International Marijuana Business News

Lesotho attracts another major medical cannabis investment

The first country in Africa to regulate medical marijuana has attracted another significant international investor, this time from a large Canadian licensed producer. Toronto-based Supreme Cannabis will invest 10 million Canadian dollars ($7.7 million) for a 10% stake in Medigrow Lesotho, the companies announced in a news release. Based in the Kingdom of Lesotho in […]

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Snoop Dogg’s venture capital firm leads CA$4.3M raise for Canadian cannabis company

It didn’t take long for Snoop Dogg’s venture capital firm to invest some newly raised capital. Only a week after closing a $45 million funding, the rapper’s Casa Verde Capital on Monday led a 4.3 million Canadian dollar ($3.3 million) seed investment in Green Tank Technologies, a Toronto-based vaporization hardware developer. According to a news release, […]

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MedReleaf signs deal to supply medical marijuana to German distributor

A top Canadian medical cannabis producer signed a deal to become the largest supplier of medical marijuana products to a pharmaceutical distributor in Germany. MedReleaf, based in Markham, Ontario, and listed as LEAF on the Toronto Stock Exchange, expects shipments to Cannamedical Pharma GMBH to commence in the coming weeks, according to a news release from the company. […]

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CBD manufacturing facility under construction in Kentucky

A Chinese hemp company and a California-based CBD company are building a new plant to manufacture CBD isolate in western Kentucky. The plant from HMI Group of Beijing and Kings Royal Biotech of Capistrano Beach, California, is expected to employ more than 100 people on nine acres in Bardwell, near the Mississippi River and just […]

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Canada releases rules for cannabis packaging, ‘micro-cultivation’

When recreational marijuana hits store shelves in Canada later this summer, it will be sold in “plain packaging” that contains only a standardized cannabis symbol and one of 14 health warning messages, according to an updated set of proposals released Monday. The recommendations were part of a Health Canada report summarizing feedback from 3,200 people on […]

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Unit of big pharmaceutical firm Novartis partners with medical marijuana producer Tilray

British Columbia-based medical marijuana producer Tilray announced Monday it has formed a strategic partnership with Sandoz Canada, the first known affiliation between a marijuana producer and a major pharmaceutical company. Tilray signed a letter of intent with the Quebec-based affiliate of Sandoz International GmbH, an arm of global health care giant Novartis. The entry of […]

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‘Virtually all’ alcohol firms eyeing cannabis: Q&A with ex-Coors exec & new Sundial CEO

Alcohol companies should be watching their backs. That’s the warning from Torsten Kuenzlen, a former executive for The Coca-Cola Co. and Molson Coors. In his opinion, legal cannabis has an obvious competitive advantage over alcohol products. “All alcohol is consumed only as a liquid. Cannabis meets more consumer needs and motivations in the way that it’s […]

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British Columbia leads Canada in ‘refused’ marijuana producer applications

More businesses have been denied medical cannabis cultivation licenses in British Columbia than in any other province in Canada, according to new data provided to Marijuana Business Daily by Health Canada. British Columbia accounted for 100 of the 268 applicants that have been turned down across the country. Ontario, which has the most producers and […]

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Greece looks to draw billion-dollar investments after legalizing medical marijuana

After the Greek parliament approved a law for the cultivation and sale of medical cannabis this month, five international companies already have expressed interest in pumping over 1 billion euros ($1.2 billion) into the country’s burgeoning sector. However, investments will largely depend on the secondary legislation that has yet to be developed, according to the […]

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Tiny Lesotho looks to become African staging ground for medical marijuana businesses

A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy to become a supplier of medical cannabis and ancillary services to other countries in Africa where medical cannabis laws are in the works – […]

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Canada’s CannTrust becomes latest to invest in Danish medical cannabis market

A Canadian medical marijuana grower is launching a joint venture in Denmark with its eye on meeting MMJ demand throughout Europe, becoming the latest Canadian cultivator to establish a presence in the Scandinavian country. Ontario-based CannTrust Holdings said it inked a joint venture agreement with the Danish company Stenocare, which already has received a medical […]

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