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Proposed Changes To Germany’s Medical Cannabis Framework Would ‘Seriously Impact Both Patients And Industry’ If Brought In Tomorrow

TOMORROW, Germany’s Federal Joint Committee (G-BA) is expected to announce major changes to the country’s medical cannabis framework.  These could have a significant impact on the growth rate of Europe’s largest medical cannabis market, which has expanded in double-digits consistently since legalisation in 2017.  By potentially [...]

By |16 March 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Proposed Changes To Germany’s Medical Cannabis Framework Would ‘Seriously Impact Both Patients And Industry’ If Brought In Tomorrow

Kanabo Launches New Online Medical Cannabis Clinic ‘Treat It’, Offering Access To Doctors In ‘Less Than 24 Hours’

KANABO Group has today announced the launch of a new online medical cannabis clinic for pain management, Treat It.  The service will be powered by Kanabo’s private telemedicine and online primary healthcare service provider The GP Service, which it acquired in a deal worth £14m this [...]

By |14 March 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Kanabo Launches New Online Medical Cannabis Clinic ‘Treat It’, Offering Access To Doctors In ‘Less Than 24 Hours’

Ananda Developments Takes ‘Big Step’ Towards Revenues And Potential NHS Funding With £2m MRX Global Acquisition

ANANDA Developments has today announced the acquisition of MRX Global in a deal set to transform the company’s offering.  The £2m acquisition deal will see the Aquis Stock Exchange-listed cultivator not only significantly accelerate its road to revenue generation, but also acquire the rights to a [...]

By |10 March 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Ananda Developments Takes ‘Big Step’ Towards Revenues And Potential NHS Funding With £2m MRX Global Acquisition

NHS Licensed Medical Cannabis Prescriptions Grew 45% Last Year, But ‘Situation As Intolerable As Ever’

NEW NHS data suggests that the number of prescriptions for ‘licensed’ cannabis-based medicines rose significantly in 2022.  Data gathered from NHS OpenPrescribing suggests that prescriptions for Nabilone, Sativex and Epidyolex, currently the only three cannabis medicines licensed by the NHS, rose by 45% between 2021 and [...]

By |9 March 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on NHS Licensed Medical Cannabis Prescriptions Grew 45% Last Year, But ‘Situation As Intolerable As Ever’

New Reforms Could See Israeli Medical Cannabis Patient Numbers Double

THE Israeli medical cannabis market, long considered to be years ahead of its European counterparts, no longer appears to be the haven it once was. Reports in local media warning that the industry is ‘fast withering’ and ‘dismantling itself from within’ are being reflected in continued [...]

By |3 March 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on New Reforms Could See Israeli Medical Cannabis Patient Numbers Double

Lyphe Group Secures Growth Capital & Completes Restructuring 

PRESS RELEASE New capital raise to fund operations through to becoming cash flow positive Supply chain consolidation and below-the-line efficiencies to realise over £4m annualised savings Top-down restructuring and significant right-sizing to various teams across the business  Re-focusing on core UK market as well as strategic [...]

By |1 March 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Lyphe Group Secures Growth Capital & Completes Restructuring 

France Reports Highly Positive Patient Response To Medical Cannabis Trial, But Results Unlikely To Impact Decision To Legalise

FRANCE’s ongoing medical cannabis ‘experiment’, in which 3,000 patients are offered free products, has reported an overwhelmingly positive patient response.  According to the first clinical data to be published since the experiment launched in March 2021, 91% of patients report being satisfied with the medication.  Despite [...]

By |14 February 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on France Reports Highly Positive Patient Response To Medical Cannabis Trial, But Results Unlikely To Impact Decision To Legalise

Norway Hosts First Public Meeting On Medical Cannabis Amid ‘Early First Steps’ Towards Potential Reform

NORWAY, one of the most cautious states in Europe when it comes to cannabis liberalisation, recently held a public meeting to discuss access to medical cannabis.  The event, which took place in Oslo on January 20, 2023, brought together politicians from across the political spectrum, alongside [...]

By |9 February 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Norway Hosts First Public Meeting On Medical Cannabis Amid ‘Early First Steps’ Towards Potential Reform

UK’s Medical Cannabis Industry Enjoys Strong Start To 2023

LAST week a flurry of positive announcements from across the UK’s medical cannabis industry were unveiled in signs the industry is wasting no time in shaking off the stagnation of 2022.  Firstly, new data published by the government has provided the latest insight into the size [...]

By |24 January 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on UK’s Medical Cannabis Industry Enjoys Strong Start To 2023

Linnea SA Receives Swiss Narcotics License Allowing For The Production And Exportation Of High THC Active Pharmaceutical Ingredients

LINNEA SA (“Linnea,” or “the Company”), a leading pharmaceutical manufacturer with over 40 years of experience, has been granted a narcotics license by Swissmedic at the end of 2022. They are now one of the first companies in Switzerland to be able to produce and export high THC [...]

By |19 January 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Linnea SA Receives Swiss Narcotics License Allowing For The Production And Exportation Of High THC Active Pharmaceutical Ingredients

Kanabo Launches 2 New High-THC Vape Formulas As It Prepares To Compete On ‘Patient Care’ In 2023

KANABO announced the launch of two new additions to its range of VapePod formulas this week, in what is expected to be the first in a flurry of announcements due in the coming months.  The launch of two new high-THC formulas, which represent the second generation [...]

By |19 January 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Kanabo Launches 2 New High-THC Vape Formulas As It Prepares To Compete On ‘Patient Care’ In 2023

Italian Army Pledges To More Than Double Medical Cannabis Production This Year, But Supply Issues Far From Over

THE Italian army, which continues to hold a monopoly over medical cannabis production, has announced plans to dramatically ramp up production this year.  On December 30, 2022, General Manager of the Defence Industries Agency Nicola Latorre announced in an interview with Defense World that the army [...]

By |13 January 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Italian Army Pledges To More Than Double Medical Cannabis Production This Year, But Supply Issues Far From Over

Spain Misses Ambitious Medical Cannabis Roll Out Targets As Government Remains Tight-Lipped On Progress

SPAIN’s ambitious plans to see the regulation and distribution of medical cannabis rolled out across the country by the end of 2022 appear to have been delayed.  December 27, 2022 marked the deadline for the Spanish Agency for Medicines and Health Products (AEMPS) to ensure proposals, [...]

By |12 January 2023|Categories: BusinessCann - Medical Cannabis News|Comments Off on Spain Misses Ambitious Medical Cannabis Roll Out Targets As Government Remains Tight-Lipped On Progress

MHRA’s New Guidance Points To A ‘Truly Pharmaceutical Path’ For UK Medical Cannabis And Could See End To ‘GACP To GMP Washing’

THE UK’s Medicines and Healthcare products Regulatory Agency (MHRA) last week released new detailed guidelines for medical cannabis companies operating in the UK.  This new guidance from the MHRA and the Home Office sought, for the first time, to provide a step-by-step plan for companies ‘that [...]

By |1 December 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on MHRA’s New Guidance Points To A ‘Truly Pharmaceutical Path’ For UK Medical Cannabis And Could See End To ‘GACP To GMP Washing’

New Figures Show That 784 More Private Medical Cannabis Prescriptions Were Made In The UK Last Year Than Previously Thought

AS PLEA’s (Patient Lead Engagement for Access) Medical Cannabis Awareness Week (#MCAW2022) launches in the UK this week, fresh figures suggest growth in the number of privately prescribed, unlicensed medical cannabis items dispensed last year was even higher than previously thought. While growth is expected to [...]

By |2 November 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on New Figures Show That 784 More Private Medical Cannabis Prescriptions Were Made In The UK Last Year Than Previously Thought

Overseed Becomes First Company To Cultivate Medical Cannabis In France

As reported by NewsWeed SIX months after obtaining ANSM (French Agency for the Safety of Health products) approval and raising €2.5 million, Overseed is launching a new research and development program in the cultivation of medical cannabis.  In doing so it has become the first company [...]

By |5 July 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on Overseed Becomes First Company To Cultivate Medical Cannabis In France

Medical Cannabis Could Be Available In Spain By The End Of The Year

SPAIN could now see the regulation and distribution of medical cannabis rolled out before the end of the year after new proposals were endorsed by five congressional parties.  On Tuesday June 21, Spain’s Congress voted to approve a set of proposals put forward by the medical [...]

By |24 June 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on Medical Cannabis Could Be Available In Spain By The End Of The Year

LYPHE Group Poised For European Expansion As It ‘Steps Into Venture Capital’ With £5m Fundraise Led By Leafy Tunnel

LYPHE Group has announced the successful closure of its latest funding round, securing £5m in capital to fund expansion into ‘multiple markets’ across Europe.  The funding round has seen the company ‘step into venture capital’ for the first time, thanks to the involvement of early stage [...]

By |27 May 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on LYPHE Group Poised For European Expansion As It ‘Steps Into Venture Capital’ With £5m Fundraise Led By Leafy Tunnel

Grow Group Plans IPO In ‘Next 12 Months’ Following German Expansion

GROW Group told BusinessCann back in 2020 that it was raising £6m in capital to fund its expansion across Europe, setting its sights on the German medical cannabis opportunity.  Nearly two years later and the company has now received its first orders from pharmacies for its [...]

By |12 May 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on Grow Group Plans IPO In ‘Next 12 Months’ Following German Expansion

Ananda Developments Makes 3 New Heavyweight Hires As It Continues ‘Best, Not First’ Strategy

ANANDA Developments has announced a number of heavyweight hires including a new COO, Head of Cultivation and Head of Plant Science, sending its stock price jumping nearly 30%.  Three months into its ‘first phase of operations’, which started nearly four years after it first listed on [...]

By |3 May 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on Ananda Developments Makes 3 New Heavyweight Hires As It Continues ‘Best, Not First’ Strategy

New Pilot Could See Patients On The Isle Of Man Gain Access To Medical Cannabis For The First Time

THE Isle of Man’s 83,000 inhabitants could soon gain access to medical cannabis for the first time as the Department of Health & Social Care (DHSC) prepares to launch a new pilot scheme.  On March 31 2022 the DHSC announced that it was looking to partner [...]

By |26 April 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on New Pilot Could See Patients On The Isle Of Man Gain Access To Medical Cannabis For The First Time

MGC Pharma Reports Strongest Ever Sales as Key Drug Approvals Remain in Limbo

MGC Pharmaceutical has reported its strongest ever quarterly sales figures, but a lack of significant progress on its drug trials and regulatory approvals saw a muted response from investors.  The young Australian pharmaceuticals company, which is developing a number of cannabis-based drugs to treat Alzheimer’s, Dementia, [...]

By |9 February 2022|Categories: BusinessCann - Medical Cannabis News|Comments Off on MGC Pharma Reports Strongest Ever Sales as Key Drug Approvals Remain in Limbo

Work To Start On UK Mainland’s First Commercial Cannabis Cultivation Facility For Over 20 Years

GLASS Pharms has agreed a £22.5m funding deal to build the UK mainland’s first, high-THC, commercial cultivation facility for over 20 years.  The deal will allow the cultivator, which was established in 2019, to construct the ‘glasshouse’ facility and begin selling products by late next year, [...]

By |23 December 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on Work To Start On UK Mainland’s First Commercial Cannabis Cultivation Facility For Over 20 Years

From Flowers To Pharma – How Europe Is Forging Its Own Medicinal Cannabis Identity

As Europe embraces medicinal cannabis the continent’s prescribing landscape is developing different characteristics to that of the US. AFTER picking up their script from a health professional US medical cannabis consumers pop down to their local store for a chat with the bud tender on the [...]

By |23 December 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on From Flowers To Pharma – How Europe Is Forging Its Own Medicinal Cannabis Identity

Plans Unveiled For First National Health Service-Backed Medical Cannabis Clinical Trial

AFTER launching a patient registry earlier this year further signs the UK’s National Health Service is warming to cannabis medicine have emerged with news of the potential launch of a clinical trial. Ten patients will soon make history when they begin taking CannEpil+ – a high-CBD, [...]

By |13 October 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on Plans Unveiled For First National Health Service-Backed Medical Cannabis Clinical Trial

LYPHE Group Opens Swiss Division With Germany And Poland To Follow By End Of Year

ONE of the UK’s fastest growing and largest cannabis companies has launched its first European operation with more to follow over the coming months. The London-headquartered LYPHE Group operates a number of divisions including the The Medical Cannabis Clinics (TMCC) which caters for over half of [...]

By |16 September 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on LYPHE Group Opens Swiss Division With Germany And Poland To Follow By End Of Year

Work On £12m Medicinal Cannabis Cultivation Facility Held-Up By Covid-19 UK Travel Ban

ANANDA Developments has secured £300,000 to build out the first phase of its medicinal cannabis growing research facility in Lincolnshire. In May last year the AQSE Growth Market-listed business unveiled £12m plans to create one of the UK’s largest medicinal cannabis farms – capable of growing 300,000 [...]

By |16 September 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on Work On £12m Medicinal Cannabis Cultivation Facility Held-Up By Covid-19 UK Travel Ban

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 not be in operation for at [...]

By |16 September 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on Children’s Dutch Epilepsy Cannabis Medicines Will Be Made In The UK To Overcome Import Impasse

The UK Medical Cannabis Industry Can – And Does – Provide Epilepsy Medicines For Children In Post-Brexit Britain

Pierre Van Weperen of Grow Pharma on the post-Brexit issue surrounding the import of epilepsy cannabis medicines into the UK. MAINTAINING existing quality standards was one of the key themes of the Brexit argument and for finished medicines this still comes with a European Union Good [...]

By |16 September 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on The UK Medical Cannabis Industry Can – And Does – Provide Epilepsy Medicines For Children In Post-Brexit Britain

NHS Launching Patient Registry To Support Evidence Base For Cannabis Medicines

THE NHS is to launch is first-ever cannabis patient registry in a move which signifies an ambition for the medicines to become more widely-available to UK patients. Health Secretary Matt Hancock ordered an urgent review into the lack of cannabis prescriptions, last spring. The creation of [...]

By |16 September 2021|Categories: BusinessCann - Medical Cannabis News|Comments Off on NHS Launching Patient Registry To Support Evidence Base For Cannabis Medicines