Manitoba Releases Cannabis Framework

On November 7, 2017, Manitoba announced a hybrid model for the distribution and retail sale of cannabis in preparation of the federal government’s goal of legalizing recreational cannabis use in Canada.[1] The outlined hybrid model permits the private sector to...

OSC Grants Approval for First Initial Coin Offering

On October 23, 2017, the Ontario Securities Commission (“OSC”) has granted approval to the province’s first regulated Initial Coin Offering (“ICO”) in a decision (“decision”).  The OSC granted regulatory relief to Toronto-based TokenFunder Inc. (“TokenFunder”). This...

Update on the Cannabis Act

On October 5, the Parliamentary Health Committee returned Bill C-45, an Act respecting cannabis and to amend the Controlled Drugs and Substances Act,[1] the Criminal Code and other acts (the Cannabis Act), to the House for its third reading, with notable...

Canadian Capital Markets React to the US Cannabis Industry

On October 16, 2017, the TSXV (the “Exchange”) released a Bulletin providing guidance on how to manage those listed issuers with US operations in the US cannabis industry, where cannabis is still illegal at the US federal level. The TMX Bulletin acknowledges the...