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, […]
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Ontario scraps government monopoly, adopts private retail plan for adult-use cannabis market
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.
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Facebook making it harder to find marijuana businesses, regulators
Marijuana-related companies, regulators and trade groups around the globe recently stopped appearing in Facebook searches, becoming casualties of what appears to be the social media platform’s latest attempt to filter results related to “marijuana” and “cannabis.” The phenomenon is known as “shadow banning,” in which posts on an online social community such as Facebook, Twitter […]
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Italy looks to expand medical marijuana sales to all pharmacies, increase production
Italy signaled its intention to loosen the military’s grip on the cultivation of medical marijuana, significantly ramp up production and make MMJ “available in all pharmacies” across the country. The move also could increase opportunities for international MMJ companies participating in the nation’s medical cannabis industry. Italian Health Minister Giulia Grillo made the announcement in […]
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Border concerns have chilling effect on Canada’s marijuana industry
Reports that some Canadian cannabis professionals have been turned away from the U.S. and received lifetime bans due are having a chilling effect across the industry.
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How Trump’s trade battles are affecting the marijuana industry
The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]
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Molson Coors bets on growing cannabis industry with Canadian joint venture
Molson Coors Brewing Co. is teaming up with a cannabis company in Canada as beer companies look to fend off competition from North America’s growing marijuana market.
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Canadian recreational market may breed cannabis tourism business opportunities
Already big business in areas of the U.S., marijuana tourism could become a lucrative business sector in Canada when recreational sales begin.
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Big hits: Cannabis companies on pace to raise record $8 billion in 2018
Marijuana companies across the globe are on pace to raise a record $8 billion by the end of 2018 as more companies go public and scale to meet growing demand, an analysis of recently released market data shows. Through the end of June, cannabis companies raised a record $4.3 billion – more than triple the […]
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Ontario’s cannabis pivot could create massive retail opportunities
A week after it was reported that Ontario froze leasing efforts for its monopoly cannabis retail chain, Canada’s largest province appears to be on the verge of handing adult-use marijuana sales entirely to the private sector. The news, first reported by Cannabis Compliance Vice President Deepak Anand and then in The Globe and Mail, would reverse the […]
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United Kingdom legalizes medical cannabis prescriptions
Medical marijuana will be available by prescription in the United Kingdom by autumn after it was formally approved by the government Thursday.
After the UK’s medical cannabis market opens in the fall, it will immediately become one of the largest in Europe.
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Setting salaries and recruiting the best North American cannabis jobs in 2020.