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Canopy Growth CEO’s partial-year compensation tops CA$45 million

Canopy Growth’s chief executive earned 1,042 times more than the median compensation for the cannabis producer’s other employees in fiscal 2020. The partial-year compensation for CEO David Klein was about $33.8 million (CA$45 million), including salary, bonus, stock options and other compensation, the Smiths Falls, Ontario-based company disclosed in its proxy statement released after the […]

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Cannabis extract manufacturers face new guidelines in German document

A new monograph from German health regulators that defines cannabis extracts (Cannabis extractum normatum) might require companies currently selling or planning to peddle these products in Germany to adapt their formulations. The new entry in the latest version of the German pharmacopoeia (Deutsches Arzneibuch, DAB) went into effect June 1. Before this document, full-spectrum cannabis […]

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Organigram becomes latest cannabis producer to slash jobs, production target

Canadian marijuana producer Organigram cut its workforce by about 25% and said production levels will be below capacity “for the foreseeable future.” Organigram described the cuts in a news release as “an effort to better align its production capacity to prevailing market conditions.” The New Brunswick-based company first warned that the COVID-19 pandemic could lead […]

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Health Canada: ‘Any celebrity affiliation with cannabis has potential to be noncompliant’

Any celebrity affiliation with a cannabis product, including promotions and marketing, has the potential to be noncompliant with federal law, according to Canada’s cannabis regulator. The warning comes as some major Canadian cannabis producers continue offering brands affiliated to varying degrees with celebrities or popular fictional characters. The regulator has taken notice. In April, Health […]

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Branding and marketing cannabis in a recession

When the economy nosedives and consumers slash their spending, a sage marketing strategy can help maintain existing customers, expand target audiences or even result in a complete makeover. “Now, more than ever, branding and being an authentic brand is so important,” said Olivia Mannix, president of Cannabrand, a marijuana-focused branding and marketing firm based in […]

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The ins and outs of medical cannabis distribution in Germany

An ability to draw a distinction between an importer and wholesaler of medical cannabis is essential to the understanding of the German distribution market, says Jakob Sons, co-founder of Frankfurt-based Cansativa. Not all distributors of medical cannabis in Germany have the same types of licenses, he noted in an email to Marijuana Business Daily. “If […]

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Insurance-covered reimbursements for medical cannabis sets record in Germany

Insurance reimbursements for medical cannabis in Germany continue to reach fresh quarterly records, according to new data for the January-March period. In the first quarter of 2020, total reimbursement of cannabis and marijuana-related medicines reached 38.9 million euros ($43.7 million), the German National Association of Statutory Health Insurance Funds (GKV-Spitzenverband) reported. That is 6% higher […]

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Competition grows in Germany’s medical cannabis extracts market

Canadian cannabis producer Tilray announced the availability of a new full-spectrum extract for Germany’s medical market, the company’s first product in that market offering a larger CBD concentration than THC. The product has 5 milligrams of THC per millilitre and 20 milligrams of CBD per millilitre. Tilray’s announcement didn’t disclose the size of the bottle. […]

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