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Pharma giant Bayer on cannabis: No decision ‘until we fully understand market’

Monsanto pulled its Health Canada-approved pesticide from the cannabis market months ahead of a planned merger with German company Bayer, but the pharmaceutical giant is not ruling out an eventual entry into the sector. Health Canada told Marijuana Business Daily that Monsanto – the manufacturer of Actinovate SP – requested cannabis be removed from the […]

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Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 7, 2018)

This is the first installment of a new weekly series from Marijuana Business Daily and Viridian Capital Advisors. Each week, we will provide you with the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week […]

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Cannabis legislation in Ontario expected in late September

Ontario’s Progressive Conservative government is expected to introduce legislation in late September to regulate the recreational cannabis industry, according to multiple sources with knowledge of the matter. The legislation could be introduced within days of the Sept. 24 start of the fall session. Last month, the new government reversed the previous provincial government’s commitment to […]

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US cannabis listings in Canada rise as investor interest spikes

A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s cannabis-friendly capital markets and a growing appetite among international investors for American MJ assets. So far this year, 17 […]

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Marlboro maker ‘evaluating opportunities’ in cannabis industry

Altria Group, one of the largest tobacco companies in North America, is assessing its market opportunities in the cannabis industry. The entry of Altria – owner of Marlboro maker Philip Morris USA and an investor in alcohol giant Anheuser-Busch InBev – would be another major milestone for the marijuana sector, coming on the heels of […]

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5 ways to market your cannabis company in Canada without breaking the law

Canada’s legal cannabis industry means big business for the country and its entrepreneurs. But when it comes to launching brands with a bang come Oct. 17, governments haven’t made it easy, with a quagmire of overlapping laws and regulations that restrict advertising, packaging, promotions and sponsorships. The key to overcoming those challenges, of course, is […]

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Earnings highlights: Hedge fund billionaire Leon Cooperman bets on cannabis; two firms deliver solid Q2 results

Share prices at cannabis firms Green Thumb Industries and Tilray are on the rise after solid second-quarter performances – and mainstream investors are taking note, with at least one hedge fund billionaire throwing his support behind the industry. The two businesses reported their first earnings as newly public companies after the markets closed Tuesday. Here’s […]

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Lack of ‘meaningful’ consultation hinders First Nations’ participation in Canada’s cannabis industry

Businesses with identified First Nations affiliations make up only 5% of Canada’s licensed cannabis producers, a fact that indigenous leaders blame on the federal government’s failure to adequately consult with communities over the legalization of marijuana. Six of Canada’s 115 licensed producers have affiliations – including financial or other partnerships – with First Nations communities […]

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Ontario cannabis producer choices praised for diversity, but supply concerns loom

Ontario’s sole legal online retailer for recreational marijuana signed agreements with a diverse group of producers to supply the province with cannabis when Canada’s adult-use market opens in October, but some analysts think it might not be enough. The Ontario Cannabis Store (OSC), the government-operated cannabis retailer, entered into agreements with 26 licensed cannabis producers in […]

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Australia sees significant increase in medical cannabis patient count

The streamlined processes for medical marijuana applications in Australia’s most populous state is starting to produce positive results, although patient access remains “appalling” across the country, according to at least one elected official.
Data shared with Marijuana Business Daily by the New South Wales health regulator shows that 322 applications for medical marijuana have been approved since the state made it easier for doctors to prescribe cannabis in March.

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