The New York Stock Exchange listed its first cannabis cultivator today, marking a key milestone that analysts say makes the industry more accessible to institutional and retail investors – and could draw large American banks to the sector. In its debut, Canopy Growth ended the day down 6.66%, closing at $28.20.Read More
With a potential patient count more than double Canada’s, Colombia’s medical marijuana market is quickly gaining recognition as a legitimate force in the global cannabis industry. The total market for patients with qualifying conditions in Colombia exceeds 5.5 million people, according to QuantilesIMS, a U.S.-based market analytics company. The country, which has long been known […]Read More
A measure to legalize recreational cannabis will be on the ballot in New Zealand in 2019 or 2020, a government official said this week. Lawmakers are deciding whether to hold a stand-alone referendum next year or concurrently with the country’s elections in 2020, according to Radio New Zealand.Read More
A major investment company is putting 1 million Canadian dollars ($780,000) on the table for aspiring cannabis entrepreneurs in Canada. Canopy Rivers Corp.’s program is open to entrepreneurs looking to access Health Canada’s proposed new licenses for micro-cultivation, nurseries, industrial hemp, processing, analytical testing, retailers and other emerging segments. “This is a way to help […]Read More
Proprietors who obtain micro-cultivation licenses in Canada under a new proposal won’t be able to circumvent the canopy limit by growing cannabis on vertically arranged spaces. The proposed limit of 200 square meters for micro-cultivation licensees would be based on the surface area occupied by all of the parts of cannabis plants, not just the floor […]Read More
As interest in Latin America’s medical marijuana industry grows, a major stock exchange in Canada could soon see the first listings from companies with their core operations in Colombia. Khiron Life Sciences CEO Alvaro F. Torres told Marijuana Business Daily the company expects to complete the regulatory paperwork in time to start trading as early […]Read More
While a shortage of marijuana is expected to precede any glut by a number of years, the potential for cannabis commoditization is already a consideration for many licensed cultivators in Canada. Greg Engel, CEO of New Brunswick-based Organigram, said commoditization, at least as it relates to cannabis, boils down to two things: Excess supply over […]Read More
Canada’s beer industry is expressing concern that the recreational marijuana market is going to cut into its profits, and it wants the government to raise the proposed tax to level the playing field. “The potential for legal marijuana to cannibalize beer (in Canada) is much more significant compared to the U.S. because of our higher […]Read More
A draft law to greatly expand medical cannabis regulations in Thailand is expected to be unveiled this week, a move that executives say will open the door to potentially millions of dollars in investments. In the works since last year, the draft narcotics code will permit medical marijuana research on humans. The law will first […]Read More
Canada’s market leader in medical marijuana has applied to trade its shares on the New York Stock Exchange, a move that would make it the first cannabis-producing company to list on the world’s largest stock market.
Smiths Falls, Ontario-based Canopy Growth said in a news release it expects its shares to begin trading on the NYSE “before the end of May” under the symbol CGC.Read More
Canopy Growth, a licensed producer in Newfoundland, has received permission to sell marijuana to consumers at its cultivation facility, a process known as farm gate. It’s an industry-first in Canada that executives hope will catch on nationwide.
Canopy Growth announced this week that consumers will be able to buy cannabis products at a Tweed store on its production site.
So far no other province has indicated it will allow farm gate sales.Read More
The Land of Seed and Honey is throwing its doors wide open to the marijuana industry.
Saskatchewan’s model is being hailed as the best in Canada in terms of creating opportunities for entrepreneurs in areas ranging from cultivation and retail to cannabis-related tourism and security.Read More
- May 21, 2018
- May 18, 2018
Read the Issue