An executive order to implement bulk cannabis exports from Denmark went into force Jan. 1, according to the Ministry of Health, putting Danish medical marijuana companies on a solid footing to compete across the European Union.
Matt Lamers
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Ontario releases rules for next week’s marijuana store lottery
Ontario released its rules for prospective entrepreneurs who want a chance to win a license in next week’s cannabis retail lottery. The province announced it was switching to a lottery system in mid-December due to “severe supply shortages across the country.” The...
‘Investors smell opportunity’: Bermuda courts cannabis industry
Bermuda is lifting a regulatory ban on marijuana investment funds, a move that could grow the pool of international capital available for the legal cannabis industry and blaze a trail for other offshore financial centers. It is part of the British island territory's...
Australia medical marijuana turns corner as patient count surpasses 2,000
Australia’s medical cannabis market is gaining momentum, as approvals for the medicine surpassed 2,000 for the first time. The country saw 568 medical cannabis approvals in November, a 42% increase on-month, bringing the total number of approvals for the first 11...
Americans eye Canada’s cannabis edibles market, but wary of costly regulations
U.S. marijuana companies are keeping a close eye on the development of Canada’s edibles sector, but executives say the regulations proposed by Health Canada will be burdensome for manufacturers - and ultimately make them less competitive with the illicit market....
Canada’s draft regulations for cannabis edibles ban alcohol brands, cap THC
Canada’s health department unveiled its draft regulations for edible cannabis and infused beverages, extracts and topicals, to establish parameters for a new wave of businesses and entrepreneurs aiming to capitalize on the country’s marijuana industry. The formal...
Ascent appeals marijuana license revocation, lays off a third of Canadian staff
Vancouver-based Ascent Industries has appealed Health Canada's decision to revoke the license of its subsidiary, Agrima Botanicals, after the agency said the marijuana company conducted “unauthorized activities with cannabis.” Ascent also laid off 30 Canadian...
Philippines president withdraws support for medical marijuana law
A proposed medical marijuana law in the Philippines died in the Senate after President Rodrigo Duterte had a change of heart and withdrew his support.
New Zealand sets ‘binding’ cannabis legalization referendum
A week after approving medical marijuana, New Zealand’s government announced that a binding referendum on ending cannabis prohibition will be held alongside the general election in 2020. If the prohibition is struck down, New Zealand would be the first Group of Twenty...
‘Severe supply shortage’ forces Ontario to start with only 25 cannabis retailers; licensed producers barred
Canada’s largest marijuana market is set to adopt a phased approach to cannabis retail due to “severe supply shortages across the country,” the Ministry of Finance announced Thursday, capping the early rollout to no more than 25 stores. The licenses will be issued by...
Howard Dean, Lloyd Axworthy join marijuana firm’s International Advisory Board
Amid growing scrutiny of cross-border deals in the marijuana industry, Nanaimo, British Columbia-based Tilray has formed an International Advisory Board consisting of global government and business leaders to provide guidance to its executive team.
Female-focused marijuana company first to offer clones in Canada
Ontario-based Natural MedCo has become the first company in Canada to offer marijuana clones for sale to legal recreational consumers, achieving a first-mover advantage for an untapped and underserved consumer segment. Natural MedCo's Eve brand - which bills itself as...
