International Marijuana Business News

Insurance-covered cannabis in Germany tops 70 million euros in 2018

Statutory health insurers in Germany covered 73.7 million euros ($83.7 million) worth of medical cannabis products in 2018, according to new data published by German health insurance agency GKV-Spitzenverband. Pharmacies in the country processed 185,370 prescriptions under the statutory program – which covers roughly 90% of the population – during the year. Private prescriptions are […]

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Medical cannabis sales climb in Canada after adult-use legalization

(Correction: A previous version of this article stated the only way to obtain medical cannabis in Canada was through the mail from a licensed cultivator. Patients may also seek authorization from the federal government to grow it themselves or to have a designated person cultivate it for them. – Ed.) Sales of medical marijuana oil […]

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Israel’s prime minister contemplates adult-use marijuana legalization

Three weeks before the country goes to the polls, Israeli Prime Minister Benjamin Netanyahu said he would weigh legalizing cannabis if his party wins another term, The Jerusalem Post reported. So far, Canada and Uruguay are the only countries to have created regulated markets for adult-use marijuana. Netanyahu’s conservative Likud party is contending with the centrist Blue and […]

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Canada’s dried cannabis supply builds as adult-use sales decline

The volume of dried adult-use cannabis sold in the regulated Canadian market fell in January while inventories continued to build, according to the latest data from Health Canada. In January, 5,330 kilograms of dried cannabis was sold through regulated channels across the country, down 4.5% from December 2018. Inventories of “finished” dried cannabis held by […]

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Marijuana firm Tilray taps ex-Goldman Sachs managing director

Canadian marijuana cultivator Tilray said it is hiring former Goldman Sachs Managing Director Andrew Pucher as chief corporate development officer. Pucher – the latest Wall Street executive to enter the marijuana industry – most recently covered cannabis stocks for Goldman as part of his role as managing director and head of Canadian Diversified Investment Banking. At […]

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Billionaire Peltz joins Aurora Cannabis to advise on partnerships, expansion

Nelson Peltz will join Aurora Cannabis as a strategic adviser to help the company lock in partnerships and expand internationally – a move seen as a major vote of confidence for the Canadian company and broader marijuana industry. In exchange, the Edmonton, Alberta-based company will grant Peltz options to purchase almost 20 million shares in […]

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About 20 workers form Ontario’s first marijuana industry union

Nearly two dozen Ontario Cannabis Store (OCS) employees agreed to unionize under the United Food and Commercial Workers Union (UFCW) banner, making them the first union members in Ontario’s fast-growing marijuana industry. The unionized workers are part of the OCSs call center, which provides customer support for the province’s government-run online cannabis store. UFCW National […]

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EXCLUSIVE: Zimbabwe approves first license for private cannabis company

A Zimbabwe company says it received approval for its cannabis license, which will make it the first in the country to be permitted to commercially produce medical marijuana nearly a year after the nation legalized cultivation for medicinal and scientific purposes. Precision Cannabis Therapeutics Zimbabwe was approved for the license March 7, pending payment of a […]

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CEO of company bought by PepsiCo invests in, joins board of cannabis tech firm Seedo

The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]

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