An international survey aims to uncover new information about small-scale cannabis cultivation around the world, and the research team’s findings could provide valuable information for both commercial marijuana producers and businesses that serve…
International Marijuana Business News
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. …
Fire & Flower buying Friendly Stranger as consolidation reaches cannabis retail
Adult-use cannabis retailer Fire & Flower Holdings has entered into a definitive agreement to buy rival store operator Friendly Stranger Holdings. The deal, if approved, would see Toronto-based Fire & Flower issue approximately 31.1 million sha…
Canadian cannabis greenhouse, once world’s largest, hit with massive fire
Part of cannabis producer Canopy Growth’s idled greenhouse complex in Delta, British Columbia, went up in flames over the weekend. Dozens of firefighters were part of seven crews dispatched to the facility Sunday morning, according to a news rele…
How Canadian cannabis firms lost millions on bad greenhouse deals
When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers. In short, the Alberta-based producer was signaling to the industry it intended to win the “funded capacity” r…
Week in Review: NY medical marijuana market could slow adult use, state legalization funding, Mississippi obstacles & more
New York Gov. Andrew Cuomo wants to legalize adult-use cannabis, but the state’s heavily restricted medical marijuana program could hamper those efforts. MJBizDaily takeaway: Experts believe that New York needs to expand its MMJ program in advanc…
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…
More medical cannabis products available in Peruvian pharmacies
The first finished, registered cannabis medicine became available to patients in Peruvian pharmacies this week, Marijuana Business Daily has learned. The product, Epifractan, is manufactured in Uruguay by Ramm Pharma and imported into Peru by Cann Farm…
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write downs (CA$42 million), i…
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write downs (CA$42 million), i…