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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An insider’s look at Australia’s new MMJ market: Q&A with consultant Adam Miller
By Bart Schaneman Adam Miller, founder of an Australian cannabis consultancy, stands in the center of a market about to take root. In February, the Australian government paved the way for the legalization of medical marijuana, with regulators poised to issue MMJ rules and licenses in a matter of days.
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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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Week in Review: Cannabis election map set, credit unions get serious, Puerto Rico fight
By John Schroyer and Omar Sacirbey The November cannabis election map is essentially finalized, credit unions get serious about marijuana businesses, and a Denver attorney weighs in on the MJ software battle in Puerto Rico. Here’s a closer look at some notable developments in the marijuana industry over the past week.
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Puerto Rico inventory tracking system deal embroiled in dispute
By John Schroyer Three U.S. cannabis inventory software firms are involved in a legal tussle centered over whether Puerto Rico may have violated its own laws when awarding a government contract. BioTrackTHC, which beat at least five other competitors to win the Puerto Rico contract, is the target of the dispute.
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Israel to begin exporting medical cannabis overseas
Israel plans to begin exporting medical marijuana overseas, the nation’s agriculture minister said, a decision that comes soon after the government approved steps to make MMJ more widely available to patients in the country. The Times of Israel reported the shipments would begin “soon.” Agriculture Minister Uri Ariel told Israel Radio over the weekend that in […]
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Uruguayan Cannabis Company Betting on Hemp
Uruguay made history nearly three years ago when it became the first modern country to legalize recreational marijuana at the federal level. But given how difficult the country’s industry rollout has been, at least one Uruguayan cannabis producer is shifting its sights to marijuana’s non-psychoactive cousin: hemp. International Cannabis Corp., one of only two licensed […]
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Puerto Rico MMJ Sales Could Start in Early 2017
Puerto Rico’s emerging medical marijuana market could be up and running as soon as January, with dispensaries on the island being allowed to cater to tourists. The general counsel for Puerto Rico’s health department, Mayra Maldonado, told the Denver Post that the territory is moving quickly on licensing and infrastructure, and that sales could commence […]
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Germany close to legalizing medical cannabis
Germany, the world’s fifth-biggest economy, is expected to legalize medical marijuana in 2017. The German cabinet approved a bill Monday that would allow medical cannabis to be used by seriously ill patients who have consulted with a physician and have no other “therapeutic alternative,” according to news reports. Germany’s parliament must still approve the legislation. If passed, […]
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