cannabis industry

Canada's cannabis industry, banking on the chance to expand into the United States, is nervously eyeing the American political calendar and the Biden administration's narrow legislative window to ease federal prohibitions on recreational marijuana.

Devastated bars and lounges as well as the country's hard-hit cannabis sector will have access to $40 billion in new credit being made available via the government's business bank during the COVID-19 crisis, its CEO said on Sunday, April 5, 2020.

The cannabis industry is seen by some First Nations as an opportunity to take the initiative and get out of poverty, says the regional chief of the B.C. Assembly of First Nations.

Aurora Cannabis Inc. has inked a friendly deal to acquire MedReleaf Corp. in an all-stock transaction valued at $3.2 billion, marking the biggest acquisition to date in Canada's cannabis industry.

The Manitoba government raised the distinct possibility on Thursday, July 27, 2017, that it may allow private retailers to sell marijuana when recreational use of the drug becomes legal next July.