Canadian producer Aurora Cannabis has struck a $40 million stock deal to purchase U.S. hemp firm Reliva, checking off a long-stated ambition for the Alberta company’s executives to enter the United States market. Under the terms of the acquisition, Aurora will pay $40 million of its common shares. The company will pay an an additional […]
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Ontario’s ‘virtual inspections’ of cannabis stores keep industry growing
Cannabis store entrepreneurs are crediting Ontario’s regulator for its quick transition to a virtual inspection regime amid the coronavirus pandemic, saying the move has been key to increasing the number of legal stores in a province facing a serious retail shortage. The Alcohol and Gaming Commission of Ontario (AGCO) has conducted hundreds of virtual inspections […]
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England’s medical cannabis market shows little growth as of early 2020
England’s medical cannabis market has barely gotten off the ground since launching about 19 months ago, with a two-tier system in which few patients access products through legal channels while most resort to illicit suppliers. Looking ahead, however, some industry insiders are hopeful that recently implemented import rules could boost the number of legal medical cannabis prescriptions […]
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Why this successful Canadian brewer put cannabis beverage plans on ice
When Waterloo Brewing started laying the groundwork to enter the cannabis-infused beverage market, it touted a potential beverage segment in Canada worth upwards of 1.5 billion Canadian dollars ($1.07 billion). Now, more than two years later, one of Canada’s most successful craft brewers is shelving the plans. What happened? “When we got to the spot […]
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European cannabis market, rich with potential, worth 240 million euros in 2019, new report shows
Europe’s legal medical cannabis market might one day eclipse North America’s, but in 2019 the market was worth roughly 240 million euros ($260 million) – meaning the continent is still far from reaching its potential. That is one of the critical takeaways from Marijuana Business Daily’s updated – and free – report, “Medical Cannabis in […]
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Quality requirements a challenge for companies seeking to register medical cannabis products in Brazil
Brazil had no pending applications to register medical marijuana products as of the end of April, an indication that companies might be struggling to meet new pharmaceutical-level requirements introduced last December. “So far, only one application for Sanitary Authorization has been received, and it was already published (approved) on April 22, 2020,” a spokesperson for National […]
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New Zealand issues ‘unprecedented’ recreational cannabis bill ahead of referendum
New Zealand released recreational marijuana legislation that is set to be voted on in a nationwide referendum in September. Local business leaders are calling the proposed legislation – the Cannabis Legalization and Control Bill – “world-leading” for provisions that would reserve market share for micro cultivators, prioritize indigenous-run business and allow for consumption lounges. However, […]
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German imports of medical cannabis show little growth in early 2020
Germany imported 1,032 kilograms (2,275 pounds) of medical cannabis flower for pharmacy dispensing through March 6, an amount that indicates little if any growth versus the average cannabis imported in 2019 over an equivalent amount of time. In 2019, a total of 6,500 kilograms was imported for pharmacy dispensing, which translates into an average of […]
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The pandemic pivot and how cannabis companies reacted to COVID-19.