Israeli MMJ Company Signs 6yr Production Deal with European Client

Israeli medical cannabis company Medivie Therapeutics and its subsidiary High Pharma has announced a $110 million deal to cultivate and manufacture medical cannabis products for a European client in what the company calls the largest deal of its kind in Israel to date, the Times of Israel reports. The company indicated that if the federal […]

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Greece Parliament Passes MMJ Bill

Greece’s Parliament has approved legislation allowing the cultivation and manufacturing of medical cannabis, according to the Greek Reporter. The measure was supported by the ruling majority To Potami and Democratic Alignment parties and opposed by New Democracy, Golden Dawn, Centrists’ Union, and the Communist Party – the latter of which called on the ministry to […]

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Report: Cannabis Industry Investments Hit $1.23B In First Weeks of 2018

According to a Viridian Cannabis Deal Tracker report outlined by Bezinga, investments in the cannabis space have increased 600 percent over the first five weeks of 2018 compared to the first five weeks of 2017. In the first five weeks of 2017, cannabis industry investments reached $178 million, while this year they have already swelled […]

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New South Wales, Australia Streamlines MMJ Process for Patients

New South Wales Health Minister Greg Hunt has “taken a machete” to the federal medical cannabis regulations in order to allow “direct and immediate access” to the program for patients, the Australian Broadcasting Company reports. The changes will take effect in the coming weeks. “Where the doctors say it is required, we’ll make sure it […]

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Canadian MMJ Company Listed on U.S. NASDAQ

Toronto-based medical cannabis company Cronos Group is the first Canadian cannabis company to be listed on the U.S. NASDAQ, according to a Forbes report. The company holds 100 percent of two Canadian medical cannabis companies: Ontario’s Peace Naturals and British Columbia’s Original BC. The company also holds a 21.5 percent stake in Whistler Medical Marijuana […]

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Two Maricann Directors, Including Board Chairman, Resign Amid CSE Investigation

Canadian medical cannabis company Maricann Group Inc.’s chairman along with a board member have stepped down amidst a review by the Canadian Securities Exchange of its planned $70 million financing, the Canadian Press reports. The review has put the financing on hold – but it has not been terminated. The company has been advised orally […]

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Study: 96% of Cancer Patients Find Relief with MMJ

A study published in the European Journal of Internal Medicine conducted medical cannabis producer Tikun Olam found 96 percent of cancer patient respondents reported an improvement of their condition through the use of medical cannabis. The study encompassed 2,970 cancer patients with an average age of 60 who reported sleep problems, pain, nausea, and decreased […]

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Canadian MMJ Company Acquires Malta-based Lab to Produce and Distribute Cannabis Oils

Canadian medical cannabis producer Nuuvera has acquired Malta-based laboratory ASG Pharma, one of few Maltese Good Manufacturing Practice labs. ASG Pharma is expected to be one of Nuuvera’s hubs for medical cannabis oil production and distribution. “It is clear that Malta specifically and the European Union generally intend to make consumer protection a priority, and […]

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Report: Global Cannabis Spending Could Reach $57B by 2027

According to a report from Arcview Market Research and BDS Analytics, global spending on legal cannabis is expected to reach $57 billion by 2027, with adult-use sales driving the industry to the tune of $38.3 billion. Medical sales are estimated to comprise $19.1 billion. The U.S. and Canada are expected to lead the way – […]

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Canadian Student Union Approves Student Health Plan MMJ Coverage Pilot Program

The student union at the University of British Columbia’s Okanagan campus have approved a pilot program that will allow their student health insurance to cover medical cannabis, according to a CBC News report. This is the second university in Canada to approve allowing medical cannabis coverage under its healthcare plan after the University of Waterloo approved […]

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Canopy Growth Receives License for World’s Largest Cannabis Cultivation Site

Canadian medical cannabis producer Canopy Growth Corp. has been granted a license for the largest federally-licensed cannabis cultivation site in the world – it’s 1.3 million-square-foot site in Aldergrove, British Columbia. The site is one of two operating under a partnership with BC Tweed, known as the BC Tweed Joint Venture. The license covers more […]

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Newfoundland and Labrador Cannabis Regulators Request Canna-business Proposals

The Newfoundland and Labrador Liquor Corp has launched Cannabis NL, which will oversee recreational cannabis sales in the Canadian province, according to a report from the Telegram. The formation of the cannabis arm comes with a call for canna-business proposals and NLC officials expect to award 41 total licenses in the first round, not including […]

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Canadian Cannabis Legalization Delayed Until at Least August

Recreational cannabis sales in Canada will not begin on July 1 as anticipated as federal lawmakers have come to an agreement that will see the legislation taken up on or before June 7, CBC News reports. Health Minister Ginette Petitpas-Taylor said that it would take eight to 12 weeks after the legislation is approved to get […]

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Shopify Will Run Ontario’s Legal Cannabis Sales Platforms

The government of Ontario, Canada has tabbed Shopify Inc. to run online retail cannabis sales, the Canadian Press reports. Shopify’s platforms will also be used at retail points-of-sale. “Our top priority is fulfilling the province’s framework for the safe and sensible retailing of recreational cannabis for when it is legalized by the federal government. We […]

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Six Companies Sign on With Quebec, Canada Government to Supply Adult-Use Cannabis Market

Six licensed medical cannabis companies have signed on with the province of Quebec, Canada to provide 60,000 kilograms (132,277 pounds) of cannabis for the forthcoming adult-use cannabis market, the Globe and Mail reports. The provincial government expects to open 15 stores throughout Quebec and will allow online sales. The companies include: The Hydropothecary Corp. – […]

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Study: MMJ ‘Safe and Efficacious’ for Elderly, Reduced Opioid Use by 18 percent

In a study published in the European Journal of Internal Medicine, Israeli researchers, including Raphael Mechoulam, found that after six months of medical cannabis treatment, 18 percent of 2,736 patients over age 65 were able to stop or reduce their opioid use. Pain and cancer were the two most common indications for cannabis treatment in […]

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Report: Canadian Cannabis Legalization Could be Stalled Past July

Some Canadian lawmakers suggest that federal cannabis legalization could be delayed past July as the legislation to implement the reforms must be approved by May in order for the industry to be fully prepared for the new regime, according to a CBC report. Health Minister Ginette Petitpas Taylor said that officials from lower levels of […]

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Israeli PM Netanyahu Blocks MMJ Export Plan Pending Review

Israeli Prime Minister Benjamin Netanyahu is preventing medical cannabis companies from exporting products – a move that was approved in August by Finance and Health Ministers – pending a policy review by the Health Ministry and the National Economic Council chairman, according to a Haaretz report. The program suspension comes after the Public Security Ministry […]

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German Police Association Calls for Cannabis Decriminalization

A German police association is calling for the decriminalization of cannabis throughout the nation, and André Schulz, the head of the organization, predicts that “cannabis will not be banned for long in Germany,” according to a report from The Local. “The prohibition of cannabis has historically been seen as arbitrary and has not yet been […]

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South Korea Lawmaker Pushing for MMJ Reforms

A South Korean lawmaker is urging his colleagues to legalize cannabis for medical use, saying that the nation’s drug laws are having adverse effects and leading to arrests of people buying hemp oil, according to Korea Biomedical Review. “The law strictly forbids the sale and purchase of cannabis, which led to a recent case of […]

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Canadian Cannabis-Centric Entrepreneur Collective Acquires Uruguay Hemp Producer

In their first foray into Latin America, British Columbia, Canada-based Cannabis Wheaton Income Corp. is set to acquire Uruguayan hemp producer Inverell S.A. in a deal worth $15 million. Inverell is licensed in Uruguay to cultivate and harvest a proprietary hemp strain containing 0.5 percent THC and 8 percent CBD. Inverell also owns a genetic […]

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Canadian Territory of Nunavut Releases Cannabis Policy Draft Rules

The Government of Canadian territory Nunavut has released their draft rules for cannabis regulation, setting the legal purchase and possession age at 19 and keeping the possession limit at 30 grams – in line with federal proposals. The rules also provide landlords the ability to ban smoking or growing cannabis on their properties but suggest […]

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Aurora Sky Facility Receives Health Canada MMJ Cultivation License

Aurora Cannabis Inc. has received a cultivation license from Health Canada for its under-construction, 800,000-square-foot facility at the Edmonton International Airport, dubbed Aurora Sky. The facility will be able to produce more than 100,000 kilograms (220,462 pounds) of cannabis annually. “The licensing of Aurora Sky is a game changing milestone for the cannabis industry and […]

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Canadian MMJ Producer Aphria to Acquire Nuuvera for $826M

Canadian medical cannabis producer Aphria Inc. is set to acquire Nuuvera Inc. for $826 million as part of its efforts to expand into Europe, Africa, and the Middle East, where Nuuvera already has a strong presence. Aphria will pay $8.50 per share to Nuuvera shareholders – a 21.4 percent premium over the stock’s Friday close price. […]

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