Cannabis industry will be worth less than estimated: Report
Bill introduced in U.S. Senate to legalize, tax and regulate pot
U.S. Senator Ron Wyden introduced the aptly-named S. 420, the Marijuana Revenue and Regulation Act on Friday. The legislation would responsibly legalize, tax and regulate marijuana at the U.S. federal level. While it’s unknown whether this bill will pass through the House of Representatives and eventually become law, it is yet another sign of the growing interest from U.S. politicians (and former politicians) in getting cannabis legalized federally either for medical or recreational reasons.
AGCO disqualifies pot shop lottery licence winner
Ontario's Alcohol and Gaming Commission has disqualified one of the winners of the lottery it held to apply for cannabis retail licences. The winner, named on the AGCO website as Gary Hatt, had his licence revoked after breaking a rule that prohibits someone from changing the name of the person on an application or the corporate structure of the company operating the store. The commission selected 25 winners through the lottery process last month.
OCS adds more cannabis suppliers to network
There’s a few more suppliers ready to stock up Ontario’s cannabis stores. The Ontario Cannabis Store, the only outlet currently available to purchase pot in Canada’s most populous province, said late Thursday it has entered into supply agreements with six additional Health Canada-licensed producers and 11 new providers of cannabis accessories. The new suppliers include The Green Organic Dutchman, Pure Sunfarms Canada, and Acreage Farms. The OCS now has agreements with 36 Health Canada-licensed cannabis producers.
– The number of cannabis plants residents in Illinois could potentially grow at their homes after a Democratic lawmaker filed a bill to legalize recreational marijuana in the state.
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