International Marijuana Business News

Draft infused cannabis regulations in Canada should be eased, group says

An industry group representing cannabis-infused beverage makers in Canada wants the government to ease proposed regulations to put businesses on a more competitive footing with the illicit market. The newly formed Cannabis Beverage Producers Alliance (CBPA) has 10 member organizations, including Province Brands, Hill Street Beverage Company and Lifford Cannabis Solutions. In a submission to […]

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Curaleaf’s $1B buy, cannabis brews, social use progress & more of the week’s top news

Curaleaf is buying Cura Partners for close to $1 billion, Canada’s largest independent brewery takes the cannabis plunge, Colorado and Las Vegas join the social use bandwagon – plus other important news from around the marijuana industry. Billion-dollar baby Massachusetts-based cannabis group Curaleaf is acquiring Cura Partners for 1.27 billion Canadian dollars ($949 million) in […]

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Danish medical cannabis market sees significant growth in first year

The number of patients who received medical cannabis prescriptions in Denmark more than tripled in the initial year of the country’s program, exceeding expectations of executives in the country. However, more needs to be done to lower prices, expand product selection and further improve access, the executives said. Prescriptions of medical cannabis products in Denmark […]

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Canada’s first nursery license marks ‘key point’ in cannabis industry’s development

Canada’s cannabis regulatory agency issued its first nursery license to Alberta-based InPlanta Biotechnology – a milestone that could lead to a more diversified selection of marijuana from a wider variety of genetics and a more competitive legal market. The new license category allows holders to produce and sell marijuana and hemp genetics, including seeds and […]

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Canopy acquires German cannabis company C3 for $253 million

Canadian marijuana giant Canopy Growth has acquired Germany-based C3 Cannabinoid Compound Company from Bionorica in an all-cash deal for 226 million euros ($253 million). The deal is one of the largest cannabis acquisitions in the European market to date. C3 generated revenue of $30 million in 2018 from five products, according to a news release. The subsidiary […]

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Cannabis group Curaleaf to acquire Cura Partners for CA$1.27 billion

Massachusetts-based Curaleaf, a vertically integrated cannabis company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. The deal is the latest in a string of recent mega-deals in the cannabis […]

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Moosehead, Sproutly Canada to launch cannabis-infused beverages

Moosehead, the largest fully Canadian-owned brewery, is partnering with Sproutly Canada to make nonalcoholic, cannabis-infused beverages – marking the latest major brewery to make a splash in the marijuana sector. Moosehead and Sproutly entered into a definitive agreement to form a joint venture, with each holding 50% ownership. Sproutly CEO Keith Dolo told Marijuana Business Daily […]

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Ontario’s legal adult-use cannabis sales hit new low

Hobbled by the bungled rollout of physical stores and inconsistent inventory at the monopoly online retailer, sales of legal adult-use cannabis in Ontario hit a fresh low in the month of February. Receipts at the Ontario Cannabis Store declined to just 7.5 million Canadian dollars ($5.6 million), down from almost CA$9 million in January, according […]

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Canadian marijuana firm Canopy Growth set to build NY hemp facility this summer

Canopy Growth, a leader in the Canadian marijuana industry, will enter the U.S. cannabis market by building a $150 million industrial park in Kirkwood, New York, for the manufacture of hemp products. Company officials said Monday that construction will begin this summer on a 308,000-square-foot facility on a 48-acre property near the Pennsylvania border. Canopy announced in […]

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Germany authorizes medical cannabis shipments from Latin America for testing, paving way for future opportunities

The first cannabis shipments from Latin America to Europe have been approved, a move that could lay the groundwork for future business opportunities between the two regions. Cansativa GmbH, a German importer of medical cannabis that currently sources product only from the Netherlands, received a one-time authorization to import samples from Latin America exclusively for […]

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Green Growth offer for Aphria cannabis group expires

Ohio-based marijuana group Green Growth Industries’ offer for Canadian producer Aphria has expired, ending the hostile takeover bid. Aphria, which trades as APHA on both the New York Stock Exchange and the Toronto Stock Exchange, consistently rejected Green Growth’s offer. For more details on the offer’s expiration, click here.

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On deck in Denmark – cultivation and export: Q&A with Cannabis Denmark CEO Rikke Jakobsen

Danish and international companies are opening their wallets to make Denmark a cultivation and research hub in Europe, putting the country in direct competition with lower-cost jurisdictions such as Israel, Greece, Malta and Portugal. And with the first year of Denmark’s medical cannabis trial program in the books, industry sources say the country is on […]

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