North American cannabis firms, facing prohibitive laws, an overcrowded market and a deeply entrenched illicit sector at home are ramping up investments in Germany after the country partly legalized marijuana use.
Tag Archives cannabis
US, Canadian pot firms eye Germany for growth as market stagnates at home
Hemp sector disappointed new report ignores deregulation
Leaders in Canada’s hemp industry were hoping an expert committee would recommend significant changes to hemp regulations so it could be treated the same as wheat, canola and other crops. That didn’t happen. Instead, the committee of experts reviewing the Cannabis Act barely mentioned hemp in its 91 page report published March 21.
Canopy Growth sheds California facility amid liquidity worries
Cannabis producer aims to rein in costs
Reuters — Canadian pot producer Canopy Growth said on Thursday it has completed the sale of its facility at Modesto, California as part of its divestitures to raise funding amid […] Read more
Interest-free cash advances get extra lift in federal budget
Fertilizer diversification, solids non-fat processing also up for funding
Federal Finance Minister Chrystia Freeland’s latest budget envelope for Canadian farmers up against rising costs of production includes a temporary boost to the interest-free portion of cash advances. Freeland’s 2023 […] Read more
U.S. FDA reported weighing CBD regulation in food, supplements
Reuters — The U.S. Food and Drug Administration (FDA) is planning to make recommendations on how to regulate the use of popular cannabis compound CBD in food and supplements, the […] Read more
Biden overhauling U.S. marijuana policy
Prior federal offenses to be pardoned; moves could ease U.S. business for cannabis firms
Washington | Reuters — U.S. President Joe Biden took steps to overhaul U.S. policy on marijuana on Thursday by pardoning thousands of people with federal offenses for simple marijuana possession […] Read more
Pot producer Canopy Growth to shed retail stores
Company working on 'path to profitability'
In full cost-cutting mode, Canadian cannabis producer Canopy Growth Corp. is set to shed a significant chunk of its vertical integration model by selling off the retail pot shops it […] Read more
Canada to review impact of cannabis legalization four years on
Review will also look at regulatory challenges in pot sector
Ottawa | Reuters — Canada on Thursday launched a review of the country’s legalization of recreational cannabis use four years ago to evaluate its impact on youth, Indigenous minorities and […] Read more
Aurora buys control of major B.C. hothouse veg firm
Bevo Farms to take over Aurora Sky cannabis production site
A major player in B.C.’s greenhouse vegetable sector is about to expand its operations into an Alberta cannabis grow facility — backed by a major investment from the plant’s owner. […] Read more
Weed failing in the face of demand
Production challenges and overexpansion means some large cannabis companies face financial reckoning
Forget waterhemp – cannabis might be Canada’s fastest spreading weed. Since legalization in October of 2018, cannabis production in Ontario and across the country has exploded. From oils and edibles […] Read more