Middle East

Is Canada’s marijuana legalization a ‘template’ for the world to follow?

Canada took its first steps into a future of legal cannabis Wednesday, but what that means for prohibition in other countries largely remains to be seen. Will other countries follow Canada’s move toward ending prohibition? What impact will ending prohibition there have on global medical cannabis markets? Canadian Senator Tony Dean believes every country will […]

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Former Israeli prime minister joins cannabis company board

Former Israeli Prime Minister Ehud Barak has joined a short, but growing, list of former heads of state getting involved in the international cannabis industry. Barak has joined Herzliya-based licensed medical cannabis company Intercure as chairman of its board of directors. Former Mexican President Vicente Fox sits on the board of directors of Canadian cannabis […]

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‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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Lebanon weighs medical cannabis laws as Israel drags feet

While cannabis companies in Israel await export approval, neighboring Lebanon is reportedly considering turning to MMJ to improve its economy. Global consulting firm McKinsey & Co. recommended legalizing medical cannabis to Lebanon’s cabinet earlier this month, among other proposals. The move could add up to $1 billion to the country’s economy, Economy and Trade Minister […]

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Global spending on legal cannabis to hit $57 billion by 2027, report says

Worldwide spending on legal cannabis is forecast to reach $57 billion by 2027, led by growth in North America and Europe, according to a new report by Arcview Market Research and BDS Analytics. North America will continue to see the most spending on legal cannabis, rising from $9.2 billion in 2017 to $47.3 billion in […]

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Israeli cannabis exports now in prime minister’s hands; Trump pressure denied

A key Israeli parliamentary committee came to a consensus on the urgent need to approve medical cannabis exports – which insiders consider crucial for the creation of a sustainable MMJ industry – and vowed Monday to push for a quick resolution. That clears an important hurdle for the issuance of export permits, putting the ball […]

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Marijuana industry goes to court to force Israeli government to permit MMJ exports

The marijuana industry is fighting a high-stakes court battle to force the Israeli government to approve medical cannabis exports sooner rather than later. The decision by industry advocates to go to court comes as Israeli lawmakers prepare to debate the country’s medical cannabis export policy on Monday. The outcome is huge for dozens of international […]

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Israel hits pause on medical marijuana exports; Cronos exec not concerned 

Israel Prime Minister Benjamin Netanyahu has suspended reforms on plans to allow cannabis growers to export their product due to concerns that MMJ could find its way to the black market. One Canadian company that expanded to Israel last year, Stayner, Ontario-based Cronos Group, said the regulatory delay doesn’t change its strategy, and the licensed producer still aims […]

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‘Launchpad to Asia’: Cronos pulls veil off Australian joint venture

Cronos Group unveiled its Australian joint venture and the first phase of a 10-million-Australian-dollar ($8 million) production facility, the latest move by a Canadian company to carve out opportunities to meet demand Down Under and position itself to capitalize on future possibilities in Asia. It’s the first Canadian company to help build a medical cannabis company in Australia […]

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