International Marijuana Business News

Aurora, Canopy are Canada’s ‘most reputable’ cannabis firms, survey finds; others rank far behind

Alberta-based Aurora Cannabis edged out Ontario’s Canopy Growth as the most reputable marijuana company in Canada, according to a first-of-its-kind survey by market research firm Leger. The survey – conducted from December 2018 to February 2019 – reflects the reputations of cannabis producers in the opening innings of legalization. The marijuana companies were included as […]

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France nears launch of medical cannabis ‘experiment’

A potential medical marijuana program in France could soon be at the discretion of the nation’s Health Ministry after a group of senators agreed in principle to approve cannabis for therapeutic use. However, important hurdles must be cleared before France joins the ranks of neighboring Germany in establishing a medical market – and it could […]

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New Thailand medical marijuana regulations enable exports

Thai regulators have adopted key rules governing the production, distribution and export of medical cannabis, laying the groundwork for businesses looking to expand in the new industry. The regulations were approved by the Cabinet last week, about five months after Thailand legalized marijuana for medical use, according to Reuters. The new regulations stipulate that marijuana […]

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Deloitte: Canada on verge of CA$2.7 billion infused cannabis market

Canada is on the cusp of prying open a market for edibles and alternative cannabis products valued at 2.7 billion Canadian dollars ($2 billion), but sales will begin as “a slow burn” come October before gaining momentum, Deloitte estimates. For its third annual report on Canada’s cannabis industry, Deloitte conducted in-person interviews with cannabis industry experts, […]

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Alberta to license 115 new cannabis stores over next six months if supply keeps rising

Alberta regulators have reversed a moratorium on the issuance of new adult-use marijuana retail permits after seeing a “modest but steady” improvement in the province’s cannabis inventory over the past two months. The province stopped accepting new applications for marijuana stores in late November after federally licensed cultivators delivered only 20% of what Alberta had […]

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Cannabis capital ‘rotating’ away from Canada to United States, analyst says

Marijuana businesses and investors seeking higher returns and more potential are looking beyond Canada’s relatively small and highly regulated market, according to analysts covering the still-nascent industry. “Many investors we have spoken to have begun to rotate capital from Canada to the U.S. on the fear that Canadian players will be unable to capture growth […]

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CBD maker Charlotte’s Web to start trading on Canada’s top stock exchange

Charlotte’s Web, a Boulder, Colorado-based CBD manufacturer, said Wednesday it received approval to uplist to the Toronto Stock Exchange (TSX). The company expects to start trading on the TSX on May 31 and will maintain its Canadian Securities Exchange ticker symbol CWEB. The move to the TSX – the world’s ninth-largest exchange in terms of market […]

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Multistate cannabis firm Acreage reports first-quarter net loss of $31.2 million

Acreage Holdings, a New York-based multistate cannabis operator, reported quarterly revenues of $12.9 million for the three months ended March 31, 2019. The company also reported a net loss for the period of $31.2 million. The company did not disclose in its news release how this compared to revenue and profit/loss for the year-ago period. […]

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Marijuana inventories rise in Canada, but market imbalances persist

Canadian stockpiles of cannabis in dried and oil form continued to climb to record levels in March, but retailers nationwide struggled to maintain consistent inventory of in-demand products. Finished inventory of dried marijuana held by federal license holders, provincial distributors and retailers hit a record 30,800 kilograms (67,902 pounds) in March, up significantly from the 23,200 […]

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