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News about Medical marijuana in Canada

Cannabis consumption lounges not in the cards in Ontario, for now

Cannabis consumption lounges not in the cards in Ontario, for nowIt doesn't appear that cannabis consumption lounges will be opening up in Ontario anytime soon. The CBC reports that after receiving 850 pages of consultation documents resulting from a provincial call to discuss the potential for pot lounges, a government spokesperson said there will be no immediate changes to Ontario's cannabis framework. However, the provincial government said it will consider the consultation results in the future. The CBC reports that the Ontario government was informed by medical officers across the province that it should not allow cannabis lounges or make the drug easier to get than it is now. Meanwhile, several business groups endorsed the lounge concept, saying people will one day want to consume cannabis the same way they do alcohol.  Virus-free. www.avg.com

Aphria, Aurora Cannabis explored merger in recent deal talks: Sources

Aphria, Aurora Cannabis explored merger in recent deal talks: Sources Aphria and Aurora Cannabis? recently held advanced talks to merge the two Canadian pot producers in what would have been a blockbuster deal, but those discussions broke down late last week, sources told BNN Bloomberg. The two companies opted to step back from merger discussions that took place over several weeks after failing to agree on board composition and compensation for some senior executives, the people told BNN Bloomberg under the condition of anonymity. Had a deal had been reached, it would have created a global cannabis behemoth valued at $3.5 billion with operations in 25 countries. It would have commanded a leading 30-per-cent share of the Canadian recreational cannabis market and combine for annual revenue north of $800 million.    Virus-free. www.avg.com

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Canadian Marijuana Index

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