New Zealand

Mon
20
May

Canadian company invests millions in Kiwi research to improve cannabis crops

The world's largest grower and supplier of medicinal cannabis has invested more than $2 million in a small Kiwi agri-tech company.

Canadian company Canopy Rivers' investment of US$1.5m (NZ$2.2m) in BioLumic is for the development of UV treatments that improve the performance and yield of cannabis crops.

Palmerston North-based BioLumic's chief executive Warren Bebb said it was satisfying to see more global companies choose to invest in the "world-leading" company. 

"New Zealand agri-tech companies are starting to make a mark globally... It's a testament to the value of scientific research.

"Given our results with other flowering crops such as lettuce, tomatoes, strawberries and soybeans, medicinal cannabis is a natural fit for our technology," Bebb said.

Thu
16
May

Weed Week: Will Australia fear to tread where NZ steps with cannabis legalisation?

The New Zealand government has drawn the outline of the kind of recreational marijuana use it wants to see, including an age limit of 20 and regulation on how potent legal cannabis products will be allowed to be.

Interestingly, it includes a focus on making cannabis a health issue by noting that an increase in investment in health and social services will be required from any tax placed on pot products.

In Australia, constitutionally, adult use or recreational cannabis is a state — not a federal — prerogative, so it could be a state that moves first on this issue.

Fri
10
May

New Zealand’s cannabis market may shrink after legalization

Several months ago the Kiwi Parliament passed a law legalizing medical
cannabis, and now they are debating what should be done in regards to recreational cannabis.

The green wave has been growing over the pass few years, and now it has reached some of the most distant places in the world.

New Zealand has had a law that classified cannabis as an illegal drug since 1927, way back when it was known as Indian hemp.

The law was known as the Dangerous Drugs Act, and by passing this law the New Zealand parliament scheduled, among other substances, cannabis, resin collected from it, and all extracts and tinctures made from it.

Tue
07
May

New Zealand to vote on cannabis legalization

New Zealand will hold a referendum on legalizing cannabis during the 2020 general election, the government announced Tuesday.

Justice Minister Andrew Little said the vote would be binding, but it will ultimately be up to the next administration to enact the legislation.

 

What will New Zealanders be voting on? 

Little said voters would be asked "a simple Yes/No question on the bases of a draft piece of legislation." The draft law will include:

Tue
12
Mar

Growing demand - NZ's budding cannabis businesses

Business is booming in Canada and some US states, where cannabis use is no longer an offence. With a binding referendum on whether to legalise for personal use set for 2020, Insight's reporter Teresa Cowie takes a look at what some of the promises, pitfalls and potential for a 'cannabusiness' sector in New Zealand might be.

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Fri
22
Feb

Will New Zealand legalize recreational cannabis in 2020?

New Zealand is set to hold a binding referendum on the topic of cannabis legalization during their 2020 general election, writes Calvin Hughes.

The plan to hold the referendum was made official by New Zealand's Justice Minister Andrew Little back in December. Current support for some form of cannabis legalization (i.e. medical and/or recreational) in New Zealand is estimated to sit at 76 percent. Additionally, the move could prove to be quite lucrative for the NZ government. Economists predict that introducing a legal marijuana market would net NZ$240 million ($164.9 million USD) in tax dollars.

Thu
07
Feb

New Zealand company Cannasouth secures new licenses to import, cultivate and research medicinal cannabis

The Ministry of Health (MOH) has granted new licenses to allow Waikato medicinal cannabis company Cannasouth to import and cultivate a wide range of cannabis cultivars for research purposes. 

These licenses are in addition to Cannasouth’s other MOH-approved license to possess controlled drugs, which allows the company to extract, process, and manufacture cannabis products for scientific research. One of the new licenses allows Cannasouth to import an approved pharmaceutical ingredient (API) from the Netherlands - dried cannabis flower - for research purposes.

Wed
19
Dec

New Zealand to vote on legalizing marijuana in 2020

New Zealand may become the first Asia-Pacific country -- and only the third worldwide -- to legalize marijuana.

Tue
18
Dec

Medsafe investigating claims on cannabis billboard

Helius Therapeutics' billboard in Auckland's Anzac Ave advertises cannabis as medicine.

​Medsafe is "looking into" New Zealand's first cannabis advertising campaign.

The Advertising Standards Authority received several complaints this week after a billboard advertising cannabis as medicine was erected on Auckland's Anzac Ave.

Helius Therapeutics, a licensed medicinal cannabis company, launched the billboards following last week's legalisation of medicinal cannabis manufacture, to "rebrand" cannabis.

Tue
11
Dec

New Zealand passes laws to make medical marijuana widely available

New Zealand’s government has passed a law that will make medical marijuana widely available for thousands of patients over time, after years of campaigning by chronically ill New Zealanders who say the drug is the only thing that eases their pain.

The legislation will also allow terminally ill patients to begin smoking illegal pot immediately without facing the possibility of prosecution.

The health minister, David Clarke, said thousands of New Zealanders were living with chronic and end-of-life pain and the evidence that marijuana could safely help ease their suffering was sound.

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