TORONTO – As the race to produce enough cannabis for the soon-to-be-legal market gets increasingly crowded, licensed producers are setting their sights on the next frontier in the race for maximum pot profitability: developing retail stores.
Pot producers have been ramping up production in preparation for the legalization of marijuana for recreational use later this year and — realizing there is a healthy collective pipeline of product coming online over the next few years — are looking to deploy their cash in more profitable ways, said Russell Stanley, special situations analyst with Echelon Wealth Partners.
WASHINGTON – American officials have been quietly raising questions about whether Canada’s marijuana legalization might slow traffic at the border, and are being told by their northern neighbours there’s no reason that should happen.
The issue has come up in phone calls between high-level officials and again in passing this week during a first face-to-face encounter between Public Safety Minister Ralph Goodale and his U.S. counterpart, Homeland Security Secretary Kirstjen Nielsen.
RCMP in northern Manitoba raided a home on Saturday, seizing a number of drugs in the community of Thompson.
Police executed a search warrant at a home at around 10 p.m., where they found approximately 113 grams of cocaine and 170 grams of marijuana. They also seized other drug paraphernalia and an undisclosed amount of cash.