Asia & Oceania Cannabis Industry & Marijuana Business News

Australian capital legalizes recreational marijuana

Australia’s capital is the first part of the country to legalize recreational marijuana for personal use. The Australian Capital Territory Legislative Assembly voted on Wednesday to legalize possession by adults of up to 50 grams (1.8 ounces) of dried marijuana and cultivation of two marijuana plants beginning Jan. 31. The assembly is the local government […]

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Proposed overhaul of Australia’s medical cannabis framework ‘far too slow,’ industry officials say

Executives welcomed recommendations to improve the framework governing Australia’s medical cannabis scheme as a potential breakthrough, but some said the expected implementation of the proposals is “far too slow” for a sector in need of regulatory improvement today. The recommendations – made in a government-commissioned report authored by John McMillan, law professor at Australian National University in […]

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Germany gets first cannabis samples from Australia, commercial import from Portugal

It’s a big week for Germany’s medical marijuana market, which received its first cannabis imports from Australia and Portugal. Frankfurt-based Cansativa took delivery of medical cannabis oils for testing purposes from Western Australia-based Little Green Pharma. Cannamedical Pharma of Cologne received a shipment of commercial medical cannabis from an unidentified Portugal company. However, Tilray Portgual announced […]

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New Zealand’s marijuana legalization referendum picks up major backer

Former New Zealand Prime Minister Helen Clark is supporting the nation’s binding 2020 referendum on ending cannabis prohibition. In an opinion piece published in the United Kingdom’s Guardian newspaper titled “Cannabis prohibition doesn’t work anywhere; It’s New Zealand’s turn to legalize it,” Clark urged voters to make New Zealand the first Group of 20 nation […]

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MJBizDaily awards deadline is Saturday for cannabis leaders

The deadline for submitting nominations for Marijuana Business Daily’s inaugural MJBizDaily Awards is Saturday. The awards, which will be held during MJBizCon Week (Dec. 7-13) in Las Vegas, will recognize the top companies, individuals and organizations participating in the global cannabis industry. The MJBizDaily editorial staff will choose the winners in the awards categories that cover different […]

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Guam clarifies adult-use marijuana rules ahead of new industry regulations

Guam, a U.S. territory, reminded businesses and consumers that recreational cannabis sales remain prohibited until the new rules to govern the industry are completed.  The Western Pacific island approved the creation of an adult-use cannabis market earlier this year.  The Cannabis Control Board has until April 2020 to finalize a set of rules and regulations […]

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South Korean medical cannabinoid imports surpass 300 units since law passed

South Korea saw just over 300 approved imports of cannabinoid-based medicines in the first few months of the country’s newly regulated medical cannabis program, a volume that underwhelmed local experts who expected demand to be much higher. Almost all the medical cannabis prescriptions were for pure CBD oil. Through July 19, exactly 300 prescriptions had been […]

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Cannabis the most widely used drug globally, UN World Drug Report says 

Marijuana was the most widely used drug around the world in 2017, with an estimated 188 million consumers that year, according to a new report from the United Nations. The 2019 World Drug Report provides an overview of the international supply and demand of cannabis, as well as other drugs. The data also underlines the […]

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Billionaire-backed Chinese firm plans Asia’s first e-commerce CBD platform

A company backed by United Kingdom billionaire Jim Mellon and Nuuvera co-founder Lorne Abony plans to establish what they say will be Asia’s first e-commerce platform focusing on CBD-infused products. The pair are part of a group of investors in Hong Kong-headquartered Regent Pacific that is closing in on a $15 million all-stock takeover of […]

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