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Canopy Growth Corp T.WEED

Alternate Symbol(s):  CGC | T.WEED.DB

Canopy Growth Corporation is a cannabis and consumer packaged goods (CPG) company. The Company delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space. Its CPG portfolio includes gourmet wellness products by Martha Stewart CBD, and vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution, and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a diverse range of cannabis, hemp, and cannabis products in Canada. Its Rest-of-world cannabis segment includes the production, distribution, and sale of a diverse range of cannabis and hemp products internationally. Its Storz & Bickel segment includes the production, distribution, and sale of vaporizers.


TSX:WEED - Post by User

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Post by Prymorkarison Dec 12, 2018 7:16pm
96 Views
Post# 29106601

Ontario towns can’t refuse pot stores

Ontario towns can’t refuse pot storesWe'll see how this play's out............................ By Shawn Jeffords. Published on Dec 9, 2017 10:59am Flowering marijuana plants. THE CANADIAN PRESS/Sean Kilpatrick The Ontario government appeared to backtrack late Friday on an earlier statement that municipalities would be unable to opt out of hosting marijuana stores, raising more questions about the provinces readiness for the expected pot legalization next summer. The issue came up earlier this week after a City of Richmond Hill committee unanimously endorsed a statement saying it was not willing to host one of the retail stores. If a community is selected to host one of the marijuana shops, it can delay hosting the store but cannot completely opt out of having it, a spokeswoman for Finance Minister Charles Sousa had told The Canadian Press earlier on Friday. As we roll out the next phase of stores, we will continue to engage with municipalities on an ongoing basis including with those municipalities who may not be ready for a store opening in July 2018, said Jessica Martin. Ultimately, our goal through a controlled model is to ensure a safe and sensible framework for cannabis legalization. Martin said the government has consulted with municipalities about its retail model through the Association of Municipalities of Ontario. Municipalities were involved in establishing the initial guidelines for siting stores, including achieving geographic distribution and combating illegal dispensaries, she said. But hours later, Martin said the government had not decided if municipalities will be able to opt out of hosting a cannabis store. The Liquor Control Board of Ontario will be addressing local concerns as they move forward with the siting process, she said in a statement Friday night. Those conversations will evolve as more details are revealed by the federal government, including a revenue model that will allow the province to recover costs and support municipalities when dealing with issues around enforcement, health care, education, and social programs. In October, Sousa wrote municipal leaders and said Ontarios store rollout aimed to achieve the right geographic distribution across the province and to reduce the number of illegal marijuana dispensaries that have opened since the federal government announced its plan to legalize recreational marijuana next summer. The public would also be notified about the proposed store locations and would be asked to provide feedback directly to the LCBO, he said. None of the retail stores would be located near schools, Sousa said. The LCBO hopes to open its first batch of 40 stores by July 2018. The province plans to set up approximately 150 stand-alone cannabis stores by 2020. All consumers will also be able to access cannabis through an online retail website. Association of Municipalities of Ontario executive director Pat Vanini said Ontarios plan to retail cannabis has been met with anxiety by some municipal leaders who say the process has not provided them with enough information. She said some communities do not want to be part of the first wave of government-run cannabis stores, in part, because they still dont know how they are going to recoup their costs for hosting the retail facilities. There is still, amazingly at this point in implementation, a lot of unknowns, she said. Thats whats creating some consternation. The Richmond Hill community was notified in late November that the LCBO, which will run the shops through a subsidiary, was beginning work to site a store in the area. In a report from the citys municipal staff, councillors were told they would likely only have a say over the zoning of a proposed location. Vanini said this isnt the first time municipalities have been forced to comply with a broad top-down government policy. Municipal governments have been through this willing/unwilling piece before with wind turbines, she said. It took a while for the province to say Well go where there are willing communities. Vanini said if communities are allowed to opt out of hosting a cannabis shop, it could be an unexpected boon to the government.
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