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GW Pharma expects fiscal 2020 sales to reach $526 million

United Kingdom-based GW Pharmaceuticals expects to report annual sales of approximately $526 million for the year ended Dec. 31, 2020, it said in a preview of its fourth quarter and full-year results. Fourth quarter net sales will be approximately $148…

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German entrepreneurs find revenue opportunities in private cannabis market

As public health insurance payouts for medical cannabis in Germany stagnate, entrepreneurs are focusing instead on the private health-care sector, where medical consultations and marijuana is paid for directly by patients. Although Germany is often tou…

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Denmark medical cannabis sales post a positive quarter thanks to Epidiolex

Sales of medical marijuana in Denmark posted healthy gains in the third quarter of 2020, coinciding with the launch of GW Pharmaceuticals’ cannabis drug Epidiolex. Overall sales of all medial cannabis products grew from about 13 million Danish Kr…

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Polish medical cannabis market growing rapidly but remains very small

The Polish medical cannabis market is growing rapidly, with imports through August 2020 more than doubling compared to 2019, Marijuana Business Daily has learned. This is believed to be the first time that accurate and updated import data about the Pol…

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Survey: Majority in Germany still opposes adult-use cannabis legalization

A slim majority of eligible voters in Germany opposes legalizing recreational marijuana, according to a new poll. The results come from a survey conducted in December by Infratest dimap – one of the leading polling agencies and research institute…

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Australian medical cannabis available in German pharmacies for first time

Flower and extracts produced in Australia by two different companies became available in the German medical cannabis market for the first time, Marijuana Business Daily has learned. The flower, grown by New South Wales-based Australian Natural Therapeu…

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European cannabis producer raises $20 million

Emmac Life Sciences, a European vertically integrated cannabis producer, said it raised 15 million pounds ($20 million) via an issue of convertible loan notes. The Dec. 16 issue “saw strong support from existing shareholders, with Measure 8 Ventu…