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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection

With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin, special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]

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Medical cannabis flower imported into Germany doubles again in 2019, confirming strong growth

Germany imported 6,714 kilograms (14,802 pounds) of medical cannabis flower, primarily for pharmacy dispensing in 2019, according to fresh data from the nation’s medical regulatory agency. That’s more than double the total for 2018, when about 3 metric tons were imported. Data from the Federal Institute for Drugs and Medical Devices (BfArM) confirms the strong […]

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Australia says over-the-counter CBD sales ‘could be considered during 2020’

A review of cannabidiol products being undertaken by Australian health authorities could result in the relaxation of the scheduling status of CBD, potentially making it available over the counter in low doses. In a public submission to a Senate committee studying Australia’s medical cannabis access scheme, the Department of Health said the Therapeutic Goods Administration […]

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MJBizDaily acquires Emerald Conference to boost science reach

Marijuana Business Daily announced Wednesday that it has purchased the Emerald Conference, a science-focused convention and trade show for the cannabis industry, from Emerald Scientific. Terms of the acquisition weren’t disclosed. The deal underscores the growing importance of research tied to cannabis, said Chris Walsh, CEO and president of MJBizDaily, a media and events company based […]

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Realistic expectations for New Zealand’s cannabis market: Q&A with Rua Bioscience CEO Manu Caddie

With the launch of New Zealand’s medical cannabis program two months away and a referendum to legalize adult-use marijuana slated for later this year, businesses from around the world already have their sights set on the Oceanic market. New Zealand’s Medicinal Cannabis Agency will become operational April 1, when regulations laying the industry’s regulatory foundation […]

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Aphria One, Brampton subsidiary receive EU-GMP certifications, clearing way for European cannabis exports

Aphria has received its first two essential European quality standard certifications, which the Canadian medical cannabis producer says will allow it to export finished dried flower and oil in bulk to European Union countries with established medical marijuana regimes. The company earned a certificate of EU-Good Manufacturing Practice (GMP) compliance on Jan. 15 for its […]

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New Zealand to overturn cannabis vaporizer ban, clearing the way for imports

New Zealand plans to reverse a law banning cannabis vaporizers before new regulations kick in for the launch of the country’s medical program in April, Marijuana Business Daily has learned. “Currently, vaporizers are prohibited under the Misuse of Drugs (Prohibition of Cannabis Utensils and Methamphetamine Utensils) Notice,” a Health Ministry spokesperson told MJBizDaily. The “cabinet has […]

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