International Cannabis Weekly: 205

EUROPEAN UNION TO REVIEW MINOR CANNABINOIDS AND CANNABIS FLOWERS IN COSMETICS

This week, the European Union has released a ‘non-paper’ covering its position on cannabis in its different forms and components. The non-paper – an EU term for an unofficial document put forward to test the reaction of other parties to possible procedural or policy changes – was presented to the Horizontal Working Party on Drugs in June.

The following report – covering everything from the current recreational and medical use of cannabis to its agricultural, cosmetic and food uses as well as health and nutritional claims – highlights the impact recent judgements could have on EU policy.

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SHA’CARRI RICHARDSON’S DOPING BAN COULD LEAD TO WADA RE-EVALUATIONS ON CANNABIS

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URUGUAY ON THE CUSP OF LEGALISING AND COMMERCIALISING CBD EDIBLES

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• Spanish court upholds European Union legislation allowing CBD products to be sold across Europe.
• Regional commission allows processing and production of hemp to develop Sardinian local supply chain.
• Patients in Germany will now be able to access medical cannabis that has been cultivated within the country.
• Cannabis company CiiTECH to join standard board of the LSE after it raises £2.1 million in capital.
• Portuguese hemp farmers lose out on permits and this year’s crops, as governing official has left her post.
• Malta may see more progressive cannabis legislation after the new Maltese Minister for Innovation is appointed.

CANNABIS EUROPA LONDON: LET’S PUSH THINGS FORWARD

Regulations controlling the production and distribution of cannabis products continue to signal the progressive end of failed prohibition. Momentum is building, but we need to pick up the pace. Join us in London on 10-11 November for the first live Cannabis Europa event of the year. Let’s Push Things Forward.

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• Missouri peaks with US$70 million in sales since launching its cannabis industry last October.
• Nevada’s Athletic Commission is the most recent to lift the ban on cannabis use for boxing and mixed-martial arts athletes.
• Clever Leaves donates historical US$25 million in cannabis products to advance research into the benefits of cannabis.
• Apple is first to open app store opportunities to cannabis businesses after new policy updates.
• National Industrial Hemp Council projects that hemp seed sales will dominate the market by 2030.
• Harborside successfully completes Sublime acquisition for US$43.8 million.
• NIHC estimates US exports of hemp and hemp-derived products more than doubled to US$1.8 billion in 2020.
• Colorado introduces stricter testing regulations for foods, dietary supplements, and cosmetics containing hemp.
• Planet 13 opens a cannabis dispensary theme park, signalling modernisation of cannabis tourism and consumption.
• Trulieve completes a US$60 million acquisition of Pennsylvanian dispensaries, adding another 91 to its portfolio.
• CeresMED merger with Canadian-based company SLANG brings fears for Vermont locals over market push out.

• Canada’s WeedMD announces intention to change its company name to Entourage Health Corp.
• Icanic Brands continues growth following its latest successful acquisition of California-based company De Krown.
• Sundial announces C$350 million investment into joint venture SunStream Bancorp.
• The Ontario Cannabis store annual review calculated that it sold almost 100 million grams of cannabis in 2020-2021.

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• Trinidad and Tobago releases plans to legalise cannabis for medical, research and religious purposes.
• Uruguay’s National Drug Secretariat wants to amend cannabis laws to prevent crime, though growers are not convinced.
• Canadian Avicanna signs a multi-year contract to supply CBD and THC extracts to Brazilian pharmaceutical company.
• Clever Leaves continues expansion after announcing its entry into Mexican cannabis market.
• Brazilian ANVISA sets up a workshop to discuss regulations of dietary supplements including cannabis.

• Indian start-up is first cannabis firm to receive BIRAC grant after developing a transdermal cannabis product.
• Filipino cannabis activist begins pro-cannabis parliamentary party MedCann to end the war on drugs.
• New Zealand families accuse the government of creating a medical cannabis crisis due to overly restrictive regulations.
• Bod Australia sees record medical cannabis sales with a 212% increase in the last year.
• AusCann achieves a supply deal with the Tasmanian Health Department, and sees products covered by some health funds.
• Financial company FinClear acts as catalyst for the trading of cannabis securities in the Australian market.
• Collected data finds 15.9 million Australians support cannabis decriminalisation.
• Australia’s TGA approves Dragonfly cannabis oil for the Special Access Scheme, available to patients immediately.

• Continued losses for Labat, reporting R17.5 million loss directly after last year’s R4.7 million loss.
• Tikun Olam diversifies its range with the acquisition of Gynica, offering cannabis treatments for gynaecological problems.
• Curaleaf is first company to successfully export 1 ton of medical cannabis flower to Israel under new regulations.
• Israel will recommence importing cannabis from overseas after a halt of one year.