Ontario-based ABcann Global plans to acquire British Columbia’s first licensed cannabis producer, Canna Farms, for 133 million in Canadian dollars.
Matt Lamers
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Ontario’s cannabis pivot could create massive retail opportunities
A week after it was reported that Ontario froze leasing efforts for its monopoly cannabis retail chain, Canada’s largest province appears to be on the verge of handing adult-use marijuana sales entirely to the private sector.
More Canadian employers include coverage for medical marijuana
More employers across a broad range of Canadian industries are adding medical marijuana to employee benefits plans, potentially boosting the MMJ market.
United Kingdom legalizes medical cannabis prescriptions
Medical marijuana will be available by prescription in the United Kingdom by autumn after it was formally approved by the government Thursday.
Licensed marijuana cultivation in Canada exceeds 10 million square feet
Facilities licensed by the Canadian government to cultivate cannabis surpassed 11 million square feet (1 million square meters) for the first time in June.
‘Blistering’ growth in German medical cannabis market
Data from the Federal Institute for Drugs and Medical Devices (BfArM) in Germany provides a rare snapshot of the quantity of medical cannabis needed to meet demand in the world’s largest federally regulated MMJ market.
Lebanon weighs medical cannabis laws as Israel drags feet
While cannabis companies in Israel await export approval, neighboring Lebanon is reportedly considering turning to MMJ to improve its economy. Global consulting firm McKinsey & Co. recommended legalizing medical cannabis to Lebanon’s cabinet earlier this month,...
‘Breakthrough’ in South Korea as cannabis law gets major backer
A move to legalize medical marijuana in South Korea picked up a key backer, increasing its chances of approval by the end of this year.
Marijuana firm LivWell International prepares launch, Canadian exchange listings
Alberta-based 51st Parallel, an affiliate of Denver-based LivWell Enlightened Health, announced a series of transactions Monday that will result in the creation of LivWell International, the companies said in a news release, setting up both for global expansion.
Germany restarts bids for medical marijuana growers, won’t meet national demand
Germany restarted the application process to grow medical cannabis in the country, but the amount called for remains well short of anticipated demand.
Former aide to Ontario premier: Decision ‘within weeks’ on cannabis retail
A key member of Ontario Premier Doug Ford’s inner circle thinks the new premier could make a decision cannabis sales in Canada’s largest market within weeks.
Oceanic, Canopy snag Newfoundland’s newest cannabis stores
Newfoundland and Labrador announced five new recreational cannabis stores, bringing to 29 the total number of sales points in the province. Ontario-based Canopy Growth won two licenses, and local player Oceanic Releaf received three. Newfoundland is expected to...
