Active medical cannabis registrations and overall spending on the medicine in Canada fell to their lowest levels since before recreational marijuana was legalized in late 2018.
Matt Lamers
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Cannabis firm Nextleaf Solutions loses longtime CEO Pedersen
Paul Pedersen, longtime CEO of Canadian cannabis firm Nextleaf Solutions, has stepped down, the company’s board of directors announced.
UK committee calls for wider access to ‘unlicensed’ medical cannabis
The United Kingdom’s Home Affairs Committee is recommending the government widen access to unlicensed cannabis-based products for medical use via the National Health Service before the end of the current Parliament.
Somai wins EU-GMP certification for Portugal cannabis facility
Somai Pharmaceuticals said it received European Union-Good Manufacturing Practice (EU-GMP) certification from the Portuguese health authority Infarmed.
Medical cannabis reimbursements for Canadian veterans rise to CA$167 million
Medical cannabis reimbursements by Veterans Affairs Canada in the 2022-23 fiscal year recorded an all-time high, according to the latest figures.
Australia, Israel top destinations of Canadian medical cannabis exports
Australia and Israel were the top markets for Canada’s medical cannabis exporters last year, as the quantity of flower shipped overseas continued to surge, according to new figures shared by Health Canada with MJBizDaily.
Cannabis ‘edibles’ crackdown takes bite out of Indiva’s sales
Canadian cannabis producer Indiva’s net revenue took a hit in the second quarter because of the loss of sales from its Life Lozenges brand stemming from Health Canada’s crackdown on “erroneously” classified edibles products.
Bahamas looks to establish medical cannabis industry
The Bahamas has introduced a package of legislation to decriminalize cannabis for medical, research and religious purposes and establish a legal medical marijuana industry.
Canadian cannabis exports surge 50% to CA$160 million in 2022-23
Amid declining medical cannabis sales in Canada’s domestic market and cutthroat competition in the adult-use industry, some licensed producers are increasingly looking to overseas markets for a financial lifeline.
Craft cannabis firm Atlantic Cultivation buying insolvent Tantalus brand
Craft cannabis cultivator Atlantic Cultivation is acquiring the brand of insolvent marijuana producer Tantalus Labs, the companies announced Monday.
Canadian wildfires appear to have little impact on cannabis supplies
Health Canada said two licensed cannabis companies have voiced concerns about the wildfires in British Columbia, but the federal regulator told MJBizDaily it has yet to receive any reports the blazes have destroyed marijuana crops.
S&P discontinues Canadian, international cannabis stock indices
Two indices tracking the performance of cannabis businesses on North America’s largest stock exchanges have been discontinued amid waning investor interest in marijuana stocks and billions in losses suffered by the companies.
