Asia & Oceania Cannabis Industry & Marijuana Business News

New Zealand makes move to legalize medical marijuana

A bill to legalize medical marijuana in New Zealand will be introduced this week in the nation’s Parliament, and it will be done by the country’s health minister, a move that signals serious political support for MMJ. Not many details have been released yet about the legislation or what type of industry infrastructure it would […]

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Medical marijuana cultivation now an official farming sector in Israel

Israel is classifying medical marijuana cultivation in the same farming sector as traditional agriculture. The Agricultural Ministry’s decision means up to 20 farmers will qualify for government aid in the form of grants, water quotas and training, The Jerusalem Post reported. The reclassification of Israel’s MMJ farmers follows an August announcement that the nation plans […]

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MA holding company helps Israeli MMJ firm expand US reach

Medical marijuana research firm Tikun Olam has expanded its partnership with a canna-centric Massachusetts holding company that will eventually increase the Israeli business’ U.S. footprint to seven states. Under its new agreement with Newton, Massachusetts-based holding company MariMed, Tikun Olam’s MMJ products will be grown, manufactured and sold in four states where MariMed has a presence – […]

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Latest medical cannabis market launches Down Under

Medical marijuana is now legal on the island state of Tasmania, which is technically part of Australia. The limited program launched Friday, according to the Hemp Gazette, with patients able to purchase MMJ only through pharmacies. But the spread of new medical marijuana markets on a global scale is yet another indication the industry isn’t […]

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Israeli, Canadian firms partner to run four US marijuana facilities

An Israeli medical marijuana company is teaming up with a Canadian firm with the goal of opening four MMJ production facilities in the United States. Israel-based Panaxia and the Canadian Bioceutical Corp. have signed a contract in which CBC will finance the four projects while Panaxia will oversee construction and then manage the operations, Israeli […]

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Research pioneer Israel approves exporting medical marijuana

Israel has approved the export of medical marijuana, and some 500 growers have applied for licenses to ship MMJ to other countries. In approving MMJ exports, a committee of representatives from the finance and health ministries estimated that Israel’s economic potential from medical cannabis exports could reach 1 billion shekels to 4 billion shekels a […]

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Australian medical cannabis firm targets Balkans

A medical cannabis company in Perth, Australia, has signed a distribution agreement with a Slovenian company to expand the MMJ market in Europe. Under the deal, Australia-based MGC Pharmaceuticals will grow and process cannabis at its cultivation and extraction sites in Europe and then wholesale the products to Mikro+Polo, according to the Business News of […]

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Australian companies ramping up for medical marijuana market

Australian businesses looking to enter the nation’s nascent medical cannabis market are doing plenty of prep work, including raising millions and signing partnership deals. Within recent days, Perth-based AusCann was at the center of two such related developments. The publicly traded company on Wednesday revealed it is attempting to raise 10 million Australian dollars ($7.4 […]

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Tilray to export medical cannabis to New Zealand 

Tilray, a federally licensed cultivation company based in Nainamo, Canada, will begin exporting medical cannabis to New Zealand before the end of February. It’s the latest overseas deal for Tilray, which is owned by Seattle-based private equity firm Privateer Holdings. Both the Canadian and New Zealand governments have approved the MMJ exports, Tilray announced in […]

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Israel moves toward becoming a medical cannabis exporter

Israel, already a leading cannabis research power, could become a major player in the international marijuana business landscape after a government committee approved draft legislation allowing the export of medical marijuana. The green light from the ministerial committee on legislation means the measure will proceed as a government-backed bill, AFP reported. But a government statement […]

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Israeli MMJ lab company expanding to North America

An Israel-based company that specializes in quality-control testing equipment and standards for medical cannabis is using a newly raised $1 million in investment capital to expand its business operations into the North American market, the latest indication the marijuana industry is quickly going global. The firm, Cannabi-Tech Ltd., did not specify in a press release […]

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