New York Marijuana News

The fourth PR MedCann.Biz convention kicked off yesterday in Río Grande, Puerto Rico with great success. The convention, bearing the tagline “a road to better medicine”, brings together everyone from policy makers to patients for a two-day event dedicated to Puerto Rico’s medical cannabis industry. The first day alone brought in a record-breaking number of attendees. According to the convention’s sponsor, the eponymous PR MedCann.Biz—which happens to be Puerto Rico’s leading cannabis consulting firm—there were thousands of representatives from all areas of the medical cannabis space, hailing from the United States, Canada, and Mexico.

Most importantly, in the first day alone, a multitude of new medical cannabis patients were certified. MedCann.Biz president, Noemi Pérez, was excited and optimistic about the turnout and the number of new patients.

“Puerto Rico MedCann.Biz has evolved along with the needs of patients and the industry,” she said. “This year’s unifying theme, ‘A road to better medicine’ has guided the design of the event as a platform to provide education to professionals and patients using world-class speakers and also provide the opportunity to obtain cannabis certification in a convenient, professional, and secure environment.”

Among the topics discussed on the first day of the conference were

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Tobacco powerhouse Altria has invested $1.8 billion in Canadian cannabis company Cronos Group, the companies announced in a press release on Friday. Under the terms of the deal Altria, the parent company of the Marlboro cigarette brand, will acquire a 45 percent ownership stake in Cronos. Shares in Cronos Group shot up more than 30 percent and Altria rose 2 percent in early trading on Friday morning after news of the deal was made public.

Cannabis Presents ‘Significant Growth Potential’

Howard Willard, the chairman and chief executive officer of Altria, said in the release that the company will be taking advantage of the new markets created by the legalization of cannabis.

“Investing in Cronos Group as our exclusive partner in the emerging global cannabis category represents an exciting new growth opportunity for Altria,” said Willard. “We believe that Cronos Group’s excellent management team has built capabilities necessary to compete globally, and we look forward to helping Cronos Group realize its significant growth potential.”

Mike Gorenstein, Cronos Group’s chairman, president, and chief executive officer, said that Altria’s significant assets will help Cronos Group grow into cannabis markets around the world.

“Altria is the ideal partner for Cronos Group, providing the resources and expertise we need to meaningfully accelerate

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According to new data, Canada’s unemployment rate dropped to one of its lowest levels ever last month. Interestingly, the country’s rapidly growing legal cannabis industry played a notable role in this trend. And at this point, it seems likely that the industry will only continue to grow as demand for legal weed remains strong.

New Employment Stats

The newest employment stats are for November 2018, and they were recently published by Statistics Canada. According to these numbers, unemployment in Canada fell by 0.2 percentage points in November.

Overall, that drop put the unemployment rate at 5.6 percent across the board. Notably, Statistics Canada said that is the lowest it has been since employment data was first gathered back in 1976.

The report also said that employment rates were up in six Canadian provinces. Additionally, the report said that private sector jobs showed the most growth.

Meanwhile, public sector jobs remained more or less the same. Similarly, self-employed numbers also remained relatively unchanged.

Legal Weed Industry Showed Massive Growth

Interestingly, Statistics Canada devoted a sizable portion of its report specifically to the cannabis industry. After weed became legal on October 17, the country’s legal marijuana industry has seen strong growth.

In

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With the exponential growth of the CBD industry in recent years, the number of CBD products available in the market has also grown exponentially. As a result, choosing the right CBD product can prove to be a difficult task, especially if you are new to CBD and the industry as a whole. Pure CBD extracts can be formulated into a number of products such as edibles, ointments, oils, and sprays. All CBD products provide important health benefits, but deciding what type of CBD product is right for you depends entirely on your own wellness needs and personal preferences. When it comes to CBD sprays and CBD oils, finding differences between the two may seem particularly difficult at first; however, CBD sprays and oils are formulated quite differently.

CBD Sprays

The main difference between CBD sprays and CBD oils is that sprays are infused with other supplements strictly selected to help users with specific conditions. For example, All Natural Way’s CBD spray for pain combines the therapeutic properties of CBD and turmacin to create a more powerful pain-relieving effect than CBD alone. Their CBD spray for sleep, on the other hand, is infused with melatonin which is the hormone responsible for

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Just under three years since it opened, downtown Windsor cannabis lounge Higher Limits is closing its doors.

In a recent statement, owners of the business at 251 Ouellette Ave. announced that it will cease operations at the end of December.

Jon Liedtke, co-owner and spokesman for Higher Limits, wrote that the decision is the result of “incredibly unfortunate” changes to the Smoke Free Ontario Act by the province’s PC government.

– Read the entire article at Windsor Star.

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3 doctors will staff the clinics and will prescribe medical cannabis as well as other medications.

Come January, residents in Barrie will have a new way to access medical marijuana.

Avail Cannabis Clinics in partnership with Express Aid Pharmacy will open two family style-walk-in clinics, and they’ll be the only clinics to offer medical marijuana prescriptions in the city.

Justin Whitehall, the director of Avail Cannabis Clinics, explained how the clinics will work to Wei Chen, host of CBC’s Ontario Morning on Wednesday.

– Read the entire article at CBC News.

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Marijuana and Missouri. The two take a huge step forward Wednesday when the state’s new medical marijuana law goes into effect.

Here’s the deal.

If you have cancer, HIV, epilepsy or many other disorders, you’ll be able to legally access the drug.

But that doesn’t mean you’ll be getting legal marijuana Wednesday.

The law takes effect Wednesday, kicking off a list of deadlines.

– Read the entire article at KCTV5 News.

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The Quebec government tabled legislation Wednesday that would impose the strictest cannabis controls in the country, raising the legal age to 21.

Bill 2 would also prohibit cannabis consumption in all public places, including parks and streets.

“There’s 31 per cent of 18 to 24’s who are smoking it right now,” said André Fortin, an MNA with the Quebec Liberals.

“We want to make sure that if they do make the unfortunate choice to smoke it that they have access to a product with a lower THC content, that they can talk to someone at the SQDC before consuming the product.”

– Read the entire article at News.

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While cannabis may conjure up feelings of mellowness, investing in pot stocks is more of a roller coaster ride. And it’s not always fun.

Take your pick. Cronos Group, Canopy Growth, Aurora Cannabis, Curaleaf, The Green Organic Dutchman, MedMen, Tilray and others have been extremely volatile this year.

Earlier this week, Cronos (NASDAQ: CRON) shares vaulted more than 30% in just a couple of days after it confirmed the existence of talks with tobacco giant Altria Group about a possible alliance. Altria, the world’s largest tobacco company and owner of the Marlboro brand, has been hunting for a deal for a while. This development sparked excitement because it marks the most concrete evidence yet that Altria plans to bring its considerable cash, distribution and agricultural resources into the cannabis sector.

For all the fuss around Cronos, it posted well under $5 million in revenue in the latest quarter. While it’s building facilities to meet Canada’s booming demand for cannabis, Cronos remains a micro-cap, a purely speculative play.

Quintessential Capital Challenges Aphria

Meanwhile, Aphria (NYSE: APHQF), another closely-watched Canadian cannabis company, has been beaten up on after a short seller—a hedge fund that bets on stocks to go down—made negative comments about

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Hip-hop star Wiz Khalifa is teaming up with Ontario marijuana producer Supreme Cannabis to bring his brand Khalifa Kush to Canada, the company announced in a press release on Thursday. Under the terms of the deal, Khalifa Kush Enterprises (KKE) will provide consulting services to Supreme Cannabis to develop and launch a line of premium cannabis products. Supreme Cannabis will be the exclusive producer of Khalifa Kush products in Canada and with approval, other international markets outside the United States.

Khalifa said in the release that he started his company to share his appreciation for cannabis.

“In 2015 I saw an opportunity to introduce the highest quality cannabis products I love and enjoy, to the American market. KKE USA was the first move in bringing amazing cannabis and cannabis experiences to our customers,” said Khalifa.

Canada ‘Perfect Start’ for Brand Expansion

Khalifa believes that a presence in Canada, where recreational cannabis was legalized in October, is a natural progression for KKE.

“Canada is a very important place to me with the idea for ‘Kush and Orange Juice’ being created in Toronto, it’s the perfect start for the international expansion of Khalifa Kush,” he said. “My team and I have spent the past year finding a partner that

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