International Marijuana Business News

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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Greek cannabis bill passes key hurdle as Canadian producer eyes investment

International investors are eyeing Greece as a draft bill on medical cannabis moved out of committee this week, positioning the country to be the next to ride the European Union’s medical cannabis wave. Parliamentary committees approved the government’s draft bill aimed at creating a legal framework for the cultivation and production of medical cannabis, while […]

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Canadian cannabis company faces investigation from stock regulator

A Canadian cannabis company is being investigated by a securities regulator after two of its directors sold millions of dollars worth of shares only days before it announced a large equity financing. The licensed producer, Maricann Group, also failed to disclose to investors that its CEO is under investigation for actions at a previous company, […]

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