International Marijuana Business News

Australian medical cannabis firm targets Balkans

A medical cannabis company in Perth, Australia, has signed a distribution agreement with a Slovenian company to expand the MMJ market in Europe. Under the deal, Australia-based MGC Pharmaceuticals will grow and process cannabis at its cultivation and extraction sites in Europe and then wholesale the products to Mikro+Polo, according to the Business News of […]

Read More

Australian companies ramping up for medical marijuana market

Australian businesses looking to enter the nation’s nascent medical cannabis market are doing plenty of prep work, including raising millions and signing partnership deals. Within recent days, Perth-based AusCann was at the center of two such related developments. The publicly traded company on Wednesday revealed it is attempting to raise 10 million Australian dollars ($7.4 […]

Read More

Canadian producer Tilray expands its cannabis export market

Tilray, a major licensed Canadian medical marijuana producer, expanded its international reach with recent MMJ exports to Cyprus and Chile. Tilray, which is owned by Seattle-based Privateer, said its shipment to Cyprus consisted of Tilray drops, a medical cannabis extract product. Tilray’s agreement with Chile calls for its MMJ products to initially be sold through pharmacies in […]

Read More

South Africa may legalize medical cannabis production

The legal medical marijuana trade is poised to spread to its fifth world region: Africa. The South African Medical Control Council plans to soon publish “proposed guidelines on cannabis production for medicinal use,” according to Independent Online. Parliament member Narend Singh told an IOL property, The Mercury, he received a letter from the Medical Control […]

Read More

Jamaica grants conditional OK for three MMJ businesses

Jamaica’s Cannabis Licensing Authority (CLA) has given initial approval to three medical marijuana business applicants, two for cultivation and one for processing. But the actual launch of the island’s medical marijuana industry – ranging from growers to retailers – could still be months off. A total of 160 applicants competed for the latest batch of business permits, according […]

Read More

Tilray to export medical cannabis to New Zealand 

Tilray, a federally licensed cultivation company based in Nainamo, Canada, will begin exporting medical cannabis to New Zealand before the end of February. It’s the latest overseas deal for Tilray, which is owned by Seattle-based private equity firm Privateer Holdings. Both the Canadian and New Zealand governments have approved the MMJ exports, Tilray announced in […]

Read More

Peruvian government seeks to legalize medical cannabis

Peru could become the latest country to legalize medical cannabis if a bill proposed by the nation’s president is approved by the legislature. President Pedro Pablo Kuczynski decided to back the move after a raid in the capital city of Lima unveiled a group of parents growing cannabis so they could produce oils with which to […]

Read More

Israel moves toward becoming a medical cannabis exporter

Israel, already a leading cannabis research power, could become a major player in the international marijuana business landscape after a government committee approved draft legislation allowing the export of medical marijuana. The green light from the ministerial committee on legislation means the measure will proceed as a government-backed bill, AFP reported. But a government statement […]

Read More

Israeli MMJ lab company expanding to North America

An Israel-based company that specializes in quality-control testing equipment and standards for medical cannabis is using a newly raised $1 million in investment capital to expand its business operations into the North American market, the latest indication the marijuana industry is quickly going global. The firm, Cannabi-Tech Ltd., did not specify in a press release […]

Read More

Tilray to begin exporting MMJ from Canada to Chile

One of Canada’s 38 licensed medical cannabis producers said it will begin exporting MMJ products to Chile starting this month. Tilray, a subsidiary of Seattle-based Privateer Holdings, is teaming up with Alef Biotechnology SpA on the export deal, according to a news release. Based in Nanaimo, British Columbia, Tilray estimates the potential MMJ patient base in […]

Read More

Israeli government to finance 13 cannabis research projects

Israel’s Agriculture and Rural Development Ministry plans to spend 8 million shekels ($2.1 million) on research into cannabis cultivation, biochemistry and medicine. The government is hopeful the research will lead to cannabis-based therapeutic products, the Times of Israel reported. To start, the ministry is financing 13 projects, including seven in the fields of biochemistry and medicine. […]

Read More

Germany to greatly expand its medical cannabis program

The German parliament voted unanimously on Thursday to create a much broader medical marijuana program than the one that exists today, but the market will remain tightly controlled with limited opportunities for cannabis entrepreneurs. The new law will allow doctors to prescribe medical marijuana to patients with “serious illnesses” such as multiple sclerosis, chronic pain, appetite loss […]

Read More