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Matt Lamers

Matt is based in the Greater Toronto Area and covers international cannabis markets for Marijuana Business Daily. Previously, he worked as a business editor, photographer and reporter for newspapers and magazines in three countries, covering everything from the oil and gas industry in northern British Columbia to North Korean defectors in Seoul.

CannTrust’s Q1 revenue doubles on medical marijuana sales; net income up

Ontario, Canada-based CannTrust Holdings reported that first-quarter revenue more than doubled from a year earlier, mostly on the back of rising medical marijuana sales, while the company’s net income inched higher. Adult-use sales, however, struggled. First-quarter revenue jumped 115% from a year earlier to 16.9 million Canadian dollars ($12.6 million), thanks to strength in the […]

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Don’t expect a major rollout of infused cannabis products in Canada until 2020

Infused cannabis products won’t be widely distributed in Canada until 2020, according to one of the leading experts in the field – but businesses shouldn’t drag their feet on preparations. Regulatory hurdles and logistical challenges will likely push distribution of most products into 2020, according to Tom Ulanowski, president of Vancouver, British Columbia-based Nextleaf Labs. Vape pens […]

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5 key takeaways from MJBizDaily’s European Cannabis Symposium

With Europe fast becoming a cornerstone in the global medical marijuana industry, business leaders from dozens of countries descended on Copenhagen to discuss emerging opportunities in the burgeoning market. Capital markets, partnerships and more were on the docket Monday at Marijuana Business Daily’s inaugural European Cannabis Symposium in Denmark, one of the countries leading the medical […]

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Draft infused cannabis regulations in Canada should be eased, group says

An industry group representing cannabis-infused beverage makers in Canada wants the government to ease proposed regulations to put businesses on a more competitive footing with the illicit market. The newly formed Cannabis Beverage Producers Alliance (CBPA) has 10 member organizations, including Province Brands, Hill Street Beverage Company and Lifford Cannabis Solutions. In a submission to […]

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Danish medical cannabis market sees significant growth in first year

The number of patients who received medical cannabis prescriptions in Denmark more than tripled in the initial year of the country’s program, exceeding expectations of executives in the country. However, more needs to be done to lower prices, expand product selection and further improve access, the executives said. Prescriptions of medical cannabis products in Denmark […]

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Canada’s first nursery license marks ‘key point’ in cannabis industry’s development

Canada’s cannabis regulatory agency issued its first nursery license to Alberta-based InPlanta Biotechnology – a milestone that could lead to a more diversified selection of marijuana from a wider variety of genetics and a more competitive legal market. The new license category allows holders to produce and sell marijuana and hemp genetics, including seeds and […]

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Moosehead, Sproutly Canada to launch cannabis-infused beverages

Moosehead, the largest fully Canadian-owned brewery, is partnering with Sproutly Canada to make nonalcoholic, cannabis-infused beverages – marking the latest major brewery to make a splash in the marijuana sector. Moosehead and Sproutly entered into a definitive agreement to form a joint venture, with each holding 50% ownership. Sproutly CEO Keith Dolo told Marijuana Business Daily […]

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Ontario’s legal adult-use cannabis sales hit new low

Hobbled by the bungled rollout of physical stores and inconsistent inventory at the monopoly online retailer, sales of legal adult-use cannabis in Ontario hit a fresh low in the month of February. Receipts at the Ontario Cannabis Store declined to just 7.5 million Canadian dollars ($5.6 million), down from almost CA$9 million in January, according […]

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On deck in Denmark – cultivation and export: Q&A with Cannabis Denmark CEO Rikke Jakobsen

Danish and international companies are opening their wallets to make Denmark a cultivation and research hub in Europe, putting the country in direct competition with lower-cost jurisdictions such as Israel, Greece, Malta and Portugal. And with the first year of Denmark’s medical cannabis trial program in the books, industry sources say the country is on […]

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