International Marijuana Business News

Australian CBD producer to distribute in Czech Republic

Talk about an international operation. An Australian nutraceutical company that manufactures hemp-based CBD products in Switzerland is planning to sell them in the Czech Republic, according to a news release from the company, Creso Pharma. Creso, a public company that trades on the Australian stock exchange, said it has signed a distribution agreement with the […]

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Australian entrepreneurs can now apply to grow medical cannabis

Australian cannabis business owners can now apply for licenses to grow medical marijuana under the country’s new MMJ law. The Australian government’s Narcotics Drug Amendment Act 2016 took effect on Oct. 30, according to Australia Network News. It allows businesses to grow marijuana for medicine, conduct research on the plant and create marijuana products for medicinal purposes. […]

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British Sugar to grow cannabis for GW Pharma

GW Pharmaceuticals, the British developer of a CBD-based anti-seizure medicine that could be on American shelves in 2018, has contracted Britain’s leading sugar supplier to grow its medical cannabis. British Sugar, the top beet sugar supplier in the UK, will grow the cannabis in an 18-hectare greenhouse in eastern England, where the company now grows tomatoes, […]

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Israeli pharmacies to start selling medical cannabis

Israeli pharmacies are gearing up to sell medical marijuana across the nation under the government’s ongoing efforts to liberalize the use and sale of MMJ. Super-Pharm, which has 225 branches across Israel, has been consulting with the nation’s health ministry to allow prescription and provision of medical marijuana by authorized doctors and pharmacists, Israel’s Haaretz […]

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Australian MMJ company lists stock, which soars

An Australian developer of marijuana-based medicines that debuted on the Australian Securities Exchange Thursday saw its stock soar 38% above its offering price before settling in to close 30% above its listing price. The Sydney Morning Herald valued Creso Pharma at about $11.5 million Australian dollars (about $9.7 million). The company (CPH AX) listed on the ASX […]

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GW Pharma scuttles UK listing to trade on U.S. market

GW Pharmaceuticals, a high-flying biotech firm in the United Kingdom that is seeking U.S. regulatory approval for a CBD-based drug, has abandoned its U.K. stock market listing to instead trade exclusively in the United States. The firm announced it would ditch its Aim market listing this December, according to Britain’s Telegraph newspaper. A company executive […]

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Turkey to allow limited MMJ production

The Turkish government has legalized medical cannabis production in 19 of its 81 provinces, but the step forward is quite tentative and has a lot of strings attached. According to Britain’s Independent newspaper, the move by the Ministry of Food, Agriculture and Livestock is intended to combat the black market. But many specifics are unclear. For […]

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Cayman Islands clears way for use of medicinal cannabis oil

Cayman Islands lawmakers have cleared the way for legalization of medicinal cannabis oil, but questions remain about where the country will obtain it. Lawmakers approved a second reading of a bill Monday that would allow cannabis oil to be prescribed by local doctors and sold by pharmacies on the Caribbean island to cancer patients and others, […]

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UK to legalize CBD-based products as medicine

The United Kingdom’s top medical products regulatory authority has ruled that CBD and products containing the cannabis compound will now be treated as medicine. The announcement, however, doesn’t mean consumers will suddenly be able to buy CBD-infused products. Medicine makers will have to prove their CBD products meet safety, quality and effectiveness standards, the BBC […]

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South Australia government backs medical marijuana industry

A South Australian medical marijuana cultivation company has been created and the State Government there is showing strong support for the industry ahead of the nation’s plans to legalize MMJ this fall. The co-founder of Australia Cannabis Corporation told InDaily he met with South Australia representatives and they gave him the approval he needs to apply for […]

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