Tilray signs first deal to supply pot to Europe out of new Portugal facility


Tilray Inc. has signed its first agreement to supply a European Union country with cannabis from its recently opened facility in Portugal, the company announced early Wednesday morning. The freshly inked contract with Cannamedical Pharma GmbH to export $3.3 million worth of cannabis to medical patients in Germany gives Tilray TLRY, +3.45%  access to a country with a population and gross domestic product that are twice the size of its home country, Canada. The deal also marks another step for Tilray and its global ambitions, Chief Executive Brendan Kennedy said in a telephone interview. “Back in September of 2015, I…
Source: 4:20intel.com
Tilray signs first deal to supply pot to Europe out of new Portugal facility

Germany gains new supplier of medical marijuana flower


It’s been an eventful week for German medical cannabis distributor Iuvo Therapeutics. First, the Neuss-based company received its first international shipment of dry cannabis flower from Canada-based TerrAscend. Then, Iuvo Therapeutics announced it was being acquired by London-based cannabis firm Wundr Co. “In the upcoming weeks – and together with our new team from Wundr – Iuvo will continually scale up […] Germany gains new supplier of medical marijuana flower is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Source: MjBizDaily.com
Germany gains new supplier of medical marijuana flower

Luxembourg becoming first EU State to fully legalize cannabis


Luxembourg is to become the first European Union country to fully legalize cannabis. The country’s health minister said within two years, residents aged over 18 will be able to buy marijuana for recreational purposes. A newly-created regulator will oversee production, distribution, and oversight. Officials are drawing up legislation to be unveiled later this year, which will detail the type of cannabis to be supplied and the taxation levels. Tourists beware, it is almost certain that non-residents will be unable to purchase cannabis in Luxembourg, and it is also expected that home-growing will be banned. Punishments for breaking the laws are…
Source: 4:20intel.com
Luxembourg becoming first EU State to fully legalize cannabis

How to become a cannabis entrepreneur in Europe


Although Canada and the U.S. remain the unchallenged leaders of the recreational marijuana business, the European continent is actually in a cannabis frenzy right now. Particularly hot is the non-psychoactive cannabis ingredient cannabidiol (CBD). In the words of Bruce Linton, former CEO of Canopy Growth Corp, “Europe is a big deal.” Nine months ago, I co-founded the cannabis online media outlet Strain Insider. Since then, I have worked with more than 40 Europe-based cannabis startups and attended just about a dozen cannabis events in Europe. Here’s what I learned. There are options beyond touching the plant Many people believe that…
Source: 4:20intel.com
How to become a cannabis entrepreneur in Europe

Approval of public health insurance could boost medical cannabis sales in Czech Republic


The Czech Republic has one of the oldest medical cannabis programs in Europe and was the second country on the continent to authorize a domestic grow – after the Netherlands – yet, after several years, the market has been unable to gain traction. But that situation may be changing. Sales data for 2019 suggest an […] Approval of public health insurance could boost medical cannabis sales in Czech Republic is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Source: MjBizDaily.com
Approval of public health insurance could boost medical cannabis sales in Czech Republic

Europe: How the novel food authorisation is affecting the CBD oil industry


It was announced on January 2019 that the European Food Safety Association, EFSA is about to make a decision in order to classify CBD oil and other CBD products as a novel food. This decision was announced at the Novel Food Commission meeting which was held in Brussels in 2016. This led to a final imminent decision very soon and EFSA considered CBD products as Novel Food. In recent times, there has been tremendous growth in food products available in the market which eventually included Cannabidiol. And, according to reports, it is clear that the European CBD Market is going…
Source: 4:20intel.com
Europe: How the novel food authorisation is affecting the CBD oil industry

Luxembourg’s adult-use marijuana law ‘at least two years out,’ official says


Luxembourg authorities are working on details for the legalization of recreational marijuana, and the legislative process for the program – “inspired by the Canadian model” – could start as early as this fall, Vice Prime Minister and Health Minister Étienne Schneider revealed. However, Schneider also said in an interview with Euronews “it will take at […] Luxembourg’s adult-use marijuana law ‘at least two years out,’ official says is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Source: MjBizDaily.com
Luxembourg’s adult-use marijuana law ‘at least two years out,’ official says

The Cannabis Debate: 63 per cent of Londoners think UK should follow Canada and make drug legal


Londoners overwhelmingly support the legalisation of cannabisfor adult recreational use, according to a poll commissioned by the Evening Standard and the independent think-tank Volteface. Sixty-three per cent of residents in the capital back legalisation and regulation of the class B drug, with just 19 per cent opposing the idea. In the country at large, 47 per cent back legalisation, with 30 per cent against and 23 per cent undecided. The poll, carried out by  Survation at the start of a major Standard investigation into cannabis reform, is the first test of public opinion since medical cannabis was legalised in the UK…
Source: Cannabisnewsworld.com
The Cannabis Debate: 63 per cent of Londoners think UK should follow Canada and make drug legal

Europe's medical cannabis programs: Countries to watch


Read Entire article here. Each member state in the European Union has their own distinct health systems. Combine that with the fact they all have their own laws regarding cannabis cultivation and distribution, the result is a smorgasbord of medical cannabis approaches. By simply comparing the latest news from the four biggest potential markets, we get a glimpse of how complex the European medical cannabis situation is and how varied the level of progress has been across the continent. As for harmonization of medical cannabis laws, the region is a long way off. That is, if things start immediately and…
Source: 4:20intel.com
Europe’s medical cannabis programs: Countries to watch