Europe Cannabis Industry & Marijuana Business News

IL gov touts adult-use marijuana plan, FL dispensary cap lawsuits, Euro MJ conference & more

Illinois Gov. J.B. Pritzker unveils a blueprint for recreational marijuana, lawsuits crop up in Florida around the state’s dispensary caps, a conference in Denmark highlights the growing international MJ space – plus other important news from around the cannabis industry. Recreational marijuana plan for Land of Lincoln The governor of Illinois revealed a plan to legalize […]

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Netherlands prepares legal recreational cannabis cultivation experiment

The Netherlands is laying the groundwork to become the first country in Europe to allow commercial production of adult-use marijuana – although initially the program would be considered an experiment. Under the Dutch plan, a limited number of companies would be allowed to legally grow marijuana to supply coffee shops in the country that would, […]

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5 key takeaways from MJBizDaily’s European Cannabis Symposium

With Europe fast becoming a cornerstone in the global medical marijuana industry, business leaders from dozens of countries descended on Copenhagen to discuss emerging opportunities in the burgeoning market. Capital markets, partnerships and more were on the docket Monday at Marijuana Business Daily’s inaugural European Cannabis Symposium in Denmark, one of the countries leading the medical […]

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Epidiolex, Sativex maker GW Pharmaceuticals reports Q1 revenue, loss improvement

United Kingdom-based GW Pharmaceuticals showed revenue of $39.2 million for the quarter ended March 31, 2019, compared with $3 million in the same period a year ago. The maker of cannabis-derived medications, including Sativex and Epidiolex, recorded a net loss for the quarter of $50.1 million compared with a year-ago net loss of $69.5 million. […]

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Danish medical cannabis market sees significant growth in first year

The number of patients who received medical cannabis prescriptions in Denmark more than tripled in the initial year of the country’s program, exceeding expectations of executives in the country. However, more needs to be done to lower prices, expand product selection and further improve access, the executives said. Prescriptions of medical cannabis products in Denmark […]

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Canopy acquires German cannabis company C3 for $253 million

Canadian marijuana giant Canopy Growth has acquired Germany-based C3 Cannabinoid Compound Company from Bionorica in an all-cash deal for 226 million euros ($253 million). The deal is one of the largest cannabis acquisitions in the European market to date. C3 generated revenue of $30 million in 2018 from five products, according to a news release. The subsidiary […]

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Head of marijuana advocacy group Americans for Safe Access stepping down

Steph Sherer, who founded the medical marijuana advocacy organization Americans for Safe Access in 2002 and ran it ever since as executive director, is stepping down to pursue a new cannabis career in Europe – becoming the latest high-profile MJ reformer to exit their posts. Sherer plans to split her time between Washington DC and […]

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