By now, everyone knows that to export medical cannabis to Germany, which is by far the largest importer of medical cannabis flower in the world, achieving European Union Good Manufacturing Practice (GMP) is a prerequisite. But beyond getting that certification, certain quality requirements could have huge implications if they are not considered and integrated into a business’ […]
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Toronto Stock Exchange warns CannTrust about possible delisting
The Toronto Stock Exchange (TSX) said it would delist CannTrust’s shares if the Ontario cannabis producer is unable to file relevant financial statements by March 25, 2020. A review will be conducted on the company’s eligibility for continued listing on the stock exchange, CannTrust disclosed this week. The review is a result of CannTrust being late […]
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Cyprus delays bidding process so medical cannabis licensing fees can be reviewed
The bidding process to cultivate medical cannabis in Cyprus is stalled after government authorities requested a review of the licensing fees. The delay, reported by the Phileleftheros newspaper, stemmed from concerns the fees are too low given the revenue growers are expected to reap. According to previous announcements, winners of the application process would have to pay […]
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Dried cannabis vaporizers face 20% tax in British Columbia
British Columbia’s beefed up provincial tax will apply to dried cannabis vaporizers in addition to liquid marijuana vaping products. Newly proposed legislation would nearly triple the provincial sales tax (PST) on those products to 20%. The Ministry of Finance confirmed to Marijuana Business Daily that the tax would apply to dried cannabis vaporizers if the […]
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Deloitte acquires Canadian consultancy Cannabis Compliance
Deloitte has acquired Mississauga, Ontario-based Cannabis Compliance, an industry leader in marijuana industry consultancy, the companies announced Tuesday. Financial terms of the transaction were not disclosed. The newly created CCI Deloitte plans to offer businesses with end-to-end services in the cannabis industry, according to the announcement. Deloitte said CCI’s 75 employees will work out of […]
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Early talks underway on future of Denmark’s medical cannabis pilot program
The Danish government is engaging stakeholders about the future of the country’s medical cannabis pilot program, but industry and government sources say the talks are at an early stage and a decision won’t be made until after the scheme’s formal evaluation next year.
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Germany reveals wholesale medical cannabis price at 2.3 euros per gram, signaling no windfall for suppliers
The German federal government will buy at least 650 kilograms (1,433 pounds) of medical cannabis flower from domestic producers for approximately 1.5 million euros ($1.66 million) per quarter, which sets the average wholesale price at 2.3 euros per gram. The wholesale price implies that the high margins medical marijuana companies once enjoyed in that market could […]
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Recreational cannabis sales in Eastern Canada punished by lack of retail expansion
Adult-use cannabis sales fell sharply in September in every Eastern Canadian market except Quebec, a reflection of the industry’s inability to open new stores to meet consumer demand in those provinces. Overall sales of recreational marijuana in Ontario, Quebec, Newfoundland, Nova Scotia, Prince Edward Island and New Brunswick declined 5.5% to 71 million Canadian dollars […]
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Israel unveils six-month transitional guidelines for medical cannabis exports
Israel’s Medical Cannabis Agency has unveiled transitional guidelines that would approve medical cannabis exports on a case-by-case basis provided local supplies are sufficient to meet patient demand, giving licensed companies a new market to sell their product. The new guidelines, which will be in place for at least six months, were laid out by the […]
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Cannabis sector mounts furious lobbying drive in Ontario; Hillier seeks clarity
(This story has been updated with recent lobbying efforts as of Nov. 26.) Punished by disappointing sales due to a lack of retail stores, the cannabis industry has been mounting a fierce lobbying drive in Ontario to reach the decisionmakers driving the province’s marijuana policies, according to records from the Office of the Integrity Commissioner. Over […]
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Quebec effectively bans cannabis vape products but still plans to open 15 more stores
Quebec will not allow cannabis vaping products to be sold through regulated channels, though the province might reconsider its position in the future.
It is the latest blow to legal businesses trying to eke out market share in Canada’s second-largest province.
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Report: Ontario to allow private sector wholesale of cannabis
Ontario’s government plans to loosen its grip on adult-use cannabis distribution and allow private-sector participation. Currently, recreational marijuana wholesaling in the province is under the sole domain of the government-owned Ontario Cannabis Store (OCS). According to an email obtained by the Financial Post, “The OCS is moving ahead with expanding its privately-operated third-party centralized distribution […]
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