International Marijuana Business News

Peru issues key cannabis regulations, effectively launching nation’s medical marijuana program

Peruvian authorities have published long-awaited guidelines governing the nation’s medical marijuana program, allowing companies to start applying for different types of business licenses spelled out under a 2017 law. The new regulations mark the effective launch of Peru’s medical cannabis industry and create business opportunities for companies to produce medicine domestically and import products from […]

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New York Stock Exchange warns cannabis producer CannTrust its listing in danger

CannTrust Holdings said the New York Stock Exchange has notified the Canadian marijuana producer that its stock price had fallen below the $1-a-share threshold required to continue trading on the Big Board. The Vaughan, Ontario-based company said in a news release it has six months to regain compliance. In the meantime, CannTrust’s stock, which trades […]

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Denmark eyes medical marijuana trial extension 

Denmark might need to extend its medical cannabis trial plans in order for the government to conduct a mandated midterm evaluation of the pilot program, Health Minister Magnus Heunicke said. The four-year program launched in 2018, and a formal evaluation is required to take place in 2020. The number of patients who accessed medical cannabis […]

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Canopy Growth hires ex-Constellation exec David Klein as CEO

Canada’s largest cannabis company by revenue has appointed David Klein as its new CEO, effective Jan. 15, 2020. Klein will be based out of Canopy’s headquarters in Smiths Falls, Ontatio. Klein currently serves as Canopy Growth’s board chair and chief financial officer (CFO) at Constellation Brands, which became the company’s largest shareholder earlier this year. […]

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Brazilian court decision could encourage other cannabis companies to seek approval for cultivation

After Brazil’s health authority shelved a proposal on domestic cannabis cultivation this week, a court decided in the opposite direction, allowing – for the first time in Brazil – a company to grow hemp commercially. The court’s decision could spur other cannabis companies to appeal to the judicial system for permission to cultivate domestically. The […]

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Alberta weighs legal changes for marijuana vape market

Findings from Alberta’s smoking law review could lead to legislative or regulatory changes involving cannabis vaping – though the analysis is not specifically aimed at cannabis – the Treasury Board and Finance ministry told Marijuana Business Daily. The review, which started in October, is being conducted because Alberta’s current legislation does not address vaping or […]

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One of Canada’s oldest cannabis producers seeks creditor protection

Two federally regulated cannabis companies, including one of the earliest licensed producers in Canada, sought creditor protection this week. Wayland Group on Monday said it is seeking creditor protection to pursue restructuring and consider financing arrangements. Wayland subsidiary Maricann became the 19th licensed producer in Canada by receiving its federal approval in early 2014. NVS […]

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Week in Review: Michigan begins adult-use cannabis sales, Harborside appeals tax case, Brazil sets stage for big import market & more

Michigan launches its recreational marijuana industry, California-based Harborside appeals a closely watched federal tax case, Brazil lays the groundwork for what could become one of the world’s largest medical MJ import markets – and more of the week’s top cannabis news. MI adult-use sales begin with limited number of stores open Michigan’s first day of […]

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Canadian provinces erect barriers for regulated cannabis vape market

Another Canadian province established hurdles for the legal sale of marijuana vape products weeks ahead of their rollout across the country. Newfoundland and Labrador joined Quebec this week in banning the products, while British Columbia earlier said it’s raising its sales tax on legal oil and dried flower vapes to 20%. All three provinces cited severe […]

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Canadian cannabis publisher Civilized sheds jobs amid New Frontier purchase

New Brunswick, Canada, marijuana publishing company Civilized Worldwide is “temporarily” laying off its entire workforce ahead of a pending sale to Washington DC-based New Frontier Data. New Frontier, a data and analytics company, said in a news release it has completed its diligence and will move forward with its acquisition of Civilized. The companies did […]

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Brazil’s new medical cannabis rules reject domestic cultivation, potentially setting up large import market

Brazilian health authorities rejected domestic cultivation of medical marijuana but agreed to permit the distribution of medicinal cannabis products that have not completed clinical trials, potentially setting up one of the largest import markets in the world. The new rules, adopted Tuesday, allow bulk imports and sales in pharmacies for the first time. Tuesday’s decision – involving […]

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