International Marijuana Business News

Aurora Cannabis closes new loan deal worth as much as CA$200 million

Alberta-based Aurora Cannabis closed an expansion of a loan deal with three of Canada’s biggest banks, making it among the largest nonconvertible debt facilities in the marijuana industry to date, according to analysts. Aurora said it closed term loans worth an additional 160 million Canadian dollars ($120 million) with a syndicate of lenders led by […]

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Netherlands to experiment with nonmedical marijuana commercial production

Coffee shops in 10 Dutch municipalities will have access to a legal supply of recreational marijuana for the first time, the Dutch Ministry of Health, Welfare and Sport announced. In the Netherlands, sales of recreational marijuana in coffee shops has been tolerated under certain conditions, but production and supply has remained illegal. Now, companies will be […]

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Germany gets first cannabis samples from Australia, commercial import from Portugal

It’s a big week for Germany’s medical marijuana market, which received its first cannabis imports from Australia and Portugal. Frankfurt-based Cansativa took delivery of medical cannabis oils for testing purposes from Western Australia-based Little Green Pharma. Cannamedical Pharma of Cologne received a shipment of commercial medical cannabis from an unidentified Portugal company. However, Tilray Portgual announced […]

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EXCLUSIVE: Jamaica readies rules for commercial medical cannabis exports

Jamaica is engaging stakeholders over highly anticipated regulations to govern the export of commercial-scale medical cannabis, and the rules are expected to be finalized within weeks, according to Agriculture Minister Audley Shaw. Marijuana Business Daily obtained a copy of the draft rules ahead of their release from a source who requested anonymity. The proposals are subject to […]

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Embattled Canadian marijuana firm CannTrust lays off 180

Scandal-plagued CannTrust, an Ontario-based cannabis grower, laid off 180 employees, or 20% of its workforce. “We have made the extremely difficult decision to restructure our workforce to reflect the current requirements of our business,” Robert Marcovitch, CannTrust’s interim CEO said in a news release. The layoffs are expected to save the company about 9 million Canadian […]

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Cannabis firms, policymakers must work hand-in-hand, ex-Canadian prime minister says in MJBizConINT’L keynote

Marijuana companies must take an active role in working with policymakers, says former Canadian Prime Minister Kim Campbell. Businesses can impact cannabis public policy by providing the knowledge needed to help policymakers dismiss old language and beliefs about cannabis and replace that with new knowledge. That was one of the messages Campbell had for cannabis […]

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New Zealand’s marijuana legalization referendum picks up major backer

Former New Zealand Prime Minister Helen Clark is supporting the nation’s binding 2020 referendum on ending cannabis prohibition. In an opinion piece published in the United Kingdom’s Guardian newspaper titled “Cannabis prohibition doesn’t work anywhere; It’s New Zealand’s turn to legalize it,” Clark urged voters to make New Zealand the first Group of 20 nation […]

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TruTrace Technologies, Deloitte ink cannabis tracking deal

Toronto-based TruTrace Technologies, which registers and tracks intellectual property in the marijuana industry, has formed an alliance with consulting giant Deloitte to ensure product safety and efficiency. TruTrace will use its StrainSecure system through the collection of plant-testing data. Subsequent information will be stored in a database designed to ensure intellectual-property protection and strain validation. […]

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Aurora Cannabis sells remaining stake in Green Organic Dutchman

Aurora Cannabis, one of Canada’s largest marijuana companies, sold its remaining stake in Toronto-based The Green Organic Dutchman for 86.5 million Canadian dollars ($64.9 million). The sale, which gave Aurora an approximate return of 50% on its initial investment, involved 28.8 million shares, or about 10.5% of The Green Organic Dutchman (TGOD). Though Aurora no […]

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