International Marijuana Business News

Marijuana firm GrowForce closes CA$38M raise ahead of public markets debut

Toronto-based GrowForce Holdings has closed a funding round of 38 million Canadian dollars ($29.1 million) as the firm prepares to go public later this quarter. Capital from the equity raise will be used to expand the company’s cultivation operations and for strategic acquisitions, the firm said in a news release. Under terms of the offering, GrowForce […]

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Italy looks to expand medical marijuana sales to all pharmacies, increase production

Italy signaled its intention to loosen the military’s grip on the cultivation of medical marijuana, significantly ramp up production and make MMJ “available in all pharmacies” across the country. The move also could increase opportunities for international MMJ companies participating in the nation’s medical cannabis industry. Italian Health Minister Giulia Grillo made the announcement in […]

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MJBizDaily introduces new homepage dedicated to international coverage

As more countries come online with legal marijuana industries, coverage of the global market also is growing at Marijuana Business Daily. To improve access for those most interested in what’s happening outside the U.S., we’ve launched a new homepage dedicated to international coverage. And we’ve dedicated a team to focus on the ever-changing global industry to […]

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Bermuda official signals move toward recreational marijuana legalization

Six months after Bermuda’s Parliament decriminalized small amounts of cannabis, a government official indicated the island nation might further liberalize marijuana use. Michael Weeks, minister of social development, said the cabinet is set to take up a discussion document on drug use in the coming weeks, according to The Royal Gazette newspaper. “Legalization is something that’s […]

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How Trump’s trade battles are affecting the marijuana industry

The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]

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Molson Coors bets on growing cannabis industry with Canadian joint venture

Molson Coors Brewing Co. is teaming up with a cannabis company in Canada as beer companies look to fend off competition from North America’s growing marijuana market. Molson said Wednesday it will form a joint venture with Quebec-based licensed producer The Hydropothecary Corp. to develop nonalcoholic, cannabis-infused beverages for the Canadian market following legalization. Molson […]

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