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Deadline to apply for German cannabis distribution contract extended yet again

June 5th, 2020The deadline to apply to be the distribution service provider for Germany’s domestically produced medical cannabis has been extended again. Now companies are able to submit applications until June 23. The original deadline was April 28. That was first extended to May 26 and then to June 9. Applicants’ offers must now be binding until […]

Competition grows in Germany’s medical cannabis extracts market

June 5th, 2020Canadian cannabis producer Tilray announced the availability of a new full-spectrum extract for Germany’s medical market, the company’s first product in that market offering a larger CBD concentration than THC. The product has 5 milligrams of THC per millilitre and 20 milligrams of CBD per millilitre. Tilray’s announcement didn’t disclose the size of the bottle. […]

Canada’s haul from cannabis tax reaches CA$32 million

June 4th, 2020The federal portion of Canada’s cannabis excise duty amounted to 32 million Canadian dollars ($23.7 million) from April 2019 through March 2020, according to new figures from the country’s finance department. Although the cannabis tax revenue represents only a tiny fraction of the Canadian government’s total revenues for the period (CA$334.3 billion), it illustrates growth […]

Iowa lawmakers boost THC cap; medical cannabis sales might increase

June 4th, 2020The Iowa Legislature passed a medical cannabis bill that would increase the THC cap, which could boost sales in the heavily regulated, roughly $5 million-a-year market. The provision is a weaker version of a measure that Republican Gov. Kim Reynolds vetoed last year. Senate Majority Leader Jack Whitver, a Republican, indicated he expects Reynolds to […]

Considering offering marijuana delivery? A pro offers some tips

June 4th, 2020Cannabis sales through deliveries are a growing share of the overall marijuana market, a trend that has been accelerated by the COVID-19 crisis. Expect deliveries to remain popular in the near term as coronavirus fears linger but also in the long term as regulators learn that deliveries can be handled safely and are a necessity […]

California looting spurs regulators to remove online cannabis licensing info

June 4th, 2020In response to recent looting of California cannabis retailers, at least two of the three agencies that oversee the state’s marijuana industry have removed from public view their online databases containing business information. California looting spurs regulators to remove online cannabis licensing info is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news […]

Modular Wiped Film Distillation Unit

June 4th, 2020This is a paid post. Contact sales@mjbizdaily.com for more information. Modular Wiped Film Distillation Unit Easy expansion and scalability to minimize downtime and maximize production. Grass Valley, CA: TruSteel today announced the EVO-6 Series, a new wiped film distillation unit. The EVO Series brings a revolutionary modular design for a rapidly scaling botanical and pharmaceutical extraction industry. […]

Cannabis industry assets for minority business opportunities, social equity

June 3rd, 2020Like protesters around the U.S. who seek to address issues raised by the death of George Floyd and other instances of police violence, the cannabis industry has taken action to promote social equity and business opportunities in the sector. Below, Marijuana Business Daily offers a sampling of organizations and efforts that support, foster and enhance […]

Clever Leaves seeks Nasdaq listing via merger with SAMA

June 3rd, 2020Clever Leaves could become the first medical cannabis company with its main operations in Colombia to list on the Nasdaq stock market. The company said that it entered into a nonbinding letter of intent (LOI) to combine its business with Schultze Special Purpose Acquisition Corp. (SAMA). The two parties are aiming to sign a definitive […]

Trichome Financial gets court approval to acquire James E. Wagner

June 3rd, 2020Toronto-based cannabis sector financier Trichome Financial Corp. received court approval to complete its acquisition of troubled Ontario marijuana grower James E. Wagner Cultivation Corp. (JWC). JWC entered creditor protection in April. Trichome, which had a debtor-in-possession loan deal with JWC, announced its successful stalking horse bid for the company in May. The total value of […]

Uruguay sends another record-breaking shipment of cannabis flower to Europe

June 3rd, 2020Uruguay-based Fotmer Life Sciences exported another large shipment of medical cannabis to Portugal in May – this one totaling almost 1.5 metric tons (3,307 pounds), according to Uruguayan customs documents viewed by Marijuana Business Daily. The overseas shipment comes about six months after Fotmer sent 1 metric ton of high-THC cannabis flower to Portugal. The […]

Connecticut adds chronic pain to medical marijuana qualifying list

June 3rd, 2020It took eight months, but Connecticut lawmakers have added chronic pain as a qualifying condition to use medical cannabis, which could significantly boost the state’s growing, $100 million-plus market. The bipartisan legislative panel, according to the Connecticut Post, also agreed with a state Board of Physicians recommendation in late September 2019 to add Ehlers-Danlos syndrome. […]