Aurora Announces Deals to Acquire Quebec MMJ Producer, Greenhouse Design Firm

Aurora Cannabis announced deals to acquire two companies on Thursday – H2 Biopharma Inc., a late-stage Canadian medical cannabis production applicant, and Larssen Ltd., a greenhouse design firm. In total, Aurora will pay $25 million for H2, with an initial $10 million payment; all of which will be paid through the issuance of Aurora common […]

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Saskatchewan Govt. Cannabis Survey Finds Support for Home-Grow, Online & Retail Sales

A survey by the Saskatchewan government has found strong support for cannabis sales to be conducted both in retail stores and online once legal sales begin in the country, and 45 percent of respondents want those stores run by the government. The survey received 34,681 responses – the most of any survey previously conducted by […]

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Canadian Government Releases Cannabis Legalization Details

The Canadian government has released proposed federal regulations, clarifying some details of the program as provincial governments begin releasing their own draft rules. What’s in the proposal? Provisions for small, craft cannabis producers, 10 milligram limits on allowable THC content in edibles, and 30 milligram-per-milliliter of THC in oils. Single-use products, such as pre-rolls, cannot […]

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Aurora Posturing for Hostile CanniMed Takeover After Initial Bid Rejected

CanniMed has rejected Aurora Cannabis’ unsolicited takeover offer; however, Aurora is now planning a hostile takeover by offering investors Aurora stock worth C$24 per CanniMed share, according to a Bloomberg report. The deal is valuing CanniMed stock 57 percent higher than its Nov. 14 closing price, and investors holding 38 percent of CanniMed shares have […]

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Report: 87% of Canadian Cannabis Firms Anticipate Industry Consolidation in 3 Years

According to a report by EY consulting released on Monday, 87 percent of Canada’s licensed cannabis producers believe the industry will consolidate over the next three years; yet 75 percent see “craft or niche players” gaining a foothold in the market. Another 75 percent anticipate the entrance of “big players from established industries” such as […]

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New Brunswick, Canada Government Strikes Deal with 3rd Cannabis Producer

The government of New Brunswick, Canada has signed a memorandum of understanding with licensed producer Zenabis to provide 4,000 kilograms (8,818.5 pounds) of cannabis and derivative products with a retail value between C$40 to $50 million. The announcement comes on the heels of the government unveiling their legal cannabis industry operations proposal that would see […]

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Australian MMJ and Hemp Firm Expands into China

Australia’s Creso Pharma is expanding its reach into China, announcing the company has established a strategic partnership and commercial distribution agreement with hemp-producer Zhejiang Kingdom Create So., Ltd. Kingdom Creative will import hemp and cannabis-derived animal and human health products and invest in the marketing and distribution of the products. Dr. Miri Halperin Wernli, Creso […]

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Alberta, Canada Proposes Provincial Cannabis Industry Rules

Alberta’s provincial government has released proposed regulations for retail cannabis operations as Canada moves forward with their tax-and-regulate plan, which sets the legal age at 18 and permits private retailers to open up retail and online stores. The Alberta Gaming and Liquor Commission will oversee distribution, compliance, and enforcement. Notably, the rules allow citizens to […]

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Quebec Joins Provinces Asking for 1-Year Delay on Adult-Use Legalization

Approved by the federal government in April 2017, Canada is set to legalize the adult use and possession of cannabis nationwide on July 1, 2018. However, earlier this year, premiers from several provinces called for a delay in implementing the historic change due to health and traffic safety concerns — and to avoid inconsistencies in […]

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Aurora Makes ‘Unsolicited Offer’ for CanniMed Takeover

Canada’s Aurora Cannabis Inc. is seeking to takeover CanniMed Therapeutics in an all-stock $455 million deal, according to a Bloomberg report. The deal values CanniMed stock at C$24 a share, 57 percent above Tuesday’s Toronto Stock Exchange closing price. Aurora Executive Vice President Cam Battley told Bloomberg that the firm is “making a very big […]

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Swiss Health Office Denies University Adult-Use Cannabis Study

Switzerland’s Federal Office of Public Health has rejected a University of Bern proposal to carry out a scientific study on the effects of cannabis legalization that would have seen Swiss pharmacies sell cannabis for recreational purposes, according to an SWI report. In a letter to the university’s Institute of Social and Preventive Medicine, the agency […]

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Canadian Government Proposes $1 Per Gram Federal Cannabis Tax

With Canada’s legalization date looming, North America’s northernmost nation is laying the groundwork for what will soon be the world’s largest national adult-use cannabis marketplace. Last week, Liberal MP Bill Blair — the former chief of police for Toronto and Prime Minister Justin Trudeau’s point man for the country’s legalization process — announced the federal […]

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Report: Global Cannabis Market Could Reach $31.4B by 2021

According to a Brightfield Group report, the global cannabis market is expected to reach $7.7 billion this year and $31.4 billion by 2021, representing a compound annual growth rate of 60 percent. The researchers expect the adult-use market in Canada, expected to roll out in June, to hit $5.7 billion by 2021 – roughly half […]

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Manitoba, Canada Premier Unveils Provincial Cannabis Industry Plan

Manitoba, Canada Premier Brian Pallister has laid out his plan for how the legal cannabis industry will operate in the province, preferring a “hybrid retail and distribution model that allows both the public and private sectors to do what they do best” rather than a wholly government-run system. The model will give the Liquor and […]

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Luxembourg Parliament to Consider MMJ Pilot Program

European Union nation Luxembourg plans to launch a two-year medical cannabis pilot project, according to an AFP News report. The plan, which would allow officials to determine who should have access to the program and under what conditions, still requires parliamentary approval. Health Minister Lydia Mutsch indicated the government plans to limit access to individuals […]

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Hoban Law Group Planning International Expansion

Hoban Law Group, a full-time, full-service cannabis industry law firm based in Colorado, is planning to expand internationally with multiple offices in the European Union and two offices in Latin America. The European offices are expected by late fall while the Latin America offices are expected by spring 2018. The firm has already been working […]

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IBM Pitches Blockchain Tech to British Columbia, Canada Government for Legal Cannabis Tracking

IBM is pitching blockchain technology to the British Columbia, Canada government as “an irrefutable chain of custody audit for the seed-to-sale of cannabis.” According to the Oct. 1 document, IBM says the technology can help the government “take control of sourcing, selling, and pricing” of cannabis products, assist producers with inventory management in real time, […]

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Poland MMJ Law Takes Effect; Products to be Sold in Pharmacies

Poland’s medical cannabis laws have taken effect and cannabis-derived products will be available in the nation’s pharmacies after they are registered with the Office for Registration of Medical Products, according to a Radio Poland report. The Polish Pharmaceutical Chamber estimated that 300,000 patients could be eligible under the regime, which includes chronic pain, drug-resistant epilepsy, […]

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Italian Court Acquits Rastafarian of Cannabis Possession

An Italian court has acquitted a 30-year-old man of cannabis possession, determining that the defendant used cannabis to practice his Rastafarian religion, according to a report by the Independent. The individual had been arrested after police found 8 grams on his person and another 50 grams at his home. He faced up to four months […]

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Canadian Government Allots $36.4M on Cannabis Public Education Campaign

The Canadian government plans to spend CA$36.4 million over the next five years on a cannabis public education and awareness campaign focused on youth and other at-risk populations, and drug-impaired driving. In March, Health Canada launched a digital campaign targeting parents, urging them to discuss cannabis with their children; the next phase will be geared […]

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Canadian Community College Offers Cannabis Cultivation Course; Gov’t Paying Tuition for First Round of Students

New Brunswick, Canada’s Dieppe Community College will begin offering its 12-week medical cannabis cultivation course next month, and the first class will have their tuition covered by the provincial government, according to a CBC News report. The course, which begins Nov. 27, costs CA$2,800 per student, equaling CA$70,000 (US$54,484) for the class of 25 students. […]

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Alcohol Distributor Constellation Brands Buys Stake in Canopy Growth

Constellation Brands, the U.S. distributor of Corona beer and Svedka vodka, has agreed to take a 9.9 percent stake in Canopy Growth Corp., a Canadian medical cannabis company, for about US$191 million (C$245 million) the company announced in a press release. The announcement comes less than one year after Constellation CEO Rob Sands told Ad […]

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New Brunswick, Canada Retail Cannabis Operations to be Run by NB Liquor

The New Brunswick, Canada government has announced that NB Liquor will operate the nation’s adult-use cannabis industry in the province through a subsidiary, according to a report from the Sackville Tribune-Post. Through the subsidiary, operations and retail stores will be operated by the corporation. Health Minister Benoît Bourque said the move prioritizes “public health and […]

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Two Canadian Firms Fully Licensed to Cultivate & Process MMJ in Colombia

Canada-based Khiron Life Sciences Corp. and PharmaCielo Ltd. are the first companies to be granted full licenses to produce and process medical cannabis products in Colombia. Both companies are able to cultivate and process products containing unrestricted percentages of THC and CBD. Having received all three requisite licenses to operate in the country, Khiron Colombia […]

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