Issue 206

16.07.2021

Europe
USA
Latam & Caribbean
APAC
Africa & Middle East

HIGHLIGHTS 

ADULT-USE CANNABIS LEGALISATION IN EUROPE: THE FINAL COUNTDOWN

A few governments in Europe are taking the first tentative steps towards legislation that allows for adult cannabis use (at least on a trial basis). If the legalisation process continues as expected, various European countries, for example Portugal, Spain, the Netherlands, Luxembourg, Germany, Switzerland and Malta, could all introduce legal access to adult-use cannabis within the next few years.

‘The potential effects of the legalisation of adult-use cannabis in Europe are far-reaching and significant. From an economic, social, political and medical perspective, the opportunities created by legalisation could be transformational,’ says Barbara Pastori, international cannabis industry expert and Director of Data & Strategy at Prohibition Partners.

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SELF-CULTIVATION LEGISLATION IN ITALY TO BE PRESENTED BEFORE THE JUSTICE COMMISSION

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ARGENTINA SENATE APPROVES DRAFT REGULATORY FRAMEWORK FOR CANNABIS INDUSTRY

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Europe

  • Dutch government clarifies requirements of coffeeshop owners for controlled cannabis supply-chain experiment.
  • Ukrainian president convenes a parliamentary meeting with cannabis legalisation on the agenda.
  • New recommendations by the Financial Conduct Authority could mean cannabis companies are locked out of the LSE.
  • Berlin plans to bring cannabis legislation before the courts five years after it was first dismissed by regulators.
  • French cannabis start-up Rainbow raises €2 million in its latest funding round in a bid to increase its market presence.
  • Sanobiotec announces intention to pivot focus to burgeoning minor cannabinoids market.

FEATURE

SENATE LEADER CHUCK SCHUMER RELEASES DRAFT PROPOSAL FOR FEDERAL CANNABIS LEGALISATION

US Senate Majority Leader Chuck Schumer released a draft of the Cannabis Administration and Opportunity (CAO) Act on Wednesday, which, if passed, would federally legalise cannabis in the United States. According to polls from Gallup and Pew, more than 60% of those in the US support the legalisation of cannabis for medical and adult-use cannabis.

Prohibition Partners has analysed and provided a breakdown of the most important points from the CAO Act, sorted into several categories.

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USA

CANADA

EVENT

ICONIC VENUE & INFLUENTIAL SPEAKERS ANNOUNCED FOR NEW YORK CANNABIS SUMMIT

The iconic New York venue Rainbow Room will host 300+ of the most influential business, finance and political thought leaders for a day-long programme of knowledge-sharing and networking at Business of Cannabis: New York this September.

The first speakers to be confirmed and announced this week include New York State Senator Liz Krueger, who played a pivotal role in pushing for the historic legalisation of cannabis in New York in March 2021, and Pablo Zuanic, Managing Director of Cantor Fitzgerald.

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LATAM & CARIBBEAN

APAC

AFRICA & MIDDLE EAST

  • Zimbabwean farmers are swapping tobacco crops for hemp as hemp overtakes tobacco in market stability.
  • Israeli cannabis bill that would expand access to medical cannabis is unlikely to be voted in.
  • MedCan becomes the first company from South Africa to export medical cannabis flower to the UK.
  • Aurora makes one of the largest single shipments of medical-grade cannabis to Israel, worth C$8 million.
  • Kenyan education and research secretary prompts research into cannabis to understand commercial potential.

Read the stories that shape the cannabis industry