A proposed excise tax on medical marijuana in Canada could push even more patients to the black market and curb demand in the regulated market, executives, economists and patients told Marijuana Business Daily. The federal government plans to apply the same 10% excise tax on medical users as recreational users. That’s on top of provincial and […]Read More
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A hostile takeover attempt turned friendly Wednesday when two of Canada’s largest marijuana producers agreed to bury the hatchet and combine their operations to become one of the world’s largest cannabis companies.
After five days of marathon negotiations, Saskatchewan’s CanniMed Therapeutics accepted Aurora Cannabis’ sweetened cash and share offer worth 1.2 billion Canadian dollars ($900 million).Read More
Two Canadian-based companies are turning to acquisitions and supply agreements to address a “systematic” shortfall of medical marijuana in Italy that’s estimated to be in the thousands of kilograms. Toronto-based Nuuvera said last week it is acquiring one of only seven companies in Italy with a license to import medical cannabis. Hours later, the German […]Read More
A handful of Canadian marijuana companies are already knee-deep in California, deploying millions of dollars in cultivation facilities, retail outlets and branded products to establish a footprint in the world’s largest marijuana market. Executives at the companies – whose shares trade on the Canadian Securities Exchange (CSE) – said they hope to capitalize on: Access to […]Read More
Quebec’s nascent marijuana industry may be home to a disproportionately small number of licensed producers and off-limits to entrepreneurs in the retail sector, but that doesn’t mean the province lacks opportunity.
You just need to know where to look, particularly among cannabis-related ancillary businesses.
The province’s medical market, for one, has nowhere to go but up.Read More
The marijuana industry is strapping in for a roller-coaster 2018, when challenges and opportunities are unfolding faster than ever, and in more places than ever.
Here’s a look at 11 challenges and opportunities that will demand the attention of marijuana entrepreneurs in 2018:Read More
By Bart Schaneman Hurricane Maria devastated Puerto Rico’s medical marijuana industry, setting back its development at least six months – if not much longer – and causing millions of dollars in damage to MMJ businesses. No outdoor marijuana cultivation facilities survived, but some dispensaries are operating and patients who can access them are still buying.Read More
By Omar Sacirbey, Bart Schaneman and John Schroyer Medical marijuana safeguards suffer a setback in Congress, Scotts Miracle-Gro divests overseas to focus on North America opportunities – including MJ – and Texas approves a CBD producer. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By Bart Schaneman, John Schroyer and Omar Sacirbey Netflix develops marijuana strains to promote its shows, Tennessee plans to study the impact of medical cannabis, and Israeli and Canadian firms partner to do business in the United States. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By Matt Lamers, John Schroyer and Bart Schaneman Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More
By Omar Sacirbey and Bart Schaneman A study shows that many dispensary employees are improperly trained, Arkansas announces fees to set up MMJ cultivation facilities, and Puerto Rico’s medical cannabis industry is open for business. Here’s a closer look at some notable developments in the marijuana industry over the past week.Read More