The number of authorized medical cannabis patients in Israel has more than doubled in the past two years – topping 70,000 – despite persistent supply and regulatory challenges, according to new data from the Israeli Medical Cannabis Agency (IMCA).
Matt Lamers
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British Columbia to reserve shelf space for Indigenous cannabis producers
Shelf space in British Columbia’s privately and publicly owned recreational cannabis stores will soon be reserved to highlight products from Indigenous producers.
BC cannabis sector getting farm-gate – but not until 2022
British Columbia is developing farm-gate and direct delivery programs to benefit cannabis industry businesses and expects them to be rolled out in 2022.
Report: Australia cannabis sales near AU$100 million as consolidation looms
Australia’s market for medical cannabis is expected to triple this year to about AU$95 million ($70 million) in product sales, according to a new report published by North Sydney-based data firm FreshLeaf Analytics. However, FreshLeaf said it analyzed 37 companies...
Ontario cannabis firm Hexo announces fourth chief financial officer in two years
The chief financial officer carousel is turning once again at cannabis producer Hexo Corp.
The Ontario, Canada-headquartered company said Trent MacDonald will take over as the company’s next CFO.
Canadian cannabis producer Zenabis gets fourth CEO in two years
Consumer packaged goods veteran Shai Altman took the reins of Zenabis earlier this month as the cannabis producer’s fourth chief executive within the past two years.
New Zealand cannabis market estimated at NZ$1.5 billion, 74,000 kilograms
Roughly 74,000 kilograms (74 metric tons) of cannabis is consumed annually in New Zealand’s illicit market, with a retail value of up to 1.5 billion New Zealand dollars ($1 billion), according to newly released research by Wellington-based Business and Economic...
Australia sees 5,000 cannabis patient approvals for second straight month
Roughly 5,270 patients were approved for medical cannabis treatment in Australia in August via the SAS Category B pathway, the second month in a row the country recorded more than 5,000 individual approvals. The August figure represents a 5% drop from the previous...
Village Farms buying balance of Pure Sunfarms as cannabis M&A ‘improving’
Village Farms International is acquiring all the outstanding shares of cannabis producer Pure Sunfarms it does not already own. Vancouver, British Columbia-based Village Farms, which controls 58.3% of Pure Sunfarms, has reached a definitive agreement to buy the...
Canopy confirms layoffs at Niagara-on-the-Lake cannabis facility
Cannabis producer Canopy Growth has implemented more layoffs, this time at its operation in Niagara-on-the-Lake, Ontario, the company confirmed. "Canopy Growth did conduct a number of layoffs in Niagara-on-the-Lake as a part of the larger...
4% of Canadian cannabis licensees Indigenous-affiliated, with systemic barriers ‘baked into system’
Just over a dozen Indigenous-affiliated cannabis companies have wound their way through Health Canada’s marijuana licensing process in the past 18 months, according to new data provided to Marijuana Business Daily.
Ontario to double pace of new cannabis store approvals
Ontario’s cannabis store regulator will double the number of stores it licenses per month, signaling faster growth on the horizon for Canada’s largest adult-use marijuana market.
