International Marijuana Business News


Spannabis cannabis conference postponed amid coronavirus pandemic

Leading European marijuana business conference Spannabis Barcelona was postponed less than 48 hours before the planned start of the event. The conference was postponed for several months after local authorities suspended all gatherings larger than 1,000 people in an effort to contain the coronavirus. Spannabis is the latest cannabis-related conference to be closed or postponed in […]

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Marijuana firm TGOD books loss of CA$145 million, has seven weeks of funds left

Mississauga, Ontario-based marijuana company Green Organic Dutchman’s net loss ballooned to 145 million Canadian dollars ($105 million) for the final three months of 2019 on impairment charges of CA$127.7 million. That is up substantially from the previous quarter’s CA$20 million loss. Green Organic Dutchman (TGOD) reported sales in Canada of only CA$690,000 in the quarter […]

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Germany launches application process for distribution of domestically produced cannabis flower

Germany is looking for a distributor to service the government’s cannabis agency. The winning company will be responsible for shipping all domestically produced medical cannabis flower to pharmacies. The requirements and awarding criteria for the post indicate that companies with experience distributing narcotic drugs – and those able to offer a low price for their […]

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Cannabis edibles maker Wana Brands expands into Canada

One of the largest U.S. edibles makers, Colorado-based Wana Brands, has expanded into the Canadian market through a license agreement with Indiva Limited. Under terms of the agreement, London, Ontario-based Indiva will have the exclusive rights to produce and distribute Wana products in Canada. The expansion into Canada – Wana’s first market outside the United […]

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New Cannabis Council head presses Canada health minister on red tape, exports, excise stamps

One of the first orders of business for new Cannabis Council of Canada head George Smitherman was a meeting with federal Health Minister Patty Hajdu to discuss issues facing the burgeoning industry. Packaging restrictions, the export approval process, excise stamps and CBD were among the topics discussed Monday, Smitherman told Marijuana Business Daily. “On a […]

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More Canadian cannabis companies receive EU-GMP certifications

Two Canadian cannabis companies received EU-Good Manufacturing Practice (GMP) certification, an essential step to exporting medical marijuana to markets in the European Union. Brampton, Ontario-based producer Northern Green Canada received its EU-GMP certification March 4. On the same day, Eve & Co subsidiary Natural MedCo earned a certificate of EU-GMP compliance for its Strathroy, Ontario, […]

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Gordon no longer at 48North helm in latest cannabis CEO departure

48North Cannabis announced the sudden departure of Chief Executive Officer Alison Gordon, who led the Toronto-based producer for almost three years. Gordon was among a small number of women at the helm of a Canadian marijuana company. One year ago, a Marijuana Business Daily study found that men held 93% of Canadian cannabis boardroom positions. […]

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Coronavirus thwarts plans for SXSW, two more cannabis events

Three more cannabis-related conferences have been canceled or postponed, including this month’s massive South by Southwest (SXSW) event in Austin, Texas, because of the coronavirus outbreak. In addition to SXSW, which had a cannabis business track that included speakers from Marijuana Business Daily, the American Herbal Products Association (AHPA) postponed indefinitely the upcoming Hemp-CBD Supplement […]

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Ontario’s cannabis vape, edibles sales surpass CA$4 million in January

Roughly 4.4 million Canadian dollars ($3.3 million) worth of cannabis edibles and vape products were sold via wholesale and online channels in Ontario in January, the first month the products were available in the nation’s largest consumer market. The figures indicate strong demand from consumers, the Ontario Cannabis Store said in a statement. Demand for edibles […]

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Canadian cannabis-infused drink makers eye potential half-billion-dollar market

Canadian companies are preparing to roll out cannabis-infused beverages to tap a market estimated to reach half-a-billion dollars. British Columbia-based The Valens Co. announced the launch of a line of cannabis-infused beverages in Ontario this week, produced under a white label agreement with Iconic Brewing subsidiary A1 Cannabis Co. It is one of the first […]

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First adult-use cannabis topical ships in Ontario

Toronto-based 48North Cannabis shipped its cannabinoid-based topical to the Ontario Cannabis Store this week, tapping a market that could potentially reach 175 million Canadian dollars ($130 million). The company said the topical brand, Apothecanna, is the first to hit the regulated market in Ontario. Topicals are expected to make up a small, but measurable, niche […]

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