“…any Canadian working in the marijuana industry would not be permitted to enter the US. “

Canadian cannabis companies are whipping around after report says workers may face lifetime travel ban to US (TLRY, CGC, CRON)

Jonathan Garber   Sep. 14, 2018, 08:06 AM

Canopy Growth marijuana weed

  • A report out Thursday suggests workers in the Canadian cannabis industry could face a lifetime ban on travel to the US.
  • Shares of Canadian cannabis companies were down as much as 15% on the news before paring their losses.
  • Ballooning valuations have caused these companies to come under more scrutiny of late.
  • Watch Tilray, Canopy Growth, and Cronos trade in real time.

Canadian cannabis companies are whipping around Friday morning, tumbling as much as 15% before paring their losses, following a report suggesting workers may face a lifetime ban on travel to the US.

A Politico report published after markets closed on Thursday, citing a senior official overseeing US border operations, said any Canadian working in the marijuana industry would not be permitted to enter the US. “If you work for the industry, that is grounds for inadmissibility,” Todd Owen, the executive assistant commissioner for the US Customs and Border Protection’s Office of Field Operations, told Politico.

Here’s a look at the scoreboard as of 2:35 p.m. ET:

Canada’s marijuana industry has seen valuations balloon in recent months. Tilray, for example, has seen its share price skyrocket by more than 600% since it went public in July.

The huge growth in the industry has sparked the interest of institutional and retail investors alike and has led to investments from the competing alcoholic-beverage industry. Back in August, Constellation Brands, the company behind Corona beer and Svedka vodka, announced it was investing another $4 billion in Canopy Growth, which raised its stake to 38%.

The recent interest in the space has caught the attention of the US Securities and Exchange Commission. Just last week, the SEC warned investors to watch out for promises of guaranteed returns, unregistered sellers, or unsolicited offers in marijuana names.

“If you are thinking about investing in a marijuana-related company, you should beware of the risks of investment fraud and market manipulation,” the SEC said.

“Fraudsters may try to use media coverage about the legalization of marijuana to promote an investment scam.”

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NOVA SCOTIA CANADA: Once again it seems that you can’t grow Cannabis and treat licensed patients, even if Cannabis is “legal”…

NOVA SCOTIA CANADA:  Once again it seems that you can’t grow Cannabis and treat licensed  patients, even if Cannabis is “legal”.

At approximately 10:30am on September 5th, Rev. Daren McCormick and Rev. Kevin James were visited by the RCMP at which time they proceeded to search their property located in Loch Broom Nova Scotia Canada, where they were growing Cannabis for            Patients.  Rev. Kevin James explained to RCMP that they were licensed plants and who they belonged to.  The RCMP produced no warrant yet they proceeded to search both outside and inside their home.

They were  both incarcerated by the RCMP for growing, and trafficking Cannabis.  They both remained incarcerated for 24 hours before being released.  Rev. Kevin James was denied medication for seizures during the stay.

Over 1000 plants were taken by the RCMP as well as a small indoor  grow. Personal items of the two men were taken in the search such as legal documents, witness lists and an antique Bow that hung above the fireplace belonging to Daren’s Grandfather, a family     heirloom dating back to 1915 that yielded no threat to anyone.

The garden of Cannabis is estimated to be worth well over a million dollars plus and it has been destroyed.  You can’t give back a plant that was pulled from the ground in its natural growing state!

Image may contain: 1 person, smiling, hat   Image may contain: 1 person, standing, sky, plant, tree, grass, outdoor and nature

WE OPERATE UNDER CANNATHEISM and our congregational collective is via the Church of the Universe: the Universe is our Church

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Above:  The Global Incident Map publishes the bust.

Pictou RCMP dismantle grow-op, seize marijuana in Loch Broom

Image may contain: dog, plant, outdoor and nature

Above:  Rev. Kevin James Service Dog “Molly” was not charged in the raid!

He has also posted these status updates on Facebook concerning the events:

FROM ONE HONORABLE MAN TO ANOTHER

FOR POSTING US ON THIS MAP 🙂 DOES THIS MEAN WE MADE IT TO THE BIG BOY LIST LOL

FACEBOOK LAND OF CANNABIS ACTIVISTS AND OIL MAKERS AND HEALERS…

“Officers of the court have no immunity, when violating a constitutional right, for they are deemed to know the law”

I just read the search warrant they used to destroy the plants.

Daren Mccormick has 4 new cannabis charges, and i have 5 new charges… in last 10 days… heads up…

AFTER HAVING BEEN CONTACTED BY SEVERAL PATIENTS WE TENDED GARDENS FOR FROM ACROSS CANADA..

Q. If a patient revokes the DG status of a grower and they get caught growing anyway… say 850 plants x 4 crops a year and do it for 4 years or so…. and the patient receives zero from their garden… thats diversion…

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ARTICLES ON KENTUCKY MARIJUANA PARTY ABOUT DAREN

Canada just became the 2nd country in the world to legalize marijuana

Canada marijuana

Jeremy Berke  25 m

  • Canada just became the second country in the world to legalize marijuana nationwide. Legal sales are set to begin October 17.
  • The bill passed Canada’s Senate 52-29 on Tuesday evening.
  • Prime Minister Justin Trudeau promised during his 2015 campaign to legalize marijuana.
  • Marijuana stocks surged on the news on Wednesday morning.

Canada is the second country in the world to legalize marijuana, paving the way for recreational sales throughout the country.

Canada’s Upper House of Parliament on Tuesday evening approved the revised bill 52-29, making Canada the first G7 country to legalize marijuana. Uruguay did so in 2013.

Prime Minister Justin Trudeau said on Wednesday that legalization would officially take effect on October 17, citing provincial requests for more time to develop retail infrastructure.

“It’s been too easy for our kids to get marijuana — and for criminals to reap the profits,” Trudeau said in a tweet on Tuesday evening. “Today, we change that. Our plan to legalize & regulate marijuana just passed the Senate.”

What the bill does

Bill C-45, known as the Cannabis Act, legalizes marijuana but leaves it up to each province to decide how to sell it. Some provinces, like Ontario, are planning on provincially run outlets, while others, like Alberta, will open up marijuana retail to the private sector.

The federal government set a minimum age of 18 to purchase marijuana, though some provinces have indicated they will raise the age to 19, mirroring liquor-purchase laws. The bill makes the distribution and sale of marijuana to minors an offense.

marijuanaIt’s Canada’s moment. REUTERS/Andres Stapff

Recreational sales are expected to begin in eight to 12 weeks, according to Reuters.

The bill was part of a promise that Trudeau’s Liberal Party made during the 2015 campaign to keep marijuana out of young people’s hands and move the illicit market into a regulated framework.

“I’m feeling just great,” Sen. Tony Dean, who sponsored the bill in Canada’s Senate, told the Canadian Broadcasting Corporation. “We’ve just witnessed a historic vote for Canada. The end of 90 years of prohibition. Transformative social policy, I think. A brave move on the part of the government.”

Activists applauded the move

Cannabis activists cheered the move on Wednesday morning.

“Canada should be applauded for taking bold and decisive steps towards ending the failed prohibition of marijuana,” Hannah Hetzer, the senior international policy manager for the Drug Policy Alliance, said in a statement. “Canada’s progress will galvanize support for drug policy reforms in the US and all around the world.”

Erik Altieri, the executive director of the National Organization for the Reform of Marijuana Laws, echoed Hetzer’s sentiment.

“We applaud Canada for showing federal legislators in the United States what can be accomplished with true leadership and dedication to sound public policy,” Altieri said in a statement.

Marijuana stocks are surging

Marijuana stocks surged on the news on Wednesday morning.

The Canadian Marijuana Index, an aggregate measurement of all publicly listed marijuana stocks in Canada, was up 3.3% as of 10:45 a.m. The overall North American index, which includes US stocks, was up 2.3%.

Golden Leaf Holdings, a cannabis company listed on the Canadian Securities Exchange, was the biggest gainer, with the stock surging 6.8%.

Legalized marijuana is expected to be a boon for Canada’s economy. The Canadian Imperial Bank of Commerce, one of the country’s largest banks, predicts that Canada’s legal marijuana market will be a $6.5 billion industry by 2020.

Several Canadian marijuana firms, including Aurora Cannabis and Canopy Growth Corporation, are seeing a wave of investor excitement around marijuana legalization. Marijuana companies have been capitalizing on that liquidity to go on acquisition sprees.

Read more cannabis industry coverage:

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