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Europe Cannabis Industry & Marijuana Business News
As competition grows in German medical cannabis flower market, sales strategy becomes key
The growing number of medical cannabis brands and products available to patients in Germany indicates that companies wanting to enter and succeed in that market need to think beyond simply offering a consistent supply of products.
As competition grows …
Germany’s medical cannabis flower market shows signs of cooling
Germany imported 1,759 kilograms (3,878 pounds) of medical cannabis flower for pharmacy dispensing during the third quarter of 2020, new data from the Federal Institute for Drugs and Medical Devices (BfArM) shows. This represents a 28% decrease over th…
Epidiolex maker GW reports record quarterly revenue of $137 million
United Kingdom-based GW Pharmaceuticals posted higher revenue in the quarter ended Sept. 30, largely driven by sales of its cannabidiol medicine Epidiolex in the United States. GW’s total revenue for the third quarter reached $137.1 million, abou…
Impact of US election on global cannabis sector to emerge slowly, executives say
Implications of the U.S. elections on the cannabis industry stretch far beyond America’s borders. Industry executives in countries as far away as Australia, Jamaica and Uruguay are weighing how the results could affect their business prospects. P…
Italy backtracks on medical CBD decree
The Italian Ministry of Health suspended the entry into force of a decree that would have added certain CBD preparations into the table of medicines in its narcotics law, according to a notice in the country’s Official Gazette last week. On Oct. …
Germany firmly rejects recreational marijuana legalization bill as hope fades for reform
The German federal parliament rejected a bill to legalize a “strictly controlled” adult-use cannabis market, dealing a major setback to recreational marijuana reform efforts in that country. The rejection came despite the fact that a majori…
Danish medical cannabis market sees positive quarter
Denmark’s medical cannabis pilot program notched another positive quarter, but the number of unique consumers remains well below the trial’s peak seen one year ago. The Danish market’s struggles demonstrate how businesses need to fact…
Newly enforced law might harm Italy’s medical cannabis market, pharmacies warn
Italian regulators have reminded pharmacies they are barred from shipping medical cannabis preparations to customers, a major departure from how patients have accessed the medicine for years in the southern European country. Business and patient groups…
Flowr to buy Terrace Global amid tepid cannabis M&A market
Toronto-based cannabis producer The Flowr Corp. entered into a definitive agreement to acquire Terrace Global, a Canadian company focused on the development of international marijuana assets. The all-share transaction, expected to close by the end of t…