International Marijuana Business News

Leafly plans to delist unlicensed marijuana businesses in Canada

Leafly, one of the biggest marijuana retail listing sites in North America, will allow only licensed cannabis companies in Canada to list on its platforms once adult-use MJ becomes legal next month. Canadian regulations permit only licensed retailers and delivery services to advertise on technology platforms, Leafly said in a news release. Beginning Oct. 17, […]

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Cannabis firm Tilray cuts ties with Namaste Technologies following pledge party

A reportedly racy shareholder party hosted by Namaste Technologies has cost the Toronto company its business ties with fast-growing cannabis producer Tilray.

Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste after a highly publicized “pledge party” the firm held for stockholders who promised not to sell company shares for 90 days.

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Coca-Cola eyes CBD ‘functional wellness beverages’ as soda market cools

The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]

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Calgary looks to develop Canada’s first cannabis business hub

Alberta’s most populous city is throwing its doors open to the cannabis industry, designating part of a massive industrial park as a cannabis business “hub.” “We recognize the opportunity the cannabis industry provides for Alberta and Calgary to diversify its economy and want to collaborate and facilitate the growth of the industry here in our city,” said […]

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Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

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UK to rely on imports to meet ‘unlicensed’ medical cannabis demand

The United Kingdom likely will lean on imports to supply “unlicensed” cannabis-derived products after medical marijuana becomes available by prescription later this year. A new report by a council studying medical cannabis in the U.K. advises the government should encourage pharmaceutical companies to apply to the Healthcare Products Regulatory Agency for a license to market cannabis-derived medicinal […]

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Canada’s commercial marijuana insurance market gets big backers

Two multinational insurance companies have given the green light to underwriting cannabis-related businesses in Canada, allowing companies in the burgeoning sector to grow their operations while reducing risks and liabilities. Lloyd’s of London and Hub International both announced plans to enter the cannabis industry in Canada. In a bulletin, Lloyd’s said it would offer insurance […]

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CannTrust, alcohol wholesaler partner for cannabis distribution in Canada

CannTrust – one of Canada’s leading purveyors of cannabis – inked a strategic partnership with Breakthru Beverage Group to establish a cannabis-focused sales brokerage company. The exclusive partnership will develop a route-to-market platform for CannTrust’s recreational cannabis products in Canada. The sales brokerage company will be a new subsidiary of Breakthru Beverage Group (BBG) and […]

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Pharma giant Bayer on cannabis: No decision ‘until we fully understand market’

Monsanto pulled its Health Canada-approved pesticide from the cannabis market months ahead of a planned merger with German company Bayer, but the pharmaceutical giant is not ruling out an eventual entry into the sector. Health Canada told Marijuana Business Daily that Monsanto – the manufacturer of Actinovate SP – requested cannabis be removed from the […]

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Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 7, 2018)

This is the first installment of a new weekly series from Marijuana Business Daily and Viridian Capital Advisors. Each week, we will provide you with the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week […]

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France launches committee to evaluate medical cannabis market

A French health agency has launched a temporary scientific committee to assess how to create a medical cannabis market in France. The nation legalized cannabis-based medicines in 2013, but no product is legally available because the market has not been developed. The French National Agency for the Safety of Medicines and Health Products (ANSM) has […]

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Germany won’t award first cannabis cultivation licenses until early 2019

Germany intends to award the country’s first domestic licenses for medical cannabis cultivation in the first quarter of next year, with the first crop expected in 2020. The government laid out the timetable in a written response to queries from the Free Democratic Party parliamentary group in the Bundestag, according to the weekly German-language medical magazine […]

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