JERUSALEM (Reuters) – Israel’s Medivie Therapeutic said on Sunday it signed a $110 million deal to grow and export medical cannabis to an international financial investor over a four year period. The deal is dependent on Israel allowing export of …
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Pot Pharm: Booming Canada weed sector plots next-wave medicines
TORONTO (Reuters) – Canopy Growth Corp, one of the world’s biggest medical marijuana producers, now wants to take on the world’s pharmaceutical giants. The Canadian firm launched Canopy Health Innovation in late 2016 to build a portfolio of patented and …
Read More »Auto crash deaths multiply after April 20 cannabis parties
(Reuters Health) – U.S. traffic fatalities rise dramatically on the day pot smokers celebrate as “Weed Day.” In the quarter-century since High Times magazine proclaimed April 20 a time to light up and smoke marijuana, traffic fatalities have spiked 12 …
Read More »Canada regulator repeats call for weed firms to disclose U.S. risks
TORONTO (Reuters) – Canadian regulators on Thursday reiterated their call for listed cannabis producers with U.S. businesses to clearly disclose risks of operating there, and warned of potential punishment if U.S. federal anti-marijuana laws are more strictly enforced. The Canadian …
Read More »France to fight cannabis use with spot fines
PARIS (Reuters) – Cannabis users will soon face on-the-spot fines in France, where teenage use of the drug is among the highest in Europe, French Interior Minister Gerard Collomb said on Thursday. Collomb said legislation would be presented to parliament …
Read More »Massachusetts federal prosecutor: opioids, not pot, are priority
BOSTON (Reuters) – Massachusetts’ new federal prosecutor said on Wednesday he will not rule out prosecuting marijuana businesses in a state that has legalized the drug, but stressed that his focus is on the opioid epidemic. “The No. 1 enforcement …
Read More »Massachusetts federal prosecutor says opioids top pot as priority
BOSTON (Reuters) – Massachusetts’ new federal prosecutor on Wednesday said that he will not rule out prosecuting marijuana businesses in a state that has legalized the drug, but that his focus was on the opioid epidemic. “The No. 1 enforcement …
Read More »Vermont becomes ninth U.S. state to legalize marijuana
(Reuters) – Vermont became the ninth U.S. state and third in the Northeast to legalize recreational marijuana use on Monday when Republican Governor Phil Scott signed a bill passed by the legislature earlier this month. The law legalizes possession of …
Read More »Canada’s Aurora to sell medical marijuana to Italy
(Reuters) – Canada’s Aurora Cannabis Inc said on Thursday its German unit Pedanios won a contract to supply medical marijuana to the Italian market. Aurora, Canada’s second largest pot producer, will export medical cannabis into Germany through Pedanios, which will …
Read More »For now, Australia’s plans for cannabis market dominance are more smoke than fire
SYDNEY (Reuters) – When Australia said this month it would allow exports of medicinal cannabis in a bid to dominate a global market set to be worth $55 billion by 2025, investors scrambled to buy shares in marijuana companies – …
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