Issue 209

06.08.2021

Europe
USA
Latam & Caribbean
APAC
Africa & Middle East

HIGHLIGHTS 

PROHIBITION PARTNERS ACQUIRES BUSINESS OF CANNABIS

Prohibition Partners announced its 100% acquisition of Business of Cannabis on Wednesday to form the industry’s new leader in media and data, as well as the largest B2B audience in cannabis.

Prohibition Partners is renowned for its leadership in emerging markets – including Europe, Asia and LATAM – and following this acquisition, now offers the only true global solution for the cannabis industry while also boasting its largest B2B global audience.

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LYPHE GROUP SETS ITS SIGHTS ON POLAND AND GERMANY AFTER ITS EXPANSION INTO SWITZERLAND

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TOKYO 2020 OLYMPIC GAMES: HOW CANNABIS HAS CHANGED THE GAMES

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Europe

REPORT

 

CANNABIS EXTRACTS MARKET IN EUROPE SET TO BE WORTH €1.5 BILLION BY 2024

Many emerging markets in Europe are expected to see an exponential increase in sales for extract-based products with sales expected to reach €1.5 billion by 2024.

The reasons behind the transition towards extract-based products in medicinal cannabis are obvious; they are simply more ‘pharmaceutical’ than flower, and more countries in the region are legalising its use. Download The Cannabis Extraction Report for free to find out more.

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USA

  • The US House of Representatives approves multiple cannabis provisions in its upcoming spending bill.
  • Illinois awards 55 cannabis business licences, which have yet to be distributed due to a lawsuit challenging the process.
  • Former NBA player Allen Iverson enters into a multi-year partnership with Viola Brands.
  • Amazon registers to become an official lobbyist for the legalisation of cannabis in the United States.
  • Truth Enterprise raises US$11.5 million in seed funding, US$1 million more than its original funding target.
  • Arkansas activists begin collecting signatures for adult-use cannabis in preparation of 2022 ballots.
  • Ohio lawmakers formally introduce a bill to legalise cannabis possession, cultivation for personal use, and sales.
  • Halo Collective Inc. acquires William’s Wonder Farms, increasing its outdoor cultivation acreage to 11 acres in Oregon.
  • Ziese Farms announces partnership with the Rodale Institute, providing hemp and cannabis patents for research.
  • Federal drug agency allows grant funding for state health providers that prescribe cannabis to mental health patients.
  • The state of Louisiana decriminalises cannabis, with possession of 14 grams now receiving a US$100 fine.
  • Cannabis sales in Connecticut are projected to collect US$73 million in taxes in 2021.

SPONSORED

CANADA

UPCOMING EVENT

STEPHEN MURPHY TO TALK ABOUT EUROPEAN CANNABIS MARKET AT ICBC BERLIN

Prohibition Partners Co-founder and CEO Stephen Murphy will join a panel of experts at the International Cannabis Business Conference in Berlin on 27 August, to debate which emerging cannabis markets in Europe have the most potential to prosper.

Learn from the experts at the conference about what is going on in countries like Poland, Greece and other emerging markets that are on the brink of cannabis reform.

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LATAM & CARIBBEAN

APAC

AFRICA & MIDDLE EAST

Read the stories that shape the cannabis industry