Medical Cannabis Business & Marijuana Legal News in Other Regions

Germany to begin cultivating medical marijuana in 2019

Medical marijuana cultivation is expected to commence in Germany in 2019 now that the country has finalized an MMJ program and is seeking private companies to oversee growing operations. The Federal Institute for Drugs and Medical Devices in Germany is establishing an agency to sift through private business bids to grow MMJ for patients, the Associated Press […]

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Israeli medical cannabis company launches NM production

An international cannabis business partnership is coming to fruition between an Israeli medical marijuana firm and a New Mexico-based American MMJ company. The result is the opening of a product manufacturing facility in a suburb north of Albuquerque, The Jerusalem Post reported. Israel-based Panaxia Pharmaceutical Industries announced last May that it was teaming up with Ultra Health, […]

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First license issued to grow, research MMJ in Australia

Cann Group has received the first federal government license to grow medical cannabis in Australia and has submitted an application for a cultivation permit. The new license permits the privately held company to legally grow medical marijuana and conduct research on how to use cannabis for medicinal purposes, according to Business Insider Australia. “The license allows […]

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Poll: Support building for legalized marijuana in Texas

Support for legalizing marijuana is on the rise in Texas, a new poll shows. More than 80% of Texans support legal cannabis of any kind, and 53% of those favor recreational use, according to a University of Texas/Texas Tribune poll released Tuesday. Those numbers increased from 76% and 42%, respectively, since a 2015 poll. In the latest poll: […]

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Breaking down borders: The rise of US-Canada cannabis partnerships

By Omar Sacirbey The Green Solution, a large retail marijuana chain in Colorado, wanted a foothold in Canada’s expected recreational cannabis market. Organigram, among the growing number of federally licensed Canadian growers, needed know-how and a name. And so was born a partnership indicative of the growing synergy between the U.S. and Canadian cannabis industries.

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Marijuana company’s new stock symbol: WEED

Investors can now buy and sell WEED on the Toronto Stock Exchange after Canopy Growth Corp., a major federally licensed cannabis cultivator in Smiths Falls, Ontario, changed its ticker symbol to the new, slangy version. The move comes after the company made history last summer when it became the first marijuana cultivator to list on […]

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District attorneys form cannabis policy group

A group of 14 district attorneys from across the country have banded together to figure out policy positions on marijuana. The initial report about the subset of the National District Attorneys Association indicated its recommendations may be taken into account by the new Trump administration, which could potentially signal that a firm stance on cannabis may be […]

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Canadian MMJ grower nearly triples production capacity with purchase

One of Canada’s largest medical marijuana producers, Canopy Growth Corp., has increased a subsidiary’s production and processing capacity by almost threefold through the purchase of a former candy factory and the 42-acre site it sits on for 6.6 million Canadian dollars ($5.1 million). In a news release, Canopy Growth said the entire facility, in Smiths Falls, […]

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Canadian consumer-oriented marijuana firm raises CA$3 million

A Toronto-based cannabis, coffee and clothing business, Tokyo Smoke, secured 3 million Canadian dollars ($2.25 million) from investors, claiming it’s the first marijuana-related consumer brand in Canada to raise capital. The company, which describes itself as a premium cannabis-oriented lifestyle brand, said in a news release that the first-round raise was oversubscribed and that the […]

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Canadian medical cannabis biotech firm to get CA$4 million infusion

CannaRoyalty Corp., a marijuana-focused Canadian investment company, plans to pay 4 million in Canadian dollars ($3.03 million) for a 20% stake in Anandia Laboratories, a biotech firm that breeds and tests cannabis plants. Anandia, of Vancouver, British Columbia, also recently received a “dealers license” from Health Canada that permits it to cultivate cannabis for breeding […]

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