Category Archives: International Marijuana Business News

In wake of Namaste fiasco, Canadian cannabis firms urged to boost corporate governance

An expert in the cannabis industry is urging Canadian marijuana companies to improve corporate governance in the wake of a controversy involving Namaste Technologies and other “unicorn” firms. Toronto-based Namaste on Monday said it removed Sean Dollinger as chief executive officer and director and is commencing legal action against him after a special investigation. The company […]

Inside Investor Intelligence: Acreage Holdings dishes on why size matters in marijuana

In the battle to become the leading cannabis brand in the United States, few companies have amassed the influence, reach or war chest boasted by Acreage Holdings. Join us Thursday, Feb. 7, at 1 p.m. ET for an exclusive webcast featuring a conversation with Acreage CEO Kevin Murphy. This webcast is part of a free […]

New Brunswick receives 11% of cannabis products ordered from cultivators ‘consistently’

(This story has been updated to include a statement from Organigram.) New Brunswick’s cannabis wholesaler is receiving a fraction of the 352 cannabis products licensed cultivators agreed to supply the province on a regular basis, new data shows. “In August of 2018, we ordered 352 products; to date we have received 187. Of those 187, […]

MJBizDaily launches content for high-level cannabis investors

Investment in cannabis has grown at a meteoric pace – in size and in volume – over the past 12 months. To keep investors apprised of the rapid changes, Marijuana Business Daily has launched a subscription service – Investor Intelligence – focused on the critical analysis, insights and data necessary for success in the sector. “The demand for […]

Though a ‘positive step,’ WHO recommendations on cannabis fall short for some

The World Health Organization (WHO) made great strides in its recommendations on how cannabis should be scheduled, but the global industry believes there’s more work to be done. Martin Jelsma, drugs and democracy program director, at the Netherlands-based Transnational Institute, emphasized to Marijuana Business Daily that there are “very positive elements in the WHO recommendations,” including: Recognition […]

Weekly Deal Watch: Sizes of cannabis capital raises climb, though frequency lags

Fundraising among North American cannabis firms has yet to outpace levels logged this time last year, but the size of the average capital raise is steadily climbing, according to the latest data. Through the fourth week of January, public cannabis companies have raised $394.1 million, with an average funding round of $24.6 million, according to […]

In unusual move, Thailand to revoke foreign patent requests on marijuana

Thailand’s military government ordered the Department of Intellectual Property (DIP) to revoke within three months foreign companies’ patent applications that include cannabis. The move is unusual, according to one analyst, but would be concerning only if other countries follow Thailand’s lead. Concerns have persisted for months that international companies could use patents to squeeze out […]

Half of Canada’s cannabis cultivation applicants in limbo

More than half of the cannabis site applications in Canada had not transitioned to the new licensing system as of the end of 2018, meaning their applications are effectively in regulatory limbo and not being scrutinized by the country’s cannabis regulator. Only 409 of the 839 cannabis site applications in the queue to be cannabis cultivators […]

CIBC compares cannabis to gold rush, predicts ‘beginning of global seismic shift’

The birth of the legal cannabis industry in Canada is akin to the gold rush, but very few cannabis companies will live up to their lofty expectations, according to a new report from one of the country’s largest banks. CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce, made the sobering assessment […]

Legal cannabis could skim $55 billion per year from alcohol, tobacco firms

Global alcohol and tobacco companies could face losses of $55 billion a year if a fully legal cannabis industry develops in North America, a new report predicts, a key driver for why those sectors are taking early steps into the blooming marijuana market. “For these two industries in particular, a move into the cannabis business is […]