International Marijuana Business News

Major Canadian insurance company adds medical marijuana coverage

One of the largest insurance companies in the world is including medical cannabis as an option on its Canadian group plans. Starting next month, Sun Life Financial will allow companies to add medical cannabis to group health plans as optional coverage. Sun Life’s decision could breathe fresh life into the growth of Canada’s medical cannabis […]

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Liquor titan’s CEO: Alcohol companies eyeing cannabis industry

The CEO of one of the world’s largest liquor companies says the alcohol industry is keeping close tabs on the marijuana market – with one eye on the future. “We look at it closely. The whole sector is watching it closely,” said Alexandre Ricard, the CEO of Pernod Ricard, The Telegraph reported. Pernod Ricard is a […]

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Marijuana analyzer company raises $2.25 million

An Israeli company that has been working on a commercial-scale cannabis analyzer has completed a $2.25 million Series A-1 round of funding. GemmaCert, based in Tel Aviv, will launch its cannabis potency analyzer by the same name this week in San Diego at the Emerald Conference, a gathering focused on science and cannabis. The GemmaCert […]

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Latin America Update: Marijuana business developments in Chile and Argentina

(Part of Marijuana Business Daily’s ramped-up coverage of the global cannabis market includes a series examining recent marijuana legalization and business developments worldwide. Other installments focused on Colombia, Uruguay, and Brazil, Paraguay and Peru.) While Canada and the United States dominated marijuana headlines over the past year, their neighbors in Latin America also made some […]

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New disclosure rules open door to fresh funding, M&As for Canadian cannabis companies in US

The flow of financing and acquisitions involving cross-border marijuana companies is expected to pick up after new risk-disclosure rules were unveiled last week that provide greater clarity for Canadian companies with U.S. operations, said analysts and executives. The updated requirements from the Canadian Securities Administrators (CSA) were anticipated after the regulatory group said in January it would […]

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Israel hits pause on medical marijuana exports; Cronos exec not concerned 

Israel Prime Minister Benjamin Netanyahu has suspended reforms on plans to allow cannabis growers to export their product due to concerns that MMJ could find its way to the black market. One Canadian company that expanded to Israel last year, Stayner, Ontario-based Cronos Group, said the regulatory delay doesn’t change its strategy, and the licensed producer still aims […]

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Tilray raises CA$60M to sharply boost global cannabis production

Tilray said it raised 60 million Canadian dollars ($47 million) in financing that will allow the licensed producer to ramp up marijuana production capacity nearly fivefold this year to meet demand in Europe and Canada’s rapidly expanding medical cannabis markets. The additional money puts Tilray in a position to increase annual capacity in Canada and Portugal […]

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South Korean lawmaker introduces bill to legalize medical cannabis

A lawmaker with South Korea’s ruling Democratic Party is attempting something that would have been unthinkable even one year ago in the socially conservative country — legalizing and regulating medical cannabis. Rep. Shin Chang-hyun introduced a bill to revise the Act on the Control of Narcotics to permit the use of medical marijuana. Shin is […]

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India’s marijuana industry ‘just getting started,’ says executive

India’s leading purveyor of traditional medicine is trying to pry open the country’s medical and industrial cannabis markets and, in doing so, create the largest medical marijuana market in the world. Hundreds of scientists employed by Patanjali Ayurved Limited are researching the benefits of various indigenous Indian plants, including cannabis, for use in medicines and other […]

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‘Launchpad to Asia’: Cronos pulls veil off Australian joint venture

Cronos Group unveiled its Australian joint venture and the first phase of a 10-million-Australian-dollar ($8 million) production facility, the latest move by a Canadian company to carve out opportunities to meet demand Down Under and position itself to capitalize on future possibilities in Asia. It’s the first Canadian company to help build a medical cannabis company in Australia […]

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New Zealand lawmakers advance one medical marijuana bill, reject another

New Zealand’s Parliament advanced a bill that would lay the groundwork for a regulated medical cannabis industry but rejected a separate bill that would have established a more full-fledged market and allowed home cultivation. If the government’s bill wins final approval – or Royal Assent – from the country’s Governor-General, it would ultimately create a domestic […]

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Singapore looks to develop national strains of synthetic medical cannabis

Singapore is investing millions of dollars in a medical cannabis research program that will explore treatments for a range of diseases, including those related to metabolism, reproduction and the age-related diseases Alzheimer’s and Parkinson’s. It’s part of a 25 million Singapore dollar ($19 million) research initiative called the Synthetic Biology Research and Development Program that […]

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