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Canopy acquires German cannabis company C3 for $253 million

Canadian marijuana giant Canopy Growth has acquired Germany-based C3 Cannabinoid Compound Co. from Bionorica in an all-cash deal for 226 million euros ($253 million). The deal is one of the largest cannabis acquisitions in the European market to date. C3 generated revenue of $30 million in 2018 from five products, according to a news release. The subsidiary […]

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Best Practices: Light Speed

In addition to water and nutrients, indoor-grown cannabis plants need the proper amount of light to grow and thrive. Ensuring your marijuana receives optimum light allows plants to conduct photosynthesis efficiently and produce healthy, robust flower. Other factors need to be accounted for, including temperature and humidity. But you can gain an edge by perfecting […]

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Amyris closes on potential $300M cannabinoid deal with biotech group Lavvan

Amyris, a California-based company focused on wellness products, said it has closed a deal potentially worth $300 million with biotech startup Lavvan to research and develop synthetic cannabinoids. The move follows that of Canada’s Cronos Group inking a $122 million deal with Boston-based Ginkgo Bioworks last September to produce lab-grown cannabinoids. Analysts at Toronto-based Paradigm Capital […]

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Going Global? Join the GMP Parade

Good Manufacturing Practice certification is key for medical marijuana companies with international ambitions What do multinational medical cannabis cultivators have in common? They’ve achieved the gold standard for international quality compliance: Good Manufacturing Practice certification. GMP, as it is commonly known, is a codified set of rules and regulations that ensure the quality, safety and […]

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10 Killer Technologies

Marijuana is largely thought of as an agricultural industry serving medical and recreational consumers. But that image belies the technological advances that are revolutionizing every sector of cannabis. In this issue, we look at “10 Killer Technologies” in the marijuana space. Not the “10 Best Technologies,” but engineering feats that represent the spirit of innovation, […]

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Women to Watch in 2019

Cannabis professionals from all facets of the industry are set to make big strides The 22 women selected for Marijuana Business Magazine’s Women to Watch list have crafted companies from the ground up, forged new woman-focused alliances and upended traditional business models as they’ve paved the way in this rapidly evolving cannabis industry. But these […]

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Canada’s draft regulations for cannabis edibles ban alcohol brands, cap THC

Canada’s health department unveiled its draft regulations for edible cannabis and infused beverages, extracts and topicals, to establish parameters for a new wave of businesses and entrepreneurs aiming to capitalize on the country’s marijuana industry. The formal draft regulations will be published in the Canada Gazette, the government’s official newspaper, on Dec. 22, and businesses and the […]

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‘It’s a game changer’: Ontario company prepares Canada’s first outdoor cannabis crop

Ontario-based 48North is laying the groundwork for what would be Canada’s first large-scale outdoor marijuana crop under the Cannabis Act this spring, pending required permits from Health Canada. “With Health Canada’s permission and approval, we’ll be doing a very large outdoor grow for 2019,” co-CEO Jeannette VanderMarel told Marijuana Business Daily. “I’m hoping it’s in […]

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Ahead of Canada’s big day, forecast for cannabis industry gets a boost

On the eve of Canada’s historic launch of its recreational marijuana program, the global cannabis industry appears poised for explosive growth thanks to the confluence of a host of market developments. “The well-capitalized cannabis industry has been evolving rapidly and looks to address a far larger (market) than we had originally forecast,” Wall Street analyst […]

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