Two Canadian medical marijuana groups, which include most of the country’s top cultivators, have teamed up to address critical issues affecting businesses and patients across the country with a united voice. Cannabis Canada Association, which counts close to 60 of Canada’s 102 licensed producers as members, including industry-leader Canopy Growth, partnered with the Canadian Medical […]Read More
The regulatory body that oversees medical cannabis in Canada says it’s open to the idea of distributing cannabis directly to patients through pharmacies, a move that could give the country’s MMJ market a boost by improving access.
But such a change would require buy-in from other key players beyond Health Canada.
The only legal channel patients have to purchase medical marijuana in Canada is directly from licensed producers/sellers via registered mail.Read More
Exports of medical cannabis oil from Canada had a breakout year in 2017 – and executives say it is just the start for a massive new overseas market.
Medical cannabis exports in oil form rose 300% from 2016 levels, according to data shared with Marijuana Business Daily by Health Canada. Analysts expect this trend to continue as countries legalizing medical cannabis look to imports to meet demand in lieu of domestic cultivation.Read More
Technology giant Hewlett-Packard is partnering with a marijuana compliance software company, becoming the latest mainstream company to dip its toe in the cannabis industry. The Palo Alto, California, technology company will preinstall cannabis point-of-sale and compliance software from Flowhub on its own POS terminals, known as HPElitePOS. The two companies said in a news release […]Read More
Canada’s second-largest province by population signed multiyear supply deals with six licensed cannabis cultivators for its recreational market, a move that provides much needed certainty for businesses and investors, analysts say. The six companies will supply an aggregate of approximately 325,000 kilograms (359 tons) of cannabis over the life of the deals. Quebec-based Hydropothecary got the […]Read More
Canadian cannabis stocks are down over 40% since peaking in early January, leading analysts to speculate about what might ultimately trigger a rebound. The Canadian Marijuana Index, a basket of the leading cannabis stocks operating in Canada, is 40% off its peak, or a loss of nearly 15 billion Canadian dollars ($12 billion) in market […]Read More
A German court slammed the brakes on the country’s plan to grant contracts to cultivate medical marijuana, giving international exporters an even bigger head start over domestic production as the country struggles to meet MMJ demand.
A representative for the Higher Regional Court of Dusseldorf told Marijuana Business Daily that the Federal Institute for Drugs and Medical Devices (BfArM) is not allowed to appeal the decision.Read More
A large network of independently owned pharmacies in Canada is securing medical cannabis supply, becoming the fourth pharmacy chain to launch efforts to enter the fast-growing MMJ market.
Pharmasave, which operates a network of 650 stores across Canada, signed a letter of intent with British Columbia-based medical marijuana cultivator Zenabis for the supply of MMJ.Read More
A top Canadian medical cannabis producer signed a deal to become the largest supplier of medical marijuana products to a pharmaceutical distributor in Germany. MedReleaf, based in Markham, Ontario, and listed as LEAF on the Toronto Stock Exchange, expects shipments to Cannamedical Pharma GMBH to commence in the coming weeks, according to a news release from the company. […]Read More
Germany is on track to become one of the world’s largest medical marijuana markets this year as insured patient numbers soar, MMJ imports rise and the country prepares for domestic cultivation. Some executives also expect recreational legalization to happen “in the foreseeable future.” Germany’s rapid growth is expected to continue independent of the country’s plan […]Read More
The largest drugstore chain in Canada, Shoppers Drug Mart, continues to secure medical cannabis deals ahead of what is expected to be a tight supply market for the product, at least in the near term. In the latest deal, Aurora Cannabis agreed to become a medical cannabis supplier to Toronto-based Shoppers. Financial terms and the […]Read More
A Canadian marijuana company will become the first “pure play” cannabis listing on a major U.S. stock market, an important milestone for the cannabis industry.
Cronos Group, one of Canada’s largest vertically integrated medical marijuana companies, will start trading Tuesday on the Nasdaq Global Market under the symbol CRON. Cronos will maintain its listing on Toronto’s TSX Venture Exchange.Read More