Toronto Stock Exchange launches 2 cannabis indices

The Toronto Stock Exchange building in downtown Toronto. Two indices tracking the performance of cannabis companies on North America’s largest stock exchanges have launched in recent months, demonstrating a growing level of mainstream interest in the burgeoning industry. The first to launch was the S&P/MX International Cannabis Index on Nov. 18, 2019. The index measures […]

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Aurora Cannabis offshoot Australis Capital announces CFO departure

Australis Capital, an investment group that spun off from Canada’s Aurora Cannabis, announced the departure of Chief Financial Officer Michael Carlotti. In a brief news release issued after market close on Jan. 17, Las Vegas-based Australis said Carlotti’s employment had been “terminated” effective Jan. 16. The company gave no explanation for the move. Alex Han will […]

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Aphria One, Brampton subsidiary receive EU-GMP certifications, clearing way for European cannabis exports

Aphria’s certificate of EU-GMP compliance. Aphria has received its first two essential European quality standard certifications, which the Canadian medical cannabis producer says will allow it to export finished dried flower and oil in bulk to European Union countries with established medical marijuana regimes. The company earned a certificate of EU-Good Manufacturing Practice (GMP) compliance […]

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New Zealand to overturn cannabis vaporizer ban, clearing the way for imports

New Zealand plans to reverse a law banning cannabis vaporizers before new regulations kick in for the launch of the country’s medical cannabis program in April, Marijuana Business Daily has learned. “Currently, vaporizers are prohibited under the Misuse of Drugs (Prohibition of Cannabis Utensils and Methamphetamine Utensils) Notice,” a Health Ministry spokesperson told MJBizDaily. The “cabinet […]

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US lawmakers call for more marijuana research, some Cresco Lab employees in IL unionize, Trulieve addresses short sellers & more

U.S. lawmakers and experts tell a congressional panel that the federal government needs more cannabis research, some marijuana employees in Illinois vote to unionize, Trulieve refutes a short-seller report – and more of the week’s top MJ business news. What’s the role of expanded marijuana research in federal reform? With strong bipartisan support, lawmakers and […]

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Analyst: Most Canadian marijuana firms not ready for next wave of products

The majority of Canadian cannabis companies were not ready for the launch of new cannabis products such as edibles, extracts and topicals, despite having more than a year to prepare for the Cannabis 2.0 era, according to an analyst. Only 10 companies had products available when Ontario’s only legal online store started selling the products […]

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Product supply interruptions hit German medical cannabis market, but government dismisses risk of shortages

Supply disruptions are rippling through Germany’s growing medical cannabis market, but the country’s federal government says there are no signs at the moment of widespread product shortages. In response to a recent parliamentary inquiry, the government noted that pharmacies that sell medical cannabis have access to a variety of distributors beyond some companies whose products […]

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Ontario Cannabis Store sells out of edibles within hours

Ontario’s only legal online outlet for adult-use cannabis sold out of edibles within hours of their initial availability Thursday, demonstrating exceptionally strong demand in Canada’s largest market. Newly regulated Cannabis 2.0 products such as chocolates and vapes went on sale online Thursday in Ontario, though the products have been available in the province’s approximately two […]

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Cannabis producer Tilray taps ex-Molson, Revlon employees for executive roles

Tilray announced changes to its executive roles this week, appointing former Molson Coors Brewing Co. and Revlon employees to key positions. The British Columbia cannabis producer said Chief Financial Officer Mark Castaneda – on the job for almost two years – would shift to strategic business development. Replacing him as CFO is Michael Kruteck, who […]

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Ontario offers no new details on cannabis retail expansion, will allow ‘click-and-collect’ sales

Ontario Premier Doug Ford’s government announced some new cannabis plans Wednesday. Ontario’s government is still not releasing key details on when it will significantly expand the number of adult-use cannabis stores, while a new analysis suggests the slow rollout of storefronts has already cost the province’s fledgling industry about 325 million Canadian dollars ($246 million) […]

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