Sales of medical marijuana in Denmark posted healthy gains in the third quarter of 2020, coinciding with the launch of GW Pharmaceuticals’ cannabis drug Epidiolex. Overall sales of all medial cannabis products grew from about 13 million Danish Krones ($2 million) in the second quarter to almost 16 million Danish Krones in the third quarter, […]
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Insurance-covered medical cannabis reimbursements decline again in Germany
Public health insurance reimbursements for cannabis in Germany have fallen for the second straight quarter. Unless this drop is being offset by an increase in private prescriptions, it means that total sales of medical cannabis in Germany – Europe’s largest market – are decreasing. (Data for private prescriptions is not available.) It is the first […]
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First prescriptions of high-THC products imminent in Peru
Khiron Life Sciences – a Toronto-based company with its main operations in Colombia – announced Thursday that it completed the first export from Colombia of high-THC medical cannabis products. They were imported into Peru. The first prescriptions of the products in Peru are expected to be filled in December through a partnership with pharmacy chain Farmacia […]
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Argentina redraws medical cannabis rules, allowing home cultivation
Argentinian authorities published a new decree aiming to address the shortcomings of the rules governing the country’s medical cannabis sector, which has largely failed to materialize since an initial law and decree were approved in 2017. The new decree replaces the 2017 version, which did not facilitate meaningful access to medical cannabis and, by extension, […]
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More medical cannabis products available in Peruvian pharmacies
The first finished, registered cannabis medicine became available to patients in Peruvian pharmacies this week, Marijuana Business Daily has learned. The product, Epifractan, is manufactured in Uruguay by Ramm Pharma and imported into Peru by Cann Farm, holder of the registry with the Peruvian General Directorate of Medicines, Supplies and Drugs (DIGEMID). Magistral preparations first […]
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Danish medical cannabis market sees positive quarter
Denmark’s medical cannabis pilot program notched another positive quarter, but the number of unique consumers remains well below the trial’s peak of a year ago. The Danish market’s struggles demonstrate how businesses need to factor market ebbs and flows into their projections rather than counting on consistent, perpetual growth. In the second quarter of 2020, the […]
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Newly enforced law might harm Italy’s medical cannabis market, pharmacies warn
Italian regulators have reminded pharmacies they are barred from shipping medical cannabis preparations to customers, a major departure from how patients have accessed the medicine for years in the southern European country. Business and patient groups warn that a government crackdown on such shipments – based on a 30-year-old law – could turn back the […]
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New CBD product available under prescription in Peru
A new medical cannabis product is available in Peru, another sign the market is moving in the right direction in terms of business opportunities. Toronto-headquartered Khiron Life Sciences, a company with its main operations in Colombia, said it became the “first company to sell and fill medical cannabis prescriptions through private pharmacies in Peru.” Khiron’s […]
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Insurance-covered medical cannabis falls for the first time in Germany
Insurance reimbursements for cannabis in Germany dropped for the first time – on a quarterly basis – since the current medical program started in early 2017, according to new data for the quarter ended June 30, 2020. The reason: Prices fell while the number of prescriptions barely grew. This is consistent with Marijuana Business Daily’s […]
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Red tape hampers Peru’s medical cannabis market, but new products expected soon
Medical marijuana companies seeking to serve patients in Peru have been stymied by government red tape, but that appears to be slowly changing with a handful of products poised to begin trickling into the Andean country. A Lima-based company said it was able to import CBD oil in bulk into Peru for the first time, […]
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Cannabis opportunities growing in these five international markets
Patience might prove to be a virtue when it comes to the five nations outlined here. These countries don’t offer cannabis entrepreneurs an opportunity to cash in quickly—at least not yet. Rather, the five selected countries, which span from Europe to Latin America and Oceania, are worth keeping tabs on for their potential business opportunities […]
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Top international cannabis opportunities
Not a week goes by without a prognosticator foretelling an international marijuana industry worth a bajillion dollars between five and 50 years from now. But what about today’s markets? It turns out there are some healthy, and growing, medical marijuana markets outside the United States and Canada—assuming you can look past the cannabis industry fan […]
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