Matt Lamers

Men hold 93% of Canadian cannabis boardroom positions

Two dozen of the leading cannabis companies in Canada collectively employ only 11 women on their boards, and most – including the market leaders – have not disclosed written policies relating to the identification and nomination of women directors. Analysis of regulatory filings for cannabis companies traded on Canadian stock exchanges reveals that the ratio […]

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Guernsey releases marijuana regulations, licenses first business

A self-governing British Crown dependency in the English Channel updated its licensing regulations for CBD products and the cultivation of cannabis. Guernsey opened the door to medical cannabis and cannabidiol businesses last year by updating its Misuse of Drugs (Bailiwick of Guernsey) Law. Read the related updates for CBD here and here. Celebrated won the […]

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Romania considering legalization of medical cannabis

A legal medical cannabis industry could be in Romania’s future, according to the country’s finance minister. Finance Minister Eugen Teodorovici said the Health Ministry launched a commission to analyze medical marijuana, Romanian television station Digi24 reported. According to the 24-hour news station, Teodorovici said: “I’ve talked to minister Sorina Pintea and found out that this […]

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Canada clamps down on ‘one-click’ age checks for marijuana promotions

One-click authentications of a website user’s age are not enough to ensure cannabis promotions cannot be accessed by young people, according to Health Canada, and the agency expects regulated parties to take corrective steps “in the coming weeks.” Earlier this month, Canada’s cannabis regulator warned regulated parties of their obligation to comply with the Cannabis […]

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Canadian medical cannabis exports tripled last year, as race for European market position intensifies

Exports of medical cannabis from Canada soared last year as the country’s biggest licensed cannabis companies continued to establish beachheads in new medical markets overseas. Shipments of dried cannabis tripled to 1,460 kilograms (3,219 pounds) in 2018, compared with 500 kilograms in 2017 and only 44 kilograms in 2016. Exports of medical cannabis oil doubled […]

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Australian medical marijuana revenues could hit AU$36 million in 2019

Australia’s medical cannabis market could surpass 15,000 patient application approvals by the end of this year, with industry revenues totaling roughly 36 million Australian dollars ($25 million), according to an analyst’s forecast. While both totals may seem low by North American standards, they represent “a decent start” for the country’s emerging medical cannabis industry, said […]

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Ascent to sell Canadian cannabis assets for undisclosed cash amount

Financially troubled cannabis firm Ascent Industries has agreed to sell its Canadian assets for a cash amount that will be disclosed only after the Supreme Court of British Columbia has signed off on the transaction. Ascent was granted creditor protection in early March to address liquidity issues after its cultivation subsidiary, Agrima Botanicals, was stripped […]

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Medical cannabis sales climb in Canada after adult-use legalization

Sales of medical marijuana oil in Canada rose steadily in the months after recreational legalization, bucking a trend seen in some American states that also ended prohibition in recent years. The volume of medical cannabis oil sold in Canada’s regulated market rose to nearly 5,000 kilograms (11,023 pounds) in January compared with the 4,400 kilograms […]

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Israel’s prime minister contemplates adult-use marijuana legalization

Three weeks before the country goes to the polls, Israeli Prime Minister Benjamin Netanyahu said he would weigh legalizing cannabis if his party wins another term, The Jerusalem Post reported. So far, Canada and Uruguay are the only countries to have created regulated markets for adult-use marijuana. Netanyahu’s conservative Likud party is contending with the centrist Blue and […]

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Canada’s dried cannabis supply builds as adult-use sales decline

The volume of dried adult-use cannabis sold in the regulated Canadian market fell in January while inventories continued to build, according to the latest data from Health Canada. In January, 5,330 kilograms of dried cannabis was sold through regulated channels across the country, down 4.5% from December 2018. Inventories of “finished” dried cannabis held by […]

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Billionaire Peltz joins Aurora Cannabis to advise on partnerships, expansion

Nelson Peltz will join Aurora Cannabis as a strategic adviser to help the company lock in partnerships and expand internationally – a move seen as a major vote of confidence for the Canadian company and broader marijuana industry. In exchange, the Edmonton, Alberta-based company will grant Peltz options to purchase almost 20 million shares in […]

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