India’s medical marijuana industry will blossom if companies use science to convince regulators that MMJ is an effective medicine. That’s the view of the country’s only licensed medical cannabis cultivator. Avnish Pandya, co-founder of Bombay Hemp Company, said the best way to develop India’s medical marijuana industry is for companies to work with regulators to […]
Read MoreInternational Marijuana Business News
Report: Uruguay is home to nearly 35,000 authorized rec cannabis users
The number of people authorized to access recreational marijuana in Uruguay is closing in on 35,000, according to a report by the Institute of Regulation and Control of Cannabis. However, the Uruguayan regulatory agency’s study notes that the number of people accessing marijuana through regulated channels is much higher due to the “sharing” of products […]
Read More
McLellan calls on Canadian Senate to avoid ‘undue partisanship’ to get around rec cannabis delay
The former chair of Canada’s federal task force on cannabis legalization is calling on senators to avoid “undue partisan activity” as the bill faces the potential of a delay over contentious amendments that are under consideration. The Senate has every right to consider the Cannabis Act rigorously, Anne McLellan told Marijuana Business Daily. “But I’m hoping that partisanship […]
Read More
Major Canadian supermarket chain Loblaw plans cannabis sales
One of Canada’s biggest supermarket operators plans to enter the business of selling recreational marijuana products pending legalization late this summer.
Loblaw, a leader in the country’s supermarket industry, said some of its locations in Newfoundland are among 23 selected as “qualified applicants” to become licensed cannabis retailers.
Read More
Canadian marijuana grower Green Organic Dutchman delivers solid stock debut
Canadian Cannabis grower The Green Organic Dutchman launched its stock debut Wednesday – delivering a strong inaugural trading performance by finishing up more than 8% from its opening price. Trading under the ticker TGOD on the TSX Venture Exchange, the stock opened at $3.60 a share in Canadian dollars – five cents below the initial […]
Read More
Canadian Senate committee asks for marijuana legalization delay
Two Senate committees reviewing Canada’s proposed marijuana legislation are asking for significant changes to the bill before it becomes law – changes that could delay implementation and have a major impact on businesses prepping for the recreational market.
The Committee on Aboriginal Peoples wants the bill amended to address a “lack of meaningful consultation” with First Nations communities and asked for a delay of up to one year.
Read More
Illegal exports of Canadian cannabis products top CA$1 billion in 2017
Over 1 billion Canadian dollars ($780 million) of cannabis products were shipped from Canada last year through unregulated channels, according to a preliminary estimate from the government’s statistics agency. The figure includes shipments approved by the regulatory body overseeing medical cannabis in Canada, “but they represent less than 1% of the total,” Conrad Barber-Dueck, chief of […]
Read More
Provincial Preview: British Columbia poised to play major role in Canada’s cannabis industry
Cannabis businesses in British Columbia can leverage decades of market experience in cultivation, retail and research and development to maintain their dominant position in Canada’s marijuana industry when recreational use becomes legal later this year.
The province’s multibillion-dollar gray market includes hundreds of dispensaries and at least 4,000 licensed personal growers.
But how much of that will shift to the regulated market when it rolls out?
Read More
Zimbabwe legalizes cannabis cultivation, becomes second African nation to adopt MMJ
Zimbabwe legalized the cultivation of cannabis for medicinal and scientific purposes, making it only the second country in Africa to lay the groundwork for a medical marijuana industry. Details of the country’s cannabis regulations were announced in the government gazette on Friday, according to Zimbabwe’s state-owned newspaper, The Herald. (The gazette prints official notices and […]
Read More
Medical cannabis firm AltMed lands $35.4 million to bolster US, international growth
Alternative Medical Enterprises, a multistate medical marijuana producer and dispensary operator, has secured $35.4 million in a private placement financing from a Pennsylvania-based investment group. The massive investment will allow the Sarasota, Florida-based firm to launch a major expansion in the United States and internationally, said Matthew Duffy, president and chief operating officer of the […]
Read More
British Columbia under pressure to pass key cannabis legislation within days
British Columbia’s minority government will be under the gun to pass key cannabis legislation once it’s introduced in the province’s Legislative Assembly on Thursday. That’s because the legislature will have only 12 more days during the spring session before breaking for the summer – with about 20 other bills also under consideration. Thursday’s bill is […]
Read More
Canadian marijuana cultivation applications top 500 for first time
The number of active applicants in the pipeline to cultivate medical cannabis in Canada has surpassed 500 for the first time. As of March 31, the number of applicants stood at 509, according to data provided to Marijuana Business Daily by Health Canada, an increase from the 463 reported in November. The jump in applications comes […]
Read More
How to stake a claim in a multibillion-dollar international cannabis market