International Marijuana Business News

Aurora Cannabis products unavailable in Germany until further notice

Aurora Cannabis’ medical marijuana products are temporarily unavailable in Germany pending a review by health authorities of “a proprietary step” in the Alberta company’s production process, a spokesperson confirmed to Marijuana Business Daily. MJBizDaily corroborated the products’ unavailability with several German pharmacies “until further notice.” According to the pharmacies, the reason is related to a […]

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Ontario Cannabis Store deletes Black Friday tweet ‘in consultation’ with federal regulator

The Ontario Cannabis Store backtracked on a Black Friday promotion after “consulting” with Health Canada, highlighting the limitations facing adult-use marijuana retailers – even ones owned by the government – in getting their message out. In a Tweet earlier this week, the Ontario Cannabis Store (OCS) said “something big” was coming to OCS.ca, its monopoly […]

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British Columbia chamber lobbies province over craft cannabis cultivation

The Chamber of Commerce in British Columbia wants the province to adopt policies encouraging craft cannabis businesses to join the regulated market, including allowing proprietors to keep their doors open during the transition into the legal fold. The proposals were among a number of policies the chamber asked Public Safety Minister Mike Farnworth to consider during […]

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What businesses need to know about exporting irradiated medical cannabis to Germany

By now, everyone knows that to export medical cannabis to Germany, which is by far the largest importer of medical cannabis flower in the world, achieving European Union Good Manufacturing Practice (GMP) is a prerequisite. But beyond getting that certification, certain quality requirements could have huge implications if they are not considered and integrated into a business’ […]

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Toronto Stock Exchange warns CannTrust about possible delisting

The Toronto Stock Exchange (TSX) said it would delist CannTrust’s shares if the Ontario cannabis producer is unable to file relevant financial statements by March 25, 2020. A review will be conducted on the company’s eligibility for continued listing on the stock exchange, CannTrust disclosed this week. The review is a result of CannTrust being late […]

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Cyprus delays bidding process so medical cannabis licensing fees can be reviewed

The bidding process to cultivate medical cannabis in Cyprus is stalled after government authorities requested a review of the licensing fees. The delay, reported by the Phileleftheros newspaper, stemmed from concerns the fees are too low given the revenue growers are expected to reap. According to previous announcements, winners of the application process would have to pay […]

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Dried cannabis vaporizers face 20% tax in British Columbia

British Columbia’s beefed up provincial tax will apply to dried cannabis vaporizers in addition to liquid marijuana vaping products. Newly proposed legislation would nearly triple the provincial sales tax (PST) on those products to 20%. The Ministry of Finance confirmed to Marijuana Business Daily that the tax would apply to dried cannabis vaporizers if the […]

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Deloitte acquires Canadian consultancy Cannabis Compliance

Deloitte has acquired Mississauga, Ontario-based Cannabis Compliance, an industry leader in marijuana industry consultancy, the companies announced Tuesday. Financial terms of the transaction were not disclosed. The newly created CCI Deloitte plans to offer businesses with end-to-end services in the cannabis industry, according to the announcement. Deloitte said CCI’s 75 employees will work out of […]

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Germany reveals wholesale medical cannabis price at 2.3 euros per gram, signaling no windfall for suppliers

The German federal government will buy at least 650 kilograms (1,433 pounds) of medical cannabis flower from domestic producers for approximately 1.5 million euros ($1.66 million) per quarter, which sets the average wholesale price at 2.3 euros per gram. The wholesale price implies that the high margins medical marijuana companies once enjoyed in that market could […]

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Recreational cannabis sales in Eastern Canada punished by lack of retail expansion

Adult-use cannabis sales fell sharply in September in every Eastern Canadian market except Quebec, a reflection of the industry’s inability to open new stores to meet consumer demand in those provinces. Overall sales of recreational marijuana in Ontario, Quebec, Newfoundland, Nova Scotia, Prince Edward Island and New Brunswick declined 5.5% to 71 million Canadian dollars […]

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Israel unveils six-month transitional guidelines for medical cannabis exports

Israel’s Medical Cannabis Agency has unveiled transitional guidelines that would approve medical cannabis exports on a case-by-case basis provided local supplies are sufficient to meet patient demand, giving licensed companies a new market to sell their product. The new guidelines, which will be in place for at least six months, were laid out by the […]

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