Asia & Oceania Cannabis Industry & Marijuana Business News

Cannabis the most widely used drug globally, UN World Drug Report says 

Marijuana was the most widely used drug around the world in 2017, with an estimated 188 million consumers that year, according to a new report from the United Nations. The 2019 World Drug Report provides an overview of the international supply and demand of cannabis, as well as other drugs. The data also underlines the […]

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Billionaire-backed Chinese firm plans Asia’s first e-commerce CBD platform

A company backed by United Kingdom billionaire Jim Mellon and Nuuvera co-founder Lorne Abony plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products. The pair are part of a group of investors in Hong Kong-headquartered Regent Pacific that is closing in on a $15 million all-stock takeover of […]

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New Thailand medical marijuana regulations enable exports

Thai regulators have adopted key rules governing the production, distribution and export of medical cannabis, laying the groundwork for businesses looking to expand in the new industry. The regulations were approved by the Cabinet last week, about five months after Thailand legalized marijuana for medical use, according to Reuters. The new regulations stipulate that marijuana […]

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Governor of US territory Guam signs recreational marijuana bill into law

Guam Gov. Lou Leon Guerrero signed the Cannabis Industry Act into law Thursday, clearing the final legislative hurdle for the creation of a new industry for entrepreneurs on the Western Pacific U.S. island. The law will regulate the consumption, sale and production of adult-use cannabis. The nearby Northern Mariana Islands, another U.S. territory, approved a regulated recreational […]

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Guam’s Senate approves legal foundation for adult-use cannabis industry

The Western Pacific island of Guam is set to become the second American territory to create a recreational marijuana industry, pending only the approval of Gov. Lou Leon Guerrero. The neighboring Northern Mariana Islands approved creation of an adult-use cannabis market last year. Guam’s law will regulate the use, production, sale and taxation of cannabis while also […]

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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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UN Commission on Narcotic Drugs delays vote on WHO cannabis recommendations

The United Nations Commission on Narcotic Drugs (CND) will not vote on the World Health Organization’s cannabis recommendations at its March session in Vienna. That news comes after the release of the recommendations, which had been expected in December, was delayed. The proposal, made by the World Health Organization’s Expert Committee on Drug Dependence, could have […]

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South Korea’s medical marijuana law to go into effect in March

A groundbreaking law legalizing medical cannabis in South Korea that takes effect March 12 will pave the way for the first import of certain THC- and CBD-based medications. Although approved products will remain tightly restricted, the new law marks a significant milestone in the global industry and a turning point in how the drug is perceived in […]

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Singapore may allow scientifically proven medical cannabinoids

(This story has been updated to include a statement from Singapore’s Health Sciences Authority. – Ed.) Singapore’s government signaled it could be ready to follow regional neighbors Thailand and South Korea in allowing pharmaceutical products containing cannabinoids. “It is important to differentiate between products containing unprocessed or raw cannabis and pharmaceutical products containing cannabinoids,” the […]

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Aurora’s European marijuana production center expects first sales in mid-2019

The first “saleable” harvest from Canadian cannabis giant Aurora’s Nordic 1 facility in Denmark is expected to be ready by the end of first quarter 2019, the company disclosed in a regulatory filing released alongside its quarterly earnings this week. Products would be available the following quarter. Aurora is one of the Canadian cannabis firms […]

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