Tag: cannabis industry
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Foreign assets could be next on the block for cash-hungry cannabis companies
Friday, 10 January 2020Two years ago, Canadian cannabis companies were racing to scoop up international assets, from swaths of fertile land in southern Africa to cultivation licences in Jamaica and everything in between. N ...
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South Africa's black farmers fight to enter marijuana market
Wednesday, 08 January 2020Following the Constitutional Court's decision in 2018 to decriminalize the personal use and cultivation of cannabis in South Africa, there are concerns on the ground that black farmers who have been ...
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'There's just no money coming in': Cannabis sector bracing for wave of insolvencies in 2020
Tuesday, 31 December 2019Cannabis industry insiders are bracing for a slew of bankruptcies in the coming year as small and medium-sized companies low on cash struggle to raise funds in the downtrodden sector. “We have had a ...
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Why Canada's cannabis bubble burst
Sunday, 29 December 2019When Canada legalised marijuana just over a year ago, it seemed like anyone who was anyone wanted to break into the market. The media nicknamed the frenzy Canada's "green rush", as investors like Sno ...
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America’s marijuana growers are the best in the world, but federal laws are keeping them out of global markets
Friday, 27 December 2019After 20 years of experience, legal marijuana growers in the U.S. have a reputation for creating the best product in the world, scientifically grown and tightly regulated for quality and safety. The ...
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Peak pot? Thick haze dulls hype around cannabis startups
Monday, 16 December 2019The hype around cannabis startups in recent years intoxicated many investors. But poor balance sheets and plummeting share prices has made the comedown hard to stomach. By October, it became clear th ...
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Inside the billion-dollar race to patent cannabis
Monday, 09 December 2019The U.S. Patent and Trademark Office (USPTO) has already issued several patents for specific kinds of cannabis and for more wide-ranging “utility patents,” but so far they’ve gone unenforced and unno ...
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CLA issues 50 cannabis licences in two years
Sunday, 08 December 2019The four-year-old Cannabis Licensing Authority (CLA) reached another major milestone last week by issuing its 50th licence for medicinal use of the drug. The 50th licensee is Outlier Biopharma, a Mon ...
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‘B.C. bud’ cannabis still underground, John Horgan hopes to rescue it
Monday, 02 December 2019British Columbia used to supply half of Canada’s marijuana, export it to the United States by the hockey bag, and bring home a bong-full of blue ribbons for its exotic “B.C. bud” strains from interna ...
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Inside the Walmart of weed
Saturday, 23 November 2019With Canada the largest nation to completely legalize marijuana, the world’s most valuable pot company, Canopy Growth Corp., founded in 2013 and now worth about $6.4 billion, is one of the most contr ...
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De Caires has high hopes despite pace of Cannabis Commission!
Sunday, 17 November 2019Andre De Caires of the Cannabis Movement of St. Lucia is not satisfied with the pace at which the recently formed Cannabis Commission is working. The commission’s mandate is to “consult and provide a ...
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Battered cannabis investors still seek bottom after Canopy plunges
Friday, 15 November 2019Canopy Growth Corp. led another mass selloff in the Canadian cannabis space after an earnings miss had investors once again looking for a bottom in the battered sector. Both retail and institutional ...
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Canadian cannabis group appeals to Trudeau to help fix industry challenges
Friday, 15 November 2019An industry group representing Canada’s biggest cannabis companies is appealing to Prime Minister Justin Trudeau to help address some of the industry’s most persistent challenges. In a letter sent to ...
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Government throws its weight behind medical cannabis sector
Wednesday, 13 November 2019With the issuance of a wide-ranging ministry report on the medical cannabis industry, Israel is for the first time making clear its intention to back the burgeoning sector, according to a ministry of ...
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Cannabis in Thailand: How far will the green gold rush go?
Thursday, 07 November 2019Thailand made headlines all over the world last December when it became the first country in Southeast Asia to legalize cannabis for medical use and research purposes, sparking a race to cash in on w ...
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Reasons marijuana legalization seems to be failing
Tuesday, 05 November 2019When it was first proposed, the concept of marijuana legalization seemed solid enough. Take the world’s most popular illicit substance, establish a taxed and regulated marketplace and watch all of th ...
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All dried up: How Bay Street cashed in on the cannabis frenzy before the carnage
Friday, 01 November 2019The warning signs were there all summer, but it wasn’t until the first business day of September that the reckoning arrived for Canadian cannabis companies in need of money. There were already clear ...
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Glimmer of hope for cannabis industry as talks continue with US
Thursday, 31 October 2019Permanent secretary in the Ministry of Investment, Commerce, Agriculture and Fisheries Dermon Spence has indicated that there could be headway in sight for the difficulties with banking for the local ...
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As Russian money poured into cannabis, Giuliani allies scrambled to partake
Wednesday, 23 October 2019Federal law still treats cannabis as an illegal substance, and traditional banks have been wary of getting involved. Wealthy financiers have moved in to fill the void — including a growing cast of in ...
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Small-scale outdoor growing is firing up Legalization 2.0
Wednesday, 23 October 2019Mark Spear might be a thorn in the side of the Canadian weed industry. Or he may be a heel. He certainly stands out when it comes to gently pissing off the ones writing the rules on the Green Mile of ...
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South Africa’s budding cannabis industry is waiting for regulations to catch up
Sunday, 20 October 2019South Africa’s budding cannabis industry has made huge strides over the last year since the Constitutional Court upheld South Africans’ right to privacy in September 2018, ruling that individuals sho ...
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A year in the weeds: Why the cannabis industry didn't take off the way everyone planned
Tuesday, 15 October 2019Dozens of legal cannabis producers, backed by billions in investor capital, were expected to put the black market on its heels, launching Canada to the forefront of an expanding global industry with ...
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Jamaica joins global stock markets in bracing for impact of Cannabis Banking Bill
Friday, 11 October 2019The Jamaica Stock Exchange (JSE) has joined other stock markets across the globe in bracing for the impact of the Cannabis Banking Bill, which is currently before the US Congress. Having already been ...
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Canada’s cannabis colonialism
Wednesday, 09 October 2019Canadian weed companies have their eye on a massive prize: the lucrative medical and adult cannabis markets that are emerging around the world. Much of the hype around corporate cannabis is linked to ...
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Feeling burned: The first year of legal cannabis has been a complete disaster for investors
Wednesday, 09 October 2019The legalization of cannabis in Canada was supposed to be a catalyst — the most powerful one yet, investors and analysts alike thought — that would launch companies in the young but potent industry t ...
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Facing stiff competition, will Colombia's marijuana industry go up in smoke?
Monday, 07 October 2019Cannabis company Clever Leaves has only managed to export a few marijuana derivatives because of the tight regulations threatening to choke Colombia’s ganja industry. Colombia was one of the first co ...
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'No plantation mentality!'
Thursday, 03 October 2019Noted cannabis advocate Ras Iyah V has issued a warning to prospective overseas investors who may have intentions of exploiting small ganja farmers to line their own pockets. "Don't come with the sug ...
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Mexico could have state-owned cannabis company
Wednesday, 02 October 2019The coordinator of the MORENA party at the Lower Chamber Mario Delgado Carrillo presented an initiative for the creation of a legal market for the purchase and sale of marijuana with the creation of ...
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Strike cannabis off Controlled Substances Act
Monday, 30 September 2019Cannabis guru Ras Iyah V says the time has come for developing nations, including those of the Caribbean, to collectively lobby the US to strike cannabis from its Controlled Substances Act. “It is im ...
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The Challenges of Medicinal Cannabis in Colombia
Monday, 30 September 2019
In July 2016, the Colombian government enacted Law 1787, which regulates the use of medicinal cannabis and its trade in the country. With this decision and a series of subsequent resolutions, Colombi ...
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Cannabis industry hopes SAFE Banking Act will spark new wave of growth, especially in U.S.
Friday, 27 September 2019For the first time in history, the U.S. House of Representatives passed legislation to both validate and protect the burgeoning cannabis industry by giving it access to banks, credit unions and insur ...
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Caribbean gov’ts urged to take unified approach to cannabis trade
Friday, 27 September 2019St Vincent and the Grenadines Minister of Agriculture, Saboto Caesar is calling for Caricom and the Organisation of Eastern Caribbean States (OECS) to take a collective approach to the development of ...
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Cannabis: le Maroc peut-il surfer sur la vague verte?
Tuesday, 24 September 2019Le pétrole vert du Maroc fait saliver les nouvelles industries émergentes qui promettent des produits miracles à base de cannabis. Malgré les perspectives économiques prometteuses qui s'offrent au pa ...
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Why pot's illicit history is making it so hard for companies to get patents in the legal cannabis era
Friday, 13 September 2019When Canopy Growth Corp. announced a plan to acquire cannabis researcher Ebbu Inc. for US$330 million last October, it touted the company’s intellectual property as the primary reason for the deal, m ...
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One of the largest pharma companies in the world has made a big move in cannabis
Thursday, 12 September 2019A subsidiary of NYSE-traded giant Teva Pharmaceuticals has signed a deal with medical cannabis company Canndoc to distribute its GMP products to pharma customers, including hospitals, health maintena ...
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Colombia is turning into a major medical marijuana producer
Saturday, 07 September 2019Other countries are passing laws to permit the production, import and export of medical marijuana but Colombia has a leg up because it did so three years ago, says Rodrigo Arcila, president of the Co ...
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Black market pot entered CannTrust facility, flowed into legal market last year: Sources
Friday, 06 September 2019Senior operating staff working at CannTrust Holdings Inc.’s Pelham, Ont. facility late last year brought cannabis seeds from the black market into production rooms, leading to some illicitly-grown po ...
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The reason pot stocks will never recover
Friday, 30 August 2019Marijuana stocks. At a glance, they seem like a disruption investor’s dream... After all, it’s a multi-billion-dollar market opening up after 100 years in the shadows. It’s forecast to grow at breakn ...
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Roll up, roll up: capitalism will drive cannabis legalisation in Ireland
Friday, 23 August 2019It is inevitable that cannabis will be legalised in Ireland in the coming years. It may take five years or even longer for the prohibition to be fully lifted but it is an utter fallacy to suggest thi ...
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Weed investment boom sparks calls for City pot exchange
Tuesday, 20 August 2019Canada was once the centre of a gold rush, but now a "green rush" for cannabis is setting stock markets alight. As the world's most progressive country on cannabis legislation, Canada has become the ...
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Ganja export regulations to be finalised September
Friday, 16 August 2019The Jamaican Government is finalising legislation to allow for marijuana producers to export. Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw says producers could potentially ea ...
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'Growing outside is a dream': Asparagus makes way for cannabis in Canada's fields
Wednesday, 07 August 2019The amount of outdoor-grown cannabis will make up a small portion of the market this year — less than 10 per cent of the cultivation licenses granted in Canada are for outdoors — but many more are in ...
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The unbearable whiteness of weed: Canada’s booming cannabis industry has a race problem
Friday, 02 August 2019The Canadian cannabis industry is booming. From giant industrial operations such as Canopy Growth to smaller “luxury” cannabis retailers, to an array of cannabis “lifestyle” brands and “cannabis bran ...
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Canada's cannabis industry just beginning to bud
Wednesday, 31 July 2019Mark Rendell, a business journalists for Canada's second-largest daily, The Globe and Mail, says the decision to legalize cannabis has led to a gold rush mentality within the emerging industry. He sa ...
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Auxly Cannabis stock soars as British tobacco giant Imperial takes 20% stake
Thursday, 25 July 2019British tobacco company Imperial Brands is getting into the cannabis business with a $123 million investment in Auxly Cannabis, the Canadian company run by former Tweed founder Chuck Rifici. The Brit ...
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U.S. bankers are answering the call of cannabis as deals flow away from Canada
Tuesday, 23 July 2019After years of Canada dominating the world of marijuana finance, the country’s head start is evaporating and U.S. bankers are increasingly answering the call of cannabis companies. For investment ban ...
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Opposition MP calls for policy on cannabis
Wednesday, 03 July 2019Opposition spokesman on tourism, Dr Wykeham McNeill is urging the Government to formulate a policy framework to define its position on cannabis. Cannabis could provide opportunities, including a new ...
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Bruce Linton's firing signals it is time for the cannabis industry to start delivering
Wednesday, 03 July 2019The surprise ousting of the chief executive officer of Canada’s foremost cannabis company is a sign of things to come, some observers warned, as the young industry grapples with investor impatience i ...
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Reefer Madness or Pot Paradise? The surprising legacy of the place where legal weed began
Sunday, 30 June 2019Colorado’s first-in-the-nation experiment has reshaped health, politics, rural culture and criminal justice in surprising ways that often defy both the worst warnings of critics and blue-sky rhetoric ...
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‘There’s no opposition now’: how a quiet Canada town became a world leader in growing weed
Saturday, 29 June 2019In 2018 Canada became the second country, after Uruguay, to legalise recreational use. By catching the green wave, Canopy Growth’s co-chief executive, Bruce Linton, has built, in under six years, a c ...
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