After years of delays, the Knesset - Israel's Parliament - unanimously approved a law to permit exports of medical marijuana late Tuesday. Some analysts believe the move could unlock a market worth up to $4 billion. To assuage concerns from...
Kevin Huhn
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Thailand legalizes marijuana for medical use, research
Just one month after a proposed law breezed through a key hurdle, Thailand’s National Legislative Assembly voted 166-0 (with 13 abstentions) to allow medical marijuana and cannabis research.
FDA maintains ban on CBD in food, but promises further review
While the President’s signature on the 2018 Farm Bill legalized hemp and its derivatives, how those derivatives are used is still under the purview of U.S. Food and Drug Administration.
Weekly Deal Watch: Brand development, scale drive cannabis dollars
Cannabis firms have raised more than $13.7 billion in 2018 as U.S.-based operators work to grow their domestic footprints and Canadian cannabis companies consider international opportunities.
IGC Resources, Westleaf Cannabis close CA$20M raise, including Tilray investment
Alberta marijuana companies IGC Resources (TSXV: IGC.H) and Westleaf Cannabis closed a brokered private placement of 20 million Canadian dollars ($15 million), including CA$2.9 million from British Columbia-based Tilray. The capital raise was...
Weekly Deal Watch: Investor bets on US cannabis firms continue to climb
This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves.
Weekly Deal Watch: Need for scale fuels US cannabis consolidation
Marijuana firms are looking at unique deals and new markets to build scale and raise funds for future growth.
Sunniva acquires California-based cannabis distributor
Vancouver, British Columbia-based Sunniva (Canadian Securities Exchange: SNN) has acquired LTYR Logistics, a California-based cannabis distribution company in a stock deal valued at 7.9 million Canadian dollars ($5.9 million). LTYR Logistics,...
Weekly Deal Watch: Cannabis capital continues to bloom, with YTD total more than fives times larger than a year ago
Through Nov. 16, cannabis firms across North America have raised $13.1 billion. That’s more than five times the amount raised during the same period in 2017.
Attorney: Utah medical cannabis compromise ‘undermines’ voters’ decision
A pair of pro-marijuana groups in Utah accused the Mormon church of "extreme undermining" with regards to a medical cannabis ballot measure. The letter, sent by attorney Rocky Anderson on behalf of the groups Together for Responsible Use and...
Tips for success in Uruguay’s blossoming cannabis industry
One year ago, Uruguay’s cannabis industry was still working on implementing new regulations. Today, 17 companies have been licensed in some form and roughly 20 more have projects under government analysis. If all the projects are approved, industry investment could...
Weekly Deal Watch: Cannabis funding frenzy highlights how much capital is ‘still on the sidelines’
This week was the single largest capital raise week for the industry, bolstered by the official close of Constellation’s investment in Canopy Growth.
