International Marijuana Business News

German insurer paints picture of nation’s growing medical cannabis industry

Applications for reimbursement of medical cannabis expenses by Germany’s?second-largest health insurer doubled from 2017 to 2019, signaling robust growth in the use of the drug. Flower remained one of the most prescribed cannabis products, according to data provided in a new release by German insurer Barmer. Assuming trends witnessed by Barmer are?representative of the overall […]

Read More

Alberta set to roll out recreational cannabis vapes ‘in next couple of weeks’

Alberta has notified its 416 adult-use cannabis retailers they will be able to order vape products from the provincial wholesaler?as early as this week, opening the door to sales within the next two weeks. Most provinces in Canada saw a limited roll-out of vape products in January, but Alberta delayed release of the products to […]

Read More

New Zealand cannabis firm Helius raises NZ$20M for expansion, clinical trials

Weeks before New Zealand’s medical marijuana regulations take effect, Auckland-based Helius Therapeutics says it has raised 20 million New Zealand dollars ($12.8 million) to help fund facility expansion and clinical trials. Helius is among nearly two dozen companies that are licensed to grow cannabis for research purposes. After the regulatory foundation for New Zealand’s medical […]

Read More

How coronavirus in China could disrupt the cannabis vape hardware supply chain

The coronavirus outbreak in China – which has killed hundreds, sickened thousands and led to travel restrictions – is expected to impact marijuana vaporizer companies that depend on Chinese suppliers by interfering with the flow of hardware and other products. Trade tensions between the United States and China previously caused disruptions in the supply chain. […]

Read More

Switzerland’s recreational cannabis pilot program will allow only organic products

Switzerland’s?lower house health commission cleared the way for a limited pilot?program to allow the legal production and distribution of recreational marijuana. The move is not intended to be a first step toward full legalization. The general recreational cannabis prohibition will continue. The results of the experiment will be used for future evidence-based cannabis policy, although […]

Read More

Some struggling US cannabis companies may look to Canada for possible bankruptcy protection

With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure?are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin,?special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]

Read More

Australia looks to implement single medical cannabis license for producers

The Australian government held public consultations on a proposal to implement a single medical cannabis license for producers, which experts say would address lengthy delays and disproportionate levels of paperwork facing businesses. The proposal is part of a government-commissioned report written in 2019 by John McMillan – a law professor at Australian National University in […]

Read More

Public comment period opens for Trinidad and Tobago’s cannabis law

Businesses have been invited to comment on Trinidad and Tobago’s proposed medical cannabis law, which is intended to form the legal framework for a new industry in the Caribbean’s largest economy. The deadline for submissions is Feb. 14. The Cannabis Control Bill 2019 is currently before the Joint Select Committee in the House of Representatives. […]

Read More