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Starting January 3rd, all cannabis products sold in California will now require a Prop 65 warning on the label, a move that will likely spark an influx of product-liability lawsuits within the industry.
In theory, health warning labels are a good thing – they alert consumers that the product they are buying can potentially have an impact on their health. However, in practice, they lead to overregulation, frivolous lawsuits, and many California consumers have started to ignore them because they can be vague and are so liberally applied.
The Proposition 65 labels date back to the mid-80s and applies to any product that contains known toxins or carcinogens, even if the amounts are trace and research is inconclusive. Once the new mandate goes into effect next month, all products that create “marijuana smoke”, as well as those containing Delta-9 THC will need a warning label. This covers pretty much every product in the legal market, minus CBD (cannabidiol) or CBG (cannabigerol) topicals and edibles.
Legal experts say that these types of mandates are often enforced by private attorneys and plaintiffs rather than state regulators. This practice was initially intended to keep the court system from backlogging over minor cases, but it has transformed into a sort of under-the-radar industry that preys on small business owners.
“The bounty hunters (people who go to stores specifically to look for unlabeled products) will be able to start regulating and enforcing those come Jan. 3, 2021,” Anne Marie Ellis, an Orange County attorney who specializes in product liability, said during a webinar in early December.
Proposition 65, formally known as the Safe Drinking Water and Toxic Enforcement Act of 1986, was established to protect California’s drinking water sources contamination by chemicals known to cause cancer, birth defects, or other reproductive harm, and it requires business to keep and current list (which is updated regularly) of chemicals that cause these reactions.
The program has expanded in the last couple decades and you can find Prop 65 warnings on everything from food items, children’s toys, hygiene products, and even entire buildings (for example, my local Wal-Mart has a Prop 65 warning stating that chemicals within the building are known carcinogens).
Additionally, there is no penalty for posting an unnecessary sign, which leads to vague and overused warnings that rarely resonate with the consumer. It’s for these reasons, among others, that the law has been harshly denounced over the years with critics saying it causes “over-warning” and “meaningless warnings”. These sentiments have been backed in numerous court cases as well.
Applying it to the cannabis industry
Again, starting January 3rd all products the create cannabis smoke and/or contain THC will be subject to the new law. The labels these new products will be sporting can come in two different formats: a standard warning or a short-form version.
The standard warning is quite long and a bit more detailed, while the short version is straight to the point and intended for smaller products. Most likely, you will see more of the short-form version on dispensary products, and this version reads: “WARNING: Cancer and Reproductive Harm – www.P65Warnings.ca.gov.” Short and ominous.
“If a product doesn’t have the warning on its actual packaging, then the alert must be placed somewhere obvious so consumers can see it,” Ellis said. “And because both marijuana smoke and THC are about to be triggers for Prop 65 requirements, literally every company that does business in California needs to comply with the law, not just companies that produce smokable cannabis products.”
This will include many noncombustible products such as edibles, topicals, and vapes, unless they both, contain isolated CBD or other non-psychoactive cannabinoids AND do not produce any smoke during consumption.
Prop 65 laws and litigations aren’t new to the Golden State cannabis industry, however. Cannabis smoke has been on the state’s list of carcinogens since 2009, and THC since 2018. In January 2020, a ruling by the California Office of Environmental Health Hazard Enforcement listed both as potential reproductive toxins.
Conflicting research on THC and cancer
Now, about this issue of THC (tetrahydrocannabinol) being named a carcinogen. The existing studies on this are conflicting but overall, research indicates that it’s helpful, not harmful. For example, a number of small studies found that inhaled cannabis is helpful in treating nausea and pain (especially neuropathic) associated with chemotherapy.
More recent studies have even documented THC and other cannabinoids as cancer inhibitors, noting that they can slow the growth and/or cause death in certain types of cancer cells. This was demonstrated numerous times in lab petri dishes as well as live-animal studies.
In Israel, research on the medicinal use of cannabinoids has been going on for decades. Just last year, Professor Raphael Mechoulam from Hebrew University of Jerusalem received a $2,000,000 grant for just this purpose.
Mechoulam is leading a research team to work on developing cannabis-based treatments for three aggressive forms of cancer: melanoma (skin cancer), neuroblastoma (cancer originating in the surrounding and mostly neural system in children), and glaublastoma (brain cancer).
I did come across one study that suggested cannabis exposure may increase the “susceptibility to and/or incidence of breast cancer as well as other cancers that do not express cannabinoid receptors and are resistant to Delta9-THC-induced apoptosis.” In this scenario, it refers to very specific types of cancer and more research is definitely needed.
Liabilities and lawsuits
According to Ellis, the main issue businesses will face once this law goes into effect is the cannabis industry “bounty hunters” who are basically undercover shoppers that will look for cannabis products in dispensaries that are not in compliance with the new mandate. In these situations, they will often file a “notice of violation” and push for a settlement out of court – so in other words, they’re looking for money.
“This is low-hanging fruit for lawyers who want to make a quick buck and don’t want to do a lot of work,” said Lara DeCaro, a San Francisco attorney who represents numerous cannabis businesses. “Most legal marijuana businesses are already complying with the Prop 65 labelling mandate because such requirements have been on most companies’ radars for a long time.” Nevertheless, she expects there will be an influx of legal complaints who target the “industry stragglers” who are waiting until the last minute to get up to speed.
There are many attorneys who make their living working Prop 65 cases in other industries, since it covers all consumer products and businesses and the list exceeds 1,000 chemicals that are considered dangerous. Roughly 90% of Prop 65 cases – across all industries – are settled out of court. Fines for companies who are in violation can be up $2,500 per product, daily. So if you have 3 non-compliant products, you’re looking at $7,500 in fines every single day until you remedy the situation.
“They will go around, much like they do under the (Americans with Disabilities Act) and find violations and then file numerous complaints,” DeCaro said. “Whether or not those complaints end up having merit, they’re going to name a bunch of people, and defendants will throw a few thousand dollars at it just to make it go away. It’s a cost-benefit analysis at that point. Am I going to spend $20,000 on a lawyer to fight it and get it kicked out, or am I just going to spend $3,000 at it and make the person go away?”
What the future holds
Although this may come as a shock to some of the newer businesses or those that aren’t particularly worried about the logistics of working in the industry, but for the most part, the word is out and most cannabusiness owners are well-prepared for January 3rd.
“The industry is aware. There’s been a fairly good job of discussing the need for Prop 65,” said Pamela Epstein, attorney for Oakland-based Eden Enterprises and a board member of the California Cannabis Industry Association. “Prop 65 is generally on most checklists for incoming and outgoing product at the manufacturing and distribution and retail level, so they should be ready.”
Overall, people are prepared for Prop 65 to hit the California cannabis industry . But for those that aren’t, it could end up being a very costly mistake so you’ll want to do everything you can to get compliant by the beginning of next month.
Operating any small business can be a difficult task, but working in the cannabis or hemp industry can be particularly daunting.
Cannabis and hemp business
owners are faced with many issues that others will never have the misfortune of
dealing with. Difficulty getting a loan, minimal tax breaks, inconsistent city
ordinances, and terrible zoning laws are just a handful of the potential
But it’s the disparity between state and federal laws that creates a very unique dilemma encountered by those in the cannabis and hemp industry. The fact that cannabis is still federally illegal gives the DEA (Drug Enforcement Agency) authority to raid these businesses, even if they’re fully compliant with state laws. And even though hemp is actually legal throughout the entire U.S., its resemblance to cannabis, especially in smokable flower form, makes it a target of legal action too.
DEA raids can lead to a whole slew of other problems including a criminal record and civil asset forfeiture. Below are some of the most common ways things can go awry in the cannabis industry.
Those looking to come up on some quick and easy cash in the cannabis or hemp industry, should probably just look elsewhere. The cannabis industry is just like any other and should be approached with planning and organization. Yes, the green rush is huge and it’s outpacing the dot-com boom, but that doesn’t mean failure isn’t commonplace. Those who succeed do so because they have a financial strategy, marketing skills, and discipline, among many other qualities.
2. Internal Revenue
The two most common reasons dispensaries draw the attention of the IRS: obtaining a bank account under false pretenses, or failure to pay taxes. Lying to your bank about what kind of business you’re operating might be tempting at first. But despite how difficult it is to get an account or loan for a cannabusiness, it’s important to stay persistent and find a financial institution that’s willing to work with you under open and honest circumstances. If you lie to the bank and they find out, that could warrant a federal investigation on your account.
Even though cannabis
is federally illegal, that doesn’t mean the IRS doesn’t want their cut still.
Taxes for cannabis businesses are very steep, and those in the industry aren’t
allowed to claim the same deductions as other small business owners. Due to
that and the uncertainty that often follows marijuana, some business owners
fail to pay their taxes, or don’t file correctly. Tax evasion can carry
penalties such as expensive fines and even imprisonment.
3. Civil Asset
Civil Asset Forfeiture is when law enforcement confiscates personal assets in connection with drug-related arrests and certain other crimes. Keep mind in that says “arrests” not “convictions.” Meaning that if a dispensary owner is arrested and later found innocent of all charges, in most cases they still will not get any of their seized items back.
Civil asset forfeiture
extends way beyond confiscation of flowers, extracts, and product directly
related to cannabis or hemp. It can covers any items that can be used to
facilitate crime, which can include cars, houses, and many other personal items
as these things often have very much overlap.
The FBI claims that
asset forfeiture “undermines the economic infrastructure of illegal
business” and effectively reduces crime. But as it stands now, law enforcement
agencies are mostly targeting small business owners in the cannabis and hemp
industry then basically stealing everything they own, whether they are found
guilty or not.
Any cash, bonds, and
even personal savings accounts that are found will be taken by law enforcement;
and any cars, houses, or other valuable items are auctioned for profit. This
can be a huge motivator for underfunded police departments to intervene with
Whether frivolous or
not, the possibility of a lawsuit is an unfortunate reality for any business
owner. Naturally, if you’re in the ever-changing cannabis or hemp industry,
you’re going to want liability insurance and a good legal team at your
However, even if a
business wins litigation or settles out of court, any news about the lawsuit
could damage their reputation and drive clients away. News spreads fast these
days with social media. That, coupled with the possibility of expensive legal
fees, could be very bad for business.
5. City ordinances and
It’s vital to keep close track of the local city laws, not only state legislation. Just because cannabis is legal in a state, doesn’t mean every city within that state will be accepting of these changes. Shortly after Prop 64 passed in California legalizing recreational cannabis, multiple cities started passing moratoriums to delay or even ban sales. There are still numerous cities were cannabis business are not allowed to operate in the Golden State.
Local ordinances like
zoning, land use, additional permitting or licensing, or time, place, and
manner restrictions, have been known to wreak havoc in the lives of cannabis
and hemp business owners. Being just on the wrong street or block could lead to
your business getting shut down. And if the city decides to put say, a new
school, within a certain number of feet from your business, you’ll be the one
forced to close your doors and jump ship.
Closing the doors and
being forced to relocate can break a business. Not only is it costly to obtain
a new property, get the required licenses, and file the appropriate documents,
but it could also cause the loss of regular clientele.
6. DEA and
The Drug Enforcement
Agency (DEA) is always an area of concern for those in the cannabis industry,
particularly growers and dispensary owners. Ever since medical dispensaries
started appearing, the DEA has been called in to unravel these
operations. Even in the tamer hemp industry, the threat
of arrest still looms.
dispensaries are raided and all the assets are seized, the owners and growers
are arrested. Sometimes, they can get away with probation and fines, but they
can also be convicted of drug trafficking and be sentenced to prison. In
addition to incarceration being a huge disruption in one’s life, they will also
have charges on their record, making it difficult to find work and obtain loans
in the future.
How to protect yourself
All these issues can
be rather scary and intimidating. But of course, there are a few basic things
you can do to protect your business and yourself:
Don’t jump in with both feet. Make sure you’ve given a lot of thought
to your business strategy and financial goals.
No money secrets. Be honest with your financial
institution and pay your taxes.
Pay attention to the laws. State and federal laws, as well as
city/county ordinances are something to monitor closely.
Unfortunately though, you can do everything right and still find yourself facing new regulations that negatively impact your business, harassment from law enforcement, and civil asset forfeiture. That being said, getting a good lawyer and an irrevocable trust fund could make those hits a great deal lighter. An experienced attorney will be able to help you navigate any litigation issues you may face in the cannabis or hemp industry.
“The states that
have legalized and heavily regulated marijuana have sought to ensure that only
responsible business people participate in those programs. Despite the hard
work of those states, the federal government reigns supreme. And so long as
marijuana remains a Schedule I drug, marijuana businesses will continue to
experience difficulties stemming from conflict with federal laws. So long as
marijuana remains federally illegal, true security will not be possible for
anyone in the cannabis industry,” says Hilary Bricken, Attorney at
Which leads us to another
important point, a trust fund. While a lawyer can help keep your record clean,
amongst many other things, you will still need money to pay any legal fees and
support yourself in the meantime. An irrevocable trust fund is essentially an
“Artificial Legal Person” that protects and manages your assets.
Assets can only be seized when they exist in your name or a revocable trust.
According to Rocco Beatrice, CPA, MST, MBA, and Managing Director at
An irrevocable trust
asset protection plan is the best way to protect your assets without going
offshore and without risking trouble with the IRS and government. In response
to continued uncertainty, many cannabis and hemp business owners are using
irrevocable trusts from them as a way to protect themselves and their families’
Don’t be deterred by the obstacles
Yes, the risks are
there, and the risks are greater for cannabis businesses than other
entrepreneurs. However, with proper planning, a good legal team, and an
irrevocable trust fund, you can keep your business safe and successful.
Regardless of how many
dispensaries get raided or what crazy things politicians come up with in an
attempt to prohibit its sale, hemp and cannabis has come too far to stop now.
The more they push, the more we push back, and that’s exactly how big changes
come to fruition.
We currently have an excellent deal on
hemp biomass – which you can read more about at the end of this article – but
in the meantime, we’d like to explain in a bit more detail what biomass is exactly
and what it can be used for.
When it comes to the B2B sector, hemp biomass
refers to the plant waste that can be repurposed to make refined hemp products
such as CBD oil, plastic, extracts, and more. Basically, anything from health
and wellness products to textiles and construction materials can be produced
The waste industry in general offers entrepreneurs the opportunity to get into a business selling legal and marketable material that can be made in to various products. Cannabis and hemp growers can make some extra money by selling the leftover plant waste in addition to their flowers.
And even better yet, this is an opportunity for the industry to clean up its image in the environmental department. It’s long been noted that cannabis and hemp can be a drain on energy and water sources.
“If we can use this resource on the back end—the (growing) media
waste, the fibrous material, everything they might throw away that they can’t
use in the growing and processing—we have the opportunity to make the Earth
habitable again,” mentions John Whiteside, Illinois hemp and cattle
Some people in the industry use the term “hemp biomass” when
referring to the dry plant matter as a whole, including the flowers. This is
INCORRECT. The correct description of hemp biomass is the waste of hemp plants;
so the stalks and leaves, and flowers only after they’ve gone through the
Although the raw flowers contain the most cannabinoids, biomass
as a noticeable concentration as well. For example, in a flower strain testing
at 18-20% CBD, the cannabinoid level in its biomass will probably be around 10-12%.
Hemp that has higher levels of CBD can be used to produce CBD distillate and CBD isolate. If you’re interested in making textiles, plastics, or construction material, you would look for something called Hemp Fiber Biomass, which has much less CBD but is also available at a lower price point; which brings us to our next section…
Hemp Fiber Biomass vs Hemp Flower Biomass
Hemp flower biomass, which is also referred to as high-cbd biomass,
is much different than hemp fiber biomass. Flower biomass, although extracted, would
generally be used in the manufacturing of health and wellness products. Flower
biomass has a great short-term profitability margin, for those looking for a
quick turnaround. Fiber biomass, consisting of the leaves and stalks, has a
much better long-term financial outlook.
Hemp fiber biomass can be used to manufacture a large number of legal products. Hemp has been promoted as an ecofriendly alternative to plastic, a paper replacement that would make us less reliant on trees, and a lightweight material to reinforce concrete buildings. It can even be used as an energy source. This comes as the world experiences an upswing in the search for renewable resources. Researchers believe that crops like hemp can decrease our dependency on depleting resources like fossil fuels.
In many ways, switching to more hemp products could have a truly
positive impact on our environment. Thanks to the passing of the 2018 Farm
Bill, we’re likely to see a massive increase in the production of
What’s also interesting about hemp is that it’s one of the few plants that’s capable of cleaning the soil it grows in, through a process called phytoremediation. Hemp pulls heavy metals, various toxins, and even radiation out of the earth, leaving the ground cleaner than it was before being planted.
Our Biomass Deal
Now that you have a bit more knowledge on the subject, let’s get to the deal we mentioned. We currently have some high-quality combo biomass (hemp flower and fiber), that has 11% CBD. It has enough CBD to be used for extraction and wellness products, but it’s priced low enough to use for textile and similar products as well.
It comes from a farm in Oregon, USA, and is available at 0.5 to 0.6 per point, as the average prices continues to drop. However, we currently have 1 million pounds available and will gladly accommodate large, bulk orders. Contact us now to discuss.
For reference, this is how you calculate the cost of hemp biomass.
As the demand for cannabis research reaches heights unheard of, it’s becoming more apparent than ever that this is a much more complex plant than we ever could have imagined.
Modern cannabis research dates back to the early 1960s, when Israeli Professor Raphael Mechoulam isolated the very first phytocannabinoid, THC. It was during that time that CBD was first fully elucidated as well, although it was actually discovered 20 years prior. Since then, nearly 150 phytocannabinoids have been discovered, although the list of compounds to be isolated and studied remains short.
What we have also discovered over the years, is that different versions of the same cannabinoid can exist. For example, THCA vs THC. The only difference between those two cannabinoids is that THCA still has its carboxyl acid group, meaning it’s only present in raw plant material that hasn’t been exposed to high temperatures yet. Once a cannabis bud is smoked or vaporized, the THCA loses that carboxyl acid and becomes THC. The same connection exists between CBDA and CBD.
Now, thanks to an analytical technique known as mass spectrometry, the identification of new cannabinoids is becoming increasingly easier. A group of Italian researchers who are very familiar with this process have recently released a study profiling two new cannabinoids that have yet to be discussed: THCP and CBDP. But what exactly are these new compounds on the block, and what does it mean for patients, consumers, and industry stake-holders?
Let’s start with the very basics, THCP stands for Tetrahydrocannabiphorol and, as expected, it has a similar molecular structure to THC. There is one critical different though, it has an elongated alkyl side chain with seven carbon links, compared to only 5 links in regular THC’s side chain.
Check out the image below. The zigzag line extending out from the cell structure is the side chain. Each point on that line, including the very last point at the end of the line is a link. As you can see, both THCP and CBDP have 7 links in their chains whereas THC and CBD have only 5 links on their side chains.
Now you may be wondering why this is so significant. Well, these
are the first cannabinoids with side chains longer than five links, and the length
of the side chain has been shown to have a vital part in the way THC interacts
with the body’s CB1 receptors. Basically, the elongated side chain makes the
binding affinity between cannabinoid and receptor much stronger.
Researchers checked THCP’s binding affinity against both the
CB1 and CB2 receptors and found an impact on both. When it came to the CB1
receptor, THCP was 33 times more active than regular THC. With the CB2
receptor, THCP was roughly 5-10 times more active.
Just like THCP, CBDP (cannabidiphorol) also has a longer side
chain than its counterpart. However, since CBD has a poor binding affinity with
CB receptors, researchers are unsure if this revelation means anything at all. Because
of this, studies on the medical potential of CBDP are not currently a top priority.
It is possible though that this longer side chain could improve the way the cannabinoid binds with these receptors, but that remains to be known. There’s also the question of the entourage effect. Since it’s well known that a little bit of THC can ramp up the effects of CBD. Can THCP have the same impact? It’s possible, as the researchers point out, science can be full of surprises.
What are the medical implications of these new cannabinoids?
As discussed above, it’s unknown whether CBDP has any
additional therapeutic value at all. THCP on the other hand, is slated to be
the next big thing in medical cannabis research. When it comes to THC, a minimum
of 3 links are required to bind the cannabinoid to a receptor. Scientist have
noted that binding affinity peaks at eight links and then starts to decrease,
and THCP is closer to this binding peak than any other cannabinoid that’s been discovered
This means that any medicinal effects that users experience
from THC, such as relief from pain and nausea, neuroprotective benefits, and
more, can be greatly increased by the addition of the THCP cannabinoid. It’s essentially
a booster for THC, making its effects on the body that much more potent.
What’s also interesting about THCP is that we’re still not
sure if THCP is psychoactive at all. Logically, one would assume that since it’s
“stronger” than THC, it would have stronger psychotropic effects as well, but
that’s not necessarily the case. Even a slight change in molecular structure could
create great changes in the way we feel the effects of this cannabinoid
Can I find THCP anywhere?
At the moment, you’d be hard pressed to find any THCP
products or strains in your local dispensaries or even online shops. If this
compound proves to be as important is researchers are currently estimating, additional
studies, processing, and cannabinoid-specific cultivation techniques will be
required to make THCP in a substance that can actually be purchased and consumed.
Aside from the obvious extractions that can create THCP oil,
capsules and more, this really emphasized the need to cultivate breeds of
cannabis and hemp that are not THC or CBD dominant. We are already learning
more about stains that contain higher levels of CBG, THCV, and CBDV, so flowers
with additional compounds will become increasingly popular as well.
According to the study, the researchers will continue testing the THCP cannabinoid, maybe even CBDP, to see how it functions within the human body and what, if any, conditions can be treated with it.
It’s been a nice, relaxing holiday season but now we’re back in action with some amazing deals on a variety of different hemp flowers.
For this week’s newsletter, we’re offering a discount on 3 different stains of premium CBD flowers: Lifter, Special Sauce and Elektra hemp flower. We even have an exclusive deal on CBG flowers! Using our coupon code which will be provided to you in our CBD Flowers Weekly Newsletter, you will get 25 percent off the total price of your purchase. That will bring your flowers down to up to $0.6 per gram if you buy larger amounts like quarter, half and full pounds.
You will have to act fast because this deal will only be active until the end of the weekend (1/12), and these strains won’t be grown again during the next harvest of 2020. These are all outdoor buds grown in the warm Oregon sun. Choose one ore more of the strains listed below.
Lifter is sativa-dominant with 18.2 percent total
cannabinoid levels, and roughly 0.8 percent THCA. These are federally
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cannabinoid level of 16.1 percent. These buds have 0.65 percent THCA.
Elektra hemp flower is a less common, indica-dominant strain that has a total cannabinoid count of 14.8 percent. These organic, outdoor buds contain 0.59 percent THCA.
This CBD flower has a total cannabinoid count of 15.9 percent, 15.4 percent of that being CBGa and the rest is a combination of CBDa, THCA, and other cannabinoids.
For access to these exclusive deals and others, subscribe below:
Remember, these deals will only be available for 1 weekend, from January 9th to 12th, and you must subscribe to the CBD Flowers Weekly Newsletter for access to the coupon code, which will take 25 percent off the total price. Don’t miss out on these amazing deals on Lifter, Special Sauce and Elektra hemp flower!
These headlines are brought to you by Curaleaf, one of the leading vertically-integrated cannabis operators in the U.S. With legal medical marijuana dispensaries, cultivation sites, and processing facilities all over the United States, Curaleaf has served more than 165,000 medical cannabis patients and looks forward to helping many more long into the future. Swing over to Curaleaf.com to learn more about this very cool company!
Check out our other projects:
• Marijuana Today— Our flagship title, a weekly podcast examining the world of marijuana business and activism with some of the smartest people in the industry and movement.
• Marijuana Media Connect— A service that connects industry insiders in the legal marijuana industry with journalists, bloggers, and writers in need of expert sources for their stories.
After securing C$20 million to boost its European operations, International Medical Cannabis (IMC) has become the first Israeli company to list its shares in Canada.
IMC will trade under the ticker ‘IMCC’ on the Canadian Securities Exchange and may well be the first of many Israeli companies to follow this path, reports Cannabis Investing News.
Israeli daily financial website Calcalist recently reported on an anticipated flow of domestic companies to Canada. With cannabis being legal in Canada it affords ambitious firms proximity to some of the leading global cannabis companies and access to an established cannabis-savvy financial system.
IMC has global ambitions with an keen focus on the European market and it will use the proceeds of a successful $20 million private fund-raising round to bolster its footprint in Germany, Portugal and Greece
Oren Shuster, Chief Executive Officer, said it was doing ‘exceptionally well to position the company as a market leader in the European Union’. He said its European expansion strategy includes operations in Germany, a supply agreement in Europe, and will soon include operations in Portugal and Greece
IMC says it views the German market as particularly attractive given its size, regulatory structure and proximity to Israel, and earlier this year it purchased Adjupharm a German EU-GMP manufacturer and distributor.
This business has licenses to import, export and distribute medical cannabis in Germany and has been distributing medical products to pharmacies for over 10 years, says IMC
Mr Shuster went on to say he expects the demand for medical cannabis in the EU to ‘continue to increase over the long-term’, and its ambitions in Europe will will be supported by a continued focus on its domestic research and development. Over 50 cannabis companies have made their initial public offering on Canadian stock exchanges Toronto Stock Exchange and Toronto Stock Exchange Venture Exchange, which are both operated by TMX Group.
Rob Peterman, a vice president of global development at TMX, told Calcalist that Israeli companies will find a large investor base and access to research and cash fluidity in Canada.