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Bruce Linton discusses deploying CA$5 billion, Canopy’s commitment to international growth
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.
Constellation invests CA$5 billion in cannabis giant Canopy in deal financed by BofA Merrill Lynch
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.
British tobacco giant Imperial Brands invests in medical marijuana
British tobacco giant Imperial Brands is among a group of investors taking a stake in a UK-based medial cannabis startup, the latest foray by Big Tobacco cannabis.
Constellation’s purchase of Canopy stake is ‘transformative,’ portends further investments
By Matt Lamers
In buying a chunk of the world’s largest medical cannabis company, global alcohol giant Constellation Brands substantiated the marijuana industry as both a threat and opportunity for alcohol, pharmaceutical and tobacco companies, analysts and executives said.
California cannabis companies hire credit group to monitor retailers over unpaid invoices
A group of California distributors and brands representing more than half the state’s wholesale B2B cannabis market has hired a credit association to rate retailers in the hopes of reducing the hundreds of thousands of dollars in unpaid invoices – and reining in repeat offenders.
Opinion: 2022 could be the year for pharmaceutical marijuana
Despite the success of adult-use marijuana, 2022 is looking like the year pharmaceutical cannabis becomes a major market driver.
Businesses, groups, unions and tribes spend millions lobbying Congress on marijuana issues
As the U.S. cannabis industry keeps growing, marijuana businesses, trade associations and political nonprofits are spending more and more money lobbying Congress on MJ reform and legalization.
Who’s who in federal marijuana reform and legalization
The movement to overhaul federal marijuana policy has gotten more crowded in recent years, with new trade associations, business groups, social justice activists and lobbyists joining calls to legalize the plant.
The collection of stakeholders also has become much more diverse.
Canadian cannabis producers speed entry into US via high-stakes wagers
Canadian cannabis companies have picked up the pace to position themselves in the fast-growing markets south of the border – with a number of the deals essentially a wager that the United States will soon legalize marijuana.
Samuel Adams brewer to research cannabis beverages in Canada
The Boston Beer Co., the maker of Samuel Adams, announced plans to establish a subsidiary in Canada to research nonalcoholic cannabis beverages.
