International Marijuana Business News

Canadian marijuana grower spends CA$233M on British Columbia, Australia deals

One of Canada’s largest licensed medical marijuana producers got even bigger, buying rival British Columbia cultivator Broken Coast Cannabis for 230 million Canadian dollars ($185 million) in stock and cash. Aphria, based in Leamington, Ontario, also expanded its presence in Australia, purchasing a 25% stake in an Australian MMJ producer for CA$2.5 million. Aphria’s acquisition […]

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Deal will allow CanniMed to distribute medical marijuana in 17 countries  

A major Canadian licensed producer has sealed an arrangement with a Dutch pharmaceutical distributor to market and sell its medical marijuana products in 17 countries. Saskatchewan-headquartered CanniMed Therapeutics, traded on the Toronto Stock Exchange as CMED, entered into a global marketing and distribution agreement with Fagron NV of the Netherlands. Financial terms were not disclosed. Under […]

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Canadian cannabis companies with US operations must disclose risks

An exchange in Canada dominated by marijuana stocks has asked listed companies with U.S. operations to publicly detail any risks they face after Attorney General Jeff Sessions’ decision to scrap protections for state-legal cannabis businesses. Richard Carleton, chief executive officer of the Canadian Securities Exchange, told Marijuana Business Daily that the exchange contacted all CSE-listed companies with […]

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Australia plans to allow medical cannabis exports

The Australian government plans to allow exports of medical marijuana in an attempt to grab a piece of growing demand for MMJ worldwide. Regulations currently banning exports of medicinal cannabis products will be removed when Parliament resumes in February, according to ABC News. The broadcaster reported that the changes will cover marijuana-based oils, patches, sprays, lozenges […]

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Aurora inks deal to build ‘Europe’s largest’ cannabis facility in Denmark

A Canadian medical marijuana grower is partnering with a major European greenhouse operator to create “Europe’s largest” medical cannabis producer in Denmark, becoming the second licensed cultivator to build a facility in the Scandinavian country. Alberta-based Aurora Cannabis and Alfred Pedersen & Søn (APS) plan to form a joint venture called Aurora Nordic Cannabis A/S […]

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Two companies form ‘Canada’s first’ retail-focused craft cannabis producer

Two British Columbia-based marijuana companies agreed to a merger, creating what they’re billing as Canada’s first retail-focused, craft cannabis producer. DOJA Cannabis, traded on the Canadian Securities Exchange, and Tokyo Smoke are joining forces to form Hiku Brands Company Ltd. Under the terms of the deal, DOJA will purchase all of the issued and outstanding […]

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Mexico to allow sales of marijuana-based products in 2018

Mexico has approved the sale of cannabis-based products, but without any licensed cannabis businesses, the goods must be imported.

Beginning next year, the sale of cannabis-derived medicine, food, beverages, makeup and other products will be permitted in Mexico, according to Reuters.

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Israeli medical cannabis company partners with DC cultivator

A medical marijuana company in Israel that already has a business presence in the United States is expanding that footprint by partnering with a Washington DC-based MMJ grower. Tikun Olam, an Israeli MMJ firm that specializes in genetics, said in a news release that it’s going into business with Alternative Solutions, one of the few […]

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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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Paraguay legalizes medical marijuana cultivation

Paraguay is poised to become the latest nation to reform its marijuana laws with the passage of a bill that would allow the country to begin importing cannabis seeds for cultivation and then government-controlled sale of medical products. According to Reuters, President Horacio Cartes is likely to sign the bill, since it was supported by […]

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Malta seeks to expand medical marijuana program

Malta’s government has proposed allowing all doctors in the country to prescribe medical marijuana. The government published draft legislation Monday that would loosen an existing regulation with so many restrictions that not a single Maltese has been treated legally with marijuana or a cannabis-based product. The new law would allow any general practitioner to prescribe […]

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Greece’s medical marijuana market pushes forward

Investors are making plans to pump money into Greece’s recently legalized medical marijuana market. Cultivators are interested in investing more than 1.5 billion euros ($1.74 billion) to construct greenhouses for growing and manufacturing marijuana, according to the country’s minister of rural development and food. Here’s what you need to know from the Bloomberg report: Prime […]

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