Heavenly Rx, a CBD maker based in Toronto, on Tuesday announced the acquisition of a privately held CBD manufacturer in the United States. The purchase of Paradise Valley-based PureKana expands Heavenly Rx’s reach into Arizona and continues a recent string of acquisitions by the Sol Global Investments subsidiary. Heavenly Rx most recently added to its portfolio in […]
Read MoreInternational Marijuana Business News
Bermuda releases draft medical cannabis law and rules to ‘spark entrepreneurship’
Bermuda released the draft legislative blueprint to establish a domestic medical cannabis industry, which Attorney General Kathy Simmons said would create business opportunities for local enterprises and attract international investment. The government is inviting the public to submit feedback on the proposed Medicinal Cannabis Bill and corresponding Medicinal Cannabis Licensing Regulations. The proposed law and […]
Read More
Trinidad and Tobago’s proposed medical cannabis law advances
A proposed law to establish the legal footing for a medical marijuana industry in Trinidad and Tobago was referred to a parliamentary committee in early December after overcoming a key vote in the House of Representatives. The committee will consider and report on the general merits of the Cannabis Control Bill before issuing a final […]
Read More
Top 10 global cannabis stories of 2019: WHO backs rescheduling, Linton out at Canopy, Canadian firms eye US & more
Cannabis markets in Canada and elsewhere in the world went on a roller-coaster ride in 2019, as irrational expectations gave way to more realistic market assessments. Global medical marijuana markets, corporations and top executives experienced breakthroughs and setbacks this past year. That’s the gist of the 10 most widely read business stories carried by Marijuana Business Daily […]
Read More
Cannabis firm Hexo moves head office from Quebec to Ontario
Quebec’s largest federally licensed cannabis producer has moved its corporate head office from Gatineau, Quebec, to its existing office in Ottawa, Ontario. Hexo Vice President of Communications Isabelle Robillard wrote in an email to Marijuana Business Daily that the company tried to avoid the administrative change, but “this choice was imposed on us as we are […]
Read More
Emerald pulls plug on affiliate’s federal cannabis license to decrease risk
British Columbia-based Emerald Health Therapeutics has requested that Health Canada not continue with a cannabis processing license for one of its subsidiaries as part of a strategy to decrease unnecessary regulatory risk. Federal cannabis licenses were highly valued commodities in recent years, but their worth has waned as the number of permits has swelled to […]
Read More
Executives Belot and Battley exit struggling Aurora Cannabis
Aurora Cannabis, one of Canada’s most prominent cannabis companies, has lost two of its most important executives at a crucial time for the Alberta-based company.
Read More
Pure Global Cannabis ‘temporarily’ lays off staff to conserve cash
Canadian license holder Pure Global Cannabis has become the latest marijuana firm to shed part of its workforce to conserve cash amid the challenging capital market conditions facing the industry. “This is about cost containment,” CEO Mel Panchal told Marijuana Business Daily. “It’s just prudent fiscal measures to ensure that we’re not burning unnecessary cash. […]
Read More
Greece’s new government committed to cannabis sector success: Q&A with Pelopidas Kalliris of Ministry of Development and Investment
Greece is one of a half-dozen European countries hoping to cash in on medical cannabis exports. The country is also developing rules for domestic patients to access medical marijuana. Because Greece was among the first countries to allow medical cannabis cultivation in Europe, it already has attracted more than 100 companies in the application process seeking […]
Read More
Alberta bans cannabis vape sales amid smoking law review
Cannabis vapes will not be among the mix of new edible, extract and topical products available in Alberta’s retail stores in the coming weeks, the provincial regulator said. In early December, Marijuana Business Daily reported that the province was weighing legal changes involving vaping devices – including those containing cannabis – as part of a review of […]
Read More
Health Canada, CRA to hold info session for micro-class cannabis businesses
Canada’s federal health department and tax collection authority are teaming up to offer an information session for micro-class cannabis entrepreneurs in Vancouver, British Columbia. Health Canada and the Canada Revenue Agency (CRA) are hosting the seminar in Vancouver on Jan. 10. “This information session is targeted towards current and prospective applicants applying for a cultivation, […]
Read More
Beleave loses CEO VanderMarel, faces lawsuit from Auxly Cannabis
Jeanette VanderMarel announced her departure as CEO of Canadian cannabis producer Beleave after fewer than two months on the job. VanderMarel disclosed her resignation on social media, saying she “happily resigned as CEO of Beleave Kannabis” and that she was “moving on to things I believe in.” The experienced executive verified her departure to Marijuana […]
Read More
Business can expect new markets, fresh opportunities - and more pitfalls.