MARCH 17, 2018
THIS IS WEEDWEEK CANADA.
Welcome to WeedWeek Canada, the best way to keep up with Canada's green rush.

WWCanada is a Saturday morning newsletter for professionals in the world's largest fully-legal cannabis market. Our goal is to deliver key data and insights in a quick, digestible format.

Every issue of WeedWeekCanada will highlight key developments in political, business and regulatory affairs. Plus, Reporter Jesse Staniforth is incentivized to deliver exclusive scoops.

Like the original WeedWeek, WWCanada strives to replicate the separation of business and editorial operations practiced at reputable news organizations. Most importantly, advertisers have no influence on editorial content. (For complete ethics statement see the bottom of this email.)

WWCanada is a paid subscription newsletter. Subscriptions cost $72/six months ($12/month) and $120/twelve months ($10/month). We think you'll find it a bargain.

WWCanada is written by Jesse Staniforth, a freelance journalist in Montreal who has reported extensively on indigenous issues, cybersecurity, food safety, and cannabis for outlets including Leafly, ThinkProgress, The Walrus and Salon. You can find him on twitter @jbstaniforth .
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ALEX HALPERIN
The WeedWeek Podcast
This week on the podcast, Hayley and Alex talk to Lukas Lucas, a formerly incarcerated cannabis activist and entrepreneur, about equity within the industry, especially in L.A.

The episode lands Monday by 4:20 p.m. Pacific.

Don't forget to rate it five stars on iTunes !

Previous shows feature:

-Episode 9 Journalist David Bienenstock talks about social justice within the industry and his new podcast Great Moments in Weed

-Episode 8 Jackie Fox (Hayley's mom) talks about becoming a MED user later in life.
-Episode 7 Dr. Peter Grinspoon, Harvard Medical School, on cannabis, opioids and the medical establishment.
-Episode 6 Anja Charbonneau, editor of design forward cannabis magazine Broccoli
-Episode 4 L.A. cannabis Business attorney  Ariel Clark on what cannabis entrepreneurs need to know
-Episode 3 Congressman and longtime legalization supporter Earl Blumenauer
-Episode 2  Emily Dufton, author of Grass Roots: The rise and fall and rise of marijuana in America, on the history of legalization

Comments or feedback? Don't be shy. Our producer is Katie Long.

Interested in sponsorship opportunities? Contact here.

Here's the news.
Politics
Newly elected Ontario Progressive Conservative Party leader Doug Ford (brother of late Toronto Mayor Rob Ford), said the free market should guide cannabis policy. ( CBC Ottawa)
 
Private dispensary owners in Ontario have not given up the fight for their businesses. ( Marijuana.com) The Ontario Cannabis Consumer & Retail Alliance (OCCRA) has launched the Sensible Ontario campaign to pressure the government to leave some space for lounges and private retail in the province. ( Marijuana.com)
 
Saskatchewan unveiled its REC regulations, which closely follow those of other provinces such as Ontario. ( Government of Saskatchewan)
 
New Brunswick Finance Minister Cathy Rogers said that the province’s revenue projections have been thrown off due to the federal delay in REC legalization. ( CBC New Brunswick)
 
 
  • With tobacco, O’Riordan argues, Canada has had difficulty striking the right rate/revenue balance over the last 25 years and has swung its excise rates dramatically.
 
 
The Yukon will stockpile $2.7M in cannabis prior to legalization to ensure stable inventory. ( CBC North)
 
 
The Anishinabek Nation, comprising roughly 60,000 people across several dozen First Nations in Ontario, said it does not yet know how REC legalization will work in its territory. Deputy Grand Chief Glen Hare said the Nation will likely hold a referendum to decide whether to accept cannabis businesses on Anishinabek lands. ( CBC News)
 
 
Business
  • Producers’ market valuation, will depend on factors including how provincial distributors set and negotiate prices and long-term supply agreements.
 
As demand increases for capital to back cannabis businesses, equity markets are giving way to debt financing. While Canadian banks still shy away from lending to the cannabis industry, credit unions and other smaller organizations are open to it. ( Mondaq)
 
Projected Earnings Per Share (EPS) for Canadian cannabis stocks have declined over the last month, likely due to uncertainty over what REC legalization will look like, and concerns about oversupply and dilution. ( Madison)

The Manitoba Liquor and Lotteries Corporation, the Crown corporation that will distribute cannabis in that province, has put out a call for cannabis suppliers. ( CTV Manitoba) Responses are due no later than noon, March 26. ( Manitoba Liquor and Lotteries)
Other News

Launching a crime-prevention campaign called Know Your Source at Toronto Police Headquarters, Bryan Larkin, president of the Ontario Association of Chiefs of Police cautioned against consuming black-market cannabis. ( CBC News) He warned that black-market cannabis “may have come in contact with an opioid,” though Snopes notes that to date there has not been any recorded incident of cannabis contaminated by fentanyl, and nearly all reports of fentanyl-laced cannabis are the product of faulty reporting.
 
Nova Scotia will have 9 cannabis retail locations—one store per roughly 106,000 people and every 6,142 square kilometres. By comparison, New Brunswick (which has 20 per cent less population) will have 20 retail locations—one store per 38,000 people and every 3,654 square kilometres. ( CBC News)
 

 
 
 
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Bye,
Jesse

Advertising policy: Advertisers and contributors through Patreon have no influence on WeedWeek's editorial content or on the content of articles Alex Halperin and other WeedWeek contributors write for other publications. In an effort to replicate the separation of business and editorial operations practiced at reputable news organizations, a WeedWeek salesperson will be responsible for all sales-related contact with advertisers. All advertising queries sent to editorial staff will be referred to a salesperson. In all WeedWeek material, all ads and other forms of paid content are clearly distinguishable as such. WeedWeek editorial staff does not approach potential advertisers to solicit business, and reserves the right to reject ads if they present a conflict of interest, the appearance of a conflict of interest or for any other reason. Due to our small size, editorial staff may read ads on the podcast or provide editorial input on ads after they have been purchased.

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