International Marijuana Business News

Breaking down the big deal behind Constellation’s bet on cannabis and Wall Street’s involvement

Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]

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Bruce Linton discusses deploying CA$5 billion, Canopy’s commitment to international growth

(This story has been updated from an earlier version.) Canopy Growth, a Canadian medical marijuana giant, is taking a massive 5 billion Canadian dollar ($3.8 billion) investment and going all in on worldwide medical and recreational cannabis business opportunities, the company’s CEO, Bruce Linton, said Thursday during an exclusive, wide-ranging question-and-answer session at MJBizConINT’L in Toronto. Constellation Brands […]

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‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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US ancillary cannabis company Kush Bottles expands into Canada

Another U.S. marijuana company is expanding into the Great White North. California-based Kush Bottles, a major provider of packaging, supplies, vaporizers and other accessories for the cannabis industry, announced it is launching Kush Supply, a subsidiary based in Toronto. This follows several other business forays by U.S. cannabis companies into Canada, including Oregon-based Cura Cannabis Solutions, […]

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Constellation invests CA$5 billion in cannabis giant Canopy in deal financed by BofA Merrill Lynch

Global liquor giant Constellation Brands plans to significantly increase its ownership in Canopy Growth by investing an industry-record 5 billion Canadian dollars ($3.8 billion) to make the marijuana titan its exclusive global MJ partner. Constellation will acquire 104.5 million shares directly from Canopy Growth for CA$48.60 per share, giving the New York-based company – which owns, […]

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Canadian company cancels $8.3 million deal to buy Maine marijuana grow operation

Canada-based C21 Investments has nixed a deal to spend up to $8.3 million for a cultivation operation in Maine that subsequently was linked to an alleged black-market grow. The Bangor Daily News reported Tuesday the cancellation of the deal, which C21 had disclosed June 28 in a news release. C21, which has made a flurry […]

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Multibillion-dollar marijuana industry takes the stage at MJBizConINT’L

There is no end in sight to business opportunities in the multibillion-dollar international cannabis industry, experts said Tuesday as the inaugural MJBizConINT’L kicked off in Toronto. More than 2,000 marijuana entrepreneurs and investors from 31 countries are gathering for the three-day, international-focused conference to explore strategies that include: Tapping into international investment capital. Building a global cannabis […]

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Canadian firm gobbles up OR marijuana edibles maker in deal worth up to $11M

Canada-based C21 Investments continued its blistering U.S. acquisition pace, announcing Monday it is acquiring Oregon’s Grön Chocolate in a deal worth up to $11.2 million. C21 CEO Robert Cheney said in a news release that adding the upscale edibles maker is a critical addition to the vertically integrated MJ company’s strategy to aggressively compete in […]

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Ontario scraps government monopoly, adopts private retail plan for adult-use cannabis market

Ontario’s new retail framework for recreational cannabis will start with online-only sales when legalization takes effect Oct. 17,  with a network of privately owned stores expected to be in place by April 1.

The new retail plan, first reported by Marijuana Business Daily, is a complete overhaul of the previous government’s commitment to opening only a small number of publicly owned stores.

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Facebook making it harder to find marijuana businesses, regulators

Marijuana-related companies, regulators and trade groups around the globe recently stopped appearing in Facebook searches, becoming casualties of what appears to be the social media platform’s latest attempt to filter results related to “marijuana” and “cannabis.” The phenomenon is known as “shadow banning,” in which posts on an online social community such as Facebook, Twitter […]

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US territory makes adult-use cannabis legalization breakthrough

(This story has been updated from a previous version, correcting who introduced the bill in the House.) The House of Representatives in the Northern Mariana Islands (CNMI) – a U.S. commonwealth in the Pacific – approved a bill to legalize and regulate cannabis for medical and recreational use. If the bill becomes law, the Islands would […]

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