Canadian Merger Creates Legal Weed Behemoth

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canada-marijuana-1.jpegadmin | Toke of the Town

Possibly the largest legal pot company in the world.

Here’s your daily dose of pot news from the newsletter WeedWeek.

Canada’s Canopy Growth Corp. will acquire Mettrum Health Corp. for C$430M, creating a dominant Canadian player.

Vice examines 280E, the tax code provision used to tax marijuana businesses more than other businesses.

Warehouse rents are skyrocketing in legal states. But the New York Stock Exchange IPO of cannabis real estate trust Innovative Industrial Properties went nowhere, following the Sessions nomination.

The BBC calls Albania, a small, poor country in southeast Europe, the continent’s “ outdoor cannabis capital.

The industry could create an opportunity for clean energy technologies like “ renewable microgrids.

LAWeekly asks if small cannabis businesses can survive legalization.

Accounting Today says, “ The Cannabis Industry Needs Accountants.

Pot was a hot topic at the 2016 Wine Industry Expo. For more see here.

Financial firm Cowen said legalization is bad for beer sales. MarketWatch disagrees.

Dispensaries offered discounts for “ Green Friday.” (The shopping day after Thanksgiving.)

The BBC profiles John Stewart, an executive who was CEO of Purdue Pharma, which sells the opioid Oxycontin and now leads a MED company in Canada.

There’s an incubator that aims to turn formerly-incarcerated drug dealers into legal entrepreneurs.

Century Bank in Massachusetts openly works with pot businesses.

A new site called The Cannifornian will cover legalization in the state.  Parent company Digital First Media also owns The Denver Post and its site The Cannabist.

RAND Corporation scholar Beau Kilmer editorializes in favor of the state legalization experiments.

Denver’s social use measure may face legal challenges. Juneau, Ak.’s first dispensary opened and sold out in three hours.

Maryland’s pot regulator has hired a diversity consultant, after it failed to award any of its initial 30 licenses to African-Americans. It has also given preliminary approval for 102 MED dispensary licenses. The names will be made public this week.

Florida’s MED community has few friends in Tallahassee. The new law will also undermine the state’s largely disregarded bong ban.

The Cannabist meets Rilie Ray Morgan, the 66-year old man who championed MED in North Dakota.

Colorado Gov. John Hickenlooper (D) is launching a new effort to use pot taxes to build apartments for the chronically homeless.

Massachusetts may delay implementing aspects of its REC law. Maine will recount its REC vote. MED legalization is on the table in Ireland and South Africa.

British politician Nick Clegg called for legalization. Vice sketches out what a legal U.K. market for recreational drugs could look like.

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