Mexico’s lower house has approved a bill that would legalise the recreational use of cannabis, putting the country on the path to becoming one of the world’s largest regulated markets for the drug. T ...
British American Tobacco said it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.8 million) as it seeks to expand beyond its main tobacco b ...
Altria, one of the world’s biggest tobacco companies, is well on its way to also being one of the world’s biggest and most influential cannabis companies. After spending $1.8 billion to buy a stake i ...
Cannabis companies are positioning themselves for the greater likelihood that federal cannabis restrictions will be loosened significantly. Sales are already booming. Cannabis sales hit $20 billion l ...
Mexico’s health ministry published rules to regulate the use of medicinal cannabis, a major step in a broader reform to create the world’s largest legal cannabis market in the Latin American country. ...
In the past decade, 15 states have legalized a regulated marijuana market for adults over 21, and another 17 have legalized medical marijuana. But in their rush to limit the numbers of licensed vendo ...
Tilray and Aphria, two of the biggest marijuana companies in Canada, announced plans to merge and create the world’s largest cannabis outfit. With existing medical and recreational cannabis businesse ...
Producing and selling hemp inflorescences (clusters of flowers on a stem) with a low THC content has been legal in Switzerland since 2017. However, this market has not proved to be the gold mine that ...
On November 19, the Senate began debating a bill that would make Mexico the third country in the world, after Uruguay and Canada, to legalise cannabis for recreational use nationwide. For Mexico, the ...
It's the moment for which advocates of legal marijuana here have been waiting: Mexican lawmakers, working under a court order, have until mid-December to finalize rules that will make the country the ...
A policy brief by the Centre on Drug Policy Evaluation and the University of Toronto looked at c-suite level executives, parent companies and licensed producers in Canada. The research reveals that t ...
Senate majority leader Ricardo Monreal expects a law to be passed before December for recreational use of the drug, allowing regulated private firms to sell it to the public. Indeed the legal cannabi ...
Finance minister Tito Mboweni expects the newly legal cannabis industry to pour an estimated R4 billion into the government’s dwindling tax coffers while simultaneously unlocking the country’s stagna ...
Two years ago, the Constitutional Court of South Africa decriminalised the possession and cultivation of cannabis in private by adults for personal private consumption. It was a historic day that lef ...
The U.S. company Stem Holdings reported in 2019 that it had “received preliminary approval to become the only licensed growing farm and processing plant for medical cannabis and industrial hemp in Th ...
Brazil has fast-tracked a draft law that would legalize the cultivation of medicinal cannabis and industrial hemp. South America’s largest economy leads the world in several commodities markets, and ...
Significant policy shifts have led to an unprecedented boom in medical cannabis markets, while a growing number of countries are moving towards the legal regulation of adult non-medical use. This tre ...
Canopy Growth’s chief executive earned 1,042 times more than the median compensation for the cannabis producer’s other employees in fiscal 2020. The partial-year compensation for CEO David Klein was ...
The referendum on legalising recreational cannabis use is just over a month away. Campaigns for and against the change are well under way. We’ve had expert reports from the Helen Clark Foundation, th ...
King Mswati allegedly entered into a deal with Stem Holdings and manipulated provisions of the Prevention of Organized Crime Act (POCA) by unleashing police officers on dagga farmers after Parliament ...
Central Asia has a great climate for growing cannabis. The plant, which is indigenous to the region, blankets hillsides and reveals itself stubbornly in urban parks. Archeological evidence suggests c ...
Canada needs to open as many as 4,000 cannabis stores, more than triple the current number of licensed outlets, if policymakers want to eliminate the illicit market, according to the head of one of t ...
Did dagga growers influence MPs? The withdrawal of the Opium and Habit-Forming Drugs (Amendment) Bill No.06 of 2020 in the House of Assembly, has raised more questions than answers. Dagga grower Jama ...
The Ganja Growers and Producers Association (GGPAJ) says despite the success of several Cannabis Licensing Authority (CLA) operators, Jamaica's regulated cannabis industry has failed to live up to it ...
Some of the biggest cannabis players when legalization took effect 20 months ago have successfully held on to their dominant positions, despite a year of bankruptcies, downsizings, revoked licences, ...
MedMen looked to become the Apple of pot, the first mainstream, nationwide consumer brand for the product that drove so many Americans to ingest and invest. Marijuana liberalization was sweeping the ...
Aurora, a Canadian listed cannabis company, has sold its Jamaica asset for less than its CDN$4.5 million valuation in order to get cash. “The company also accepted an offer to sell its Jamaica prope ...
The Cannabis Licensing Authority (CLA) has established interim measures to facilitate online sales by licensed retail herb houses to registered patients in keeping with the Government's initiatives t ...
According to cannabis industry analytics firm Headset, pot sales in the United States spiked in mid-March, with sales growth peaking at 64% in the week ended March 16 — the highest growth rate since ...
Canopy Growth is ceasing cannabis cultivation in Africa, Canada, Colombia and the United States in a bid to “improve efficiencies” in its global operations. The company also said it is eliminating 85 ...
The cannabis bankruptcy filings are starting to roll in. Already plagued by a tough regulatory environment, disappointing sales and capital markets that had closed to all but the strongest companies, ...
Two years on, the Canadian cannabis legalisation experiment hasn’t quite turned out as we reformers had hoped. The black market is still vibrant while cannabis stocks have crashed, medical patients s ...
The exodus of cannabis executives in Canada is in full swing after their companies raked up collective net losses exceeding CA$6 billion ($4.4 billion) in 2019, the first calendar year recreational p ...
The cannabis business has arrived at a critical moment. Now that pot has become something like a regular consumer product, customers are increasingly seeking the same “proven consistency” they expect ...
The BMJ has uncovered links between companies, campaign groups and individuals lobbying for wider patient access to cannabis for medical use and a parallel campaign to create a lucrative recreational ...
Cannabis may be legal in Vancouver but visitors looking to score are likely to run into a seemingly counterintuitive suggestion: try the black market. Recreational marijuana was legalised across Cana ...
Minister of State for Industry, Commerce, Agriculture and Fisheries, Floyd Green, says the Government, through its Alternative Development Programme (ADP), is committed to assisting traditional canna ...
Minister of Agriculture and Food Security Indar Weir is making it clear that 30 per cent of any investment coming to Barbados for the medicinal cannabis industry must be reserved for ordinary Barbadi ...
In a series of tweets on Sunday, Finance Minister Tito Mboweni uploaded photos of dagga plants growing on his farm in Limpopo, which he explained were occurring there naturally. The law around cannab ...
A Los Angeles government program set up to provide cannabis licenses to people harmed by the war on drugs has been plagued by delays, scandal and bureaucratic blunders, costing some intended benefici ...
The one thing Bay Street’s top cannabis bankers are all in agreement about is how difficult it has become for the pot sector to raise money over the past six months, be it through debt or equity. Tha ...
Last week was a wild one for MedMen, the multistate cannabis retailer based in Culver City, California. As CEO Adam Bierman was getting ready to do a Reddit AMA ("Ask Me Anything") a character named ...
What a difference a year makes. Around this time in 2019, the cannabis sector was booming. Investors wanted in and stock prices were skyrocketing. Today, share prices have tumbled and analysts are fo ...
South Africa’s cannabis conversation is shifting into a new gear, with Finance Minister Tito Mboweni on the record as pushing for full legalisation. Such a move will be welcome, with plenty of econom ...
Some of Canada's biggest cannabis producers are facing proposed class-action lawsuits in the United States after investors were hit with steep financial losses in the stock market. At least nine U.S. ...
Tough times in the cannabis industry aren’t stopping its leaders from going to Davos. For the second year in a row, there will be a Cannabis House in Davos, Switzerland this week alongside the schmoo ...
Bad news about the so-called "Green Rush" rolled in slowly at first, picking up steam around the end of last summer. Stocks started to dive. Layoffs were announced. Executives who just months earlier ...
Since the Netherlands decriminalized marijuana in 1976, Amsterdam’s “coffee shops” have become a destination for weed lovers from around the globe. But pot has never been fully legalized in the count ...
Europe's first cannabis exchange-traded fund (ETF), the Medical Cannabis and Wellness ETF, dubbed CBSX, launched in Germany. A joint project of Purpose Investments, a Canadian asset manager, and HANe ...
South-East Asia is notorious for its brutal approach to policing drug use and production. But in Thailand change is afoot, as authorities seek to develop a homegrown medical marijuana industry. Its c ...