Canadian cannabis stocks are down over 40% since peaking in early January, leading analysts to speculate about what might ultimately trigger a rebound.
Matt Lamers
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Nova Scotia unveils recreational marijuana legislation
Nova Scotia became the latest province in Canada to unveil its legislative framework for recreational cannabis, laying down the ground rules for sales and consumption. While the bill leaves retail entrepreneurs on the sidelines, Nova Scotia boasts tax credits...
Medical cannabis bill advances in South Korea
A revised law to permit the use of medical marijuana in South Korea is scheduled for review by key lawmakers in the Legislative Welfare Committee later this month, the first real test for the bill since its introduction in the legislature two months ago. It has been...
Big Canadian banks warming to legal marijuana industry
The chief executive of one of Canada’s largest banks said it would weigh financing cannabis companies after legalization takes place later this summer.
Ohio company wins contract to build Alberta’s cannabis website
An Ohio company has been selected to develop Alberta’s online platform for recreational cannabis sales. OnX Enterprise Solutions, headquartered in Cincinnati, will be responsible for building and managing the platform for three years, with options to extend the term...
German court hits brakes on medical cannabis cultivation plan
A German court slammed the brakes on the country’s plan to grant contracts to cultivate medical marijuana, giving international exporters an even bigger head start over domestic production as the country struggles to meet MMJ demand.
A representative for the Higher Regional Court of Dusseldorf told Marijuana Business Daily that the Federal Institute for Drugs and Medical Devices (BfArM) is not allowed to appeal the decision.
Fourth Canadian pharmacy chain plans medical marijuana sales
A large network of independently owned pharmacies in Canada is securing medical cannabis supply, becoming the fourth pharmacy chain to launch efforts to enter the fast-growing MMJ market.
Pharmasave, which operates a network of 650 stores across Canada, signed a letter of intent with British Columbia-based medical marijuana cultivator Zenabis for the supply of MMJ.
Dried medical cannabis exports from Canada rise tenfold in 2017
Canadian licensed producers are exporting a record amount of medical cannabis in their drive to establish toeholds in burgeoning overseas markets.
Shipments of dried medical marijuana have soared since 2015, according to data shared with Marijuana Business Daily by Health Canada.
Just over 522 kilograms of dried cannabis was exported to four countries last year, more than 10 times the 44.8 kilograms shipped abroad in 2016.
Australian state to investigate legalizing recreational cannabis
Australia's second-most populous state will explore international developments around "cannabis for adult use" as part of its investigation into drug law reform. In a 586-page report, a parliamentary committee in Victoria recommended the creation of a council to...
In a first, Africa exports medical marijuana to Canada
A company in southern Africa has sent the first-ever shipment of medical cannabis from Africa to Canada, a milestone that illustrates how global the international MMJ industry has become in recent years.
The medical cannabis was shipped from the landlocked nation of Lesotho on March 26 and is expected to arrive at its destination in Vancouver, British Columbia, in the coming days, Marijuana Business Daily has learned.
Medical cannabis producer Cronos taps major bank for planned CA$100M stock sale
Licensed producer Cronos Group is looking to raise up to 100 million Canadian dollars ($78 million) in what would be only the second equity financing between one of Canada’s biggest banks and a medical marijuana company.
Marijuana monopoly ‘detrimental’ to legalization objective, says think tank
Ontario’s plan to lock private owners out of the retail recreational marijuana market may run counter to the nation’s objective for legalization, according to a new analysis of the province’s plan.
