International Marijuana Business News

Mexico approves nation’s first 38 over-the-counter cannabis products

For the first time, Mexico authorities approved cannabis-derived products for sale without prescription in the Latin American nation. Thirty-eight cannabis products authorized by the Mexican Federal Commission for the Protection Against Sanitary Risks (COFEPRIS) are expected to be available through retail and online channels within a month. Seven companies – four from Mexico, two from the United […]

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Draft medical marijuana law in Thailand breezes through key hurdle

A draft bill to legalize medical cannabis in Thailand breezed through a key hurdle in the National Legislative Assembly when 145 lawmakers voted to advance the proposed law. A vetting committee for the bill has been established, according to Bangkok-based The Nation, and the Assembly will take 60 days to further deliberate the draft. Some […]

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Turmoil at Canadian marijuana producer after license revoked

The senior leadership of a British Columbia marijuana company abruptly resigned after Health Canada said it planned to revoke the production and dealer licenses of its subsidiary over “unauthorized activities with cannabis.” Ascent Industries announced the departure of CEO Philip Campbell, Chief Operating Officer Reid Parrand and President James Poelzer last week in a news […]

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Bermuda set to open door to medical cannabis investments

Bermuda plans to allow medical marijuana production and is inviting international companies to partner with local entrepreneurs to participate, according to recent statements by Premier David Burt. The government has tapped one of the biggest medical cannabis companies in the world to help it prepare regulations to guide the new industry. “We’re participating in Bermuda […]

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Greece issues first private company licenses to grow medicinal marijuana

Greece awarded its first marijuana grow licenses to two privately owned companies, opening cultivation and ancillary opportunities to international and domestic medical cannabis companies. Already, companies are lining up to pump more than 1 billion euros ($1.1 billion) into the country’s burgeoning MMJ sector to tap future European demand for the product. Bioprocann S.A. – one […]

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Cannabis applications in Malta await guidelines from government

While the cannabis industry is getting broad support from the government of Malta, the business application process still awaits guidelines from a key government agency. Several companies have obtained letters of intent (LOI) from Malta Enterprise – the first step in applying for permits – but no company has yet been fully licensed to cultivate […]

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Marijuana firm MedMen scales back financing, appoints interim CFO

MedMen Enterprises is slashing its latest funding round as the firm’s stock tumbles and the California cannabis company hunts for a new chief financial officer. The multistate cannabis firm revealed Friday that CFO James Parker resigned. The company appointed Jim Miller, vice president of accounting, as interim CFO while the firm searches for a replacement […]

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Smooth ride expected for Mexico’s cannabis legislation, experts say

Mexico’s move to legalize medical and recreational marijuana could create a market “at least three times larger” than Colombia’s, according to industry executives and analysts, who do not expect the proposed law to see significant resistance from lawmakers. Olga Sanchez Cordero, who will serve as interior minister in the incoming president’s cabinet, last week filed […]

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Chart: Another record-setting year for MJBizCon mirrors massive marijuana business potential

MJBizCon, which is hosted by Marijuana Business Daily, continues to smash attendance records amid strong, ongoing growth in the cannabis industry, solidifying its position as one of the fastest-growing trade shows in the nation.

This year’s conference attracted more than 27,000 cannabis professionals to the Las Vegas Convention Center, a record for the event and the marijuana industry.

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