Alberta is weighing whether to allow cannabis cultivators based in the province to apply for Canadian Agricultural Partnership (CAP) cost-sharing grants, though a decision will not be announced until after the April 16 provincial election. CAP is a 3 billion Canadian dollar ($2.2 billion) initiative by federal and provincial governments supporting agricultural businesses across the […]
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British Columbia opens agricultural grants to cannabis companies
Cannabis companies in British Columbia may access a suite of cost-sharing programs through the Canadian Agricultural Partnership (CAP), a 3 billion Canadian dollar ($2.2 billion) initiative by the federal government and provinces to support agricultural businesses across the country. While not all provinces allow marijuana firms to tap CAP funding, a B.C. Ministry of Agriculture spokesperson confirmed, […]
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Swedish state-owned pension fund invests in Aurora Cannabis, Canopy
A Swedish state-owned pension fund has invested in cannabis companies for the first time. More government-run pension funds are dipping into large-cap cannabis stocks, a sign that such investments are going more mainstream. Canada’s Public Sector Pension Investment Board recently boosted its stake in Ontario’s Canopy Growth and took positions in three more multinational Canadian […]
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New report gives ‘realistic’ snapshot of European cannabis markets
For entrepreneurs and investors interested in European medical cannabis markets, a new report from Marijuana Business Daily provides a realistic snapshot of current opportunities and how future demand could evolve. The report – “Medical Cannabis in Europe: The Markets & Opportunities” – was written by MJBizDaily‘s international analyst, Alfredo Pascual. For businesses to make forecasts […]
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Aphria, Aurora and Demecan selected for German medical cannabis cultivation
Three companies were chosen to cultivate medical marijuana in Germany – the result of a long-delayed application process to provide product for one of the largest medical cannabis markets in the world. Canada’s Aphria received five of the 13 lots that were up for grabs, according to Hendrik Knopp, managing director of Aphria Deutschland. The result […]
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Governor of US territory Guam signs recreational marijuana bill into law
Guam Gov. Lou Leon Guerrero signed the Cannabis Industry Act into law Thursday, clearing the final legislative hurdle for the creation of a new industry for entrepreneurs on the Western Pacific U.S. island. The law will regulate the consumption, sale and production of adult-use cannabis. The nearby Northern Mariana Islands, another U.S. territory, approved a regulated recreational […]
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Former Monsanto, Hewlett Packard execs join marijuana firm LGC Capital
Diversified Canadian cannabis company LGC Capital is shuffling its leadership ranks and filling management positions by dipping into other heavily regulated industries, such as agrochemical biotechnology. The moves are in line with a trend among fast-growing cannabis corporations – especially those with international aspirations – that are increasingly luring senior managers from the alcohol, tobacco and […]
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Weekly Deal Watch: Debt capital raises increase among public cannabis companies
While the total number of capital raises in the cannabis industry so far this year remains less than the same period in 2018, debt raises among publicly traded companies are significantly outpacing those of last year.
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Denver mayor: Cannabis industry ties cost legal immigrants US citizenship
Federal U.S. marijuana prohibition is again causing immigration problems for cannabis industry insiders, this time in Denver, where at least two employees of state-legal MJ companies reportedly have been denied citizenship in the United States because of their jobs. According to the Denver Post, the mayor and city attorney have taken up the cause for the immigrants, […]
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Report: 380 Israeli cannabis cultivators pass early licensing test
Nearly 400 medical marijuana cultivators made it through the first round of testing in Israel’s licensing process, demonstrating the high level of interest in the country’s burgeoning medical cannabis industry just three months after exports won cabinet’s approval. Just over 380 cultivators underwent police checks and land ownership verification, while another 181 applicants still are behind them […]
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Lack of boardroom diversity will cost Canadian cannabis companies
Cannabis companies in Canada with “monoculture and mono-gender” boardroom compositions could face a competitive disadvantage – and will ultimately take a hit to their bottom lines, industry experts say. Marijuana Business Daily reported last week that two dozen of the leading cannabis companies on Canadian stock exchanges employ only 11 women on their boards combined, out […]
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Capital-hungry Aurora Cannabis looks to raise CA$1 billion
Aurora Cannabis laid the foundation to raise up to $750 million (1 billion Canadian dollars) to fuel potential future acquisitions, other capital expenditures and debt repayments. The Edmonton, Alberta-based company filed a base shelf prospectus with Canadian securities agencies and a corresponding shelf registration statement with the U.S. Securities and Exchange Commission. The filing would clear the […]
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April Issue
Cannabis industry workers and executives can earn more than their mainstream counterparts.Read the Issue