Argentina might have the first locally-manufactured medical cannabis product as soon as early 2021. An official document shared by local pharmaceutical newspaper Pharmabiz shows that Manuel Limeres, head of Argentina’s National Administration of …
International Marijuana Business News
New Zealand cannabis referendum fails by razor thin margin
The “no” side narrowly prevailed in New Zealand’s referendum on a cannabis legalization bill after the final 492,000 votes were tallied, the country’s Electoral Commission announced Friday. One week ago, preliminary results showed a slim majority of vo…
Why Canadian cannabis firm Aphria bought US craft brewer for $300M: Q&A with CFO Carl Merton
When Aphria bought a notable U.S. craft brewer this week for about $300 million, the Canadian cannabis producer flipped one industry narrative upside down. In recent years, a number of beverage alcohol companies have bought into the cannabis space R…
Canadian cannabis firm Hexo claims win in California trademark settlement
Canadian cannabis producer Hexo Corp. said it has reached a settlement in a trademark-infringement lawsuit against California-based Assi Project Management. Hexo sued Assi for unfair competition and trademark infringement in the U.S. District Court for…
Cannabis producer Cronos halves loss to $68 million on higher revenue
Canadian cannabis producer Cronos Group reported improved revenue for its latest quarter, but a bottom line that remains in the red. The Toronto-based company reported a net loss of $68 million for the third quarter ended Sept. 30, compared to a $107 m…
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…
Cannabis firm Canopy Growth to follow Aphria onto Nasdaq, departing NYSE
Smiths Falls, Ontario-based Canopy Growth is swapping one stock exchange for another, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq in an effort to save money. Canopy, which reported a loss of 128 million Canadian dollars ($97 mil…
2020 election updates, analysis & highlights
Marijuana Business Daily reporters and editors are providing live coverage of the 2020 general election, focusing on legalization ballot measures in five states as well as key federal races that could affect MJ reform. Scroll down for updates our staff…
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…
Cannabis operator TerrAscend signals profit, rising revenue for third quarter
North American cannabis operator TerrAscend expects to report a profit and strong revenue growth for its third quarter.
Cannabis operator TerrAscend signals profit, rising revenue for third quarter is a post from: Marijuana Business Daily: Financial, …