Europe Cannabis Industry & Marijuana Business News

Germany authorizes medical cannabis shipments from Latin America for testing, paving way for future opportunities

The first cannabis shipments from Latin America to Europe have been approved, a move that could lay the groundwork for future business opportunities between the two regions. Cansativa GmbH, a German importer of medical cannabis that currently sources product only from the Netherlands, received a one-time authorization to import samples from Latin America exclusively for […]

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On deck in Denmark – cultivation and export: Q&A with Cannabis Denmark CEO Rikke Jakobsen

Danish and international companies are opening their wallets to make Denmark a cultivation and research hub in Europe, putting the country in direct competition with lower-cost jurisdictions such as Israel, Greece, Malta and Portugal. And with the first year of Denmark’s medical cannabis trial program in the books, industry sources say the country is on […]

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Aurora Cannabis exec: ‘Having a major presence in US is nonnegotiable’

Aurora Cannabis is vowing to not be a spectator as rival Canopy Growth continues to plow hundreds of millions of dollars into high-growth U.S. CBD and medical marijuana markets. Aurora CCO Cam Battley told Jefferies analyst Owen Bennett that the Alberta company is closely watching developments in the United States. “Having a major presence in […]

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Sale of locally grown cannabis, exports in Denmark expected as soon as summer

Five companies in Denmark have applied for licenses to sell and export medical cannabis so far, putting the country on track to see its first cross-border shipment to key European Union markets as early as late summer. Authorization to sell medical cannabis products cultivated and produced in Denmark is going to be key to lowering […]

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Luxembourg’s medical cannabis program continues rapid implementation

Luxembourg’s medical marijuana program – approved in June 2018 – continues its fast-paced implementation, as 250 doctors have already completed the required training to prescribe the product. Roughly two-thirds of those doctors are generalists. Minister of Health Etienne Schneider provided the update in response to a parliamentary question from Martine Hansen, a member of Parliament […]

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Aphria, Wayland face challenge over German marijuana cultivation contracts

Germany’s efforts to get domestic medical cannabis cultivation up and running took another step forward Wednesday, as the German Federal Institute for Drugs and Medical Devices (BfArM) confirmed the winners of nine of the 13 available lots for the first round. Four of the lots – granted to Aphria and Demecan in the preliminary results – were […]

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Cannabis M&A fever spreading to Europe with HolyWeed deal

Toronto-based marijuana company MPX International has agreed to purchase all outstanding shares of Swiss CBD maker HolyWorld SA in an all-stock transaction worth 13 million Canadian dollars ($10 million). HolyWorld does business as HolyWeed. The move is part of a trend seen in Canada where companies are looking internationally for strategic acquisitions to tap growth as […]

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Swedish state-owned pension fund invests in Aurora Cannabis, Canopy

A Swedish state-owned pension fund has invested in cannabis companies for the first time. More government-run pension funds are dipping into large-cap cannabis stocks, a sign that such investments are going more mainstream. Canada’s Public Sector Pension Investment Board recently boosted its stake in Ontario’s Canopy Growth and took positions in three more multinational Canadian […]

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New report gives ‘realistic’ snapshot of European cannabis markets

For entrepreneurs and investors interested in European medical cannabis markets, a new report from Marijuana Business Daily provides a realistic snapshot of current opportunities and how future demand could evolve. The report – “Medical Cannabis in Europe: The Markets & Opportunities” – was written by MJBizDaily‘s international analyst, Alfredo Pascual. For businesses to make forecasts […]

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