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Canadian cannabis companies bullish on US market, boosting cross-border acquisitions and deals

As marijuana companies across Canada brace for the historic rollout of the country’s recreational program next week, some businesses have their sights set on bigger opportunities they see coming in the United States. Canadian cannabis investment firms and holding companies are making multimillion-dollar bids on a range of U.S.-based cultivators, manufacturers and retailers already. Relatively […]

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Chart: Canadian cannabis companies’ market caps rise into the 11 figures

Limited supply and red-hot demand for investment opportunities in Canada’s marijuana industry have caused stock prices and market capitalizations for cannabis companies to surge ahead of legal adult-use sales later this month. Market capitalizations of some of these companies in the Great White North now rival – or have even eclipsed – those of more […]

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Cresco Labs closes $100 million raise, draws institutional investors to cannabis industry

Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]

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No Snoop for you! Celebrity names not allowed come cannabis legalization in Canada

Branding partnerships between Canada’s biggest cannabis companies and their celebrity backers will be thrown into limbo when new regulations governing recreational cannabis take effect Oct. 17. The Cannabis Act has general prohibitions on the promotion of marijuana that includes the depiction of a person, character or animal, whether real or fictional. That includes celebrity names, […]

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Ontario to permit cannabis sales at production centers, following Newfoundland’s lead

Ontario’s proposed new rules for recreational cannabis would allow licensed producers to sell marijuana to consumers at cultivation facilities, a move that gives producers the ability to curate “customer experiences” and opens the door to new branding opportunities. Ontario’s Cannabis Statute Law Amendment Act was introduced in the Legislature on Thursday. Licensed producers have lobbied provincial governments […]

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Ontario moves to allow hotel marijuana consumption in boost to tourism industry

Ontario’s plan to liberalize cannabis consumption rules is a major boon for the tourism sector, according to industry executives and analysts, because it gives hotel owners the ability to allow recreational consumption in guest rooms.

Ontario’s Cannabis Statute Law Amendment Act – introduced in the Legislature on Thursday – would put owners of hotels, motels and bed and breakfasts in a position to capitalize on cannabis tourism if it is approved.

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Ontario to cap licensed cannabis producers to one retail outlet each

Canada’s licensed producers of marijuana will be restricted to opening one retail location each in Ontario if new legislation is approved, a move that would pull the rug out from under the country’s biggest companies that had planned to roll out expansive retail operations in the province. That was one of the measures unveiled Wednesday […]

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Weekly Deal Watch: Cannabis real estate a hot target for investment

Cannabis real estate is attracting early money from investors, as funds continue to “bet” on this part of newly legal markets. This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves.

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Medical marijuana demand, imports continue to climb in Germany

While Germany is on track to become one of the largest federally legal medical marijuana markets in the world, a lack of publicly available data on consumption makes it difficult for companies to assess the actual market opportunities. Unlike Health Canada, German authorities don’t publish centralized statistical information of the number of patients or amount […]

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