Asia & Oceania

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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Though a ‘positive step,’ WHO recommendations on cannabis fall short for some

The World Health Organization (WHO) made great strides in its recommendations on how cannabis should be scheduled, but the global industry believes there’s more work to be done. Martin Jelsma, drugs and democracy program director, at the Netherlands-based Transnational Institute, emphasized to Marijuana Business Daily that there are “very positive elements in the WHO recommendations,” including: Recognition […]

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Victoria’s aim to be Australian ‘cannabis capital’ challenged by patient access issues

An Australian state’s ambition to be the nation’s “medical cannabis capital” is unlikely to succeed unless market access for local patients substantially improves, experts note. Patient access to medical cannabis remains a serious concern despite marked improvements over the past year. “The crux of the problem is, we can’t produce medical cannabis products for our market […]

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In unusual move, Thailand to revoke foreign patent requests on marijuana

Thailand’s military government ordered the Department of Intellectual Property (DIP) to revoke within three months foreign companies’ patent applications that include cannabis. The move is unusual, according to one analyst, but would be concerning only if other countries follow Thailand’s lead. Concerns have persisted for months that international companies could use patents to squeeze out […]

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Philippines medical cannabis bill advances, but it’s not law yet

A bill to legalize and regulate medical cannabis in the Philippines was approved on its second reading in the House of Representatives this week, but steps remain before it can become law. The measure would open MMJ access to patients for a wide variety of uses and call for the creation of a Medical Cannabis […]

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Cannabis firms in M&A hunt look beyond Canada for growth

Canadian medical cannabis companies are increasingly looking internationally for acquisitions to tap growth while consolidation in the country’s marijuana sector continues to steam ahead. Last year, 140 U.S. cannabis companies were targets of mergers and acquisitions, a substantial increase over 2017’s 86, according to data compiled by Viridian Capital Advisors and shared with Marijuana Business […]

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