read more
A hemp plant in Alberta. (Jennifer Blair photo)
Crops, Markets

Hemp poised for year of gains

Nationwide increase in acres expected

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MarketsFarm — The hemp industry in Canada is set for a good year in 2021, according to Canadian Hemp Trade Association (CHTA) CEO Ted Haney. “It looks like we are looking at another 15 to 20 per cent increase in seeded acres nationally, which should take us over the 100,000-acre level for sure,” he said. […] Read more
(Kevin_LS/iStock/Getty Images)
General

Rural, remote crime targeted in Tory MP’s bill

Bill would consider crimes' settings during sentencing

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An Alberta Conservative MP is trying to tackle rural crime by introducing a law that would punish more severely those accused of targeting remote, and vulnerable, people or property. Red Deer-Lacombe MP Blaine Calkins introduced his private member’s bill for first reading in the House of Commons on Tuesday. “Rural Canadians too often don’t feel […] Read more
(Fudio/iStock/Getty Images)
Crops, Reuters

Canada weighs tighter rules for grow-your-own pot producers

Spending on illicit pot still ahead of legal purchases

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Reuters — Canada on Monday launched a public consultation seeking to tighten rules for individuals who are allowed to grow their own medical cannabis, in an effort to clamp down on pot seeping into black markets. In a draft guidance issued for the consultation, Health Canada highlighted recent police raids and arrests at production sites […] Read more
Snow cover in southern Manitoba has been sparse this winter, as shown across this field east of Starbuck, Man. (MarketsFarm photo by Glen Hallick)
General, Weather

Wet or dry spring ahead? Depends on where in Canada

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MarketsFarm — There will be increased in risk of flooding this spring in British Columbia, western Alberta and parts of Eastern Canada, according to a report Friday from AccuWeather. Meanwhile, dry conditions are expected to continue across the Prairies. AccuWeather’s report forecasts below-normal temperatures for B.C. and western Alberta going into spring. That could delay […] Read more
(Juanmonino/iStock/Getty Images)
Crops, Markets, Reuters

Cash-strapped pot producers raise billions in market rally

Cannabis firms seen as down in the weeds until recent surge

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Reuters — A political shift in the United States has unlocked an estimated US$1.38 billion jackpot for struggling pot producers who have cashed in on a surge in their shares since President Joe Biden’s election in November. Cannabis producers have issued stock worth this amount in the first five weeks of 2021, investment firm Viridian […] Read more
Signage on a Tweed retail outlet in Winnipeg. (Dave Bedard photo)
Crops, Reuters

Pot producer Canopy Growth sees profit in 2022

Costs cut, revenue increasing

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Reuters — Canopy Growth Corp., the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis products helped narrow third-quarter losses. Canadian pot producers have been under pressure from investors seeking returns as profits remain elusive due to […] Read more

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