Asia

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Asian
Thu
14
Jun

Cannabis may be illegal there. but smoking paraphernalia is big business in India

Cannabis use is illegal in India, but that hasn't stopped a booming business from being built around it. Smoking paraphernalia commands a market estimated at over $66 million, writes Calvin Hughes. 

In 2014, two young entrepreneurs, Kunaal Kapoor and Nikunj Ahuja, started selling playfully decorated roach tips under the name SlimJim. Their company now sells over 50 kinds of cannabis accessories including papers, bongs and even cannabis seeds.

Tue
12
Jun

Israeli cannabis activist chugs entire bottle of CBD oil to prove a point

Things got wild in the Knesset recently. During a committee discussion on changes to Israel’s medical cannabis rules, an impassioned Israeli cannabis activist chugged an entire bottle of cannabis oil, according to the Jerusalem Post.

“I have cannabis medical oil that contains 30% THC,” he said. “You say it’s a dangerous drug, what will happen to me if I consume it?”

Mon
04
Jun

Researchers in Lebanon hope to study medical benefits of cannabis

Lebanon is one of the world’s top illegal weed producers. Now, one of its major universities will be studying medical marijuana.

The Lebanese American University will be the first university in Lebanon to study medical marijuana. This week, the university president announced the foundation of the Medicinal Cannabis Research Center. Joseph G. Jabbra put forth big plans for medical marijuana research and de-stigmatization, suggesting it could bolster the national economy. Here’s a look at the university’s plans, and why Lebanese marijuana may be some of the best in the world.

The Unique Benefits of Lebanese Hash

Fri
01
Jun

Australian brand launches first Japanese medicinal cannabis campaign

Australian medicinal cannabis company Elixinol has launched Japan’s first campaign advertising their products following a long-fought battle with regulators.

The ASX listed company has become the first to gain approval for a billboard advertising cannabidiol hemp oil – commonly known as CBD – in the country where medical marijuana has faced a fierce backlash by lawmakers.

Although CBD was legalised in November 2016, brands have so far struggled to gain approval to market their products, Elixinol Japan’s boss said in a statement.

Wed
16
May

Canada’s marijuana industry looks abroad for growth

Countries like Spain, Italy, and Colombia are likely the next growth opportunities for Canadian cannabis companies after a flurry of consolidation at home.

The marijuana industry saw its largest deal to date on Monday with Aurora Cannabis Inc. agreeing to acquire MedReleaf Corp. for $2.9 billion ($2.27 billion U.S.). That followed Edmonton, Alberta-based Aurora’s deal to buy CanniMed Therapeutics Inc. in January for roughly $1 billion and several smaller deals.

Thu
03
May

Is Israeli cannabis a bubble waiting to burst?

Despite Israel's pioneering role in medical marijuana, its cannabis market now faces uncertainty as canna-business stocks and pot exports encounter government scrutiny.

Though cannabis might be all the buzz these days — especially in Israel, where the government has allowed research on medical marijuana since the 1960s — Israeli authorities are exercising a great deal of caution when it comes to including cannabis businesses on the national stock exchange.

Mon
23
Apr

Israel's Super-Pharm chain begins selling medical cannabis

Medical cannabis supplier BOL's products at Super-Pharm will be priced at NIS 120-140 per 10 grams.

Israeli pharmacy chain Super-Pharm today began selling medical cannabis at 25 branches. BOL Pharma will be Super-Pharm's main supplier and the pharmacy chain plans to expand its medical cannabis sales to 50 branches..

Up until now, medical cannabis was available only at the Abarbanel Mental Health Center and special stores belonging to the Tikun Olam supplier in Tel Aviv.

Wed
18
Apr

If the United Nations reclassifies cannabis, will the United States follow?

The FDA is looking for public input on pot to report back to the UN’s World Health Organization.

With the United Nations’ World Health Organization (WHO) launching a reevaluation of cannabis' international scheduling, member nations — including the United States — are reaching out to their own constituencies for public comment.

Wed
18
Apr

Medical marijuana will arrive in Israeli pharmacies in time for 4/20

Select Israeli pharmacies will begin selling medical marijuana... on April 20, of course.

Instead of teenagers smoking after school at 4:20 p.m. or activists waiting until April 20 (4/20 by American date notation), nearly two dozen Israeli pharmacies will start selling medical marijuana on that date this Friday – known worldwide as a day on which advocates for legalization light up in public. As part of a pilot program, 21 Super-Pharm outlets plan to sell medical cannabis oil in cities throughout the country, with the exception of Tel Aviv and Eilat.

Two other private pharmacies plan to participate but are not expected to start selling this week, while the four Israeli health fund pharmacies are not interested in providing medical marijuana – for now.

Tue
03
Apr

TASE investors get high on Israel's cannabis stocks

It is unclear whether medical cannabis exports will be permitted, but share prices of companies in the industry are soaring.

The medical cannabis market in Israel is undergoing a period of uncertainty. The big question now is whether exports of cannabis products from Israel will be allowed, and if so, when.

Despite the uncertainty in the sector, shares in cannabis companies have overtaken cryptocurrencies as the latest hot market shakers on the TASE.

Cannabis share prices soared by triple-digit percentages over the past week, and trading in them is currently very volatile. Is this a bubble? This will become known only at a later stage, but there is no doubt that the cannabis market is behaving like an investment fashion.

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