Asia & Oceania Cannabis Industry & Marijuana Business News

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

(Update: The proposed law died in the Senate after President Rodrigo Duterte had a change of heart and withdrew his support.) Original: 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 […]

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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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Canadian marijuana companies raised landmark CA$12 billion in 2018

Marijuana firms in Canada raised a record 11.96 billion Canadian dollars ($9 billion) last year as they prepared to meet demand in the new adult-use market and grow their medical operations globally. That represents a 150% increase over 2017, when Canadian companies raised CA$4.7 billion, according to data compiled by Viridian Capital Advisors and shared […]

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Chinese delegation will visit Israel to explore medical cannabis opportunities

A Chinese delegation from business and research circles is planning to visit Israel in the coming days to explore opportunities in the medical cannabis sector. Cannabis for medical use remains illegal in China, but if the country’s position changed – even just on CBD, it could open significant business opportunities in the world’s most-populated country. Other […]

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Australia medical marijuana turns corner as patient count surpasses 2,000

Australia’s medical cannabis market is gaining momentum, as approvals for the medicine surpassed 2,000 for the first time. The country saw 568 medical cannabis approvals in November, a 42% increase on-month, bringing the total number of approvals for the first 11 months of 2018 to 2,072, according to the Therapeutic Goods Administration (TGA), which regulates medical […]

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