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Keywords: "United Kingdom"

European cannabis producer raises $20 million

Emmac Life Sciences, a European vertically integrated cannabis producer, said it raised 15 million pounds ($20 million) via an issue of convertible loan notes. The Dec. 16 issue “saw strong support from existing shareholders, with Measure 8 Venture Partners, Emmac’s largest existing cash investor, leading the round with a significant investment,” according to a news […]

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Colombian agency recommends allowing cannabis flower exports

The Colombian government may reconsider its ban on medical cannabis flower exports for commercial purposes. A recent letter by the Superintendency of Industry and Commerce (SIC) – a government agency that promotes fair business practices – to the Ministry of Health recommended the country modify current regulations and allow flower exports. This is the first […]

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Barbados eyes January start for medical cannabis industry

Barbados has set January 2021 for the launch of its medical cannabis sector as the country looks to gain a competitive edge over other Caribbean nations planning to capitalize on the nascent industry. The Eastern Caribbean country will regulate activities related to medical marijuana cultivation, processing, dispensing and export by empowering the Medicinal Cannabis Licensing […]

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Bermuda plans adult-use, medical cannabis industry

Bermuda is taking its first steps to formally lay the legal groundwork for a regulated adult-use and medical cannabis industry, potentially setting up a clash with the United Kingdom, which has thus far stifled an attempt by the British Virgin Islands to regulate medical marijuana. Attorney General and Minister of Legal Affairs Kathy Lynn Simmons […]

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‘Abuse of power’: UK ripped for British Virgin Islands cannabis law delay

The United Kingdom’s representative in the British Virgin Islands (BVI) is facing backlash over his apparent refusal to allow the country to establish a regulated medical cannabis industry. The country’s elected representatives in June passed the Cannabis Licensing Act, which will open up the sector for commercial opportunities when it becomes law. However, the governor […]

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UK mum as it holds up British Virgin Islands cannabis law, delaying industry’s launch

The United Kingdom’s representative in the British Virgin Islands (BVI) has so far declined to sign off on a new law to permit medical cannabis production and sales, causing an “unnecessary” delay in getting the medical marijuana industry up-and-running, according to the nation’s premier. The democratically elected House of Assembly passed the Cannabis Licensing Act […]

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PharmaCielo gets new CEO after revenue collapses; Khiron reports loss

PharmaCielo and Khiron Life Sciences – Toronto-based companies with their main operations in Colombia – reported losses this week for the quarter ending in September. PharmaCielo reported revenue of only 25,913 Canadian dollars ($20,000) for the quarter, down 97% from the previous quarter and 80% compared to the same period one year ago. The company […]

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