aurora cannabis

Week in Review: Nature’s huge toll on cannabis growers, Illinois social equity questions, legalization efforts & more

Wildfires in the West have devastated a number of marijuana farms in Oregon, Washington state and California, while an early freeze hit Colorado, threatening outdoor marijuana and hemp cultivation. MJBizDaily takeaway: It’s too early to attach a dollar figure to the damages, but costs will be in the millions. In Colorado, it’s likely the early […]

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Macedonian medical cannabis could soon be available in Germany, Poland

PharmaCann Polska recently became the first company to obtain EU-Good Manufacturing Practice (EU-GMP) certification to produce medical cannabis extracts at its facility in North Macedonia, according to its CEO. That brings the Warsaw-headquartered company – along with its production facilities in North Macedonia – one step closer to being able to offer its medical cannabis […]

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Aurora appoints new CEO, signals revenue decline, massive write-downs

Aurora Cannabis has promoted Miguel Martin to CEO, while warning investors to expect declining quarterly revenue and write-downs of up to 1.8 billion Canadian dollars ($1.37 billion) when it reports fourth quarter results in two weeks. Martin, former CEO of hemp company Reliva, joined Aurora as chief commercial officer after it acquired Reliva earlier this […]

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Cansativa chosen as sole distributor of German-grown cannabis

Mörfelden-Walldorf-based Cansativa won the German distribution tender, becoming the sole distributor of all cannabis that will be grown in Germany for medical purposes during the next four years, the company announced in a news release. The company, located in the Frankfurt Rhine-Main Region, will provide logistics, wholesale and distribution services to the German Federal Institute […]

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Polish authorities detain cannabis industry executive and regulator

A cannabis industry executive and a Polish government official in charge of the office responsible for registering medical products were detained by the Central Anti-Corruption Bureau (CBA), the government office communicated Friday. The two individuals were detained in a restaurant after allegedly concluding an agreement to “arrange” the registration of a medical cannabis product. CBA […]

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Aurora Cannabis committed to German cultivation despite fresh European cuts

Alberta, Canada-based Aurora Cannabis is downsizing its workforce in Europe, but the company says it remains committed to producing medical marijuana in both Denmark and Germany, Marijuana Business Daily has confirmed. The struggling Canadian producer is consolidating “select” corporate offices and pledges to fulfill current European sales agreements from its “existing Aurora Europe offices in Berlin,” Yvonne […]

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‘Cannabis visionary’ Booth stepping down from board, Aurora says

Aurora Cannabis co-founder Terry Booth has left the company’s board of directors, months after stepping down as chief executive. Aurora made the announcement Monday in a brief news release that described Booth’s departure from the board as a “retirement.” “As one of the original cannabis visionaries, Terry leaves an enviable legacy in the form of […]

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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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