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By: Andrew Elbaz, Alexander Katznelson, and student-at-law Darren Nguyen On October 10, 2018, the Canadian Securities Administrators (“CSA”) published Staff Notice 51-357 Staff Review of Reporting Issuers in the Cannabis Industry. The purpose of the notice is to provide further guidance for issuers in the cannabis industry to ensure that these issuers maintain proper disclosure practices. The notice is based on the information provided by the securities regulators in Alberta, British Columbia, Ontario, and Quebec (the “Regulators”). The…
Canada Cannabis Legal (CCL) is counting down the days to the launch of our new site! We will still be Canada Cannabis Legal at canadacannabislegal.com. We will continue to provide you with great information, news, and resources on the cannabis industry. But – we will have a bold new look. As a teaser, check out our fantastic new logos below.       The post See our new logo! Countdown to the new Canada Cannabis
The Ontario Government released its consultation to the Smoke-Free Ontario Act today addressing the changes to cannabis legalization. Read the full text at: https://canadacannabislegal.com/wp-content/uploads/2018/09/Smoke-Free-Ontario-Act-Consultation-Draft-Sept2018.pdf This Act is also available on our Laws, Regulations, and Resources page at: https://canadacannabislegal.com/laws-regulations-resources/provincial-laws/   The post The Ontario government releases its consultation to the Smoke-Free Ontario Act appeared first on Canada Cannabis Legal – CCL.…
The Ontario Government officially released Bill 36, An Act to enact a new Act and make amendments to various other Acts respecting the use and sale of cannabis and vapour products in Ontario (“Cannabis Statute Law Amendment Act, 2018”) today. Read the full text at: Bill-36 – An Act to enact a new Act and make amendments to various other Acts respecting the use and sale of cannabis and vapour products in Ontario. This…
This afternoon, Ontario Finance Minister Vic Fedeli and Attorney General Caroline Mulroney made an announcement to the public regarding the Ontario government’s plans to introduce legislation that will set out a new private cannabis retail store model, following an announcement to this effect made in August of this year. The proposed legislation will be introduced tomorrow, September 27, 2018, and will outline the provinces “two-phase regulatory approach” which will, in the opinion of government, ensure…
On September 17, 2018, the Department of Finance Canada introduced a set of draft Regulatory and Legislative Proposals relating to the Taxation of Cannabis under the Excise Act, 2001 (the “Draft Proposals”).  The Draft Proposals, if adopted, will provide for additional excise duty rates for each province that has signed a Coordinated Cannabis Taxation Agreement (“CCTA”) with the Federal Government of Canada.  The rates would come into effect as of October 17, 2018, to coordinate…
Cannabis law lawyer Whitney Abrams was quoted in “Cannabis retail plan opt-out option criticized” in Law Times on September 10, 2018. She discusses some of the issues with the current opt-out option in Ontario and what this could mean from a legal standpoint. Read the article at: http://digital.lawtimesnews.com/i/1023893-september-10-2018# (subscription required) The post Whitney Abrams quoted in “Cannabis retail plan opt-out option criticized” in Law Times appeared first on Canada Cannabis Legal – CCL.…
This morning, Justice Minister Cliff Cullen announced that Manitoba has established pre-set fines for cannabis-related provincial offences, including consumption, cultivation, transportation, and roadside-related offences.  All of the pre-set fines will be in effect as of the date of legalization, October 17, 2018. The pre-set fines were introduced in an effort by the Province to “make Manitobans aware of the laws and their consequences” “in the interest of public safety”.  By announcing and establishing these finds,…
Whitney Abrams’ and Ethan Eisen’s article “The Coming Tide of Debt Financing in the Cannabis Industry” on using debt financing as a way to raise capital for a cannabis business was published in the September 2018 edition of CannaInvestor magazine. The article profiles Aurora Cannabis as a case study. Read a PDF of the article here. Click here to see the full edition of the magazine. (subscription required) Subscribe to CannaInvestor magazine here. The post Whitney