A former head of the United Nations body responsible for international drug treaty compliance has been hired as president of Thailand’s leading medical cannabis company, lending a significant voice to the global credibility of the industry, especially in Asia, according to experts. Viroj Sumyai will take the reins of Thai Cannabis Corp., effective immediately. “Over […]
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German insurer paints picture of nation’s growing medical cannabis industry
Applications for reimbursement of medical cannabis expenses by Germany’s second-largest health insurer doubled from 2017 to 2019, signaling robust growth in the use of the drug. Flower remained one of the most prescribed cannabis products, according to data provided in a new release by German insurer Barmer. Assuming trends witnessed by Barmer are representative of the overall […]
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Australia expects cannabis prescriptions will more than double to 70,000 this year
Australian health regulators expect the number of medical cannabis prescriptions will climb to at least 70,000 in 2020 at the current rate of growth, but local experts predict the final number could be much higher. That’s more than double the 30,000 approvals through the end of 2019, which the health ministry says roughly equates to […]
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How coronavirus in China could disrupt the cannabis vape hardware supply chain
The coronavirus outbreak in China – which has killed hundreds, sickened thousands and led to travel restrictions – is expected to impact marijuana vaporizer companies that depend on Chinese suppliers by interfering with the flow of hardware and other products. Trade tensions between the United States and China previously caused disruptions in the supply chain. […]
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Switzerland’s recreational cannabis pilot program will allow only organic products
Switzerland’s lower house health commission cleared the way for a limited pilot program to allow the legal production and distribution of recreational marijuana. The move is not intended to be a first step toward full legalization. The general recreational cannabis prohibition will continue. The results of the experiment will be used for future evidence-based cannabis policy, although […]
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Aurora announces CEO Booth’s departure, layoffs and up to CA$1 billion in writedowns
Terry Booth has resigned as chief executive of Aurora Cannabis, the Canadian multinational marijuana company he helped build from the ground up over the past seven years.
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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection
With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin, special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]
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Canada’s ‘cannabis health products’ review draws strong public interest, with 1,100-plus submissions
Canada’s federal health regulator received more than 1,100 responses from the public for its review of the potential market for cannabis health products, demonstrating strong industry interest in the potential new category.
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Cannabis companies emerge from deadly outbreak with greater focus on technology.