International Marijuana Business News

No Snoop for you! Celebrity names not allowed come cannabis legalization in Canada

Branding partnerships between Canada’s biggest cannabis companies and their celebrity backers will be thrown into limbo when new regulations governing recreational cannabis take effect Oct. 17. The Cannabis Act has general prohibitions on the promotion of marijuana that includes the depiction of a person, character or animal, whether real or fictional. That includes celebrity names, […]

Read More

CBD drugmaker GW Pharmaceuticals poised to raise $300 million

GW Pharmaceuticals is setting out to sell $300 million worth of U.S. depository shares. The London-based company’s announcement comes on the heels of the U.S. Drug Enforcement Administration’s move to take some cannabidiol products off the most restrictive class of controlled substances. That change will allow Epidiolex – a CBD drug manufactured by GW Pharmaceuticals to treat rare […]

Read More

Ontario to permit cannabis sales at production centers, following Newfoundland’s lead

Ontario’s proposed new rules for recreational cannabis would allow licensed producers to sell marijuana to consumers at cultivation facilities, a move that gives producers the ability to curate “customer experiences” and opens the door to new branding opportunities. Ontario’s Cannabis Statute Law Amendment Act was introduced in the Legislature on Thursday. Licensed producers have lobbied provincial governments […]

Read More

Former Israeli prime minister joins cannabis company board

Former Israeli Prime Minister Ehud Barak has joined a short, but growing, list of former heads of state getting involved in the international cannabis industry. Barak has joined Herzliya-based licensed medical cannabis company Intercure as chairman of its board of directors. Former Mexican President Vicente Fox sits on the board of directors of Canadian cannabis […]

Read More

First medical marijuana shipment from Jamaica heads to Canada

(This story has been updated to reflect the number of licenses issued by Jamaica’s Cannabis Licensing Authority.) A Caribbean company has sent the first-ever shipment of medical cannabis from Jamaica to Canada for analytical testing, marking a watershed moment that portends significant growth in trade between the countries, executives say. Jamaica’s Timeless Herbal Care shipped […]

Read More

British Columbia cannabis cultivation business intends to acquire Women Grow

A Canadian business that’s applying for one of the country’s marijuana production licenses signed a letter of intent to acquire Women Grow, a U.S.-based company that launched as a for-profit venture in 2014 to empower women in the cannabis industry by providing networking opportunities, mentoring and business support. HollyWeed North Cannabis, a consulting firm that […]

Read More

Ontario moves to allow hotel marijuana consumption in boost to tourism industry

Ontario’s plan to liberalize cannabis consumption rules is a major boon for the tourism sector, according to industry executives and analysts, because it gives hotel owners the ability to allow recreational consumption in guest rooms.

Ontario’s Cannabis Statute Law Amendment Act – introduced in the Legislature on Thursday – would put owners of hotels, motels and bed and breakfasts in a position to capitalize on cannabis tourism if it is approved.

Read More

Cannabis tech firm Namaste poised to raise $45 million

Namaste Technologies says it’s on pace to raise $45 million in a bought-deal financing. The firm, which operates an e-commerce platform for cannabis products with more than 30 websites in 20 countries, entered into a letter of engagement under which Eight Capital has agreed to purchase – as co-lead underwriter and joint bookrunner with Canaccord Genuity Corp. […]

Read More

Canadian cannabis firm Flowr debuts on TSX Venture Exchange

Shares of cannabis cultivator The Flowr Corp. have officially begun trading on the TSX Venture Exchange under the ticker symbol FLWR. The trading debut  follows Flowr’s recent raise of 36 million Canadian dollars ($27.7 million) and reverse takeover of a shell company previously listed on the exchange. The company has a license from Health Canada and agreements […]

Read More

Ontario to cap licensed cannabis producers to one retail outlet each

Canada’s licensed producers of marijuana will be restricted to opening one retail location each in Ontario if new legislation is approved, a move that would pull the rug out from under the country’s biggest companies that had planned to roll out expansive retail operations in the province. That was one of the measures unveiled Wednesday […]

Read More