International Marijuana Business News

Evolve to launch ETF focused on US marijuana stocks

Evolve Funds Group, a Toronto-based fund manager with assets of 430 million Canadian dollars ($322.5 million), plans to launch an exchange-traded fund (ETF) focused on U.S. cannabis stocks. The U.S. Marijuana ETF would follow on the heels of the company’s Evolve Marijuana Fund (SEED), which, according to Bloomberg data, is Canada’s top equity ETF performer […]

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Canadian bank throws cold water on marijuana revenue forecasts

The Bank of Montreal (BMO) is warning investors that revenues from adult-use cannabis in Canada could come in lower than expected over the coming quarters due to the slow build-out of retail stores, flat nationwide retail sales and inventory depletion. “The pace of new bricks-and-mortar store openings, particularly in Ontario – beginning April 1 – […]

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European cannabis leader Bedrocan to re-enter Canada, South America

Dutch medical marijuana giant Bedrocan International is poised for an early return to Canada and South America after an arbitration tribunal reduced the duration of a moratorium prohibiting the company from those markets. A legal settlement between Bedrocan and Ontario-based Canopy Growth barred the Dutch company from doing business in Canada until Jan. 1, 2020, and in South […]

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CannTrust plans massive outdoor cannabis grow in Canada, explores US move

Ontario-based cannabis firm CannTrust plans to establish a large outdoor grow operation in Canada to provide low-cost production inputs for extraction-based products. CannTrust “believes it will be a leader in outdoor growing capability, which will leverage its proprietary genetics and has the potential to accelerate the company’s low-cost production advantage,” the firm wrote in a […]

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Mexico revokes cannabis guidelines, throwing licenses into doubt

(This story has been updated to include a comment from Aurora Cannabis. – Ed.) Mexico’s main regulatory body for medical cannabis revoked key guidelines used as the basis for issuing dozens of import licenses for low-THC products, putting the status of those permits into question, pending a government review. Toward the end of President Enrique Peña Nieto’s […]

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Guam’s Senate approves legal foundation for adult-use cannabis industry

The Western Pacific island of Guam is set to become the second American territory to create a recreational marijuana industry, pending only the approval of Gov. Lou Leon Guerrero. The neighboring Northern Mariana Islands approved creation of an adult-use cannabis market last year. Guam’s law will regulate the use, production, sale and taxation of cannabis while also […]

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Canopy Growth partners with more celebrities to sell marijuana

Ontario-based Canopy Growth is partnering with a Toronto cannabis company created by celebrities Seth Rogen and Evan Goldberg to sell branded flower, softgels and pre-rolled marijuana formats in the coming months. Canopy said the partnership with Houseplant – founded by Rogen, Goldberg and their partners, including United Talent Agency – was almost two years in […]

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Tilray expects GMP approval, first cannabis sales from Portugal this summer

Tilray’s facility in Portugal is expected to receive Good Manufacturing Practice (GMP) certification in the coming months, which the Canada-based cannabis company says will open the door for the first shipments from its European facility as early as this summer. Monetizing European demand for medical cannabis is core to the strategies of many publicly traded cannabis […]

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