Asia & Oceania Cannabis Industry & Marijuana Business News

Israeli government to finance 13 cannabis research projects

Israel’s Agriculture and Rural Development Ministry plans to spend 8 million shekels ($2.1 million) on research into cannabis cultivation, biochemistry and medicine. The government is hopeful the research will lead to cannabis-based therapeutic products, the Times of Israel reported. To start, the ministry is financing 13 projects, including seven in the fields of biochemistry and medicine. […]

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Thailand approves hemp cultivation

The cabinet of Thailand’s National Legislative Assembly has approved a proposal to permit hemp cultivation in six provinces in the country’s northern region as part of a project to explore the use of plants for medical purposes. Officials with the Office of the Narcotics Control Board announced Tuesday said the proposal will be implemented in 2017 […]

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Landmark deal: Israeli companies team to market MMJ inhaler

Two Israeli companies have signed an agreement to market an inhaler for medical marijuana, signifying what looks to be the first time a major global pharmaceutical company has agreed to market an MMJ product. Teva Pharmaceutical Industries Ltd. and Syqe Medical said they inked a distribution and cooperation agreement for Teva to exclusively market Syqe’s inhaler, […]

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Thailand’s justice minister continues push to delist marijuana

Thailand’s Justice Minister Paiboon Koomchaya has reiterated his stance to reclassify marijuana from a narcotic drug to a medicinal herb. The official says the government has failed to police marijuana, as well as stimulant kratom, so both plants should be treated as herbs, according to the Bangkok Post. The justice minister has said that prohibition isn’t […]

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Another Canadian medical marijuana firm licensed to export

Aphria, a federally licensed medical marijuana cultivator in Canada, has been chosen to export product to Australian biotech company Medlab Clinical. Medlab Clinical is conducting trials on the use of cannabis to manage pain in cancer patients, according to the Australian Associated Press, and will import a liquid blend of THC and CBD from Aphria […]

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Australia’s MMJ market likely to develop slowly, with big players dominating

By Bart Schaneman Cannabis entrepreneurs hoping to enter Australia’s new medical marijuana market will confront obstacles at the federal and state level, with industry observers predicting a limited number of big companies will come to dominate the business. Australia’s MMJ market also is expected to develop slowly, given complex licensing procedures and strict, costly regulations.

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Australian CBD producer to distribute in Czech Republic

Talk about an international operation. An Australian nutraceutical company that manufactures hemp-based CBD products in Switzerland is planning to sell them in the Czech Republic, according to a news release from the company, Creso Pharma. Creso, a public company that trades on the Australian stock exchange, said it has signed a distribution agreement with the […]

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Australian entrepreneurs can now apply to grow medical cannabis

Australian cannabis business owners can now apply for licenses to grow medical marijuana under the country’s new MMJ law. The Australian government’s Narcotics Drug Amendment Act 2016 took effect on Oct. 30, according to Australia Network News. It allows businesses to grow marijuana for medicine, conduct research on the plant and create marijuana products for medicinal purposes. […]

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Israeli pharmacies to start selling medical cannabis

Israeli pharmacies are gearing up to sell medical marijuana across the nation under the government’s ongoing efforts to liberalize the use and sale of MMJ. Super-Pharm, which has 225 branches across Israel, has been consulting with the nation’s health ministry to allow prescription and provision of medical marijuana by authorized doctors and pharmacists, Israel’s Haaretz […]

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Australian MMJ company lists stock, which soars

An Australian developer of marijuana-based medicines that debuted on the Australian Securities Exchange Thursday saw its stock soar 38% above its offering price before settling in to close 30% above its listing price. The Sydney Morning Herald valued Creso Pharma at about $11.5 million Australian dollars (about $9.7 million). The company (CPH AX) listed on the ASX […]

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Turkey to allow limited MMJ production

The Turkish government has legalized medical cannabis production in 19 of its 81 provinces, but the step forward is quite tentative and has a lot of strings attached. According to Britain’s Independent newspaper, the move by the Ministry of Food, Agriculture and Livestock is intended to combat the black market. But many specifics are unclear. For […]

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