International Marijuana Business News

Canadian firms stockpile marijuana oil ahead of infused market launch

Canadian companies hoping to capitalize on the launch of new cannabis product categories later this year are building up inventories of cannabis oil – the key ingredient for those products – according to the latest data from Health Canada. Finished inventory of cannabis oil reached almost 60,000 liters through February, more than double the 28,000 […]

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Police deny probe involving Canadian cannabis firm Ascent; company says otherwise

Vancouver-based Ascent Industries said it is cooperating with an investigation by the British Columbia anti-gang police unit into “certain activities at Ascent,” but the agency denies such a probe exists “at this time.” A spokesperson for the Combined Forces Special Enforcement Unit of British Columbia (CFSEU) said Ascent has been “speaking” with the agency, but […]

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Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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Canopy’s Linton predicts ‘massive shakeout’ in CBD sector

(This article has been updated to correctly state the purchase price of Ebbu – Ed.) As CBD’s popularity continues to surge, companies that invest in data, research and branding as key differentiators will be better positioned for long-term success, Canopy Growth CEO Bruce Linton said at a cannabis conference in Toronto. “Water’s free, and you can make […]

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Reports: Canopy Growth to buy Acreage Holdings, creating North American cannabis giant

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Canada’s Canopy Growth is close to a deal to acquire New York-based marijuana multistate operator Acreage Holdings, multiple sources, including CNBC and Bloomberg, reported Wednesday. If true, it would be the first cross-border deal involving a Canadian marijuana licensed […]

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Legal dried cannabis in Canada struggles to compete with illicit market on price

Dried cannabis in Canada’s legal market is significantly more expensive than it is in the illicit market, according to new crowdsourced data collected by Statistics Canada. Market watchers say that could be one of the reasons the country’s legal sales have been so poor in the first six months of legalization – along with a […]

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Brazilian cannabis import authorizations top 1,000 in the first quarter of 2019

Brazilian authorities continued to approve permits to import medical cannabis at an increasing rate through the first quarter of 2019. According to data provided to Marijuana Business Daily, Brazil’s National Sanitary Surveillance Agency (ANVISA) granted 884 new authorizations and 170 renewals during the first quarter of 2019 – more than one-third of all the authorizations that were […]

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Canada’s adult-use cannabis market boosts Organigram’s Q2 results

Higher plant yields helped New Brunswick-based Organigram slash its “all-in” cost of cultivation to 85 Canadian cents per gram (63 cents) – among the lowest in the industry – on gross revenues of CA$33.4 million in its second fiscal quarter results. The results for the period December to February take into account the company’s first […]

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Marijuana Business This Week: German medical cannabis contracts, CBD self-regulation, MMJ group’s bank account closed & more

Here are some notable stories and events to watch for in the coming days: MAKING IT OFFICIAL: Contracts between Germany’s Federal Institute for Drugs and Medical Devices and the three companies it tentatively selected to cultivate and distribute its medical cannabis could be formalized as early as Wednesday after a mandatory 10-day appeals process expires. […]

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