Canopy Growth

Denmark approves ‘bulk’ medical cannabis exports as European programs stall

An executive order to implement bulk cannabis exports from Denmark went into force Jan. 1, according to the Ministry of Health, putting Danish medical marijuana companies on a solid footing to compete across the European Union. Denmark is now a clear front-runner in Europe, where countries and businesses are jostling for position for what United Kingdom-based […]

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Slideshow: 2018 US Cannabis Business Year in Review

2018 marked the historic legalization of recreational marijuana in Canada, the end of hemp prohibition in the United States and huge wins on Election Day for state-legal cannabis and medical marijuana initiatives across the U.S.

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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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Canadian marijuana firm Canopy pledges to enter US market with Farm Bill passage

Canadian cannabis giant Canopy Growth announced it will make forays into the U.S. market after the United States government passed the Farm Bill. “Canopy Growth will participate in the American market now that there is a clear, federally permissible path to the market,” Bruce Linton, chair and co-CEO of Ontario-based Canopy Growth (TSX: WEED; NYSE: […]

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Canopy Growth boosts M&A transparency in wake of Aphria fiasco

Cash-rich Canopy Growth bought global vaporizer leader Storz & Bickel for 220 million Canadian dollars ($160 million) in a bid to improve its portfolio of intellectual property. The all-cash deal is also intended to position Canopy to capitalize on the next wave of federally regulated products in Canada and around the world, the Smiths Falls, Ontario company […]

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Marlboro maker, Cronos join forces in exclusive CA$2.4 billion deal to tap global cannabis opportunities

Altria Group, one of the largest tobacco companies in North America, has agreed to invest 2.4 billion Canadian dollars ($1.8 billion) in Ontario-based cannabis producer Cronos Group – the most significant foray by Big Tobacco into the rapidly growing cannabis industry to date.

Altria also agreed to make Cronos its exclusive partner for international cannabis opportunities.

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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 Jeanette VanderMarel told Marijuana Business Daily. “I’m hoping it’s in […]

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Bermuda set to open door to medical cannabis investments

Bermuda plans to allow medical marijuana production and is inviting international companies to partner with local entrepreneurs to participate, according to recent statements by Premier David Burt. The government has tapped one of the biggest medical cannabis companies in the world to help it prepare regulations to guide the new industry. “We’re participating in Bermuda […]

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