Peter McCusker, Author at Cannabis Business Executive - Cannabis and Marijuana industry news

Five Key Pointers For US Firms Looking To Enter the European CBD Market

WHILE the CBD boom has been well underway in the US for many years things are just starting to take shape in Europe. Over the last six months the European CBD industry has started to boom, and Forbes reports that…

Cannabis Shares Traded On The London Stock Exchange For First Time

CANNABIS shares will be traded for the first time in the 320-year history of the London Stock Exchange today – a milestone event for the UK and European industry. MGC Pharmaceuticals‘ (LSE: MXC) stock price is excepted to rise (see…

UK Halts CBD Imports As It Enforces Strict Rules On Trace THC Levels

A CHANGE of direction from the Home Office has put a stop to some bulk CBD imports over concerns they have ‘illegal’ levels of THC. This development follows a January request by Police and Justice Minster Kit Malthouse for further…

World’s Largest Cannabis Deal Sees UK Firm GW Pharma Bought For $7.2bn

IRISH firm Jazz Pharmaceuticals has agreed to purchase UK medical cannabis trailblazer GW Pharmaceuticals for $7.2bn. The deal will be the biggest ever transaction in the rapidly-emerging global cannabis sector and marks a major milestone for the UK industry. The…

Dogged Attempt To Unleash CBD Pet Market Brought To Heel By Veterinary Authorities

February 3, 2021
Peter McCusker
Europe
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AN attempt by Europe’s largest cannabis trade group to open up one of the CBD’s fastest-growing niches to its members has left it with its tail between its legs. As things stand in the UK cannabidiol (CBD) should only be…

Date Set For First Medical Cannabis Company To List On The London Stock Exchange

THE London Stock Exchange will accept the first cannabis company in its 320-year history next month – marking a significant milestone in the growth and development of the industry in the UK and Europe. Spinnaker Opportunities has today (January 29) …

Six Companies Chosen to Supply Products – Free Of Charge – To France’s First Medical Cannabis Trial

January 28, 2021
Peter McCusker
France
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SIX companies have seen their products selected for use in the French medical cannabis trial for 3,000 patients which is set to begin with weeks The French Government first announced it was launching a pilot medical cannabis programme back in…

Colombian Producer Delivers Its First ‘Cost-Effective’ Medical Cannabis Export To Australia

COLOMBIAN producer Foliumed has completed its first export to Australia as it looks to support the country’s fast-growing medical cannabis market. Founded by former £2bn gaming CEO Oliver Zugel the new shipment boosts its presence to six countries following a…

Children’s Dutch Epilepsy Cannabis Medicines Will Be Made In The UK To Overcome Import Impasse

A PERMANENT solution to the import impasse on children’s epilepsy cannabis medication has emerged with the Dutch manufacturer set to see the medicines made in the UK. However, the Transvaal Pharmacy, which is based in the Hague, says this will…

Work Gets Underway On Scotland’s First Medical Cannabis Cultivation and Production Facility

SCOTLAND’S first home-grown cannabis medicines could be in UK patients’ hands in early 2022 after work started on a new £15m cultivation and production facility in the Borders. With the UK’s one million-plus medical cannabis users currently reliant on imports,…

Dozens of CBD Brands In A State of ‘Absolute Panic’ With UK Novel Food Deadline Weeks Away

THE New Year has brought a realisation that the Novel Food deadline is less than three months away leading to ‘absolute panic’ for many CBD brands, say leading industry figures. Gavin Ogilvie is founder and Managing Director of Manchester-based Always…

Bold Move To Free CBD From The Shackles Of Novel Food Features A Cannabis Soup Served To A Medieval Pope

EUROPE’S leading hemp trade group is set to make a significant move which could free much of the continent’s CBD industry from the shackles of the Novel Food regime. The European Industrial Hemp Association (EIHA) has spent many months scouring centuries-old historical…

Markets: US Stocks Surge With Democrats’ Victory, Columbia Care, Sativa Wellness, Cann Group et al…

by Peter McCusker WITH the Democrats in control of the White House, Senate and Congress Wall Street now beckons for America’s cannabis industry. Stock prices moved ahead rapidly in the last week following the Georgia state run-off which tipped the…

Channel Island Firm Secures Britain’s First High-THC Commercial Cultivation Licence For Over 20 Years

CHANNEL islands company Northern Leaf has successfully secured a medical cannabis cultivation licence to produce medicines for the UK and European markets. The Jersey Government, under the guidance of the UK Home Office, has issued Northern the first British high-THC (Tetrahydrocannabinol) commercial…

Huge Rise In UK Medical Cannabis Imports As Private Sector Steps-Up To Meet Patient Demand

NEW Government figures show a 900% increase in the number of cannabis medicines notified for import demonstrating the private sector’s growing role in fulfilling UK demand. Between March 1, and October 1, this year, the number of packs of unlicensed…