Briefs

Study: Marijuana use in Canada doubled in 30-year span

Cannabis use among Canadians 15 years and older increased more than twofold between 1985 and 2015, according to new data released this week by Statistics Canada, indicating that the potential market for recreational cannabis is still growing. Adult-use marijuana is expected to be legalized federally in Canada late this summer. The new data – released […]

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Pennsylvania misses hemp target, but expansion still coming

Response to Pennsylvania’s plan to expand hemp production has been lower than state officials anticipated. The state set an ambitious goal for increasing hemp production this year by offering more licenses and increasing the acreage farmers can use to develop hemp from 5 acres to 100 acres. Pennsylvania Gov. Tom Wolf said when he announced […]

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CannTrust gets initial OK to list on Toronto Stock Exchange

CannTrust Holdings is set to become the first marijuana company to graduate to Canada’s senior stock market since listing requirements were clarified for companies with U.S. assets. The Toronto Stock Exchange (TSX) has given the Vaughan, Ontario-based company initial approval for the move. As part of its ascent, CannTrust will “assign its interest” in the U.S. intellectual […]

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Viridian: Investment money pouring into cannabis industry

Investors pumped $1.23 billion into the legal marijuana industry during the first five weeks of 2018, nearly matching the $1.29 billion in investments in all of 2016. The $1.23 billion is nearly 600% more than the $178 million invested in cannabis during the first five weeks of 2017, according to research by New York-based Viridian […]

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Canopy, Sunniva ink supply pact in Canada’s biggest marijuana deal

(This story has been updated from a previous version.) Two Canadian producers of medical marijuana have finalized a cannabis supply deal for what would be Canada’s largest transaction between two unaffiliated companies, essentially securing a long-term agreement and mitigating future risks. Smiths Falls, Ontario-based Canopy Growth has agreed to purchase up to 45,000 kilograms (99,000 pounds) of dried […]

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Settlement allows Colorado cannabis retail chain to open three MMJ shops in Florida

The Green Solution, one of Colorado’s largest retail marijuana chains, has received the OK to open three medical marijuana dispensaries in Florida. That approval did not come without a fight, however. The Denver-based company’s expansion into the Sunshine State is the result of a settlement approved this week by commissioners in Osceola County. As part of the […]

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Greek parliamentarians start debating draft medical marijuana law

Greek lawmakers had their first opportunity to debate a draft bill to legalize medical cannabis production that was submitted to Parliament on Feb. 7. The draft law was taken up by the Committee on Production and Trade and the Committee on Social Affairs. Greece’s government has said it wants to fast-track plans to foster a […]

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West Virginia may allow smokable medical cannabis

West Virginia’s medical marijuana board will recommend that state lawmakers allow patients who meet certain requirements to buy smokable forms of the medicine, a move that could boost MMJ sales. Such a move would also buck a trend in several other states that have also legalized MMJ but banned either the sale of marijuana flower […]

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Thailand considering steps to become ‘medical marijuana hub’

A proposed revision to Thailand’s notoriously strict narcotics law would ultimately permit the cultivation and use of medical cannabis across the Asian country. The draft text – completed in late 2017 and currently under review by the Office of the Council of State – would have to be sent to the nation’s Cabinet for approval. […]

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First Louisiana medical cannabis pharmacy targets September opening

The first medical cannabis sale in Louisiana could take place by the end of summer. That’s the proposed timeline for the opening of an MMJ pharmacy in the southern state, slightly two years after Gov. John Bel Edwards signed into law a new but very restrictive medical cannabis program. The pharmacy, Rx Greenhouse, obtained preliminary […]

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Trump administration cautions against hemp expansion

The Trump administration doesn’t want to see hemp expanded nationwide in the next Farm Bill because of concerns about overproduction, an official said Wednesday. Greg Ibach, undersecretary for the U.S. Department of Agriculture, said current hemp regulations are “fairly narrow” and that the Trump administration doesn’t necessarily want to see that change when the Farm […]

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New lawsuit filed over Ohio cannabis cultivation licenses

Six companies that lost out in November when Ohio awarded 24 medical marijuana cultivation permits have filed suit against the state’s Department of Commerce over what they allege was a “flawed scoring process.” According to The (Cleveland) Plain Dealer, the six plaintiff companies are asking a judge to prevent the state from granting 12 large-scale […]

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