Ontario-based 48North is laying the groundwork for what would be Canada’s first large-scale outdoor marijuana crop under the Cannabis Act this spring, pending required permits from Health Canada. “With Health Canada’s permission and approval, we’ll be doing a very large outdoor grow for 2019,” co-CEO Jeanette VanderMarel told Marijuana Business Daily. “I’m hoping it’s in […]Read More
Hotly anticipated draft regulations to allow legal sales of cannabis edibles and concentrates in Canada are expected to be released before Christmas, according to sources, paving the way for a new wave of businesses and entrepreneurs aiming to capitalize on the country’s recreational marijuana industry. Edibles sales will begin next year, opening a potentially huge […]Read More
Luxembourg’s incoming coalition government agreed to include recreational cannabis legalization as part of the group’s policy goals, as the landlocked nation looks to become the first country in Europe to permit and regulate adult-use marijuana. The three parties that comprise the ruling coalition government – the Democratic Party (DP), Luxembourg Socialist Workers’ Party (LSAP) and the […]Read More
Marijuana firms are looking at unique deals and new markets to build scale and raise funds for future growth.Read More
The senior leadership of a British Columbia marijuana company abruptly resigned after Health Canada said it planned to revoke the production and dealer licenses of its subsidiary over “unauthorized activities with cannabis.” Ascent Industries announced the departure of CEO Philip Campbell, Chief Operating Officer Reid Parr and President James Poelzer last week in a news […]Read More
South Korea is looking to become the first country in East Asia to legalize medical cannabis, marking a significant milestone in the global industry and a potential turning point in how the drug is perceived in traditionally conservative societies.Read More
Through Nov. 16, cannabis firms across North America have raised $13.1 billion. That’s more than five times the amount raised during the same period in 2017.Read More
Mexico’s move to legalize medical and recreational marijuana could create a market “at least three times larger” than Colombia’s, according to industry executives and analysts, who do not expect the proposed law to see significant resistance from lawmakers. Olga Sanchez Cordero, who will serve as interior minister in the incoming president’s cabinet, last week filed […]Read More
MJBizCon, which is hosted by Marijuana Business Daily, continues to smash attendance records amid strong, ongoing growth in the cannabis industry, solidifying its position as one of the fastest-growing trade shows in the nation.
This year’s conference attracted more than 27,000 cannabis professionals to the Las Vegas Convention Center, a record for the event and the marijuana industry.Read More
Another lawsuit challenging the application process to grow medical cannabis in Germany could throw the already-delayed domestic cultivation plans even further into a state of uncertainty.
In an update to the public tender, the German Federal Institute for Drugs and Medical Devices (BfArM) disclosed a lawsuit filed in the Dusseldorf Higher Regional Court (OLG Dusseldorf).Read More
The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new cannabis markets worth up to $2 billion. Roughly 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]Read More