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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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Canadian medical cannabis exports tripled last year, as race for European market position intensifies

Exports of medical cannabis from Canada soared last year as the country’s biggest licensed cannabis companies continued to establish beachheads in new medical markets overseas. Shipments of dried cannabis tripled to 1,460 kilograms (3,219 pounds) in 2018, compared with 500 kilograms in 2017 and only 44 kilograms in 2016. Exports of medical cannabis oil doubled […]

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Insurance-covered cannabis in Germany tops 70 million euros in 2018

Statutory health insurers in Germany covered 73.7 million euros ($83.7 million) worth of medical cannabis products in 2018, according to new data published by German health insurance agency GKV-Spitzenverband. Pharmacies in the country processed 185,370 prescriptions under the statutory program – which covers roughly 90% of the population – during the year. Private prescriptions are […]

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South Korea’s medical marijuana law to go into effect in March

A groundbreaking law legalizing medical cannabis in South Korea that takes effect March 12 will pave the way for the first import of certain THC- and CBD-based medications. Although approved products will remain tightly restricted, the new law marks a significant milestone in the global industry and a turning point in how the drug is perceived in […]

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Greece challenges Denmark in race to be Europe’s marijuana hub

Greece has received as many as 30 foreign investment applications for medical and industrial cannabis production worth approximately 350 million euros ($400 million), potentially setting up the country to be the European Union’s top supplier of medical cannabis in coming years. While few of the licenses have yet to be approved, that value challenges Denmark’s […]

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Belgium considering medical marijuana agency to govern production, distribution

Belgium’s minority government has proposed a law that calls for the establishment of a medical cannabis agency to oversee production and distribution in pharmacies, hospitals and research institutes. If approved, the law would greatly expand access to medical cannabis in the country, though the most important details – including related regulations – are yet to […]

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Though a ‘positive step,’ WHO recommendations on cannabis fall short for some

The World Health Organization (WHO) made great strides in its recommendations on how cannabis should be scheduled, but the global industry believes there’s more work to be done. Martin Jelsma, drugs and democracy program director, at the Netherlands-based Transnational Institute, emphasized to Marijuana Business Daily that there are “very positive elements in the WHO recommendations,” including: Recognition […]

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Steady growth in medical marijuana demand taxes Brazil’s import structure

The medical cannabis structure that requires patients in Brazil to get individual authorizations to import their MMJ products is “insufficient” to meet growing demand in the country, according to a former sanitary surveillance agency director. The continuous increase of individual authorizations to import medical cannabis could force Agencia Nacional de Vigilancia Sanitaria (ANVISA) to make […]

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Growth slows for German medical cannabis market in third quarter

Demand for medical marijuana in Germany continued to increase in the third quarter, albeit at a slower pace than the previous quarter. Total cannabis sales covered by statutory health insurance surpassed 50 million euros ($56.8 million) in the first nine months of 2018, with all categories of allowed medical cannabis posting gains between the second […]

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Bitter end for booming year in Austria as officials ban CBD food, cosmetics

Austria’s Minister of Health ordered businesses to immediately stop selling CBD food and cosmetics because the products fall under the European Union’s definition of “novel food.” Cannabidiol is explicitly included in the EU’s novel food catalog, which means individual member countries may limit the marketing and sale of it without specific authorization. Business association Cannabis Austria CEO Stefan […]

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