By Dr Sebastian Marincolo, Director of Strategic Content & Editorial, Weed.de Canadian cannabis company Organigram Global has agreed to acquire Berlin’s Sanity Group for up to 227 million euros, financed in large part by a roughly 65 million Canadian dollar capital injection from its largest shareholder, British American Tobacco (BAT).
Nearly 80% of Canadian’s now source their cannabis solely from the legal market, marking a stark shift away from the illicit market seven years after legalisation.
Since April 01 2024, hundreds of millions of Euros have been invested into the German medical cannabis sector, hundreds of thousands of criminal proceedings have been avoided, and millions of citizens have enjoyed free and legal access to cannabis for the first time.
Last week, Health Canada published a series of proposals for regulatory changes to its federal cannabis programme as part of its ongoing review of its landmark policy.
Today, the Canadian government published the final report on its review of the Cannabis Act, which saw it become the ‘first major developed country to legalize and regulate cannabis’ in 2018.
Germany’s landmark Cannabis Act (CanG), which would establish an adult-use cannabis framework in the European Union’s most populous country, has been pushed back by a number of months.
This Nov 3rd, join us for the third edition of Business of Cannabis: New York at The Williamsburg Hotel.
New York regulators raid unlicensed marijuana stores, enact new rules In fresh efforts to clamp down on New York’s 1400 unlicensed cannabis operators, a new ‘multiagency enforcement effort’ has been launched.
Citing high excise taxes as a major pain point, Tantalus CEO Dan Sutton delivered a crushing reality check to those following the industry.
