Vancouver #Cannabis
Investors Get Insight into Growing Industry Just as Bill C-45 is Passed
by Senate
June 20, 2018- Investorideas.com,
a leader in cannabis investor news and resources, reports on the upcoming International
Cannabis Business Conference (ICBC) https://internationalcbc.com, being held
in Vancouver, British Columbia, June 24th-25th at the Sheraton Wall
Centre.
The conference follows
the passing and final vote on Bill C-45, the Cannabis Act, in the Senate;
legalizing and strictly regulating cannabis in Canada.
Read this in full at http://www.investorideas.com/news/2018/cannabis/06209ICBC-BillC45.asp
Minister of
Justice and Attorney General of Canada said, "Yesterday's vote in the
Senate on Bill C-45, the Cannabis Act, marks the next step in our Government's
commitment to legalizing and strictly regulating cannabis. Our public health
approach will better protect our youth, displace the illegal market, and
provide adults with a legal source of quality-controlled cannabis. Public
education will remain a cornerstone of our efforts to help Canadians get the
facts on cannabis and make informed choices."
Leading stocks
in the sector moved up on the news including one of the companies speaking at
the ICBC conference, Canopy Growth Corporation (TSX: WEED.TO), trading at $43.07, up 0.54 (+1.27%), with a
day’s high of $45, 07
Conference
topics include medical and recreational
regulations, raising capital, mergers and acquisition, branding, marketing,
investment opportunities, the Canopy Rivers/Canopy Growth million dollar pitch
event, and more.
"Canada has
helped bring cannabis into the mainstream more than any country, first by
implementing sensible medical laws, and now by ending prohibition for all
adults," says Alex Rogers Executive Producer of the ICBC. "We are
proud to educate the attendees about the latest developments in the host
country, as well as around the world. In addition to our top-notch program, we
hold world-class networking events that can really help entrepreneurs take
their businesses to the next level."
The Vancouver
ICBC includes speakers such as Canopy Growth's (TSX: WEED.TO) Hillary Black; Anna Serin from the Canadian
Securities Exchange; Groundworks Consulting's Jamie Shaw; Bhang's Scott Van
Rixel; Cannacord Ingenuity's Yasmin Gordon; Prohibited Media's Drake
Sutton-Shearer; MMJ Canada's Clint Younge; attorneys Kirk Tousaw and Robert
Laurie, and many more experts across the cannabis space. American activist and
rock icon Henry Rollins will deliver a keynote address, bringing his unique
message and passion to Vancouver. Additionally, Canopy Rivers, in collaboration
with Canopy Growth, will be offering up to $1,000,000 of seed capital to
aspiring entrepreneurs. Visit canopyrivers.com/pitch-day/ for more information
on the pitch event.
Bill C-45 Facts
- Bill C-45, the Cannabis Act, is awaiting Royal
Assent.
- Until the Cannabis Act comes into force,
cannabis remains illegal across Canada unless authorized for medical or
scientific purposes.
- Once in effect, the Cannabis Act will allow
adults, subject to provincial or territorial restrictions, to:
- purchase fresh cannabis, dried cannabis,
cannabis oil, cannabis seeds, or cannabis plants from retailers
authorized by the provinces and territories;
- consume cannabis in locations authorized by
local jurisdictions;
- possess up to 30 grams of dried legal
cannabis or equivalent in non-dried form in public;
- share up to 30 grams of dried legal cannabis
with other adults;
- grow up to four cannabis plants per household
(not per person) for personal use, from licensed seeds or seedlings from
a licensed supplier; and
- make legal cannabis-containing products at
home, such as food and drinks, provided that dangerous organic solvents
are not used in making them.
- Once the legislation receives Royal Assent,
provinces and territories will be able to purchase cannabis from federally
licensed producers, so that distributors and retailers can begin preparing
retail access online or in physical stores; however, they will not be able
to sell cannabis products to adults of legal age until the Cannabis Act
comes into force.
- The Cannabis Act creates a specific criminal
offence for selling cannabis to a minor and creates significant penalties
for those who engage young Canadians in cannabis-related offences.
- Drug-impaired driving remains illegal in
Canada. Law enforcement can currently detect drug-impaired driving using
Standard Field Sobriety Testing and Drug Recognition Expert evaluation.
Should Bill-C46 be passed by Parliament and receive Royal Assent,
additional drug-impaired driving offences will come into effect.
- Drug screening devices are currently being
evaluated to meet Canadian standards and will provide law enforcement with
an additional tool to detect drug-impaired driving should Bill C-46 be
passed by Parliament and receive Royal Assent.
- It is illegal, and will remain illegal once
the Cannabis Act has come into force, for travellers to take cannabis out
of Canada or to bring it back from other countries.
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