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Australian Market Opens Up To Clever Leaves With GMP Certification For Cannabis Manufacturing

By Jelena Martinovic
January 3, 11:04 AM
Colombian medical cannabis company Clever Leaves has been granted Good Manufacturing Practice (GMP) certification by the Australian Therapeutic Goods Administration (TGA). The certification allows Clever Leaves to manufacture cannabis products for patients in Australia. GMP certification ensures the quality and safety of pharmaceutical products by safeguarding against issues such as contamination, compound variations, product mix-ups, and incorrect labelling. The certification is a prerequisite for manufacturing and commercialising cannabis products in the Australian market. According to TGA data, 325,000 new Australian patients commenced cannabis treatment in the first half of 2023, with 320,000 new patients in 2022 and 150,000 in 2021. Clever Leaves already distributes finished cannabis products in Australia through its partners.

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Multi-Banner Cannabis Retailer’s Q3 Revenue Slumps Over 42% YoY But CEO Remains Optimistic

By Jelena Martinovic
January 3, 10:22 AM
Shiny Health & Wellness Corp. has reported a decrease in sales to CA$ 4.3 million ($3.2m million) for the three months ending October 31, 2023, down from CA$ 7.46m the previous financial year. The decline was attributed to market trends in the Ontario cannabis retail sector throughout the period, the pharmaceutical company said. Shiny Health also closed underperforming adult-use cannabis dispensaries and sold a number of larger stores. The Toronto-based firm recently inked an agreement with Karan S. Holla for his chain of 10 adult-use cannabis retail outlets, Stash & Co. CEO Meris Kott said Shiny Health was gradually building its brand presence in Ontario. The pharma company revealed that it made a CA$ 6m net loss for the quarter, an uptick from the CA$ 1.75m loss in the corresponding period the year before.

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Canada-Grown Cannabis Now Available In UK As Analysts’ Top Canadian LP Makes Breakthrough

By Jelena Martinovic
January 3, 10:18 AM
Canadian cannabis company Village Farms International has announced the launch of two leading cannabis brands, Pure Sunfarms and The Original Fraser Valley Weed Co., in the UK. The products will be distributed by 4C LABS, a UK medical cannabis company. The launch includes three of Village Farms' most popular strains in Canada – Pink Kush, Jet Fuel Gelato and D. Burger. This move allows the company to expand in global medical cannabis markets including Germany, Australia and Israel.

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Marijuana Regulatory Challenges, Social Equity And The Cannabis Landscape In New York And New Jersey

By Joana Scopel
January 2, 9:14 PM
In the ever-changing landscape of cannabis legalization, recent advancements in New York and New Jersey underscore the intricate interplay between regulatory decisions and social equity initiatives, charting the course for the future of the marijuana industry.

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Ontario Doubles Retail Weed Cap, More US States Eye Joining Cannabis Legalization Wave

By Jelena Martinovic
January 2, 3:58 PM
Ontario government has made changes to Ontario Regulation 468/18 under the Cannabis Licence Act of 2018, allowing cannabis retailers in the province to operate a maximum of 150 stores. In the meantime, South Dakotans for Better Marijuana Laws (SDBML) recently had their circulator handout approved by the secretary of state's office. In Nebraska, cannabis activists are tireless in their effort to amend cannabis law. Nebraskans for Medical Marijuana's volunteers collecting signatures to place their ballot cannabis initiative before voters this November recently reported having gathered roughly 50,000 thus far.

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Setback Strikes Alabama’s Medical Cannabis Industry, Licenses On Hold Yet Again

By Jelena Martinovic
January 2, 12:33 PM
The issuance of licenses for medical cannabis businesses in Alabama has been temporarily halted by a judge. Montgomery Circuit Judge James Anderson issued a temporary restraining order on Thursday, preventing the Alabama Medical Cannabis Commission (AMCC) from granting licenses for dispensaries. The order followed a legal battle brought by a group of medical cannabis operators against the AMCC. The operators accused the commission of procedural violations and failing to follow its own grading and ranking guidelines when awarding licenses. The AMCC had previously granted 20 licenses for the production and distribution of medical marijuana on 1 December, part of an attempt to establish a medical cannabis industry in the state. However, Anderson's ruling upheld a request by Yellowhammer Medical Dispensaries to halt issuance of licenses in the dispensary category.

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