Thailand considering steps to become ‘medical marijuana hub’

A proposed revision to Thailand’s notoriously strict narcotics law would ultimately permit the cultivation and use of medical cannabis across the Asian country. The draft text – completed in late 2017 and currently under review by the Office of the Council of State – would have to be sent to the nation’s Cabinet for approval. […]

Thailand considering steps to become ‘medical marijuana hub’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


US retailer, Canadian LPs among groups tapped to sell cannabis in Manitoba

The province of Manitoba has tentatively accepted proposals from four applicants to sell recreational cannabis in the province, paving the way for possibly hundreds of stores in the coming years. In the coming weeks, the Manitoba government will continue to work with the four to determine the number and locations of the stores that will operate. […]

US retailer, Canadian LPs among groups tapped to sell cannabis in Manitoba is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Major Canadian insurance company adds medical marijuana coverage

One of the largest insurance companies in the world is including medical cannabis as an option on its Canadian group plans. Starting next month, according to Sun Life Financial, companies can add medical cannabis to group health plans as optional coverage. The Toronto-based company provides group health benefits to more than 3 million Canadian employees […]

Major Canadian insurance company adds medical marijuana coverage is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Toronto craft brewer, MedReleaf team up for ‘cannabis-inspired beer’

A Toronto craft brewer has partnered with one of the largest medical cannabis companies in Canada to create a “cannabis-inspired beer” in a project that could be the start of cross-industry collaboration on product development and branding in the nation. It’s the first time a Canadian licensed cannabis producer has worked with a local craft […]

Toronto craft brewer, MedReleaf team up for ‘cannabis-inspired beer’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Ontario set to lay out how it will procure marijuana for recreational sales

Licensed marijuana producers from across Canada are scheduled to sit down next week with Ontario government representatives to learn how they can get their products in provincial-owned MJ stores. With adult-use legalization in Canada looming this summer, Ontario will be the largest market to start securing cannabis. At Tuesday’s meeting, the Ontario Cannabis Retail Corporation […]

Ontario set to lay out how it will procure marijuana for recreational sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Quebec selects MedReleaf as recreational cannabis supplier

Quebec has entered into a multiyear agreement with at least one licensed producer to lock up marijuana supply for the province’s retail and online recreational stores, according to a regulatory filing released Tuesday. Ontario-based MedReleaf disclosed it has signed a letter of intent with Société des alcools du Quebec (SAQ) to supply 8,000 kilograms of […]

Quebec selects MedReleaf as recreational cannabis supplier is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


New disclosure rules open door to fresh funding, M&A for Canadian cannabis companies in US

The flow of financing and acquisitions involving cross-border marijuana companies is expected to pick up after new risk-disclosure rules were unveiled last week that provide greater clarity for Canadian companies with U.S. operations, said analysts and executives. The updated requirements from the Canadian Securities Administrators (CSA) were anticipated after the regulatory group said in January it would […]

New disclosure rules open door to fresh funding, M&A for Canadian cannabis companies in US is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Ontario marijuana monopoly picks Shopify to process sales

Ontario’s government-run provincial cannabis retailer will use Shopify’s online platform to process recreational marijuana sales online and in brick-and-mortar stores. Shopify is an e-commerce company based in Ontario. It is traded on the Toronto Stock Exchange under the symbol SHOP. Shopify’s software will be used by the Ontario Cannabis Retail Corp., a subsidiary of the […]

Ontario marijuana monopoly picks Shopify to process sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Study looks to untangle ‘fundamentally confusing’ cannabis financial statements

A first-of-its-kind study focusing on the marijuana industry raises questions about financial reporting and accounting practices in the marijuana industry. The study looks to untangle certain aspects of the financial reporting process “that are fundamentally confusing to a retail investor,” making it hard to identify good companies, said Michael Miller, co-author and director of finance […]

Study looks to untangle ‘fundamentally confusing’ cannabis financial statements is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs