Worldwide spending on legal cannabis is forecast to reach $57 billion by 2027, led by growth in North America and Europe, according to a new report by Arcview Market Research and BDS Analytics. North America will continue to see the most spending on legal cannabis,...
A burgeoning cannabis producer with aspirations of being a global leader has appointed a longtime Coke and Molson Coors executive as its new CEO. Torsten Kuenzlen took the helm of Alberta-based Sundial Growers this week. The move illustrates how Canadian cannabis...
International investors are eyeing Greece as a draft bill on medical cannabis moved out of committee this week, positioning the country to be the next to ride the European Union’s medical cannabis wave. Parliamentary committees approved the government's draft bill...
Canopy Growth, the largest medical cannabis company in the world by sales, is planning to list its shares on the Nasdaq, a move that would make it only the second vertically integrated MMJ business to be traded on a top American stock market. CEO Bruce Linton...
A Canadian cannabis company is being investigated by a securities regulator after two of its directors sold millions of dollars worth of shares only days before it announced a large equity financing. The licensed producer, Maricann Group, also failed to disclose to...
Aurora Cannabis received the green light from Canada’s Competition Bureau to proceed with its acquisition of CanniMed Therapeutics, clearing the way for the creation of the second-largest marijuana company in the country. The acquisition puts the Alberta-based...
The largest drugstore chain in Canada, Shoppers Drug Mart, continues to secure medical cannabis deals ahead of what is expected to be a tight supply market for the product, at least in the near term. In the latest deal, Aurora Cannabis agreed to become a medical...
Toronto-based Nuuvera has signed an offtake agreement with Verve Dynamics, a licensed medical cannabis producer in the kingdom of Lesotho.
Lesotho, a landlocked country located within the borders of South Africa, was the first African country to regulate the cultivation and production of medical marijuana products.
A key Israeli parliamentary committee came to a consensus on the urgent need to approve medical cannabis exports - which insiders consider crucial for the creation of a sustainable MMJ industry - and vowed Monday to push for a quick resolution. That clears an...
A Canadian marijuana company will become the first “pure play” cannabis listing on a major U.S. stock market, an important milestone for the cannabis industry.
Cronos Group, one of Canada’s largest vertically integrated medical marijuana companies, will start trading Tuesday on the Nasdaq Global Market under the symbol CRON. Cronos will maintain its listing on Toronto’s TSX Venture Exchange.
The marijuana industry is fighting a high-stakes court battle to force the Israeli government to approve medical cannabis exports sooner rather than later. The decision by industry advocates to go to court comes as Israeli lawmakers prepare to debate the country's...
Cannabis use among Canadians 15 years and older increased more than twofold between 1985 and 2015, according to new data released this week by Statistics Canada, indicating that the potential market for recreational cannabis is still growing. Adult-use marijuana is...
