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.
Israeli police told the operators of the cargo terminal at Ben Gurion Airport, the country’s main international airfield, to stop shipments of medical marijuana, The Israeli Cannabis Magazine reported.
Canadian cannabis retailer High Tide is offering employees temporary pay bumps to improve staff retention and help front-line workers weather inflationary pressures, MJBizDaily has learned, as rising overall costs take a greater toll on businesses and consumers.
Canadian cannabis producer Canopy Growth reached a deal with noteholders to trade 255.4 million Canadian dollars ($198 million) of debt for shares and cash, thereby reducing a substantial portion of its convertible debt set to mature next year.
New York-headquartered cannabis producer Tilray Brands said it will cover travel and accommodation expenses, and provide paid time off, for its United States-based employees who need to travel out of state for reproductive health care.
Switzerland’s seven-member Federal Council has presented Parliament with an amendment to the country’s Narcotics Act to remove the ban on medical cannabis, effectively opening the door to a wider addressable market.
An estimated 22.2 million adults in the European Union, or 7.7% of the population, consumed cannabis in the past year, according to a report by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA), which compiled research from dozens of surveys.