International Marijuana Business News

In Canada, a macro wait for micro licenses in cannabis

Small-scale cannabis growers in Canada are facing such burdensome licensing regulations that fewer than 30 such applications have been made to Health Canada since legalization in October. One of the main problems regarding such licensing comes from restrictions imposed by municipalities, industry experts say. “Few municipalities have the zoning required to accommodate a micro-cultivation permit,” […]

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CEO of Canadian cannabis giant Aphria out amid short attack, hostile takeover bid

The chief executive officer of one of the biggest cannabis companies in North America plans to depart as the company continues to fend off a short attack and separate hostile takeover. Aphria CEO Vic Neufeld and co-founder Cole Cacciavillani will transition out of their executive roles over the coming months, the company announced Friday. “Succession […]

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Canadian marijuana companies raised landmark CA$12 billion in 2018

Marijuana firms in Canada raised a record 11.96 billion Canadian dollars ($9 billion) last year as they prepared to meet demand in the new adult-use market and grow their medical operations globally. That represents a 150% increase over 2017, when Canadian companies raised CA$4.7 billion, according to data compiled by Viridian Capital Advisors and shared […]

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Chinese delegation will visit Israel to explore medical cannabis opportunities

A Chinese delegation from business and research circles is planning to visit Israel in the coming days to explore opportunities in the medical cannabis sector. Cannabis for medical use remains illegal in China, but if the country’s position changed – even just on CBD, it could open significant business opportunities in the world’s most-populated country. Other […]

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Canadian marijuana industry targets alcohol, mainstream executives to steer growth

Cannabis corporations in Canada are ramping up their drive to hire executives from the alcohol, tobacco and consumer packaged goods (CPG) sectors to help steer aggressive growth strategies. Personnel in these sectors have experience getting brands on shelves and into the hands of consumers, so they are highly attractive to leaders in the burgeoning cannabis industry […]

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British Columbia won’t rule out starting own cannabis production scheme ‘in future’

British Columbia says it could consider establishing its own licensing scheme for cannabis production in the future, however the province currently has no plan to take the unprecedented step. “It’s too speculative at this point to comment on what a plan could be,” the Ministry of Public Safety and Solicitor General said in a statement to Marijuana […]

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Cannabis data firm Headset raises $12M as Canada’s Canopy acquires stake

Seattle-based marijuana data and analytics provider Headset raised $12.1 million for expansion, with Canadian marijuana giant Canopy Growth Corp. acquiring a key stake. Toronto-based Canopy Rivers, the venture-capital arm of Canopy Growth, invested $3.1 million in Headset preferred shares through a funding round led by San Francisco-based Poseidon Asset Management and AFI Capital Partners of […]

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Denmark approves ‘bulk’ medical cannabis exports as European programs stall

An executive order to implement bulk cannabis exports from Denmark went into force Jan. 1, according to the Ministry of Health, putting Danish medical marijuana companies on a solid footing to compete across the European Union. Denmark is now a clear front-runner in Europe, where countries and businesses are jostling for position for what United Kingdom-based […]

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Ontario releases rules for next week’s marijuana store lottery

Ontario released its rules for prospective entrepreneurs who want a chance to win a license in next week’s cannabis retail lottery. The province announced it was switching to a lottery system in mid-December due to “severe supply shortages across the country.” The lottery – to be carried out by the Alcohol and Gaming Commission of Ontario […]

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‘Investors smell opportunity’: Bermuda courts cannabis industry

Bermuda is lifting a regulatory ban on marijuana investment funds, a move that could grow the pool of international capital available for the legal cannabis industry and blaze a trail for other offshore financial centers. It is part of the British island territory’s plan to court the medical marijuana industry – both investment funds and cultivation […]

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