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Patient Advocate since 1977.


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Banks versus pharmacists – first official extortion in the public drug scene – URUGUAY – by HANF JOURNAL .de

https://hanfjournal.de/2017/08/18/apotheken-in-uruguay-werden-aufgrund-legalen-hanfhandels-von-banken-verschmaeht/

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After moving forward in Uruguay in order to keep the own population of black market traders of illegal substances , unexpected hurdles seem to arise in the first country of the re-legalization of cannabis. The pharmacies in Uruguay are scorned by legitimate hemp trade by banks and have to fear their hitherto maintained money accounts. Either the cannabis sale would be discontinued, or abandoned to the formerly valued customer, it says on the side of the money institutions.

The President of the State Banco de la República, Jorge Polgar, said that no relations with pharmacies would have been accepted which would have received a license for the trade in marijuana . This is to prevent the international isolation of the bank which would actually be possible due to cross-border activities of the domestic financial institutions in the USA. According to international regulations, no accounts should be kept which are connected in any way to drug trafficking. Even if the government in Uruguay does not provide criminal prosecution for the public trade in cannabis – even behind the state’s distribution – the banks of the brave country feel their hands bound to international law.
In the absence of a solution to the surprising tangle mill in Uruguay, many of the twenty approved pharmacies would have to end their trade with the coveted and extremely affordable natural substance . A threatened blocking of his own bank account forced the medication-offering businessmen to the reluctant action, explained a lawyer of the pharmacist settlement of Uruguay.

Banks versus pharmacists – first official blackmail attempts in the public drug milieu!

 

 

 


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Medical marijuana companies in Canada capitalizing on ‘insane’ growth abroad – by Matt Lamers

https://mjbizdaily.com/canadian-medical-marijuana-companies-tap-insane-growth-overseas/

(This is the first article of a four-part series examining how Canadian cannabis companies are expanding globally. Part II will be published Thursday and Parts III and IV on Aug. 15-16.)

By Matt Lamers

Canadian medical cannabis companies are primed to tap what one industry executive calls “insane” growth overseas.

Flush with capital and largely free from American competition, Canadian licensed producers (LPs) are spreading their wings to gain a first-mover advantage in new markets as more countries legalize marijuana for medical use.

Fueling the overseas push is the vast amount of funding the companies have accumulated: During the first half of 2017, Canadian cannabis companies raised more than 1 billion Canadian dollars ($790 million), up more than 1,700% from the same period last year.

“One of the big advantages that Canadian companies have internationally right now is that we have access to capital that companies in no other country can match,” said Cam Battley, a member of the board of Cannabis Canada, the industry association for licensed cannabis producers.

“In addition to our expertise and the credibility of having operated successfully under rigorous government regulation in Canada, we have access to the level of capital required to make significant investments in equity and also in capital projects.”

The potential is significant. A recent analysis by Toronto-based Eight Capital, a full-service investment dealer, pegs the potential international medical cannabis market at CA$180 billion ($142 billion) over the next 15 years.

“We believe the path to global expansion for the LPs starts by partnering through medical-focused opportunities, and that in the longer term, international medical markets could be major upside opportunities,” the report states.

Germany and Australia have been the early focus for nearly a dozen Canadian MMJ companies tapping international markets through exports of flower and oils, licensing arrangements, distribution deals and acquisitions. Others have accumulated interests in South America.

Europe, where about a dozen countries permit sales of MMJ, is the big prize.

Battley said Canadian companies are going overseas to capitalize on their advantage while it exists.

“There are no significant American competitors right now on the international stage, so the best opportunities are open to well-capitalized Canadian producers,” he said.

Vahan Ajamian, an analyst in Beacon Securities’ Toronto office, said Canadian cannabis firms are driven by opportunity overseas rather than competition at home.

“There are all sorts of opportunities in foreign jurisdictions,” he said. “Germany is a hot one. Other countries in Europe are going medical. Mexico legalized medical cannabis. The world is slowly but surely going that way.”

“These are opportunities you’re looking to exploit, because of your size and capability in Canada,” he added.

The race to Germany

After Germany agreed to greatly expand its medical cannabis program earlier this year, a number of Canadian companies quickly established a foothold in Europe’s largest economy.

Germany became the first country to cover the cost of medical cannabis through its national health insurance system for any therapeutic application approved by a doctor.

The country is conducting an application process to select 10 licensed producers to cultivate 200 kilograms (441 pounds) of medical marijuana annually from 2019 to 2022. The 10 licensees could be announced in September, according to industry officials.

Until domestic producers are operational, imports will be needed to meet German demand.

Among the Canadian companies vying for one of the coveted licenses is Vancouver, British Columbia-based Aurora Cannabis, which lists as ACBon the Toronto Stock Exchange.

In May, the licensed MMJ cultivator acquired Germany-based Pedanios, an importer, exporter and distributor of medical cannabis in the European Union. It’s the largest medical cannabis distributor in Germany.

Pedanios passed the first stage of the application process.

“Demand in Germany is expanding at an insane rate,” said Battley, who also serves as executive vice president of Aurora. “Not only is Germany creating a very well-thought-out medical cannabis system, they’re reimbursing medical cannabis under the national health system.”

“We see Germany as our anchor in Europe, and that’s a market of 500 million people in the EU,” added Battley. He said Aurora is making “very considered and select investments that are anchoring us in markets that we see as very attractive future markets for medical cannabis. The good opportunities that come along are available at attractive prices right now.”

Ottawa, Ontario-based ABcann Global (TSX Venture: ABCN), another licensed producer, also is pursuing opportunities in Germany, and its common shares trade on the Frankfurt Stock Exchange.

CEO Aaron Keay said ABcann Global sees Germany as a gateway to broader European opportunities.

“We’re absolutely at the forefront,” he told Marijuana Business Daily. “We look at Europe as a significant part of our strategic plans for expansion, in addition to what we’re doing domestically.”

Keay confirmed that ABcann expects to acquire a distribution license and start exporting MMJ to Germany in the third quarter. He also said ABcann is “very interested to continue to pursue the cultivation in Germany.”

Canopy Growth (TSE: WEED), a licensed producer based in Smiths Falls, Ontario, established a foothold in the country with exports to Germany and its acquisition of MedCann, a Germany-based pharmaceutical distributor, in late 2016.

“Frankly, it’s growing very, very quickly,” Canopy Growth spokesman Jordan Sinclair said of the German market. “It’s very important.”

“There’s a lot of things that happen in the German market that are going to mirror what happens in Canada. So from a positioning perspective, and with the experience we bring to the table, we think we’re going to excel,” he said.

Other Canadian players in Germany (and nearby) include:

Australia bound

Australia, with a comparable population and demographic makeup to Canada, is receiving considerable interest from international cannabis companies.

The country legalized medical marijuana last year for patients with chronic or painful illnesses.

In May, CanniMed (TSE: CMED) marked its first shipment of commercial cannabis oil to Australia with the sale of 3,600 milliliters of oil to Health House International, a medical cannabis wholesaler in Perth.

A CanniMed spokesperson said the current focus is on the global medical market, rather than the Canadian and U.S. recreational markets, “because the opportunities allow for international expansion faster.”

Canopy Growth wants to use the lessons it learned in its early days in Canada to help AusCann Group Holdings (Australian Securities Exchange: AC8) in Australia. Canopy Growth will offer its expertise to AusCann in exchange for an initial 15% ownership stake in the company. AusCann’s strategic partner has been granted two cannabis licenses from Australia’s Office of Drug Control.

AusCann will import MMJ from Canopy until it’s capable of supplying locally produced medicine.

“Over the past year or so we have been supplying them with some of our intellectual property so they can come out of the gate strong. In exchange for that, they gave us a small stake in the business,” a Canopy spokesperson said. “We’re not exporting actual cannabis to Australia, we’re only exporting intellectual property.”

Aurora Cannabis entered the Australian market by taking a 19.9% stakein Cann Group Limited (Australian Securities Exchange: CAN). Cann is the first Australian company licensed to conduct research on and cultivate medical cannabis.

Aurora will also be exporting its intellectual property under an agreement with Cann.

ABcann Global is also actively looking at opportunities in Australia, CEO Keay told Marijuana Business Daily.

Canadian licensed producers have also done business in ColombiaCroatiaSouth AfricaNew ZealandChileCyprusBrazil, the Cayman Islands, Israel, Spain, Uruguay and the Netherlands.

Matt Lamers can be reached at mattl@mjbizdaily.com.


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The State of Cannabusiness in Germany

The State of Cannabusiness in Germany

As a cannabis business executive, you undoubtedly have been following some of the significant events happening in Europe and you have asked yourself: “How does this affect my plans?”

It may be the German government establishing a nationwide medical marijuana program, or news about the Canadian companies buying or merging with their European counterparts that has your attention. But you know the times are a changin’ and you might want to benefit from this historic moment in our Industry.

For those companies that already have a strategic international plan in place, the opportunities are boundless.  Germany, a nation with 2.5 times the population of California, is leading the way with the a national, Federal-government approved, medical marijuana law already in place, and numerous regional efforts to establish recreational use are getting off the ground as I write this column.

Having been an advocate in California during the medical marijuana legalization push of 1990s, and now living here in Germany as they build their own regulated marketplace, it has been fun to be involved. I’d now like to share some of the organizations that may be able to help you and your company, if Europe is indeed on your radar.

Das Bundesinstitut für Arzneimittel und Medizinprodukte (BfArM) is the German federal government’s  Institute for Drugs and Medical Devices and is lead by Professor Dr. Karl Broich. Their website is www.bfarm.de and they are basically the cannabis bureau of Germany, charged with implementing the medical marijuana law.  Interestingly, they will also be the sole purchaser of foreign-produced medical marijuana products, and then oversee the distribution exclusively though licensed pharmacies.

So Germans will be going to their local pharmacy to obtain their medicine, which officially should be paid by their insurance company.  Of course, the details are still being worked out, and I know of at least two lawsuits against insurance companies not paying for their clients medicine.

Last month, the BfArM put out a call for bids for the first ten authorized grow licenses in the history of Germany.  Negotiations are underway and the winning bidders should be announced shortly.  We will keep you updated on this, and all important details emanating from Europe, in future columns.

The Deutscher Hanfverband (DHV) is the German Hemp Association in Berlin and a fantastic resource and advocacy organization. They have been instrumental in getting the country to this point and their website is https://hanfverband.de I highly recommend signing up for their newsletter (which can easily be translated.)  Their next big event is the Hanf Parade in Berlin in August which will bring together over 10,000 advocates calling for open access.

For companies that want to get serious about being in Europe, the best organization I know of is the German Trade and Investment office located in Berlin which is part of the German Federal Ministry of Economic Affairs. Their website is www.gtai.de.

Their knowledge is vast, their connections incredible, and there is no charge for their services. They want to make it easy for international companies in our space to help Germany build their regulated marketplace. They provide advanced research, site-selection, tax information. And.. they are just an email or phone call away.

Of course, there are a total of 51 independent states that make up Europe and 28 of those make up the European Union.  To some degree all of these countries are changing the way they treat medical marijuana and CBD products.

If you are looking for some opportunities in this region, I would suggest looking not only at Germany, but also The Netherlands, Spain, United Kingdom, Switzerland, and the Czech Republic. Although Israel is not in the EU region, their expertise, leading edge research, products and capabilities are to be noted.

Before concluding, I need to give a shout out to Mr. Alex Rogers and his team at ICBC Berlin who put together one of the best industry events I have ever attended.  Back in April, in Berlin, almost 1000 attendees and exhibitors from throughout the world gathered to share information, make connections and close business deals.

Congressman Dana Rohrabacher, chairman of the Cannabis Caucus in the U.S. House of Representatives, was the keynote speaker and shared stories on his German ancestry, his first meeting with Ronald Reagan, and why legalizing our plant makes sense in so many ways.

Tommy Chong was also in attendance, was way coherent, and meeting him was definitely one of my personal highlights.  Yes, I admit it, I listened to his albums way back in 1971.

So I wish you a productive, successful and fun month ahead as we collectively take the next steps to “Make Cannabis Great Again” here in Europe, and wherever you are reading this in the world.

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There are significant opportunities for investors looking to profit from the expanding marijuana industry in other countries.

http://host.madison.com/business/investment/markets-and-stocks/forget-the-u-s-marijuana-market—-there/article_d7702424-c20b-5e1f-9987-70105d72cc8a.html

Marijuana stocks have soared as state after state in the U.S. has legalized marijuana for medical or recreational use. The market potential is huge, with some estimating that the marijuana industry in the U.S. could generate sales of more than $18 billion by 2020.

But focusing only on the U.S. is nearsighted — literally. There are significant opportunities for investors looking to profit from the expanding marijuana industry in other countries. Here are several important areas across the world with growing marijuana markets along with some of the marijuana stocks that could benefit from that growth.

Image source: Getty Images.

North America

Canada was the first North American country to legalize medical marijuana nationwide in 2001. Through the years, the Canadian medical marijuana market has grown but still stands at only $100 million or so. However, the market for medical marijuana in the country is projected to increase to roughly $900 million by 2020.

The bigger story for Canada is the prospect of legalization of recreational marijuana. Prime Minister Justin Trudeau is pushing for legislation that would legalize the drug for recreational use effective July 2018. However, there has been significant pushback that could derail the effort. If Trudeau succeeds, though, the Canadian marijuana market could increase to as much as $22.6 billion annually, according to research by international accounting and professional services firm Deloitte.

Mexico became the second North American country to legalize medical marijuana nationwide in June 2017. Legislation supporting legalization passed overwhelmingly in the Mexican congress. Recreational use of marijuana is still widely prohibited, although the government is considering the possibility of allowing Mexican citizens to legally possess up to one ounce of the drug.

How big could the Mexican marijuana industry be? It’s not likely to be nearly as large as either the U.S. or Canadian markets. However, Stuart Titus, CEO of Medical Marijuana, Inc. (NASDAQOTH: MJNA), thinks that Mexico could be an opportunity for cumulative revenue for his company alone over the next 10 years of $1 billion to $2 billion.

South America

In 2013, Uruguay became the first country in the world to fully legalize the sale and use of marijuana. As of July 2017, pharmacies in the South American nation will be allowed to sell marijuana over the counter.

While no other countries in South America have gone as far as Uruguay, several have relaxed marijuana laws in recent years. In 2015, both Chile and Colombia legalized medical use of marijuana or marijuana-based medications. Argentina approved medical use of marijuana in March of this year.

Brazil, which has the largest population of any country in South America by far, hasn’t legalized marijuana yet — although possession of small amounts of the drug has been decriminalized. There are signs that support for marijuana legalization is growing in Brazil, however, including a public statement by one of the country’s Supreme Court justices calling for legalization of marijuana.

The marijuana industry in South America remains relatively small at this point. Even in Uruguay, the industry has grown at a snail’s pace largely due to lack of funding for government agencies that oversee the marijuana market. Over time, however, it seems likely that the South American opportunity will become more significant.

Image source: Getty Images.


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Cannabis user registrations in Uruguay have started

Last Tuesday the last preparations for the reversal of the Marijuana conquest in Uruguay began in Uruguay. From next summer, citizens of the small South American country, which are registered in advance, will be able to legally purchase cannabis in pharmacies, which will in future block down black market trafficking and guarantee the protection of minors. Although one-third of the population did not support the steps in 2013, the cannabis users’ registrations have now started in Uruguay, which marks the end of the reintroduction of marijuana.

 

Although the demand for the buds of the hemp plant in Uruguay has not increased since legalization in the country , the government under President Tabare Vazquez still fulfills the projects of the predecessor Jose Mujica , under which Uruguay became the first country on earth, the cannabis despite resistances relegalisierte. Citizens are to be given access to up to 40 grams of cannabis via the usual pharmacy purchase, which must be registered beforehand. Fingerprints and a signature should then ensure that no tourists arrive at the coveted greenery from July 2017, which will undercut the black market value at a price of € 1.20 per gram by about half. Asked persons, Who have voluntarily left their data, see in development a ” great step forward in the evolution of the citizens. “Simultaneously with the start of registrations on 02.05. The government published some videos that are supposed to reveal the health hazards of the cannabis use. Only two manufacturers will be able to produce quality-tested marijuana for the state, with some of the sales of which will flow into further preventive work. Since the cultivation of cannabis in Uruguay is still allowed in the home, the varietal diversity of the plant is fortunately not once legally counteracted. “Simultaneously with the start of registrations on 02.05. The government published some videos that are supposed to reveal the health hazards of the cannabis use. Only two manufacturers will be able to produce quality-tested marijuana for the state, with some of the sales of which will flow into further preventive work. Since the cultivation of cannabis in Uruguay is still allowed in the home, the varietal diversity of the plant is fortunately not once legally counteracted. “Simultaneously with the start of registrations on 02.05. The government published some videos that are supposed to reveal the health hazards of the cannabis use. Only two manufacturers will be able to produce quality-tested marijuana for the state, with some of the sales of which will flow into further preventive work. Since the cultivation of cannabis in Uruguay is still allowed in the home, the varietal diversity of the plant is fortunately not once legally counteracted. Only two manufacturers will be able to produce quality-tested marijuana for the state, with some of the sales of which will flow into further preventive work. Since the cultivation of cannabis in Uruguay is still allowed in the home, the varietal diversity of the plant is fortunately not once legally counteracted. Only two manufacturers will be able to produce quality-tested marijuana for the state, with some of the sales of which will flow into further preventive work. Since the cultivation of cannabis in Uruguay is still allowed in the home, the varietal diversity of the plant is fortunately not once legally counteracted.

 

And while in Uruguay the first registrations for the guaranteed supply of the best marijuana breeds were submitted by adult citizens, the first legally imported commercial medicinal cannabis wholesale deliveries from doctors are finally received at the other end of the world in Australia ..

 

Registrierungen für Cannabiskonsumenten in Uruguay gestartet