Six months after Bermuda’s Parliament decriminalized small amounts of cannabis, a government official indicated the island nation might further liberalize marijuana use. Michael Weeks, minister of social development, said the cabinet is set to take up a discussion document on drug use in the coming weeks, according to The Royal Gazette newspaper. “Legalization is something that’s […]Read More
As more cannabis companies go public and private businesses raise capital at an unprecedented clip, valuations have become a hot topic among industry observers, insiders and investors. That’s especially true in Canada, where a growing number of cannabis firms have fetched multibillion-dollar valuations in the public markets as they’ve hustled to become a top player […]Read More
Canopy Growth on Thursday unveiled a multimillion-dollar plan to enter the Latin America medical cannabis market. The Smiths Falls, Ontario-based firm has launched a new subsidiary, Canopy LATAM Corp., which acquired Spectrum Cannabis Colombia S.A.S for $34.8 million (CA$4.6 million) in Canopy stock. The deal has built-in performance milestones that, if met, would give the […]Read More
North American marijuana entrepreneurs who believe it’s too early to look at international opportunities should reconsider their position.Read More
With a potential patient count more than double Canada’s, Colombia’s medical marijuana market is quickly gaining recognition as a legitimate force in the global cannabis industry. The total market for patients with qualifying conditions in Colombia exceeds 5.5 million people, according to QuantilesIMS, a U.S.-based market analytics company. The country, which has long been known […]Read More
Traditionally known for its legendary black market, Colombia is looking to make “made in Colombia” a respected brand in the growing family of countries with a legal medical cannabis program, bolstered by a supportive government.Read More
As interest in Latin America’s medical marijuana industry grows, a major stock exchange in Canada could soon see the first listings from companies with their core operations in Colombia. Khiron Life Sciences CEO Alvaro F. Torres told Marijuana Business Daily the company expects to complete the regulatory paperwork in time to start trading as early […]Read More
The number of people authorized to access recreational marijuana in Uruguay is closing in on 35,000, according to a report by the Institute of Regulation and Control of Cannabis. However, the Uruguayan regulatory agency’s study notes that the number of people accessing marijuana through regulated channels is much higher due to the “sharing” of products […]Read More
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 […]Read More
Months before Mexicans head to the polls to elect a new government, a senior official is calling for states to begin legalizing cannabis as a way to divert profits from the black market to a regulated sector. “I think in Mexico we should move toward regulating it at state level,” Tourism Minister Enrique de la Madrid […]Read More
Brazil is poised to become the largest Latin American cannabis market in the long term, but regulators have been slow to expand the existing program over the last few years.
Opportunities are also slow to develop in Paraguay and Peru, where medical cannabis laws were passed recently but still lack details about implementation.Read More
Last year was historic for Uruguay’s marijuana industry, as the country ushered in an era of legal medical and recreational cannabis.
Adult-use, or what’s called “nonmedical,” sales started in July, and medical cannabis sales began in December.
Here’s a look at recent developments in Uruguay.Read More
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