International Marijuana Business News

Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold

By Matt Lamers, John Schroyer and Bart Schaneman Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market. Here’s a closer look at some notable developments in the marijuana industry over the past week.

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Uruguay to begin recreational cannabis sales July 19

Legal sales of adult-use marijuana in Uruguay will begin next week at a limited number of pharmacies, and more than 5,000 people have registered as customers. Recreational marijuana will be available starting July 19 in 5-gram amounts at 16 pharmacies nationwide, the South American country’s Cannabis Regulation and Control Institute said in a statement. The cannabis […]

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Puerto Rico enacts new medical cannabis law

Puerto Rico Gov. Ricardo Rossello has signed into law an updated medical marijuana statute after deciding a previous MMJ legalization measure wasn’t thorough enough. Roughly 20 medical marijuana dispensaries are already operating on the island, according to a count on Weedmaps. The dispensaries began opening for business in January after the island’s health department promulgated industry rules a year […]

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Greece legalizes marijuana for medical purposes

The Greek government has agreed to make cannabis available for medicinal purposes, joining a growing number of European countries that have legalized medical marijuana. “From now on, the country is turning its page, as Greece is now included in countries where the delivery of medical cannabis to patients in need is legal,” Prime Minister Alexis Tsipras […]

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Mexican president signs medical marijuana legalization decree

Mexican President Pena Nieto made it official this week: His nation is the latest to legalize cannabis for medical purposes. Many of the details of the country’s MMJ program are still unclear, and it seems that only low-THC marijuana will be permitted, which could mean the black market and Mexican cartels would still profit from […]

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Australian medical cannabis firm targets Balkans

A medical cannabis company in Perth, Australia, has signed a distribution agreement with a Slovenian company to expand the MMJ market in Europe. Under the deal, Australia-based MGC Pharmaceuticals will grow and process cannabis at its cultivation and extraction sites in Europe and then wholesale the products to Mikro+Polo, according to the Business News of […]

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Australian companies ramping up for medical marijuana market

Australian businesses looking to enter the nation’s nascent medical cannabis market are doing plenty of prep work, including raising millions and signing partnership deals. Within recent days, Perth-based AusCann was at the center of two such related developments. The publicly traded company on Wednesday revealed it is attempting to raise 10 million Australian dollars ($7.4 […]

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Canadian producer Tilray expands its cannabis export market

Tilray, a major licensed Canadian medical marijuana producer, expanded its international reach with recent MMJ exports to Cyprus and Chile. Tilray, which is owned by Seattle-based Privateer, said its shipment to Cyprus consisted of Tilray drops, a medical cannabis extract product. Tilray’s agreement with Chile calls for its MMJ products to initially be sold through pharmacies in […]

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South Africa may legalize medical cannabis production

The legal medical marijuana trade is poised to spread to its fifth world region: Africa. The South African Medical Control Council plans to soon publish “proposed guidelines on cannabis production for medicinal use,” according to Independent Online. Parliament member Narend Singh told an IOL property, The Mercury, he received a letter from the Medical Control […]

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Jamaica grants conditional OK for three MMJ businesses

Jamaica’s Cannabis Licensing Authority (CLA) has given initial approval to three medical marijuana business applicants, two for cultivation and one for processing. But the actual launch of the island’s medical marijuana industry – ranging from growers to retailers – could still be months off. A total of 160 applicants competed for the latest batch of business permits, according […]

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Tilray to export medical cannabis to New Zealand 

Tilray, a federally licensed cultivation company based in Nainamo, Canada, will begin exporting medical cannabis to New Zealand before the end of February. It’s the latest overseas deal for Tilray, which is owned by Seattle-based private equity firm Privateer Holdings. Both the Canadian and New Zealand governments have approved the MMJ exports, Tilray announced in […]

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Peruvian government seeks to legalize medical cannabis

Peru could become the latest country to legalize medical cannabis if a bill proposed by the nation’s president is approved by the legislature. President Pedro Pablo Kuczynski decided to back the move after a raid in the capital city of Lima unveiled a group of parents growing cannabis so they could produce oils with which to […]

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