International Marijuana Business News

Canadian cannabis prices continue falling ahead of legalization

The average combined price for nonmedical and medical cannabis has fallen 10.6% since the first quarter of 2016, according to new data from Statistics Canada. The latest data from StatsCan pegs the average combined cost of nonmedical and medical cannabis at 6.74 Canadian dollars ($5.19) per gram in the second quarter. Wholesale marijuana prices are […]

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Earnings highlights: Hedge fund billionaire Leon Cooperman bets on cannabis; two firms deliver solid Q2 results

Share prices at cannabis firms Green Thumb Industries and Tilray are on the rise after solid second-quarter performances – and mainstream investors are taking note, with at least one hedge fund billionaire throwing his support behind the industry. The two businesses reported their first earnings as newly public companies after the markets closed Tuesday. Here’s […]

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Argentina medical school’s cannabis course could open MMJ business opportunities

The medical school at Argentina’s Universidad Nacional del Sur – or the National University of the South – will offer a course on the use and prescription of medicinal cannabis to third-year students. The country’s nascent MMJ program – created in 2017 – has been hobbled by a lack of domestic supply, high prices and […]

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New Zealand grants first medical cannabis business license

New Zealand’s health ministry has given a private company permission to cultivate medical cannabis – representing a first in the country and a milestone for the industry. Manu Caddie, CEO of Hikurangi Cannabis Co., said the MMJ industry in New Zealand is in store for significant growth, according to The New Zealand Herald. The first […]

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Lack of ‘meaningful’ consultation hinders First Nations’ participation in Canada’s cannabis industry

Businesses with identified First Nations affiliations make up only 5% of Canada’s licensed cannabis producers, a fact that indigenous leaders blame on the federal government’s failure to adequately consult with communities over the legalization of marijuana. Six of Canada’s 115 licensed producers have affiliations – including financial or other partnerships – with First Nations communities […]

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Nova Scotia places first recreational cannabis order

The Nova Scotia agency that regulates recreational marijuana distribution in the province placed its first purchase orders last week. The Nova Scotia Liquor Corp. (NSLC), in preparation for the Oct. 17 launch date of Canada’s adult-use cannabis market, ordered 3.75 million grams (8,267 pounds) of cannabis from 14 Canadian licensed producers. NSLC expects to order […]

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Ontario cannabis producer choices praised for diversity, but supply concerns loom

Ontario’s sole legal online retailer for recreational marijuana signed agreements with a diverse group of producers to supply the province with cannabis when Canada’s adult-use market opens in October, but some analysts think it might not be enough. The Ontario Cannabis Store (OSC), the government-operated cannabis retailer, entered into agreements with 26 licensed cannabis producers in […]

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Report: Aurora Cannabis in talks to buy Uruguay-based ICC Labs

(This story has been updated from an earlier version.) Alberta-based Aurora Cannabis is reportedly in negotiations to purchase ICC Labs, a licensed integrated cannabis company in Uruguay. In a press release, ICC Labs declined to comment on any specific negotiations that may be ongoing. The deal could be a significant change in a jurisdiction that, […]

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