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Wed
04
Jul

Israeli medical cannabis grower to shift to EU amid red tape

Recently incorporated medical-cannabis grower Together Pharma is moving some of its greenhouses to the EU amid Israeli red tape that is threatening to strangle the budding industry.

Together Pharma announced on Sunday that it signed a memorandum of understanding (MOU) with an unnamed European Union country to set up a 30,000 sq.m. greenhouse.

Be the first to know – The government reportedly told medical marijuana companies that their cannabis exports would be approved by 2018, according to industry employees. That persuaded the companies to embark on multi-million-shekel investments, some of which could now be in jeopardy.

Mon
02
Jul

Israel's cannabis market shrouded in uncertainty

Restrictions on foreign investors and the government's reluctance to approve exports are inhibiting growth in Israel's medical cannabis sector.

The frenetic activity of Israeli investors in both private and stock exchange investments in the growing and marketing of cannabis has diverted attention from the absence of foreign investors in the sector, although foreign investors do not lack interest in it.

Thu
14
Jun

Israel’s infant cannabis industry at risk as government waffles on allowing exports

Businesses say they will set up shop elsewhere if they can’t sell their product in Israel.

Attorney Hagit Weinstock sits in her Tel Aviv office amid piles of documents that have been a source of persistent frustration for her and her clients. “Here is a letter from the president of Uganda saying he wants to enter into a cooperative agreement with us. Here’s a letter from an American company that wants to invest with us,” she said.

The source of her frustration is the feeling that the entire world cannabis industry is knocking on her door with an open wallet and the only reason she can’t answer is that Israel’s government has been unable to make a decision on whether to permit exports of medical marijuana.

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.

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