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0 455

Through an amazing act of unity, the leaders of the three major parties in Ontario stand together to demand some sort of direction from the Trudeau government on its hazy plans towards legalizing marijuana. Despite the gestures of announcing legislation by spring of 2017, establishing a task force, and building an online opening for Canadians to share their views, the ultimate framework for cannabis regulation remains unclear.

Ontario Liberal Premier Kathleen Wynne, Progressive Conservative Leader Patrick Brown, and NDP Leader Andrea Horwath join forces during a session at Queen’s Park to get some clarity on where things stand in the process of legalizing marijuana. Ontario so far has been a war zone between the cannabis community and law enforcement. This is largely because of the rapid growth and development of marijuana dispensaries across Toronto and other parts of the province. Because of a lack of direction from the federal government, Ontario legislators have simply made the decision that there is no legal vacuum for dispensaries to operate.

A complete opposite and more progressive outlook is coming from provinces like British Columbia, where officials have learned to work with dispensaries by establishing zoning bylaws that permit them to exist under a set of rules. This move has been deemed by the cannabis community and reemphasized by the media as a much more collaborative approach than actions like Project Claudia, one of the largest police raids in Canadian history.

Claudia’s show of unnecessary restraint has been widely considered by citizens and government officials as a huge waste of public money that did very little to stop dispensaries, which simply reopened for business the following week. This appeal to the federal government on behalf of the leaders of Ontario comes on the heels of the Ontario Chamber of Commerce publicly asking Premier Wynne to permit recreational marijuana to be sold by private retailers licensed and authorized by the government.

Opponents of marijuana legalization are criticizing the government for taking their time, adding that this slow process is allowing for a “Wild West” style scenario, where businesses can seemingly operate with no regulation. Those who stand for legalizing marijuana, on the other hand, want the feds to speed things up in order for cannabis businesses to know how to operate once they learn the rules.

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Canada will press the United States to change an outskirt approach that has banished Canadians who confess to having utilized weed from making a trip to the United States, given that Canada arrangements to authorize pot, an administration representative told Reuters on Friday. The instance of a Canadian man banned from U.S. traveling on the grounds that he confessed to having smoked pot recreationally has blended open deliberation over United States fringe specialists invoking a government law against weed use, despite the fact that pot use is legitimate in a few states and forthcoming lawful in Canada.

English Columbia inhabitant Matthew Harvey was halted at a United States fringe crossing in Washington state in 2014 and got some information about recreational pot use. Whenever Harvey, 37 at the time and who had a license to utilize medicinal weed, said he had smoked pot recreationally, he was confined and addressed for six hours before being denied section and banished from future passage.

“They said that I was inadmissible because I admitted to smoking marijuana after the age of 18 and before I’d received my medical marijuana license,” said Harvey.

In a meeting with the CBC, Canadian Public Safety Minister Ralph Goodale said that the circumstance should have been tended to, especially in light of uneven weed confinements in the United States.

“We obviously need to intensify our discussions with our border authorities in the United States, including the Department of Homeland Security,” Goodale stated. “This does seem to be a ludicrous situation. Three or four other jurisdictions in the United States. [T]here’s certain ironies about the current American position that we will certainly be very vociferous in putting before them.”

Four U.S. states — Washington, Colorado, Alaska, and Oregon — have sanctioned recreational cannabis use, as has the District of Colombia. Additionally, 25 states have authorized medicinal pot, no less than five of which will settle on recreational pot legalization in November decisions.

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Although the United States cannabis industry offers investors a lot of upside, it offers even more risk as a majority of the companies are fraudulent. Many of the cannabis companies that trade on the OTC exchange are led by management teams focused on creating value for themselves, and rely on the sale of stock to stay in business. Canada Remains a Bright Spot of the Industry

The Canadian medical cannabis industry continues to be a bright spot in the cannabis sector as its constituents are led by management teams that continue to execute on business initiatives and create value for shareholders. One the biggest developments in 2015 was the victory by Justin Trudeau and the Liberal Party in the Canadian general election.

The outcome of the campaign was a huge victory for the Canadian cannabis industry and will serve as a catalyst for stocks levered to this industry. Justin Trudeau and the Liberal Party have said they will make cannabis legalization a priority.

A Growing Program

In 2014, Canada created a federal medical cannabis program called Marihuana for Medical Purposes Regulations (MMPR). The program has enabled the country to move from a system that allowed patients to buy from a single government‐approved grower or to either grow their own or purchase from non‐commercial growers, to a system of multiple commercial providers. The Canadian medical cannabis industry is growing at an impressive 10% per month and it now has more than 75,000 patients. There are currently 31 federally licensed medical cannabis producers in Canada under Health Canada’s MMPR.

Catalysts Ahead

Canada has announced plans to legalize recreational cannabis in spring 2017. Before recreational cannabis is legalized, we expect to see consolidation within the industry.

The government’s plan to legalize cannabis has made several licensed medical cannabis producers attractive investment opportunities to institutional investors, hedge funds, and investments, banks. Licensed medical cannabis producers have raised more than $50 million so far this year and we expect this number to increase exponentially during the back half of the year.

This has made capital much easier to access, which has supported growth initiatives like land acquisitions, construction costs, license/company acquisitions, production capacity increases, etc. The number of investments like this have increased significantly this year as licensed producers prepare for an extended period of accelerated growth following these various event-driven catalysts.

Authored By: Michael Berger

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Canadian medicinal cannabis users can cultivate their own marijuana or motivate somebody to make it for them under new, extended laws that happen in the not so distant future; Health Canada announced Thursday. Patients affirmed for therapeutic weed will be capable of registering with Health Canada to grow a restricted measure of cannabis for their own medicinal purposes.

“If an individual wants to produce a limited amount of cannabis for his/her own medical purposes, he/she must submit an application to register with Health Canada,” a department background document stated. “An original medical document from the health-care practitioner must be provided, and the application must include information such as the location of where cannabis will be produced and stored.”

They are also able to assign another person to develop it for them. For instance, if they’re not sufficiently healthy enough to grow their own, the other individual passes a record verification demonstrating that they haven’t been sentenced a medication offense in the last decade and aren’t developing for more than two people, themselves included. The third alternative is getting it from one of 34 Health Canada-affirmed makers — the primary legitimate source under the present laws. Wellbeing Canada authorities said in a specialized preparation Thursday evening this constrained sum of individuals can develop at their home will be connected to the day by day measure of cannabis a patient is recommended.

For example, somebody recommended a gram a day could grow two plants outside or five plants inside to have the capacity to supply themselves, Health Canada said, since plants developed outside yield more supply than indoor plants. The seeds and plants would originate from these authorized makers, who could offer an interval supply of cannabis to individuals as they sit tight for their homegrown supply to be prepared. The new guidelines take effect on Aug. 24.

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Abattis Receives NPN from Health Canada for Phyto(NOS)(TM)

Abattis Bioceuticals Corp. (ATTBF) (CSE:ATT) (“Abattis”) is pleased to announce that it has received a Natural Product Number (“NPN”) approval for Phyto(NOS)™. This NPN allows Abattis to manufacture and to sell Phyto(NOS)™ in Canada. Ingredient Identity of Santa Ana, California, completed the claim substantiation report necessary for the sale of Phyto(NOS)™ in the United States.

Phyto(NOS)™ is an all-natural, patent-pending formulation that naturally supports nitric oxide (a vasodilator) levels in the blood stream, supports nitric oxide production, and provides antioxidants that help protect against oxidative cell damage caused by free radicals. Phyto(NOS)™ has applications in a wide range of food, beverage and nutraceutical products.

Abattis Director and product designer, Brazos Minshew, says “I designed Phyto(NOS)™ to deliver bio-active Nitric Oxide to the body in a natural, sustainable and metabolically-friendly manner. Nitrates in the plant-based ingredients of PHYTO[NOS]™ get converted quickly into nitric oxide. This action is faster and doesn’t require enzymes. The benefits are seen with very small quantities of nitrates under conditions of both high and low oxygen.”He adds, “In our NÖXX Botanical Blends line of products, PHYTO[NOS]™ is blended with other natural fruit and herb extracts to target specific health concerns by enhancing the benefits and focusing the desired effects in each of our products.”

Our market research and outreach within our target markets validates both the need and the demand for the NÖXX Botanical Blends line of products. Early interest from customers and other product developers interested in all-natural nitric oxide support has been very positive. The worldwide market for products where nitric oxide is involved in the mechanism of action is expected to reach US$147 billion in 2019.(1)

The discovery of the nitric oxide pathway is recognized as a critical advancement in cell signaling and has led to major advancements in many clinical areas that have the ability to transform biotechnology and medicine. Important therapeutic areas for nitric oxide-based therapies are inflammatory disorders, cardiovascular diseases, erectile dysfunction, inflammation, pain and neuroprotection. Decreased production and or bioavailability of nitric oxide is recognized as being one of the earliest events in the onset and progression of many diseases.(2)

ON BEHALF OF THE BOARD

“Rene David”
Rene David, CFO

For further information, contact the Company at (604) 336-0881 or atnews@abattis.com.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements. The use of any of the words “anticipate,” “continue,” “estimate,” “expect,” “interest,” “may,” “will,” “project,” “should,” “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks various risk factors discussed in the Company’s Management’s Discussion and Analysis under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.

(1) Jain PharmaBiotech. Nitric Oxide: Therapeutics, Markets and Companies. Press Release (2010).www.researchandmarkets.com/reports/39078/nitric_oxide.
(2) Nathan S Bryan, Nitric oxide enhancement strategies. Future Science OA. August 2015, Vol. 1, NO.1

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Prior to the legalization of marijuana in Mexico, Canada, or any other country, governments are first required to present their plans, which will include many drug treaties, to the United Nations General Assembly. A memo was sent to Justin Trudeau, Canada’s newly elected prime minister, and states that Canada will need to divulge a plan to legalize, manage and limit access to cannabis without going against any of the three treaties, which claim that the possession and development of marijuana for recreational reasons is illegal globally.

“As part of examining legalization of cannabis possession and production, Canada will need to explore how to inform the international community and will have to take the steps needed to adjust its obligations under these conventions,” the memo states.

Canada’s proposal will not just be required when the United Nation’s General Assembly Special Session on the World Drug Problem gets together in the spring, but the memo also states that Trudeau’s legalization plan will need to be persuading enough to convince the rest of the world that this new movement is a great thing. Errol Mendes, international law expert and a professor at the University of Ottawa, states that as the Canadian government does have the right to tell “why it feels it has to do it,” the result will likely end up in cannabis taking “many years” to finally be legalized.

Here are the three treaties that would need to be altered before Canada or any other country could end prohibition: The Single Convention on Narcotic Drug of 1961; The Convention of Psychotropic Substances of 1971; The United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances of 1988. The briefing indicates that various countries would like to reform their respective drug laws.

“At the meeting, several South American countries as well as Mexico wish to discuss what they perceive as more effective policy approaches to respond to the current realities of the drug problem, which could include decriminalization/legalization of illicit drugs, harm reduction, and/or a call to renegotiate the international drug control conventions.”

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Justin Trudeau surprised many when he announced that he had used marijuana when he was a member of parliament, but those people were still supportive of his decision to legalize marijuana. On Friday, Trudeau announced in a policy speech that his Liberal government would bring the legislation up as soon as 2016 to legalize cannabis, which would make Canada “the G7 bloc of industrialized nations to do so,” although not all of the details have been worked out yet.

Two-thirds of Canadians support Trudeau’s decision to decriminalize the possession and use of recreational marijuana, according to a new Ipsos poll. This is the highest level of support that Canada has seen in the last thirty years even though the use of marijuana has declined. How they are going to do this, though, has not been released. It is going much further than just legalizing the plant, though; the country is planning on creating a market for the crop similar to Uruguay and some areas of the United States.

Approximately one million out of Canada’s population of 35 million smoke marijuana recreationally, according to a survey from 2014. Trudeau said in 2013 that he had smoked marijuana about five or six times in his life, including one time at a dinner party after being elected to parliament. In addition, he said that his brother Michael was facing charges for possessing a very small amount of marijuana before his dead in 1998, which influenced his choice to legalize marijuana.

“I’m not someone who is particularly interested in altered states, but I certainly won’t judge someone else for it,” Trudeau stated. “I think that the prohibition that is currently on marijuana is unjustified.”

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Health officials in Canada do not want to waste any time. They are quickly getting into discussions over how to create a taxed and regulated cannabis market. Earlier last week, as the United States was approaching Thanksgiving, Canada’s Minister of Health, Jane Philpott, reported to CBC News that the Canadian government has already begun working hard to determine the best regulatory model for ending prohibition throughout the entire country.

Yet, certain that “the world is going to be looking to Canada to make sure we do the job well,” Canada’s leading heath officer confesses that there are issues in determining a model that will resolve each concern. She also states that a group of scientists and doctors is currently being put together to help her come to a solution for the issue. Philpott reported that after speaking to her four children openly about recreational marijuana, she is certain that the criminalization model currently controlling Canada is not working. So, her goal, at the moment, is to find the most intelligent way to legalize cannabis rather than trying to persuade Prime Minister Justin Trudeau to change his mind.

“I think if any of your viewers, if they ask their teenage children, they can verify for them that [marijuana] is far too accessible. And obviously they’re issues around safety and concentrations that are available in certain products are very dangerous,” Philpott states. “Often the products are not pure, and that’s something that’s a serious health concern for us.”

Philpott adds that it is way too early to even consider the regulations that will be given to Canadian weed, however, she does suggest that the model will ensure that the product will be put in the hands of adults and it will be more difficult for children to obtain the drug on the black market. It is turning out that Canada is definitely serious about being one of the most progressive countries in the world by trying to fix marijuana policies. Earlier in November, Philpott and some other important figures telling them to get together and figure out the best way to approach this.

“Most thoughtful Canadians recognize that the current system isn’t working and they’re looking to us to make sure we make a wise decision,” she concluded.

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Justin Trudeau led Canada’s Liberal Party as they were voted for into power on Monday. The party won enough seats to “form a majority government by itself.” The liberals won 184 seats in the lower house of parliament yet they only needed 170 seats to form a majority since there are only 338 seats in the lower chamber. The election has brought an end to the Conservative rule which has reigned for over nine years. When it came to drugs, they were extremely regressive and extremely against legalization. The liberal platform, on the other hand, had this to say about marijuana legalization:

“We will legalize, regulate, and restrict access to marijuana,” the platform says. The prohibition of marijuana does not stop the youth from using marijuana, but instead they raise crime rates. “We will remove marijuana consumption and incidental possession from the Criminal Code, and create new, stronger laws to punish more severely those who provide it to minors, those who operate a motor vehicle while under its influence, and those who sell it outside of the new regulatory framework.”

However, this was not expected to happen in one night. The Liberals stated that they are planning on creating a task force whose purpose is to design a system that will efficiently tax and regulate cannabis sales. After that has been done, a bill would be made that would pass in Ottawa. Marijuana was not the main issue in the campaign, but it was, nonetheless, an issue. However, the Tories’ anti-marijuana position did not fall well with the country that was ready to bring marijuana back. Voters look to be getting their wish as Tom Angell from Marijuana Majority had this to say:

“While US states led the way by becoming the first places in the world to legalize and regulate marijuana in 2012, it looks like Canada could soon leapfrog ahead of us and become the first country in North America to legalize cannabis nationwide,” he stated. “If that happens, it’s not only good news for Canadians who will be able to purchase marijuana from legal and regulated storefronts instead of being treated like criminals. It’s also likely to give reform efforts in the US a bit of a boost — not that we really needed it, but a little friendly competition is always a good motivator.”

Here’s more hope for marijuana in Canada from Ethan Nadelmann of the Drug Policy Alliance:

“Last night’s victory for Justin Trudeau and the Liberal Party is the single biggest news in global drug policy reform this year,” he said. “It promises an 180-degree turn in Canada’s national drug policy both domestically and internationally, and will hopefully inject new energy and direction into planning for the UN General Assembly Special Session (UNGASS) on Drugs six months from now.”

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According to Justin Trudeau, a liberal government would work to legalize and regulate marijuana instantly.

“The Liberal Party is committed to legalizing and regulating marijuana,” Trudeau responded to a reporter’s question in Surrey on Wednesday.

Trudeau refused to confirm a timetable for marijuana reform, however, he made it apparent that it would be of the largest priorities if he was elected on October 19th. According to the leader of the Liberal Party, legalizing cannabis would fix a “failed system” and get rid of “the criminal element” associated with it. He then went on to blame Stephen Harper, Conservative Leader, of his anti-marijuana policies that promote criminality.

“It is our intention to stop Mr. Harper’s failed approach on marijuana,” Trudeau stated.

He also added that legalization could occur within a month or within a couple of years with a Liberal government, yet no matter what the time, he would ensure that the process would happen as soon as he would take power. One concern raised when the Liberal Party released a casting platform without the inclusion of marijuana regulation. This was addressed on Wednesday, as he was trying to decide the best way to regulate it in Canada.

“We believe in being responsible and realistic in the costing of our plans,” Trudeau stated. “We didn’t book for tax revenues for marijuana because we don’t yet know what rate we’re going to be taxing it.”

Trudeau has been a supporter of loosening marijuana laws for a long time now, but only now has he begun to address it.

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