International Marijuana Business News


Canada asks regulated cannabis labs for help in COVID-19 testing

Health Canada is working to identify lab capacity across the country to assist with COVID-19 testing, and the agency has reached out to certain federal cannabis license holders for help, Marijuana Business Daily has learned. Canada is currently experiencing a COVID-19 testing backlog. In Ontario alone, 10,965 people have coronavirus test results pending. In a […]

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New Zealand cannabis scheme on schedule for April launch despite COVID-19 pandemic

The coronavirus pandemic sweeping the globe is not expected to affect the initial launch of New Zealand’s medical cannabis scheme, which is set to take effect April 1, a government official told Marijuana Business Daily. Other jurisdictions – notably Mexico – have pending cannabis industry legislation that faces near-certain delay because of measures taken to combat COVID-19. […]

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Mexico Senate suspension over COVID-19 puts cannabis legalization deadline in doubt

The Mexican Senate struck an agreement to postpone most legislative activity as part of the second phase of contingency measures to fight the coronavirus pandemic. The decision casts serious doubt on the feasibility of complying with the April 30 deadline the Supreme Court set for the legalization of cannabis. Senate commissions approved a legalization bill earlier this […]

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Green Organic Dutchman shelves large Quebec facility, lays off staff

The Green Organic Dutchman (TGOD) is the latest large Canadian cannabis firm to shelve one of its greenhouses and lay off staff, continuing a trend that has seen significant facility postponements and workforce reductions across the nation’s marijuana industry. TGOD temporarily laid off most employees at its facility in Valleyfield, Quebec, as it moves to centralize […]

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List of cannabis events hit by coronavirus

From South by Southwest in Austin, Texas, to Spannabis in Spain, at least 15 conferences with ties to the cannabis industry have been postponed, canceled or rescheduled amid the coronavirus pandemic. Here is a list – which will be updated – and links to some of the events impacted so far by the coronavirus: American […]

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Farm Credit Canada COVID-19 assistance available to cannabis sector – with a catch

Farm Credit Canada (FCC) said cannabis businesses hit by economic fallout from the COVID-19 pandemic are eligible to apply for short-term, government-backed credit and loan payment deferrals, a move that could provide a financial lifeline for some companies. The credit, extended in the form of a loan, would come from a 5 billion Canadian dollar ($3.5 […]

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Australian Senate committee issues report on medical cannabis barriers

An Australian Senate committee wrapped up its inquiry on barriers to regulated medical cannabis and published its final report this week. Any improvements to regulatory overlap and availability pathways to locally produced products could brighten business prospects for entrepreneurs. The committee’s final report came with 20 recommendations, covering a range of areas. including: More education for […]

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Quebec cannabis stores ruled ‘priority enterprises’; suppliers to stay open

(This story has been updated with a comment from Société québécoise du cannabis.) Quebec’s government-owned cannabis stores are “priority enterprises,” and businesses producing raw materials for the stores must maintain their activities in accordance with the directives of public health authorities. Neighboring Ontario also classified its regulated adult-use cannabis producers and retailers as “essential” this week, […]

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What Canadian cannabis firms got wrong and their path forward: Q&A with former Bacardi exec Rob McPherson

Large Canadian cannabis producers and their financial backers got a lot wrong in the lead-up to legalization. And not much has changed. Instead of focusing on consumer segmentation and proving out their businesses, they built massive facilities – “cathedrals to cannabis plants” – because that’s what investors wanted, said corporate adviser and former Bacardi Canada […]

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In letter to cannabis producers, Health Canada pledges ‘limited inspections’ amid COVID-19 crisis

Canadian cannabis license holders received new guidance from Health Canada on Tuesday, detailing the federal health department’s approach to regulating the marijuana industry during the COVID-19 crisis. Among other things, Health Canada said it will continue some licensing activity and license inspections at a modified pace, allow temporary security clearances for some staff and extend […]

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Is marijuana ‘recession-proof?’ Industry experts say yes – to a point – and alcohol might be a guide

The legal cannabis industry appears poised to enter uncharted waters: an economy engulfed by a full-fledged recession. The coronavirus is inflicting severe damage to the world economy, raising the specter of a major economic contraction, and some economy watchers – including Bank of America – have already asserted the U.S. is in a recession. How would […]

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Organigram expects layoffs, production decrease from COVID-19

Canadian cannabis company Organigram is anticipating voluntary and nonvoluntary layoffs as well as a slowdown in production and packaging as a result of the COVID-19 pandemic. The New Brunswick-based producer is currently “managing its production and staffing levels at its Moncton facility – where not all functions can be addressed remotely – to protect the […]

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