The Newfoundland REC retailer with a strong claim to having sold the first legal REC in Canada last year announced that on Wednesday, the Royal Bank of Canada deemed his account “high risk” and cancelled it. Proprietor Thomas H. Clarke said he has been forced to go cash-only.
Maclean’s, CBC Newfoundland and Labrador, VOCM
- Lifford Cannabis CEO Lisa Campbell reported both her company and that of the Cannabis Beverage Producers Alliance had bank accounts frozen by TD Bank in the last month. Campbell reported RBC also later rejected an account application.
Twitter—Lisa Campbell
Quick Hits
- The Conservative Party of Canada, playing into established anti-cannabis sentiments among Chinese immigrant communities, ran an ad in Chinese falsely warning “Trudeau has already legalized marijuana, he now plans to legalize hard drugs!” atop an image of lines of white powder.
Vancouver Sun - One hope for protecting the traditional craft-cannabis infrastructure that brought us all BC Bud might be the BC Craft Farmers Co-Op, which launched this week after spending the summer in public consultation.
GrowthOp
