International Marijuana Business News

Verano, Scythian strike $188 million deal for Florida medical cannabis assets

Chicago-based Verano Holdings struck a deal to acquire a prized Florida medical marijuana license from Toronto-based Scythian Biosciences in exchange for a substantial equity investment. The deal, which includes an additional Scythian investment and is valued at $188 million (246.3 Canadian dollars) overall, reflects both companies’ focus on the U.S. medical marijuana industry – Verano […]

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Ecuador inches closer to legal medical cannabis production

A key legislative committee in Ecuador approved comprehensive health reform that could lead to legal cultivation, manufacture and prescribing of medical cannabis in the Latin American country. The measure, Libro II del Código de la Salud, was approved unanimously by the National Assembly’s standing commission on health – a cross-party committee of legislators – and […]

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Canadian acquisition company to purchase five US cannabis firms

Toronto-based Cannabis Strategies Acquisition Corp. (CSAC) has inked a deal to acquire five U.S. cannabis firms, with plans to combine the operations. CSAC – a special purpose acquisition company that is listed in Canada (CSA/A:CN) – will pay a total of 99 million Canadian dollars ($76 million) in cash for the five companies, with plans to […]

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Chart: Is marijuana already becoming a mainstream industry?

Broader consumer acceptance of marijuana across North America signals that the nascent industry may soon take a place among mainstream industries ranging from cosmetics to nonalcoholic beverages. A majority of respondents to a recent survey by Chicago-based consulting firm A.T. Kearney noted that their perception of mainstream companies would not change if the businesses became […]

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Canadian marijuana producer Aphria aims to list on the New York Stock Exchange

Aphria, one of Canada’s largest cannabis producers, has filed documents with U.S. securities regulators signaling its intent to list its shares on the New York Stock Exchange. If approved, the Ontario-based company will join a growing list of Canadian cannabis firms turning to the top U.S. exchanges to tap the globe’s largest pool of institutional […]

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Former PM Mulroney: ‘Others will follow’ Canada’s lead on cannabis

Former Prime Minister Brian Mulroney says other countries will follow Canada’s lead on cannabis legalization, but it will take time. On the same day Canada legalized marijuana for recreational use, Mulroney announced his intention to join the board of Acreage Holdings – one of the largest marijuana companies in the United States. Mulroney – prime […]

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Lithuania becomes Europe’s latest adopter of medical marijuana

Lithuania’s Parliament voted unanimously to give doctors the ability to prescribe marijuana to treat certain health conditions, making it the latest European Union country to approve the use of medical cannabis. Agence France-Presse reported that the pending law will come into force May 1, and the sale of medical marijuana will require a license from […]

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Photos from Canada’s historic first day of recreational cannabis legalization

Canada’s landmark day of legal recreational marijuana sales was a success for many companies and key industry players who had businesses operational in time for the overwhelming turnout of consumers on Oct. 17. Here is a selection of photos from across Canada as it became the first major industrialized nation to launch a recreational cannabis market.

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