International Marijuana Business News

Tiny Lesotho looks to become African staging ground for medical marijuana businesses

A landlocked nation in southern Africa is on the cusp of opening major medical cannabis opportunities both domestically and internationally, provided government and businesses overcome near-term obstacles. The opportunity for Lesotho’s economy to become a supplier of medical cannabis and ancillary services to other countries in Africa where medical cannabis laws are in the works – […]

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Canada’s CannTrust becomes latest to invest in Danish medical cannabis market

A Canadian medical marijuana grower is launching a joint venture in Denmark with its eye on meeting MMJ demand throughout Europe, becoming the latest Canadian cultivator to establish a presence in the Scandinavian country. Ontario-based CannTrust Holdings said it inked a joint venture agreement with the Danish company Stenocare, which already has received a medical […]

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Aurora expected to debut on benchmark Canadian stock index

The second-largest cannabis company in Canada by sales is expected to be included in the benchmark Canadian stock index, a move that analysts predict will make the sector more appealing to institutional investors and ease capital access. Alberta-based Aurora Cannabis, which trades on the Toronto Stock Exchange under the symbol ACB, could be added to […]

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Canadian provinces, local government programs boost burgeoning cannabis industry

Cannabis companies in Canada have access to tens of millions of dollars worth of financial incentives from provincial and municipal governments – if they know where to look. So far, various levels of government in six provinces have offered incentives to cannabis-related businesses in the form of direct subsidies, tax credits and other financial sweeteners. […]

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European hemp group seeks higher THC limits to compete with North America

A major hemp industry group in Europe wants to see higher THC limits to meet the threshold in the United States and Canada. The European Industrial Hemp Association, based in Huerth, Germany, called on EU regulators to raise hemp’s THC limit from 0.2% to 0.3%. The U.S. and Canada allow hemp to contain no more […]

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Germany’s medical marijuana market poised for breakout year

Germany is on track to become one of the world’s largest medical marijuana markets this year as insured patient numbers soar, MMJ imports rise and the country prepares for domestic cultivation. Some executives also expect recreational legalization to happen “in the foreseeable future.” Germany’s rapid growth is expected to continue independent of the country’s plan […]

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Panama advances import-only medical marijuana law

After months of public discussion on a law to authorize and regulate medical cannabis in Panama, a draft bill has been advanced by a key parliamentary committee. Members of the Labor, Health and Social Development Committee voted Tuesday to move the bill forward but to also strip the measure of domestic cultivation. That means Panama’s […]

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Puerto Rico medical marijuana market ‘growing exponentially’

One year after legalizing medical cannabis, the number of patients registered in Puerto Rico has surpassed 20,000, signaling that the industry has regained the momentum lost after last year’s devastating hurricane season. The American territory’s MMJ market is now “growing exponentially,” said Secretary of Health Rafael Rodríguez Mercado, and is adding 500 new patients per […]

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Australian state cuts red tape to boost medical marijuana access

The most populous state in Australia is making it easier for doctors to prescribe medical marijuana, opening the door to faster growth in the country’s MMJ industry. Australia’s medical market has seen anemic growth due in part to separate regulations at the state and federal government level limiting patient access. New South Wales, however, is […]

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Global spending on legal cannabis to hit $57 billion by 2027, report says

Worldwide spending on legal cannabis is forecast to reach $57 billion by 2027, led by growth in North America and Europe, according to a new report by Arcview Market Research and BDS Analytics. North America will continue to see the most spending on legal cannabis, rising from $9.2 billion in 2017 to $47.3 billion in […]

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Ex-Coke, Coors executive takes reins of Canadian marijuana company

A burgeoning cannabis producer with aspirations of being a global leader has appointed a longtime Coke and Molson Coors executive as its new CEO. Torsten Kuenzlen took the helm of Alberta-based Sundial Growers this week. The move illustrates how Canadian cannabis companies are luring top international talent to fill C-suite executive positions, as the stigma […]

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