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…
Europe Cannabis Industry & Marijuana Business News
Insurance-covered medical cannabis reimbursements decline again in Germany
Public health insurance reimbursements for cannabis in Germany have fallen for the second straight quarter. Unless this drop is being offset by an increase in private prescriptions, it means that total sales of medical cannabis in Germany – Europ…
Uruguay completes another large export of high-THC flower to Portugal
Uruguay-based Fotmer completed another large export of high-THC flower to Portugal at the end of November, according to Uruguayan customs records viewed by Marijuana Business Daily. The company declared two exports, each with a value of almost $1.3 mil…
UK reveals it’s withholding approval of BVI cannabis law over treaty obligations, upcoming talks
The United Kingdom will decline to approve a 6-month-old bill to open commercial opportunities involving medical cannabis in the British Virgin Islands (BVI) until a deal is reached between the two nations over the transfer of narcotics licensing autho…
Switzerland moves toward broader medical cannabis access
The Swiss National Council – the country’s lower house – this week approved a Federal Council proposal to amend the narcotics law and make it easier for patients to access medical cannabis. The amendment still needs the approval of th…
Germany’s growing medical cannabis extract market attracts competition
Germany’s market for medical cannabis extracts has shown meaningful growth this year, per the latest reimbursement data available, which has attracted new brands and products. While the number of flower prescriptions covered by statutory health i…
CBD should not be regulated as a narcotic, European Commission says
Low-THC cannabis producers can keep Europe on their radar as an export market in 2021 after the European Commission backed away from its preliminary stance that CBD should be treated as a narcotic.
CBD should not be regulated as a narcotic, European Co…
Tilray adds dronabinol to German product portfolio
Canadian cannabis producer Tilray is offering dronabinol in the German medical cannabis market, according to a notice in the German trade publication Apotheke AdHoc. Tilray’s dronabinol is plant-derived – like most, if not all, of the drona…
United Nations approves WHO recommendation to reschedule cannabis in historic vote
The United Nations Commission on Narcotic Drugs (CND) on Wednesday accepted a World Health Organization (WHO) recommendation to remove cannabis and cannabis resin from Schedule IV of the 1961 Single Convention on Narcotic Drugs.
United Nations approves…
Netherlands to draw 10 recreational marijuana growers this week
The Dutch government will hold a draw on Thursday to choose 10 marijuana cultivators for the country’s upcoming pilot program, according to a letter to Parliament from the medical and justice ministers dated Friday, Nov. 27. The winners of the dr…