Malaysia has opened the door to the possibility of legalizing medical cannabis, but industry sources warn against expecting any immediate breakthrough in the staunchly conservative country.
Matt Lamers
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Ontario to cap licensed cannabis producers to one retail outlet each
Canada’s licensed producers of marijuana will be restricted to opening one retail location each in Ontario if new legislation is approved, a move that would pull the rug out from under the country’s biggest companies that had planned to roll out expansive retail operations in the province.
Aurora Sky cannabis facility’s price tag soars to CA$150 million
The cost to build Aurora Sky - one of the biggest cannabis facilities in Canada - has jumped to 150 million Canadian dollars ($115 million), Aurora Cannabis said in a regulatory filing released this week alongside its earnings report. That’s a substantial increase...
Cannabis companies open wallets to Canada’s top C-suite talent
With an influx of top executives from the clean-cut sectors of investing and pharma, executive compensation at Canadian cannabis companies is slowly aligning itself with other sectors.
Deadline looms for Germany cannabis cultivation bid, but entry barriers are high
Months after the initial process was derailed by lawsuits, the German Federal Institute for Drugs and Medical Devices (BfArM) reissued the country’s first tender bid to cultivate and process medical cannabis domestically.
Calgary looks to develop Canada’s first cannabis business hub
Alberta’s most populous city is throwing its doors open to the cannabis industry, designating part of a massive industrial park as a cannabis business "hub." "We recognize the opportunity the cannabis industry provides for Alberta and Calgary to diversify its economy...
UK to rely on imports to meet ‘unlicensed’ medical cannabis demand
The United Kingdom likely will lean on imports to supply "unlicensed" cannabis-derived products after medical marijuana becomes available by prescription later this year. A new report by a council studying medical cannabis in the U.K. advises the government...
Canada’s commercial marijuana insurance market gets big backers
Two multinational insurance companies have given the green light to underwriting cannabis-related businesses in Canada, allowing companies in the burgeoning sector to grow their operations while reducing risks and liabilities. Lloyd’s of London and Hub International...
CannTrust, alcohol wholesaler partner for cannabis distribution in Canada
CannTrust – one of Canada’s leading purveyors of cannabis – inked a strategic partnership with Breakthru Beverage Group to establish a cannabis-focused sales brokerage company.
Pharma giant Bayer on cannabis: No decision ‘until we fully understand market’
Monsanto pulled its Health Canada-approved pesticide from the cannabis market months ahead of a planned merger with German company Bayer, but the pharmaceutical giant is not ruling out an eventual entry into the sector.
Germany won’t award first cannabis cultivation licenses until early 2019
Germany intends to award the country’s first domestic licenses for medical cannabis cultivation in the first quarter of next year, with the first crop expected in 2020. The government laid out the timetable in a written response to queries...
Cannabis legislation in Ontario expected in late September
Ontario’s Progressive Conservative government is expected to introduce legislation in late September to regulate the recreational cannabis industry, according to multiple sources with knowledge of the matter.
