International Marijuana Business News

Surterra partners with Intrexon in $100 million licensing cannabinoid deal

Surterra Wellness, an Atlanta-based cannabis company with operations in Florida and Texas, announced it will partner with Hungary’s Intrexon Corp. in a $100 million licensing deal aimed at biosynthetic cannabinoid production. Surterra would use Intrexon’s proprietary yeast fermentation platform to boost its cannabinoid production. Surterra is a privately held company; Intrexon trades on the Nasdaq […]

Read More

Breakthrough in Brazil: Regulators eye domestic cannabis cultivation, creation of product registration plan

Brazil could become the latest country to regulate the domestic cultivation of medical cannabis, according to the government body responsible for regulating marijuana – a move that will have major implications for the industry when the rules take effect. At a public meeting last week, the National Sanitary Surveillance Agency (ANVISA) collegiate directors approved two draft […]

Read More

Marijuana Business This Week: Canopy, Acreage shareholders vote, Springfield selects, OK inspects & more

Here are some notable stories and events to watch for in the coming days: DAY OF DECISION: Shareholders of Canopy Growth and Acreage Holdings are scheduled to vote Wednesday on the much-heralded mega-merger of the two companies. If consummated, it would become the first major Canadian/U.S. cannabis transaction. Each company’s shareholders will vote separately. At least […]

Read More

‘Massive step for country’ as Canada unveils rules for new cannabis products

Canada unveiled final regulations Friday that will enable the sale of cannabis edibles, extracts and topicals later this year, unlocking what is forecast to be a multibillion-dollar federally regulated industry. Businesses expect to start shipping a limited selection of new products in December after the rules take effect Oct. 17. A wider selection will not be available […]

Read More

Affiliate of Canadian firm Hexo wins Greek cannabis license

An affiliate of Quebec-based cannabis producer Hexo has received a license allowing it to establish cultivation, processing and manufacturing facilities in Greece, the company announced Thursday. Greece aims to compete with Denmark, Portugal and Malta as a hub to meet demand for medical cannabis in Europe. The affiliate, Hexo Med, is planning to construct a […]

Read More

Billionaire-backed Chinese firm plans Asia’s first e-commerce CBD platform

A company backed by United Kingdom billionaire Jim Mellon and Nuuvera co-founder Lorne Abony plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products. The pair are part of a group of investors in Hong Kong-headquartered Regent Pacific that is closing in on a $15 million all-stock takeover of […]

Read More

Quebec’s government-run cannabis stores lose CA$5 million

Quebec’s recreational marijuana retailer lost nearly 5 million Canadian dollars ($4 million) in its first fiscal year, citing supply challenges and build-out costs. The fiscal year ran from October 2018 – when adult-use cannabis was legalized – through March 30. Receipts at Société Québécoise du Cannabis (SQDC) totaled roughly CA$71 million during that time. Sales […]

Read More

Germany’s medical cannabis market prioritizes efficacy over unfettered access

Germany may be the largest and fastest-growing medical cannabis market in Europe, but signs are emerging from medical and regulatory circles that should serve as a warning to marijuana companies planning to commercialize medicines without conclusive clinical trials. In fact, businesses based on science and efficacy may see a competitive advantage in Germany in the […]

Read More

Marijuana, hemp side by side at MJBizConNEXT & Hemp Industry Daily Conference in New Orleans

The cannabis industry is in New Orleans this week for MJBizConNEXT with attendees having the option to specifically focus on either marijuana or hemp – or both, for that matter. That’s because, for the first time, Marijuana Business Daily is hosting side-by-side conferences for both varieties of the cannabis sativa plant, Wednesday-Friday at the Ernest […]

Read More

Ontario issues call for edible, alternative marijuana products

Ontario’s cannabis wholesaler has issued a call for new product categories – including marijuana edibles, beverages, topicals and extracts – to be introduced in Canada’s largest consumer market later this year. The Ontario Cannabis Store is inviting federally licensed producers to identify their ability to supply the new products. And, amid product shortages in the […]

Read More

Despite Italy’s ‘cannabis light’ court ruling, low-THC business continues as usual

The obituary for Italy’s thriving “cannabis light” industry – stemming from an apparently unfavorable court decision – was highly premature, local industry leaders told Marijuana Business Daily. They noted the ruling surrounding low-THC cannabis was ambiguous and the full version is still unavailable. A “cannabis light” industry has been booming in Italy since 2017, when […]

Read More