International Marijuana Business News

Medical marijuana harvests begin in Jamaica

At least two medical marijuana companies have begun the first-ever legal harvest of their crops, signaling that the island nation is well on its way to becoming a full-fledged MMJ market. Kaya Farms reportedly started its harvest Feb. 20, the Jamaica Observer reported, while competitor Timeless Herbal Care said in a news release Tuesday that it […]

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Canadian pharmacies strengthen supply network for medical marijuana

The largest drugstore chain in Canada, Shoppers Drug Mart, continues to secure medical cannabis deals ahead of what is expected to be a tight supply market for the product, at least in the near term. In the latest deal, Aurora Cannabis agreed to become a medical cannabis supplier to Toronto-based Shoppers. Financial terms and the […]

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African marijuana producer signs supply deal with Canadian company

Toronto-based Nuuvera has signed an offtake agreement with Verve Dynamics, a licensed medical cannabis producer in the kingdom of Lesotho.

Lesotho, a landlocked country located within the borders of South Africa, was the first African country to regulate the cultivation and production of medical marijuana products.

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Israeli cannabis exports now in prime minister’s hands; Trump pressure denied

A key Israeli parliamentary committee came to a consensus on the urgent need to approve medical cannabis exports – which insiders consider crucial for the creation of a sustainable MMJ industry – and vowed Monday to push for a quick resolution. That clears an important hurdle for the issuance of export permits, putting the ball […]

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Cronos lists on Nasdaq, as US gets first ‘pure play’ marijuana stock on major exchange

A Canadian marijuana company will become the first “pure play” cannabis listing on a major U.S. stock market, an important milestone for the cannabis industry.

Cronos Group, one of Canada’s largest vertically integrated medical marijuana companies, will start trading Tuesday on the Nasdaq Global Market under the symbol CRON. Cronos will maintain its listing on Toronto’s TSX Venture Exchange.

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Marijuana industry goes to court to force Israeli government to permit MMJ exports

The marijuana industry is fighting a high-stakes court battle to force the Israeli government to approve medical cannabis exports sooner rather than later. The decision by industry advocates to go to court comes as Israeli lawmakers prepare to debate the country’s medical cannabis export policy on Monday. The outcome is huge for dozens of international […]

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CannTrust gets initial OK to list on Toronto Stock Exchange

CannTrust Holdings is set to become the first marijuana company to graduate to Canada’s senior stock market since listing requirements were clarified for companies with U.S. assets. The Toronto Stock Exchange (TSX) has given the Vaughan, Ontario-based company initial approval for the move. As part of its ascent, CannTrust will “assign its interest” in the U.S. intellectual […]

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Greek parliamentarians start debating draft medical marijuana law

Greek lawmakers had their first opportunity to debate a draft bill to legalize medical cannabis production that was submitted to Parliament on Feb. 7. The draft law was taken up by the Committee on Production and Trade and the Committee on Social Affairs. Greece’s government has said it wants to fast-track plans to foster a […]

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Thailand considering steps to become ‘medical marijuana hub’

A proposed revision to Thailand’s notoriously strict narcotics law would ultimately permit the cultivation and use of medical cannabis across the Asian country. The draft text – completed in late 2017 and currently under review by the Office of the Council of State – would have to be sent to the nation’s Cabinet for approval. […]

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Major Canadian insurance company adds medical marijuana coverage

One of the largest insurance companies in the world is including medical cannabis as an option on its Canadian group plans. Starting next month, Sun Life Financial will allow companies to add medical cannabis to group health plans as optional coverage. Sun Life’s decision could breathe fresh life into the growth of Canada’s medical cannabis […]

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