International Cannabis Weekly: 199

DANISH DOCTORS TO CONTINUE PRESCRIBING MEDICAL CANNABIS AS NATIONWIDE TRIAL IS EXTENDED

Danish patients will be able to access medical cannabis for another four years after politicians agreed to extend a nationwide trial. And, companies in the Scandinavian country producing cannabis for medical purposes are also to be allowed to operate permanently.

Denmark’s medical cannabis pilot programme had been due to finish at the end of December 2021 following a four year trial period. But a broad majority of parties in the Danish parliament have voted to allow doctors to continue to prescribe medical cannabis products to their patients until at least the end of 2025, and make cultivation and production of medical cannabis permanent to safeguard investments already made in the burgeoning industry.

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FRANCE TO LEGALISE CBD PRODUCTS AFTER EUROPEAN COURT INTERVENES TO LIFT BAN

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NY CANNABIS CONTROL BOARD TO CREATE LEGAL FRAMEWORK FOR ADULT-USE CANNABIS

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• UK MP calls for a refocus on cannabis as a health issue to speed up cannabis reform.
• Italian health ministry’s authorisation process provides clearer procedures for cannabis producers.
• Bill to legalise medical cannabis in Greece passes with sizeable majority.
• Ramm Pharma’s acquisition of Canapar will bring economic and employment opportunities to Sicily.
• European organisation launches largest ever scientific study of CBD and THC products.
• Italian cannabis companies unite to fight right-wing party’s anti-drugs manifesto.

EXCLUSIVE INTERVIEW WITH CURALEAF FOUNDER BORIS JORDAN

Speaking at Prohibition Partners LIVE last week in an exclusive interview with Financial Times reporter, Patricia Nilsson, Boris Jordan revealed that Curaleaf’s recent purchase of EMMAC Life Sciences was driven by the necessity to secure an early foothold in Europe.

He went on to say that after years of prohibition it is becoming increasingly clear to governments that cannabis is both safe and medically beneficial, and public perception is shifting towards legalisation.

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• Cannabis cultivator launches Maryland’s first tissue culture lab to advance cannabis development.
• Deal on cannabis legalisation in Connecticut could be reached this week.
• HempFusion significantly increases distribution capabilities with US$25 million acquisition.
• Bill to decriminalise cannabis one step away from final stage in Louisiana.
• Representatives in Massachusetts to consider bill legalising CBD as food ingredient.
• Preparations for legalisation of adult-use cannabis underway in New Mexico.
• Expansion of Texas’ medical cannabis programme seems unlikely following Senate delay.
• Hemp production starts slowly in South Dakota after numerous setbacks.
• Victory for Ohio activists as mounting pressure sees cannabis decriminalisation reach the ballots.
• Bill proposed to make hemp-derived CBD products legal in food and beverages.
• Legislation to improve minority entrepreneurs’ chances of entering cannabis market passes in Illinois.
• Relief for Missouri cannabis companies as tax bill receives near-unanimous approval.

CANNABIS EUROPA LONDON: SPEAKER APPLICATIONS OPEN

The premier European industry conference, Cannabis Europa, is returning to London on 10-11 November 2021. This two day event will be hosted in a stunning central London location bringing ground-breaking, high-quality content on science, policy-making and business strategy to both European and international audiences. If you would like to contribute, we’re now accepting applications from industry thought leaders to share insights, debate, and discuss with an audience of key decision makers.

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• The Valens Company announces C$40M buyback.
• Hemp developer poised to enter European market with C$7 million raise.
• Village Farms looks to shore up capital with purchase of company’s outstanding Common Shares.
• Gage Growth expands investor exposure with inclusion in leading US cannabis exchange-traded funds.
• Two-year legal battle between hemp operators reaches Supreme Court.
• Hexo acquires Redecan taking the number one position in Canadian adult-use market.

THE GLOBAL CANNABIS ECONOMY SERIES

The legalisation of cannabis is truly a global movement. This webinar, sponsored by Prohibition Partners and part of the Canadian Securities Exchange’s ‘The Cannabis Investor Series’, saw speakers look beyond Canada and the US to explore what’s happening in cannabis markets globally. Topics included medical cannabis in Europe and Israel, cultivation in Mexico and across Latin America, and recent developments in Asia.

Hear from global experts and influencers who are shaping this rapidly-evolving industry, and gain insights into the opportunities and challenges ahead as global acceptance of cannabis continues to rise.

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• Thousands of Colombian patients will receive free medical cannabis consultations through Khiron partnership.
• Peruvian health professionals create a cannabis education website for patients and professionals.
• Mexico’s cannabis regulations have a big impact on the cannabis industry’s economic potential.
• Peruvian patients will be able to access treatments using CBG for the first time.
• Argentinian politician proposes legislation to grant animals access to medical cannabis citing therapeutic value.
• Jamaican cannabis sales at pre-COVID levels after strict COVID 19 safety protocols are applied to dispensaries.
• Bahamas’ medical cannabis bill to allow producers and cultivators up to five cannabis licences.

• Strong growth of Australia’s medical cannabis market continues to shatter expectations.
• Australian university to explore effectiveness of treating child cancer patients with medical cannabis.
• COVID 19 causes delays to medical cannabis studies but MCG Pharma trials continue.
• Australian study shows the positive effects of CBD on managing multiple sclerosis.

• Lesotho creates world’s first cannabis-focused economic zone to attract potential investors.
• South African Finance Minister calls for full cannabis legalisation.
• Labat Africa invests in Leaf Botanicals, boosting their economic position in the African cannabis industry.
• Israeli cannabis company develops high-tech solutions to cannabis production’s sustainability problem.
• Proposed cannabis law in Kenya would see greater leniency for users.