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Curaleaf’s $1B buy, cannabis brews, social use progress & more of the week’s top news

Curaleaf is buying Cura Partners for close to $1 billion, Canada’s largest independent brewery takes the cannabis plunge, Colorado and Las Vegas join the social use bandwagon – plus other important news from around the marijuana industry. Billion-dollar baby Massachusetts-based cannabis group Curaleaf is acquiring Cura Partners for 1.27 billion Canadian dollars ($949 million) in […]

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Danish medical cannabis market sees significant growth in first year

The number of patients who received medical cannabis prescriptions in Denmark more than tripled in the initial year of the country’s program, exceeding expectations of executives in the country. However, more needs to be done to lower prices, expand product selection and further improve access, the executives said. Prescriptions of medical cannabis products in Denmark […]

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Canada’s first nursery license marks ‘key point’ in cannabis industry’s development

Canada’s cannabis regulatory agency issued its first nursery license to Alberta-based InPlanta Biotechnology – a milestone that could lead to a more diversified selection of marijuana from a wider variety of genetics and a more competitive legal market. The new license category allows holders to produce and sell marijuana and hemp genetics, including seeds and […]

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Cannabis group Curaleaf to acquire Cura Partners for CA$1.27 billion

Massachusetts-based Curaleaf, a vertically integrated cannabis company, agreed to acquire Portland, Oregon-based Cura Partners in an all-stock deal worth 1.27 billion Canadian dollars ($949 million). Curaleaf will issue 95.6 million subordinated voting shares, giving Cura a roughly 16% stake in the company. The deal is the latest in a string of recent mega-deals in the cannabis […]

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Moosehead, Sproutly Canada to launch cannabis-infused beverages

Moosehead, the largest fully Canadian-owned brewery, is partnering with Sproutly Canada to make nonalcoholic, cannabis-infused beverages – marking the latest major brewery to make a splash in the marijuana sector. Moosehead and Sproutly entered into a definitive agreement to form a joint venture, with each holding 50% ownership. Sproutly CEO Keith Dolo told Marijuana Business Daily […]

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Germany authorizes medical cannabis shipments from Latin America for testing, paving way for future opportunities

The first cannabis shipments from Latin America to Europe have been approved, a move that could lay the groundwork for future business opportunities between the two regions. Cansativa GmbH, a German importer of medical cannabis that currently sources product only from the Netherlands, received a one-time authorization to import samples from Latin America exclusively for […]

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On deck in Denmark – cultivation and export: Q&A with Cannabis Denmark CEO Rikke Jakobsen

Danish and international companies are opening their wallets to make Denmark a cultivation and research hub in Europe, putting the country in direct competition with lower-cost jurisdictions such as Israel, Greece, Malta and Portugal. And with the first year of Denmark’s medical cannabis trial program in the books, industry sources say the country is on […]

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White label cannabis products could play big role in Canada’s extracts market

Analysts anticipate that white label cannabis products – those manufactured by one company for branding and marketing by another – will play a key role in Canada’s cannabis extracts market, as companies look for ways to capitalize on the crucial segment without breaking the bank. Canada will allow the production and sale of marijuana edibles, extracts […]

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Merrill Lynch launches marijuana sector coverage, predicts more cross-border deals

Bank of America Merrill Lynch deepened its interest in the cannabis industry by initiating coverage of the burgeoning sector, less than a year after it financed Constellation’s multibillion-dollar investment in Canada’s Canopy Growth. The report, by analyst Chris Carey, predicts two events may lead to a paradigm shift: Canada reaching marijuana oversupply by 2021. U.S. legalization. “Importantly, whether […]

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