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Montevideo, November 22nd 2024 - 03:47 UTC

Tag: Cannabis Act Canada

  • Thursday, August 16th 2018 - 14:38 UTC

    Corona beer owner investing US$ 4 billion in the cannabis industry

    Canopy, which has the largest legal cannabis production footprint in the world, currently produces cannabis-based oils and soft gel caps, among other products

    Corona beer owner Constellation Brands is set to pour some US$ 4 billion into Canada's top cannabis producer, Canopy Growth, in a deal marking the largest investment in the industry to-date. Last year, Constellation injected US$ 200m into Canopy in a deal to produce a non-alcoholic cannabis-based beverage. The alcohol firm wants to capitalize on the growing legalization of the drug.

  • Wednesday, June 20th 2018 - 06:50 UTC

    Canadian parliament approves recreational marihuana

    Legal sales are likely to begin before the end of the boreal summer after the Senate voted 52-29 on Tuesday night to approve the bill

    Recreational marijuana may soon be legal in Canada, after both the House of Commons and the Senate approved the Cannabis Act. Legal sales are likely to begin before the end of the boreal summer after the Senate voted 52-29 on Tuesday night to approve the bill, CBC reported.