In the battle to become the leading cannabis brand in the United States, few companies have amassed the influence, reach or war chest boasted by Acreage Holdings. Join us Thursday, Feb. 7, at 1 p.m. ET for an exclusive webcast featuring a conversation with Acreage CEO Kevin Murphy. This webcast is part of a free […]
Read MoreInternational Marijuana Business News
New Brunswick receives 11% of cannabis products ordered from cultivators ‘consistently’
New Brunswick’s cannabis wholesaler is receiving a fraction of the 352 cannabis products licensed cultivators agreed to supply the province on a regular basis, new data shows.
Read MoreThough a ‘positive step,’ WHO recommendations on cannabis fall short for some
The World Health Organization (WHO) made great strides in its recommendations on how cannabis should be scheduled, but the global industry believes there’s more work to be done. Martin Jelsma, drugs and democracy program director, at the Netherlands-based Transnational Institute, emphasized to Marijuana Business Daily that there are “very positive elements in the WHO recommendations,” including: Recognition […]
Read MoreMJBizDaily launches content for high-level cannabis investors
Investment in cannabis has grown at a meteoric pace – in size and in volume – over the past 12 months. To keep investors apprised of the rapid changes, Marijuana Business Daily has launched a subscription service – Investor Intelligence – focused on the critical analysis, insights and data necessary for success in the sector. “The demand for […]
Read MoreWorld Health Organization recommends rescheduling cannabis, provides clarity on CBD
Member states of the United Nations Commission on Narcotic Drugs (CND) received the World Health Organization Expert Committee on Drug Dependence’s (ECDD) cannabis recommendations, which had been expected in December, Marijuana Business Daily has learned.
Read MoreVictoria’s aim to be Australian ‘cannabis capital’ challenged by patient access issues
An Australian state’s ambition to be the nation’s “medical cannabis capital” is unlikely to succeed unless market access for local patients substantially improves, experts note. Patient access to medical cannabis remains a serious concern despite marked improvements over the past year. “The crux of the problem is, we can’t produce medical cannabis products for our market […]
Read MoreBig Pharma ‘missing link’ in Canada’s emerging marijuana industry
The entrance of multinational pharmaceutical companies into Canada’s cannabis sector will mark one of the next major themes in the industry, analysts told Marijuana Business Daily. Such eventual moves by Big Pharma will provide even more credibility to a sector that has already seen the entrance of alcohol and tobacco giants. “The missing link is […]
Read MoreCanadian cannabis firm Green Growth enters Arizona with $12M Desert Rose purchase
Toronto-based Green Growth Brands is entering its third U.S medical marijuana market with the $12.35 million cash acquisition of ZLJT and Arizona Natural Pain Solutions, better known collectively as Desert Rose. Arizona had 186,000 registered MMJ patients as of December 2018. Desert Rose serves roughly 400 medical marijuana patients daily. Green Growth, which trades on the Canadian […]
Read MoreMolson Coors CBD-beverage partner Hexo closes CA$57.6 million share offering
Hexo Corp., a licensed producer of cannabis based in Quebec, Canada, raised 57.6 million Canadian dollars ($43.7 million) Wednesday when it closed its offering of common shares. The company said in a news release it will use the proceeds for global expansion and research and development. The Quebec cultivator, which trades as Hexo on the Toronto Stock […]
Read MoreWhat cannabis shortage? Canada has ‘sufficient supply,’ Ottawa says
Canada’s federal government says the country has more than enough legal cannabis to meet demand even as some provinces complain about shortages. “The data is clear: There remains sufficient supply to meet and exceed existing demand,” Bill Blair, Canada’s minister in charge of marijuana, said Wednesday via Twitter after receiving queries from Marijuana Business Daily. […]
Read MoreIn race to win Europe, Aurora Cannabis and other Canadian companies pursue EU-GMP
In an effort to add to their international credibility and gain leverage over competitors, more Canadian medical marijuana firms are aiming to achieve one of the highest levels of quality certification in the world. Only a handful of licensed cultivators in Canada qualify for the EU-Good Manufacturing Practices (EU-GMP) certification, giving them an advantage when […]
Read MoreWeekly Deal Watch: Sizes of cannabis capital raises climb, though frequency lags
Fundraising among North American cannabis firms has yet to outpace levels logged this time last year, but the size of the average capital raise is steadily climbing, according to the latest data.
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