International Marijuana Business News

Mexico to miss deadline to legalize marijuana, including recreational use

Citing “unprecedented” pressure from companies trying to influence Mexico’s cannabis legislation,?voting on?a bill?to completely legalize marijuana – including its recreational use – will be delayed, according to media reports. Ricardo Monreal, president of the Senate’s Political Coordination Board (Jucopo) – a governing body of the chamber – told?Milenio the bill “won’t be voted on this […]

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North Macedonia’s medical cannabis overhaul would allow flower exports – but also create entry hurdles

Medical cannabis regulations in North Macedonia – a small but promising market – are likely to undergo significant changes before the end of 2019, allowing the export of flower for the first time but also raising?barriers to entry for prospective businesses. The government of Prime Minister Zoran Zaev sent a draft bill to the Parliament […]

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Gibraltar expands medical cannabis market beyond just CBD

Two years after Gibraltar legalized CBD, the tiny British Overseas Territory located on?Spain’s south coast widened the range of cannabinoids available in the local market. The move could create limited opportunities for medical marijuana companies looking for an entry point into the European market, Brexit notwithstanding. “The new legislation covers a wider range of products […]

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Week in Review: Mexico moves toward recreational cannabis legalization, vape firm Pax cuts jobs, Northeast govs huddle & more

Mexico prepares to become the most populous nation in the world to legalize adult-use marijuana, vape company Pax cuts 25% of its workforce, governors of Northeast states consider working together to legalize recreational MJ?– and more of the week’s top cannabis business news. Mexico prepares to legalize recreational cannabis Mexico’s Senate is ready to receive?a […]

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Hexo slashes workforce by 200 amid lower marijuana revenue expectations

Troubled Canadian cannabis company Hexo, which this week postponed the release of financial results amid lower revenue expectations, said it is cutting about 200 jobs across multiple locations and divisions. The cuts represent approximately 20% of the Quebec-based company’s workforce and include the elimination of some executive positions and the departures of Arno Groll, chief […]

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New data reveals top medical conditions for which cannabis is reimbursed in Germany

The German government disclosed?the six most-reported diagnoses for which medical cannabis has been prescribed and covered by?statutory health insurers (GKV), with pain No. 1 followed by a muscle condition known as?spasticity. The data is based on an ongoing government survey involving 6,538 patients, as of September. The information was disclosed in a reply to a […]

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MJBizDaily leadership change: Co-founder Farrington stepping down as CEO; Walsh to take reins

Cassandra Farrington, the co-founder of Marijuana Business Daily, is stepping aside as CEO of the pioneering cannabis publishing and trade show business at the end of the year and will be replaced by the company’s?founding editor and president, Chris Walsh. Farrington, who has overseen huge growth at MJBizDaily since its founding in 2011, will transition […]

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Alberta cannabis producer readies Canada’s largest rooftop solar array

An Alberta-based cannabis producer is weeks away from flipping the switch on what it says will be Canada’s largest array of rooftop solar panels. Freedom Cannabis expects to activate the 1,830-kilowatt array at its facility 20 kilometers (12 miles) west of Edmonton in November. The initiative is, in part, an answer to the growing amount […]

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Marijuana producer Hexo delays earnings release, announces CA$70 million private placement

Quebec cannabis producer Hexo postponed the release of its financial results, which were expected Thursday, after announcing a plan to raise 70 million Canadian dollars ($53 million) in a private placement. In a news release, Hexo said the delay was due to “the (private placement) financing and additional time required to finalize” its year-end filings. […]

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British Columbia’s adult-use cannabis program hits stride as sales double

Sales of recreational marijuana across Canada rose 19% in August to 127 million Canadian dollars ($97 million) from the previous month, buoyed by new store openings in Western Canada. British Columbia’s adult-use market is starting to hit its stride after getting off to an extremely slow start, according to new Statistics Canada data. Receipts of […]

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Mexico’s draft cannabis legalization law would limit foreign investment, ban vertical integration

Mexican lawmakers are moving closer to adopting groundbreaking legislation to establish a federally regulated cannabis industry, a move that would lay the legal foundation for a new market and make Mexico only the third country in the world to legalize commercial production of adult-use marijuana. The legislation lays out the groundwork to create what would […]

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