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International Cannabis Weekly: 179

January 8, 2021

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THE DEMOCRATIC PARTY HAS TAKEN CONTROL OF THE US SENATE BOOSTING HOPE FOR MAJOR CANNABIS REFORM

 

 

Following the Georgia state run-off election result, which saw the Democratic party take control of the US Senate, cannabis stock prices soared in expectation of major cannabis reform being passed in the near future.

Legislation such as the MORE Act, which would federally decriminalise the possession of cannabis, is now much more likely to pass into law.

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Europe

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COVID-19 AND CANNABIS

DESPITE THE NEGATIVE IMPACT OF COVID-19 ON THE ECONOMY OPPORTUNITIES REMAIN FOR THE CANNABIS INDUSTRY

The COVID-19 pandemic has had a profound impact on the global economy as lockdown measures & economic uncertainty caused many companies to downsize & re-evaluate strategies. However, COVID-19 undoubtedly raises opportunities for the cannabis industry at large.

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USA

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REPORT

 

GERMAN CANNABIS MARKET SET FOR BIGGEST GROWTH IN EUROPE IN 2021

 

Germany is set to be one of the most lucrative cannabis markets outside of North America, owing in part to its huge purchasing power and progressive politics.

Throughout the first half of 2020, well over €75 million worth of medical cannabis products were sold in the country to what Prohibition Partners estimates is a patient population of around 120,000.

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CANADA

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LATAM & CARIBBEAN

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APAC

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AFRICA & MIDDLE EAST
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