As the cannabis space rapidly evolves into a multibillion-dollar global industry, women are increasingly being left behind, says the founder of a new female-focused business accelerator.Read More
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 […]Read More
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 […]Read More
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.
While there are a lot of predictions about the direction of the EU cannabis market, one thing is certain: A fair share of marijuana will be crossing multiple European borders in the near future. That’s because many countries in Europe are relying on imported medical cannabis to support their markets. This dynamic is creating immense […]Read More
The number of medical marijuana patients in Canada skyrocketed in recent months, and patterns of consumption are evolving as the market grows. The latest data from Health Canada shows patient counts in the country reached nearly 300,000 in March, up from 175,000 in April 2017 – a 70% increase. Further data from the government – […]Read More
Constellation Brands’ multibillion-dollar wager on Canopy Growth is huge – record setting even – but a much larger story is lighting up across the cannabis industry: Wall Street has arrived. Financial heavyweights Goldman Sachs and Bank of America Merrill Lynch are officially dabbling in the marijuana industry now, which is a move observers call a […]Read More
Canopy Growth, a Canadian medical marijuana giant, is taking a massive 5 billion Canadian dollar ($3.8 billion) investment and going all in on worldwide medical and recreational cannabis business opportunities, the company’s CEO, Bruce Linton, said Thursday during an exclusive, wide-ranging question-and-answer session at MJBizConINT’L in Toronto.Read More
Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]Read More
Global liquor giant Constellation Brands plans to significantly increase its ownership in Canopy Growth by investing an industry-record 5 billion Canadian dollars ($3.8 billion) to make the marijuana titan its exclusive global MJ partner. Constellation will acquire 104.5 million shares directly from Canopy Growth for CA$48.60 per share, giving the New York-based company – which owns, […]Read More
Ontario’s new retail framework for recreational cannabis will start with online-only sales when legalization takes effect Oct. 17, with a network of privately owned stores expected to be in place by April 1.
The new retail plan, first reported by Marijuana Business Daily, is a complete overhaul of the previous government’s commitment to opening only a small number of publicly owned stores.Read More