International Marijuana Business News

What cannabis shortage? Canada has ‘sufficient supply,’ Ottawa says

Canada’s federal government says the country has more than enough legal cannabis to meet demand even as some provinces complain about shortages. “The data is clear: There remains sufficient supply to meet and exceed existing demand,” Bill Blair, Canada’s minister in charge of marijuana, said Wednesday via Twitter after receiving queries from Marijuana Business Daily. […]

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In race to win Europe, Aurora Cannabis and other Canadian companies pursue EU-GMP

In an effort to add to their international credibility and gain leverage over competitors, more Canadian medical marijuana firms are aiming to achieve one of the highest levels of quality certification in the world. Only a handful of licensed cultivators in Canada qualify for the EU-Good Manufacturing Practices (EU-GMP) certification, giving them an advantage when […]

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Cannabis products firm Slang lists on Canadian exchange after buying Organa Brands

Unlike many of its predecessors, Slang Worldwide (CSE: SLNG) saw a relatively stable first day on the Canadian Securities Exchange, opening at 2 Canadian dollars ($1.51) and closing at CA$1.99. The branded consumer products cannabis company, went public Tuesday on the Canadian Securities Exchange with an implied market value of $541 million (CA$718 million). The […]

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Medical marijuana firm Khiron expands in South America with CA$13.7M acquisition

Khiron Life Sciences Corp., an integrated medical cannabis company with core operations in Colombia, has agreed to buy Uruguay’s NettaGrowth International in a deal valued at 13.7 million Canadian dollars ($10.3 million). NettaGrowth is in the process of completing its acquisition of Dormul, which secured a cannabis cultivation license in Uruguay with capacity up to 120 […]

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79 applications received for 13 contracts to cultivate medical cannabis in Germany

German officials report high interest in domestic cultivation, with 79 applications submitted for the 13 contracts to be granted. The first application process to select cultivators, which drew 118 applicants despite more stringent minimum requirements, had to be restarted due to legal challenges. The German Federal Institute for Drugs and Medical Devices (BfArM) must now review the applications and […]

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In unusual move, Thailand to revoke foreign patent requests on marijuana

Thailand’s military government ordered the Department of Intellectual Property (DIP) to revoke within three months foreign companies’ patent applications that include cannabis. The move is unusual, according to one analyst, but would be concerning only if other countries follow Thailand’s lead. Concerns have persisted for months that international companies could use patents to squeeze out […]

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Ontario Cannabis Store offers opportunities for delivery, insurance firms

(This story has been updated with the application deadline for transportation and delivery services. – Ed.) The Ontario Cannabis Store (OCS) is looking to expand its network of partners, including for same-day deliveries and risk management services. Adding same-day home delivery service – including an interface that links to its website – “to meet customers’ expectations is imperative […]

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Chart: US-affiliated medical cannabis firms led fundraising on Canadian Securities Exchange in 2018

U.S.-affiliated medical cannabis companies dominated Canadian Securities Exchange (CSE) fundraising in 2018, raising nearly $2 billion through 50 equity-related deals. As of December 2018, 47% of the 124 cannabis-related companies trading on the CSE were based in the United States or had U.S. assets or interests. Cannabis-related companies in the life sciences sector – which […]

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Half of Canada’s cannabis cultivation applicants in limbo

More than half of the cannabis site applications in Canada had not transitioned to the new licensing system as of the end of 2018, meaning their applications are effectively in regulatory limbo and not being scrutinized by the country’s cannabis regulator. Only 409 of the 839 cannabis site applications in the queue to be cannabis cultivators […]

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Davos report: Europe could be world’s largest medical marijuana market in 5 years

Europe’s three largest medical cannabis markets could double in size in 2019, making this a “transformative” year for the European market, according to a new report by United Kingdom-based analytics firm Prohibition Partners, launched alongside the Davos World Economic Forum. The European cannabis market’s value skyrocketed last year, with 500 million euros ($560 million) already invested […]

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‘Reckoning’ coming: Licensed cannabis cultivators, applicants near 1,000 in Canada

More companies than ever are lining up to be licensed cannabis cultivators in Canada despite an increasingly competitive market outlook, according to new data from the country’s regulatory body for cannabis producers. As of Dec. 31, 2018, almost 840 site applications were in the licensing pipeline, Health Canada told Marijuana Business Daily. That’s a 30% […]

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