International Marijuana Business News

McLellan calls on Canadian Senate to avoid ‘undue partisanship’ to get around rec cannabis delay

The former chair of Canada’s federal task force on cannabis legalization is calling on senators to avoid “undue partisan activity” as the bill faces the potential of a delay over contentious amendments that are under consideration. The Senate has every right to consider the Cannabis Act rigorously, Anne McLellan told Marijuana Business Daily. “But I’m hoping that partisanship […]

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Another big Canadian bank dips toes in marijuana sector

A new report on Canada’s legal marijuana industry by the country’s fourth-largest bank signals growing interest in the sector among institutional investors, which until recently have been extremely cautious in their approach to cannabis businesses. Analysts on CIBC’s Institutional Equity Research team estimate that legal retail sales of recreational marijuana will reach 6.5 billion Canadian […]

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Major Canadian supermarket chain Loblaw plans cannabis sales

One of Canada’s biggest supermarket operators plans to enter the business of selling recreational marijuana products pending legalization late this summer.

Loblaw, a leader in the country’s supermarket industry, said some of its locations in Newfoundland are among 23 selected as “qualified applicants” to become licensed cannabis retailers.

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Emerald Health Therapeutics buys Canadian cannabis grower for CA$90 million

British Columbia-based cultivator Emerald Health Therapeutics signed a deal worth 90 million Canadian dollars ($70 million) to buy rival cannabis producer Agro-Biotech. The agreement expands Emerald’s (TSXV: EMH) footprint into Quebec, Canada’s second largest province. Based in Saint-Eustache, Agro-Biotech is one of six licensed marijuana producers in Quebec. The startup is on pace to have a […]

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Cannabis companies MedReleaf, Aurora confirm merger talks, but no deal yet

Two of Canada’s leading marijuana producers, MedReleaf and Aurora Cannabis, confirmed they have held merger talks, but no agreement has been reached. In separate statements issued Thursday, MedReleaf and Aurora acknowledged that discussions were underway. Trading in both companies’ shares was halted temporarily on the Toronto Stock Exchange. MedReleaf is traded on the TSX as LEAF and Aurora as ACB. […]

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Canadian marijuana grower Green Organic Dutchman delivers solid stock debut

Canadian cannabis grower The Green Organic Dutchman launched its stock debut Wednesday – delivering a strong inaugural trading performance by finishing up more than 8% from its opening price. Trading under the ticker symbol TGOD on the TSX Venture Exchange, the stock opened at 3.60 Canadian dollars a share – 5 cents below the initial public […]

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Canadian Senate committee asks for marijuana legalization delay

Two Senate committees reviewing Canada’s proposed marijuana legislation are asking for significant changes to the bill before it becomes law – changes that could delay implementation and have a major impact on businesses prepping for the recreational market.

The Committee on Aboriginal Peoples wants the bill amended to address a “lack of meaningful consultation” with First Nations communities and asked for a delay of up to one year.

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Cannabis testing lab operator Steep Hill expands to Mexico, six European markets

California-based Steep Hill Labs, a prominent cannabis testing lab, has announced plans to expand operations to Mexico and six western European markets, further broadening the company’s global footprint. This is yet another example of a company using its Canadian presence to springboard into the growing international cannabis market. According to a news release, the licensee for Steep […]

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Illegal exports of Canadian cannabis products top CA$1 billion in 2017

Over 1 billion Canadian dollars ($780 million) of cannabis products were shipped from Canada last year through unregulated channels, according to a preliminary estimate from the government’s statistics agency. The figure includes shipments approved by the regulatory body overseeing medical cannabis in Canada, “but they represent less than 1% of the total,” Conrad Barber-Dueck, chief of […]

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Provincial Preview: British Columbia poised to play major role in Canada’s cannabis industry

Cannabis businesses in British Columbia can leverage decades of market experience in cultivation, retail and research and development to maintain their dominant position in Canada’s marijuana industry when recreational use becomes legal later this year.

The province’s multibillion-dollar gray market includes hundreds of dispensaries and at least 4,000 licensed personal growers.

But how much of that will shift to the regulated market when it rolls out?

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Zimbabwe legalizes cannabis cultivation, becomes second African nation to adopt MMJ

Zimbabwe legalized the cultivation of cannabis for medicinal and scientific purposes, making it only the second country in Africa to lay the groundwork for a medical marijuana industry. Details of the country’s cannabis regulations were announced in the government gazette on Friday, according to Zimbabwe’s state-owned newspaper, The Herald. (The gazette prints official notices and […]

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