A big year for cannabis in Canada
A big year for Cannabis in Canada
A lot happened in 2018 - here are some of the highlights
October 17, 2018 will be featured prominently in Canadian history books. By legalizing cannabis, Canada made a bold decision that will have all kinds of implications for domestic politics and public life, and it became a model that could influence drug policies across the world.
However, a lot happened in 2018 even before legalization. Here's a recap of some of the biggest dates in a monumental year – for both Canada's cannabis industry and Emerald Health Therapeutics.
January 24: The Trudeau government commits $1.4 million toward 14 projects studying the effects of legalizing cannabis.
February 15: The Senate passes a timeline for the highly anticipated Bill C-45, the Cannabis Act.
February 22: Emerald Health Therapeutics is ranked number one on the TSX Venture 50 in the Clean Technology & Life Sciences sector. This is the second consecutive year Emerald Health is recognized as a top-performing company.
March 5: Health Canada issues a cultivation licence for Pure Sunfarms’ 1.1 million-square foot Delta 3 greenhouse operation in Delta B.C.; Pure Sunfarms is a joint venture co-owned by Emerald Health and Village Farms International.
April 17: Emerald Health launches Emerald Health Naturals, a joint venture selling non-cannabis health products that support the endocannabinoid system.
May 2: Emerald Health acquires Agro-Biotech Inc., a licensed producer in Saint-Eustache, Quebec with a 75,000-square foot production facility.
June 19: The Senate passes the Cannabis Act into law, but it won’t take effect until October.
June 28: Russia’s Ministry of Foreign Affairs condemns Canada’s plan to legalize cannabis.
July 19: Emerald Health acquires Northern Vine, a Health Canada-licensed and accredited cannabis biotechnology laboratory.
July 30: Pure Sunfarms receives a sales licence from Health Canada for its 1.1 million-square foot greenhouse, making it one of the largest cannabis-growing operations in Canada.
July 31: Shoppers Drug Mart and Manulife announce they will partner to offer first-of-its-kind cannabis insurance coverage.
September 21: Statistics Canada estimates that Canadians could spend up to $1 billion on legal cannabis between October and December.
October 3: Newly elected Quebec premier François Legault announces that the province will raise the legal age for cannabis consumption to 21. Previously, Quebec had announced that its legal age would be 18.
October 11: After initially stating that Canadians who work in the cannabis industry could be banned for life from the U.S., U.S. Customs and Border Protection clarifies that they can still travel to the U.S., just not for business-related purposes.
October 17: After 95 years of prohibition, recreational cannabis is officially legalized in Canada. The federal government also announces that it will pardon Canadians who have simple cannabis possession charges.
October 18: The day after cannabis legalization, some provinces announce their first-day sales figures. Quebec saw 12,500 in-person and 30,000 online transactions; the Nova Scotia Liquor Corporation brought in $660,000 in revenue; total sales in Prince Edward Island surpassed $152,000; Alberta’s online store made about $730,000; and, British Columbia’s online store had 9,137 orders.
November 21: Yang Qu at the University of New Brunswick becomes the first Canadian with the title of cannabis health research chair.
December 16: The Canadian Press names cannabis legalization the Business News Story of the Year.