Data from the Federal Institute for Drugs and Medical Devices (BfArM) in Germany provides a rare snapshot of the quantity of medical cannabis needed to meet demand in the world’s largest federally regulated MMJ market.
A key member of Ontario Premier Doug Ford’s inner circle thinks the new premier could make a decision cannabis sales in Canada’s largest market within weeks.
Canada ended 95 years of cannabis prohibition Tuesday, passing landmark legislation – Bill C-45 – that lays the groundwork for a multibillion-dollar marijuana industry.
North American marijuana entrepreneurs who believe it’s too early to look at international opportunities should reconsider their position.
The New York Stock Exchange listed its first cannabis cultivator today, marking a key milestone that analysts say makes the industry more accessible to institutional and retail investors – and could draw large American banks to the sector. In its debut, Canopy Growth ended the day down 6.66%, closing at $28.20.
Canada’s market leader in medical marijuana has applied to trade its shares on the New York Stock Exchange, a move that would make it the first cannabis-producing company to list on the world’s largest stock market.
Smiths Falls, Ontario-based Canopy Growth said in a news release it expects its shares to begin trading on the NYSE “before the end of May” under the symbol CGC.
Two Senate committees reviewing Canada’s proposed marijuana legislation are asking for significant changes to the bill before it becomes law – changes that could delay implementation and have a major impact on businesses prepping for the recreational market.
The Committee on Aboriginal Peoples wants the bill amended to address a “lack of meaningful consultation” with First Nations communities and asked for a delay of up to one year.
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.
