International Marijuana Business News

Brazil postpones vote on key marijuana proposals, raising questions about their future

Voting on resolutions to regulate the cultivation and registration of cannabis-based medicines in Brazil has been postponed, the Agência Nacional de Vigilância Sanitária – or National Sanitary Surveillance Agency (ANVISA) – announced Monday. Voting was originally scheduled to take place Tuesday. The delay throws the future of the groundbreaking proposals in doubt. The reason given for the postponement was […]

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German cannabis firm Demecan secures 7 million euros in financing

German medical cannabis company Demecan has secured 7 million euros ($7.6 million) in financing to expand production in Europe’s largest medical market. The fresh capital – from btov Partners, a European venture capital firm, and a German single family office – comes as international companies establish footholds in the important European Union market. Constantin von der Groeben, Demecan’s managing director, […]

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Date looms for Brazil decision on medical cannabis growing, product registration

Brazil’s Agência Nacional de Vigilância Sanitária – aka National Sanitary Surveillance Agency (ANVISA) – is expected to vote next week on two draft resolutions which could have sweeping ramifications for the medical cannabis industry. If approved, the proposals would for the first time regulate the domestic cultivation of medical cannabis in Brazil and create a […]

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‘Groundbreaking’: 48North’s purchase of US cannabis company signals major shift by TSX Venture Exchange

The TSX Venture Exchange (TSXV) appears to be easing its opposition toward Canadian cannabis companies buying U.S. marijuana businesses. The move would mark a major shift for the Canadian exchange and could open the door to more cross-border acquisitions – provided the deals meet strict conditions. The apparent change in stance comes after a Canadian […]

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Canopy cannabis woes drives huge loss at alcohol giant Constellation

Constellation Brands, the New York-state based alcohol giant, on Thursday reported a net loss of $525.2 million in its most recent quarter, with most of the loss coming from its 38% stake in cannabis company, Canopy Growth. The red ink underscores the uncertainties mainstream companies face when partnering with a business involved in the emerging […]

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Paraguay issues details covering application process for cannabis business permits, with established labs gaining an edge

Paraguay issued detailed guidelines governing the business licensing system for its new medical cannabis program, including the application process for companies hoping to secure a production license. A speedy application timeline – applications must be filed this month – suggests that authorized pharmaceutical laboratories will have an inside edge in winning a production permit. The […]

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$400M invested in Colombia cannabis industry, official tells Latin American Cannabis Symposium

Over $400 million has been invested in Colombian medical cannabis so far, and the country is in the early innings of an industry with massive potential, a Colombian government official said Monday. Juliana Villegas Restrepo – vice president of exports at ProColombia, a government agency in charge of promoting Colombian non-traditional exports – told MJBizCon’s inaugural […]

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Latin American Cannabis Symposium kicks off, focusing on region’s business opportunities and growth prospects

MJBizCon’s inaugural Latin American Cannabis Symposium kicks off in Bogotá on Monday at a time when expectations are high that this region will emerge as a low-cost marijuana cultivation juggernaut. More than 500 marijuana industry entrepreneurs, investors and executives from 20 countries are attending the two-day conference at the Grand Hyatt Bogotá. In addition from Latin […]

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A new way to commercialize cannabis in Canada: Q&A with Mark Spear of Wildfire Collective

Wildfire Collective is spearheading Canada’s first exclusively outdoor, multisite craft cannabis operation focusing on high terpene, full spectrum extracts. “This really is something that’s going to help differentiate us when margin compression comes in the near future,” said Mark Spear, founder and CEO of the Ottawa-area company. Unlike many  publicly traded cannabis companies in Canada, Wildfire […]

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